Crypto Daily Report – June 3

body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightJune 3, 2022The crypto market is down 1.7% over the past 24 hours, shedding $21B in market cap and currently sitting at $1.22T. Over the past five days, BTC has been up about 3%, while it's down 21% over the past month. ETH has noticeably underperformed, being up less than 1% over the past five days while being down nearly 37% over the past month. As mentioned yesterday, this has caused Bitcoin dominance to reach a multi-month high.Japan's parliament passed legislation setting a legal framework for administering stablecoins. The legislation states that stablecoins may only be issued by banks and other established financial institutions. Stablecoins also must be redeemable at face value. The legislation follows a similar proposal by the US Federal Reserve to limit stablecoin issuance to federally insured banks.The New York State Senate has passed its Bitcoin mining moratorium, which would halt the approval of any new proof-of-work mining operations in the state. It would also stop the renewal of licenses to current min