Bitcoin and Etherereum Rally to 3 Week Highs

Hey, welcome to another Datawallet newsletter, your best place to get the freshest news from the crypto world. With topics tailored for all levels of investors and enthusiasts, get ready to dive into some fun news. Read on!
Today’s drop will cover these key daily news items:
- Bitcoin and Ether rally to 3-week highs
- BKEX suspends withdrawals
- ECB prototypes digital Euro
- PancakeSwap launches game with CAKE token rewards
- Binance resumes TORN deposits
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Bitcoin and Etherereum rally to 3-week highs
The week kicks off with a robust beginning in the markets, as Ether soars past $1,900 and Bitcoin momentarily trades over $28,000 – reaching their peak levels in almost three weeks. Market participants enthusiastically welcomed the update that the Democrats and Republicans are advancing toward an agreement to raise the U.S. debt ceiling.
House Speaker Kevin McCarthy informed the press on Sunday that he and Biden had established a preliminary understanding concerning the government's borrowing cap before the June 5 cutoff. Many believe that this is a potential catalyst for a future cut in interest rates and a further increase in government debt, which would be bullish for crypto assets.
📈 #BTC and #ETH rallied to 3-week highs as investors cheered the news that Democrats and Republicans were making progress toward a deal to increase the U.S. debt ceiling.
— The Defiant (@DefiantNews) May 29, 2023
🔗 @samuel_haig reports on how the negotiations are affecting the crypto market:https://t.co/TlW2ktDLOE
BKEX suspends withdrawals
BKEX Global, a cryptocurrency exchange based in the British Virgin Islands, halted withdrawals on Monday in order to collaborate with law enforcement. Through a statement on their website, BKEX revealed that a portion of their users' assets were connected to a money laundering case. The digital currency exchange committed to actively partnering with the appropriate agencies to address the concerns and reinstate standard procedures.
If you have funds currently on the platform we recommend keeping up to date with their official Twitter channel @BKEXGlobal for the most recent updates.
NEWS UPDATE: BKEX suspends withdrawals due to money laundering allegations; cooperates with law enforcement. @BKEXGlobal pic.twitter.com/sbjSJRFXc5
— Gokhshtein Media | We’re Hiring! (@gokhshteinmedia) May 30, 2023
ECB prototypes digital Euro
The European Central Bank (ECB) has completed prototypes for a digital euro and is set to make a decision on whether to develop the EU's official currency in a new format later this year, as per reports published on Friday. The ECB claims that its potential central bank digital currency (CBDC) can be designed to enhance innovation, although it seems less convinced about utilizing Web3-based distributed ledger technology and smart contracts.
ECB Executive Board member Fabio Panetta stated in a letter to the European Parliament's Irene Tinagli that this demonstration proves the seamless integration of digital euro design options into the current payment landscape, providing sufficient room for innovative features and technologies. He also mentioned that these findings will contribute to both the functional and technical design of a digital euro.
The digital euro will allow for innovation, the @ecb has said – but it seems skeptical about involving distributed ledgers and smart contracts in the currency's design. @jackschickler reports.https://t.co/qcwA2Ydqo7
— CoinDesk (@CoinDesk) May 30, 2023
PancakeSwap launches game with CAKE token rewards
The decentralized cryptocurrency exchange, Pancake Swap, has introduced Pancake Protectors, an engaging tower defense game. While the beta version was released last week, the official launch took place today on Mobox, a Binance chain-based player versus player (PvP) Gamefi platform.
Get your game on with Pancake Protectors!@PancakeSwap launches an immersive tower defence, Pancake Protectors, where you can earn $CAKE tokens. Defend, strategize, and claim your rewards on Mobox's Gamefi platform.
— P2E News (@P2ENewsOfficial) May 30, 2023
FULL STORY: https://t.co/lwtvON3Qg2#Pancakeswap pic.twitter.com/16JNeeqGzf
Binance resumes TORN deposits
Leading cryptocurrency exchange Binance has resumed TORN deposits after the assault on privacy-centric crypto mixer Tornado Cash DAO. On Monday, Binance declared that it has reinitiated deposits for TORN through the Ethereum (ETH) network and Binance's proprietary BNB Smart Chain.
TORN deposits on both networks were halted on May 21 due to a recent event involving the TORN decentralized autonomous organization (DAO). However, since the proposal to reinstate governance within the TORN DAO has been approved and implemented, the exchange stated that deposits are now open again.
#Binance has resumed deposits for $TORN on the Ethereum and BNB Smart Chain networks.
— Binance (@binance) May 29, 2023
In addition, we have decided to move TORN into the Innovation Zone by May 30, 2023.
More details here ➡️ https://t.co/OOQQwmcERs https://t.co/T5MwYFTIf7
Other breaking news
- Worldcoin integrates Safe
- Tai.money live
- Stargate to disable Fantom pool
- Bank of Japan releases CBDC report
- USDC backing Maker’s stablecoin DAI plummets to 23%
Wrapping up
There it is cryptopians, another Datawallet newsletter. Binance resumes TORN deposits which are good news for investors, while gamers can rejoice as PancakeSwap launches a game that rewards players with SWAP tokens. Meanwhile, BTC and ETH hit 3-week highs, briefly, and ECB releases a prototype of a Euro CBDC. Stay informed and ahead of the game with our daily crypto scoop. See you tomorrow!