As Ethereum has shifted from PoW to PoS, the economics of supply and demand underlying the two cryptocurrencies will continue to diverge, one observers said. Source: https://www.coindesk.com/markets/2023/05/16/bitcoin-ether-correlation-weakens-to-lowest-since-2021-hints-at-regime-change-in-crypto-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The EU’s Council unanimously approved the landmark Markets in Crypto Assets (MiCA) regulation and new anti-money laundering measures for crypto transfers. Source: https://www.coindesk.com/policy/2023/05/16/eus-crypto-legal-framework-inches-towards-law-with-finance-ministers-sign-off/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The change improves transaction speed and aims to beef up security on the platform, Kava says. Source: https://www.coindesk.com/tech/2023/05/16/token-of-layer-1-blockchain-kava-surges-40-ahead-of-mainnet-upgrade/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The collaboration will see Matrixport integrating with Copper’s ClearLoop to offer its institutional clients off-exchange settlement. Source: https://www.coindesk.com/business/2023/05/16/matrixport-integrates-with-coppers-clearloop-on-prime-brokerage-offerings/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

There all sorts of indicators traders can use to get a sense of where sentiment is heading in crypto markets. A key metric is funding rates on perpetual futures …

Lido users can now unstake their stETH and receive ETh at a 1:1 ratio. Source: https://www.coindesk.com/tech/2023/05/15/liquid-staking-leader-lido-upgrades-to-second-version-on-ethereum/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Investors have been eyeing particularly low liquidity in crypto trading as market makers turn cautious. Source: https://www.coindesk.com/markets/2023/05/15/bitcoin-rebounds-above-27k-as-investors-weigh-debt-ceiling-debate-liquidity-concerns/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A legal wrapper proposed by leaders of the Fantom-based protocol would empower employees of Hector and, according to critics, undercut the community of HEC holders. Source: https://www.coindesk.com/business/2023/05/15/defi-project-hector-mulls-legal-wrapper-to-shield-dao/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Criminal extortion charges against Steven Nerayoff, an early adviser to the Ethereum network, were dismissed by a New York judge on May 5, ending a three-and-a-half year legal battle …

Based in Ohio, Rise onboards employees for automatic crypto paychecks. Source: https://www.coindesk.com/consensus-magazine/2023/05/15/payroll-startup-rise-wins-coindesks-2023-pitchfest-contest/?utm_medium=referral&utm_source=rss&utm_campaign=headlines