|
| Letter follows claims Binance handled $1B tied to Iran-linked entities |
͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ |
View in browser |
|
|
|
 |
|
May 8, 2026 |
|
|
|
Your Daily Digest of the π₯Hottest News in Crypto |
|
|
|
Today’s top storiesπ Markets briefly went cancel-only as cloud failures hit Coinbase services
π΅️ Report: US demanded Binance comply after Iran-linked flow allegations
πΆ ECB urges tokenized settlement rails backed by central bank money
π° Keep reading for all of today’s biggest headlines |
|
|
|
Coinbase restores trading after AWS outage disrupts marketsCoinbase restored trading on its exchange, website, and mobile apps after an Amazon Web Services outage triggered high error rates and forced the platform to limit markets. During the disruption, Coinbase moved markets into cancel-only mode and then auction mode before reopening trading in stages, with exchange markets re-enabled first and web/app access following later. The incident, tied to infrastructure issues in AWS’s Northern Virginia region and reportedly affecting multiple availability zones, highlighted how major cloud outages can disrupt access to large crypto trading platforms. |
|
|
|
|
|
|
|
|
|
US Treasury ‘privately demanded’ Binance comply with monitoring deal: ReportUS Treasury officials reportedly sent Binance a private letter pressing the exchange to comply with a monitoring program required under its 2023 settlement with US authorities, after allegations that Binance facilitated roughly $1 billion in transactions tied to Iran. The monitoring arrangement was part of a $4.3 billion deal with the Treasury and Justice Department, and the report says the letter followed claims that employees who raised the Iran-related concerns were fired. Binance said it is cooperating with the independent monitor and relevant agencies, as scrutiny of the company’s political connections has also intensified amid recent Trump-linked developments. |
|
|
|
|
|
|
|
Stablecoins won’t strengthen global role of euro, ECB’s Lagarde saysECB President Christine Lagarde argued that euro-denominated stablecoins are not the best way to boost the euro’s global role, because the debate often conflates stablecoins’ monetary function with their technological benefits. Instead, she urged Europe to build tokenized settlement infrastructure anchored in central bank money, citing the Eurosystem’s Pontes project and the Appia roadmap toward an interoperable tokenized finance ecosystem. While she acknowledged MiCA-regulated euro stablecoins could increase demand for euro safe assets, she warned of trade-offs including run risk, fragile reserves, and weaker monetary policy transmission, pointing to USDC’s brief depegging during the 2023 Silicon Valley Bank turmoil as an example. |
|
|
|
|
|
|
|
|
MARKETS |
|
|
|
Four signs that show Ethereum’s rally is exhausted at $2.4KEthereum has pulled back to about $2,275 after failing to break $2,400, and several network metrics point to weakening demand. Weekly transactions fell 10% to 4.79 million, active addresses dropped 8% to 2.5 million, and fees slid roughly 27%, contributing to a 47% drop in onchain revenue. DEX volumes are also down 46% over three weeks, and Ethereum DeFi TVL has declined to $124.7 billion, suggesting softer ecosystem usage and conviction. At the same time, supply and market-flow signals are turning bearish: the unstaking queue surged to over 530,000 ETH amid heightened caution after major DeFi hacks, while the Coinbase Premium Index staying negative implies heavier US-led selling. US spot ETH ETFs saw $103 million in net outflows, adding to broader investment-product withdrawals, and Binance taker buy volume has turned sharply negative—signs of aggressive selling. Technically, ETH appears to be breaking down from a rising wedge, with $2,150–$2,200 and especially $2,000 as key supports; a break could open downside toward roughly $1,830.
|
|
|
|
|
|
|
|
4.6 million people follow us on social media. You should too. |
|
|
|
|
|
|
|
Cointelegraph
DMCC, Business Centre, Level No 12, Uptown Tower
Dubai, United Arab Emirates |
|
|
You received this email because you signed up on our website. |
|
Download our official app: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|