> ## Content Index > Fetch the complete content index at: https://dexplain.com/llms.txt > Use this file to discover other available public pages before exploring further. # Regulators Mount Up - URL: https://dexplain.com/regulators-mount-up/ - Published: 2021-07-30T11:13:00.000Z - Updated: 2022-11-14T21:52:39.000Z - Description: Binance is restricting access to its futures products and US Treasury wants to control all fiat stablecoins. Can the BTC bulls prevail? - Author: wizardfromspace - Tags: Ethereum, Bitcoin, Crypto News, Crypto Trading, Non-fungible Tokens, Collectibles, Solana, Yearn Finance, yield farming, Blockchain, Axie Infinity, Curve Finance Good old options expiry day! After the expiry time (Friday 0800 UTC expiry) we did see a Bitcoin dump down to $38,300 and now the bulls are fighting to turn $38,500 into support. Looks like the bulls need to get the market back above $39k quickly if we want to see the upwards direction continue. But with a lot of concerns about regulation changes it’s hard to say if this weekend will be red or green – so be ready for anything. We have rumors circulating about [this proposed crypto/infrastructure bill](https://twitter.com/ODELL/status/1421076403576053760?ref=dexplain.com) that might cause panic selloffs. I’ve seen some people saying exchanges may block your withdrawals until it’s certain you’ve paid taxes… that seems a bit far-fetched logistically but if your plan is to hold long-term well having a hardware wallet for cold storage is a good plan --- ### Where to trade? Here are my favourite crypto exchanges, use the referral link for atleast a 10% discount on your trading fees. - [Bybit](https://www.bybit.com/en-US/invite?ref=M2YNXG) \- Currently, this is my favourite platform! Great liquidity and bonuses for deposits. - [Delta Exchange](https://www.delta.exchange/app/signup/?code=VVRPEI&ref=dexplain.com) \- Good for a degen account, no KYC required but low liquidity. - [Binance](https://accounts.binance.com/en/register?ref=X8XUVA60) \- Lots and lots of spot altcoin pairs, especially BTC pairs. - [KuCoin](https://www.kucoin.com/ucenter/signup?rcode=r3D6E6L&ref=dexplain.com) \- Great for longer small cap holds. --- And despite what crypto twitter might think, it’s not all doom and gloom around regulations, next week [German institutions can legally start stacking BTC](https://zycrypto.com/german-law-that-could-potentially-see-415-billion-flowing-into-cryptocurrencies-becomes-effective-next-monday/?ref=dexplain.com). So best to stick to your plan and close out all that emotional noise! Yesterday I dove into [Axies universe](https://dexplain.com/tag/axie-infinity) to better understand why AXS price continues to trend upwards. It’s a mix of clever game design giving players many different ways to earn, which all influence tokenomics. --- ## Crypto News - **Binance**: Is reducing access to [its derivatives products (futures) in Europe](https://twitter.com/binance/status/1421067563027603469?ref=dexplain.com), first up are people from Italy, Germany, and the Netherlands. And Malaysia has simply banned Binance completely, giving them [14 days to shut down their operations](https://cointelegraph.com/news/binance-banned-in-malaysia-given-14-days-notice-to-shut-down-operations?ref=dexplain.com). - **Blockfolio**: Is no longer! The portfolio app will now be known as FTX, looks like the plan is to promote this version of the App as an easy way to invest in cryptocurrency. - **Bitcoin**: This week we’ve [seen massive outflows from exchanges](https://cryptopotato.com/massive-outflows-see-bitcoin-exchange-balances-plummet-to-2018-levels/?ref=dexplain.com), to a point that their BTC balances have gone down to 2018 levels. Usually taken as a bullish sign it means coins moving into cold storage or DeFi products. Though other analysts point out it can just exchange doing wallet shuffles. - **Stablecoins**: A [new bill proposes that the US Treasury](https://beyer.house.gov/uploadedfiles/beyer%5F028%5Fxml.pdf?ref=dexplain.com) will have full authority when it comes to fiat stablecoins. And it also outlines that the Federal Reserve should issue its own digital dollar. --- ## DeFi News - **Francium**: Leveraged [yield farming is now available on Solana](https://twitter.com/Francium%5FDefi/status/1420434249711247362?ref=dexplain.com) via Francium’s platform. There are some APYs over 40,000% such as the SLRS-USDC pool, so go check it out! Be sure to understand the risks and manage your collateral to avoid liquidation. - **MANGO**: Finally we have [some details about MNGO token](https://token.mango.markets/?ref=dexplain.com) which will primarily govern Mango DAO and incentivize liquidity on the platform. The token sale is scheduled for August 10th, expecting a lot of attention for this sale, so don’t be late. - **DINOX**: Blockchain gaming seems to be exploding with Axie Infinity’s success, this [multiplayer metaverse game with a dinosaur theme](https://dinox.io/?ref=dexplain.com) looks prime to follow AXS success. The native token is DNX. - **Yearn**: Released a spiritual guide called [The Blue Pill](https://twitter.com/iearnfinance/status/1420772966200135685?ref=dexplain.com), to celebrate their first anniversary. An origins story that includes rare NFTs created by [ZemmNFT](https://twitter.com/Zemm%5FNFT?ref=dexplain.com) to be claimed by 13,500 most loyal supporters. In the future, the book will be freely available to all. - **Synthetix**: Trading synths are [now available on Ethereum L2](https://twitter.com/synthetix%5Fio/status/1420805874633822208?ref=dexplain.com) via Optimism and [Chainlink](https://dexplain.com/understanding-chainlink-in-5-minutes/). This is an initial launch phase so not all assets are available, users will be able to trade sUSD, sBTC, sETH, and sLINK. - **Curve Finance**: Added [a new EUR-based stablecoin pool](https://twitter.com/CurveFinance/status/1421070631068741636?ref=dexplain.com) using Euro-pegged Tether tokens (EURt). Great news for European-based DeFi users who always feel rugged when swapping USD to EUR before cashout. Should have [some CRV rewards in the future on this pool](https://dexplain.com/what-is-curve-finance-and-crv/) also. - **Anyswap**: Launched [support for OKExChain](https://twitter.com/AnyswapNetwork/status/1421053998333759492?ref=dexplain.com), meaning users now have a very friendly bridge to hop across any EVM network. Should mean we see some fresh DeFi protocols launching with potentially OKEx as backers/support? --- ## NFT Spotlight Be sure to check the listing to view the digital crypto artwork in its full glory, as some art is animated or contains audio. ![](https://dexplain.com/content/images/2021/12/mind-regulators.webp) **THE MIND REGULATOR** *The mind regulator exists to control thoughts. Since its inception, any thoughts that are classified as impure by the ABSOLUTE (the governing A.I. body), are eradicated using a precision brain wave technology…* - Where to bid? [MakersPlace](https://makersplace.com/thecoinman/the-mind-regulator-1-of-1-34750/?ref=dexplain.com) or [Opensea](https://opensea.io/assets/0x2a46f2ffd99e19a89476e2f62270e0a35bbf0756/31214?ref=0x5cE9f7032953d8E3f3D98f508C1b9B489Ee621Db). - Artist: [Vachemorte](https://twitter.com/vachemorte?ref=dexplain.com). --- ## NFT News - **Treeverse**: Don’t miss [this upcoming functional Metaverse](https://twitter.com/Loopifyyy/status/1420505058266034180?ref=dexplain.com), Treeverse Alpha Launch, NFT sale for founders plots are scheduled for 1st August. The platform aims to replace social media platforms such as Discord or Twitter and combine a gamifying experience powered by NFTs. - **Antimatter**: Announced [it will be using no](https://antimatterdefi.medium.com/announcing-non-fungible-finance-antimatter-nft-product-950482a3583?ref=dexplain.com)[n](https://antimatterdefi.medium.com/announcing-non-fungible-finance-antimatter-nft-product-950482a3583?ref=dexplain.com)[\-fungible tokens](https://antimatterdefi.medium.com/announcing-non-fungible-finance-antimatter-nft-product-950482a3583?ref=dexplain.com) tech for several products in the future, notably around creating decentralized index funds and liquidity lockers. A way back for MATTER token? - **Coca-Cola**: Will auction [a pack of four digital collectibles](https://cryptobriefing.com/coca-cola-first-nfts-ethereum-metaverse/?ref=dexplain.com) in the Ethereum metaverse to commemorate International Friendship Day. So the auction starts today and will end on August 2nd. Very cool! If it’s a success, we might see some more Coca-Cola NFTs in the future.