CZ Released, Gemini Closing in Canada, Moo Deng & More - The Crypto Minute ⏰

Why It Matters

These events signal accelerating regulatory normalization, product launches, and institutional adoption that are reshaping liquidity, custody, and trading access across jurisdictions—while heightened volatility and legal settlements underline persistent systemic and compliance risks for investors.

Summary

This week’s crypto roundup saw major regulatory and market shifts: Binance CEO Changpeng Zhao (CZ) was released, Ripple won a Dubai license, and Bitwise filed for a spot XRP fund as Solana briefly overtook Ethereum in seven-day on-chain volume. Gemini announced it will close all Canadian customer accounts within 90 days, while BlackRock’s spot Ether ETF surpassed $1 billion in assets and Aave v3 topped $10 billion in TVL. Other notable developments included Arb1 passing 1 billion transactions, Robinhood enabling crypto withdrawals for European users, Mango Markets settling with the SEC, and a volatile market episode that produced $523 million in liquidations and a 70% spike in the dormant FTX token. Market activity also hit lows for NFT sales since 2021 and bitcoin ETFs recorded their largest outflow in a month amid ongoing bankruptcy distributions.