Hakan Ateşler 
As the news of the Wall Street Journal from the US media left its mark on the crypto world today, Binance responded to the allegations. Yi He, one of the founders of the exchange, said, “There is competition among MMs, and the means are very shady. You can buy PR as you like, but don’t get close to me…”
Robinhood, which recently received a Wells notice from the SEC, announced its 2024 first quarter earnings report yesterday, while crypto revenues also increased significantly. While the company’s crypto revenues increased to $126 million, the increase in stocks was 44% compared to last year.
Bitcoin mining difficulty fell by 5.63%, the sharpest drop in 1.5 years. The difficulty level, which decreased at a time when miners were experiencing serious difficulties after the halving, last dropped this much in December 2022 during the FTX crisis.
European Union regulator ESMA is asking financial industry executives and experts whether cryptocurrencies can be considered investment products. Experts say that if the EU finds the answers positive and includes crypto in this area, it will have a “game changer” effect in the financial world.
Binance, which was found guilty in a lawsuit filed by the US Department of Justice in recent months and paid a historic fine of $4.3 billion, allegedly fired its manager/employee who uncovered a manipulation by DWF Labs. It is stated that DWF Labs earned $300 million through manipulation. DWF Labs denied the allegations.
As Bitcoin has gradually fallen this week to below $62,000, the founders of Glassnode stated on X that a price of $85,000 could be seen before the summer months.
Although the FTX exchange’s new payment plan was initially met with a favorable reception, creditors continue to discuss the issue of payment in dollars. A group of 1600 creditors will vote in June on whether to accept the proposal. Group leaders said that the FTX management’s proposal was presented to the public as a positive proposal, but that it was actually an insult to creditors.
Donald Trump, who is the former president of the United States as well as a candidate for the 2024 elections, pledged support for the cryptocurrency world. Trump also harshly criticized current president Joe Biden on cryptocurrencies and said, “He doesn’t even know what cryptocurrency is.”
BingX, one of the world’s leading exchanges, has announced an important campaign to celebrate its 6th anniversary. BingX is inviting its users and crypto enthusiasts to join the festivities with a series of events and prize-promising festivities that will run from May 8th to May
Tether, the company behind the largest stablecoin USDT, and Bitcoin-focused service provider investment firm Swan have reached an agreement on mining activities. According to the statement, Tether has allocated a significant amount of money for mining activities through Swan, but the figure was not disclosed.