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Welcome to the Bitcoin Street Journal, your daily source for live market updates, technical

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analysis, and breaking news regarding Bitcoin.

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Stay up to date with the latest Bitcoin trends, market capitalization, and supply, as well

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as financial and economic news by subscribing to our podcast.

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Join us on the journey through the world of Bitcoin and its impact on our daily lives.

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In today's episode, we'll cover Kraken's high share in USD spot trading since January

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2018, and the US government's objection to BitTrex's customer repayment plan.

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Today we have a lot of news in the world of cryptocurrency.

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The UK's FCA is rolling out stricter rules for crypto ads, which includes a referral

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bonus ban.

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Meanwhile, Kraken is becoming a more dominant player among exchanges that offer trading

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in USD pairs, accounting for 20% of the spot volume in the USD crowd in May.

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In other news, Binance lawyers alleged that SEC chair Gensler offered to serve as an advisor

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to a crypto company back in 2019, while BitTrex's customer repayment plan is facing opposition

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from the US government.

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On a positive note, BitGo has reached a preliminary agreement to buy PrimeTrust.

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However, in May, the spot trading volume on centralized exchanges fell 21.8% to $495

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billion, the lowest monthly volume since March 2019.

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Binance.

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US has suspended USD deposits and paused fiat withdrawal channels, and Robinhood has ended

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support for Solana, Polygon, and Cardano.

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The Department of Justice has charged two Russian nationals with laundering over 600,000

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BTC stolen from Maunet Gox.

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Meanwhile, Crypto.com has suspended US institutional exchange service, and BTC market depth on

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Binance US has collapsed in recent days.

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In legal news, the CFTC has won the Ukidau case, setting a precedent that DAOs can be

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held liable and the FTX customer names will not be revealed by the bankruptcy court.

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Amidst all the regulatory upheavals, Arbitrum continues to dominate the Layer 2 landscape

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and is the top destination for capital flowing away from Ethereum.

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Also, over 50% of BTC on exchanges have moved outside the US due to regulatory uncertainty.

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In other news, Vitalik Buterin has donated another $100 million to support COVID relief

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projects.

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Lastly, the Russian's largest bank has announced that they will allow crypto trading this summer,

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and Deputy Chairman Popov said the offering could be introduced to clients by the end

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of June.

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There's a lot happening in the world of cryptocurrency, and will keep you updated with the latest

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news and trends.