Daily News (May 20)

24-Hour Crypto Prices:

BTC – $30,447.81 +5.4% πŸ“‰

ETH – $2,033.91 +5.7% πŸ“‰

BNB – $310.01 +7.1% πŸ“‰

Top Crypto Gainers:

SNX – $2.77 +15.5% πŸ“ˆ

AAVE – $93.22 +15.1% πŸ“ˆ

GMT – $1.55 +14.4% πŸ“ˆ

Top Crypto Losers:

XCN – $0.083827 -13.7% πŸ“‰

UST – $0.076428  -13.6% πŸ“‰

LUNA – $0.00013819 -4.8% πŸ“‰

FTX US will launch a 0-commission stock trading platform. The new platform will offer stock trading and investing to hundreds of US exchange listed shares. FTX will soon offer crypto, NFTs and stocks all under one roof. The news is curious since FTX CEO Sam Bankman-Fried recently acquired a 7.6% stake in competitor Robinhood.

After the collapse of the Terra ecosystem, Terraform Labs and co-founder Do Kwon continue to attract legal problems. With the Financial and Securities Crime Joint Investigation Team actively investigating and now South Korea’s national tax agency watching, it seems that Terra will face harsh repercussions from South Korea. Naver news reports that Terraform Labs and Kwon owe $78 million in penalties for tax evasion charges. The tax authorities learned that Terraform Labs sent LUNA from Terra Singapore to the Luna Foundation Guard for tax avoidance purposes. 

Former Commodity Futures Trading Commission (CFTC) head Christopher Giancarlo will join the crypto prediction platform Polymarket’s board. Polymarket utilises smart contracts to enable betting on event outcomes through the stablecoin, USDC. Polymarket CEO Shayne Coplan indicated that Giancarlo will help the firm navigate regulation for US derivatives.

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