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Binance.US Announces Suspension of USD Deposits and Vitalik and Polygon Co-Founder Donate to COVID Research

Jun 9, 2023
Author
JB DeGroft
JB DeGroft
Market Update Crypto markets are up slightly on the day, $BTC has risen 0.54%, and $ETH has risen 0.15%. Interestingly, the ETH Dominance metric, a metric that measures Etheruem's market cap compared to the rest of the crypto market, has reached its highest levels since the Merge last year and at the peak of the 2021 bull market, indicating that Ethereum is extremely relatively strong to the rest of the market. Altcoins bounced today - $RNDR is up 3.93%, $LDO is up 2.97%, and $XRP is up 2.60%. XRP has been a standout the last couple weeks, performing well leading into its case with the SEC. Interestingly enough, the SEC has not mentioned XRP as a security in any of its recent lawsuits against Coinbase or Binance, despite mentioning several other coins and XRP being a high market cap coin listed on each exchange. Crypto continues to lag behind the equity markets, SPX and NDQ are up 0.47% and 0.82%, respectively. Vitalik Buterin, the creator of Ethereum, and Sandeep Nailwal, a co-founder of Polygon, have joined forces to allocate $100 million towards COVID-19 research and the enhancement of medical infrastructure in India. This charitable initiative seeks to tackle the enduring effects of the pandemic and strengthen healthcare systems. Of the total $100 million, $90 million is

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