Shopify Integrates Solana Pay; Ethereum’s Declining ETH Supply; Mastercard Cuts Ties With Binance

Key Takeaways

• Solana Pay integrated its plug-in with Shopify, allowing millions of businesses on its platform to use it for payments. Bullish.
• The supply of ETH fell for the first time over a 12-month period, a deflationary year. Use ultrasound.money to track ETH suply. Bullish.
• More setbacks for Binance, after Mastercard dropped the exchange from its card program with Binance. Refer to our BNB asset rating and Nick’s recent article. Bearish.
• Tornado Cash (TORN) founders have been charged with sanctions violations. Tornado cash is a privacy-preserving protocol.
• FTX may work with Galaxy Digital to sell, hedge or stake its $3B worth of cryptocurrencies, possibly propping up sell-side pressure over the years ahead.