Best Twitter threads of the day – May 22nd

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  TL;DR Breakdown Binance has conducted its 11th token burn, resulting in the destruction of 2.65 billion Terra Classic (LUNC) tokens. The burn initiative aims to decrease the total token supply and enhance the value and stability of the LUNC ecosystem. Description In a recent move to address the supply dynamics of Terra Classic (LUNC) tokens, Binance, the world’s largest cryptocurrency exchange, has executed its 11th token burn event. This initiative resulted in the destruction of a substantial 2.65 billion LUNC tokens, marking a significant reduction in the overall supply. Binance‘s commitment to reducing the token supply … Read more In a recent move to address the supply dynamics of Terra Classic (LUNC) tokens, Binance, the world’s largest cryptocurrency exchange, has executed its 11th token burn event. This initiative resulted in the destruction of a substantial 2.65 billion LUNC tokens, marking a significant reduction in the overall supply. Binance‘s commitment to reducing the token supply and the subsequent positive market response reflects the exchange’s efforts to enhance the value and stability of the LUNC ecosystem.  Contents hide 1 Binance’s 11th LUNC…

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• SEC dodges Coinbase’s crypto regulation request, raises concerns

  TL;DR Breakdown The SEC has yet to decide on clarifying cryptocurrency regulations, despite Coinbase’s request. Coinbase’s petition sought clarification on classifying assets as securities and regulating digital native securities. SEC’s Chief Legal Officer, Paul Grewal, criticized the SEC’s false claims of no decision and refusal to commit to a deadline. In a recent development, the U.S. Securities and Exchange Commission (SEC) has yet to decide on clarifying new cryptocurrency regulations following a special request from Coinbase, the nation’s largest crypto exchange. In a filing on Tuesday, the Wall Street regulator stated that it had not determined its course of action regarding Coinbase’s petition for rulemaking. This comes in response to an order from Judge Cheryl Ann Krause of the U.S. Court of Appeals for the Third Circuit, who required the SEC to disclose whether it intends to deny Coinbase’s petition. The filing, made last year, sought clarification from the SEC on classifying assets as securities and regulating digitally native securities. Coinbase’s Chief Legal Officer, Paul Grewal, voiced his concerns on Twitter, emphasizing that the SEC persists in falsely claiming they…

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• Cryptocurrency Approval Boosts Canadian Market, LTC Price Sees Significant Rise

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• Banking sector on edge as FCA examines savings rates

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