ChainCatcher news, according to CoinDesk, Binance's new CEO Richard Teng discussed various changes and plans for Binance in an interview. Teng stated that Binance is no longer in a "founder-led" model, but has transitioned to "a more decentralized company" led by a board of directors. Binance has introduced three independent directors and assembled an experienced executive team to manage daily operations. This shift aims to strengthen corporate governance in response to the increasingly stringent regulatory environment.Teng clearly stated that Binance currently has no plans for an IPO, as the company's financial situation is sound, having remained profitable since May 2017, and does not need to raise funds through an IPO or other financing methods. Additionally, Teng mentioned the challenges Binance faces in global compliance. He revealed that Binance currently holds 19 regulatory licenses worldwide, but still has to carefully weigh the impacts of various regulations and taxes in the absence of clear guidance. The situation regarding Binance's U.S. employees being detained in Nigeria is still ongoing. Teng indicated that Binance will not rush to return to the U.S. market but will cautiously assess changes in the regulatory environment.

ChainCatcher news, according to Bloomberg, informed sources revealed that London-based cryptocurrency custody firm Copper Technologies Ltd. is considering refocusing on the U.S. market in the event of a Trump victory.It is reported that Copper opened an office in New York in 2021 but withdrew from the U.S. the following year after a crash in digital asset prices. Copper founder Dmitry Tokarev stated in a statement, "I would be surprised to hear of any digital asset company that does not see the U.S. as a growth opportunity."

ChainCatcher news, the Solana ecosystem exchange Backpack announced on the X platform that it is officially entering the U.S. market and will provide services in 11 states. Backpack stated that the pace of entering the U.S. market may be relatively slow at the moment, and certain markets and Drop activities may not be available in the short term.

ChainCatcher news, according to Decrypt, Bitwise Chief Investment Officer Matt Hougan stated in an interview: "The launch of the ETF is like an IPO for Bitcoin in the U.S. market, sparking tremendous interest from traditional finance, exceeding my expectations." As the channels provided by Bitcoin continue to expand and more institutions enter the market, the demand for Bitcoin is expected to grow.However, he also mentioned some risks, including new regulations related to cryptocurrencies and whether there are any unmovable Bitcoin pools beyond the current supply. Nevertheless, Hougan believes that the current Bitcoin adoption provided by the ETF is likely to bring more returns through the opportunities it creates in the traditional financial sector.

ChainCatcher news, according to CoinGape, Ripple Payments plans to launch solutions specifically for the U.S. market after leaving it for three years. W. Oliver Segovia, Ripple's Head of Product Marketing, posted on LinkedIn that Ripple will introduce a series of product updates, which involve money transfer licenses (MTL) for most states in the U.S.Currently, about 90% of Ripple's business is outside the U.S., and the latest initiative may mark its plan to return to the U.S. market.

ChainCatcher message, according to The Block, the 7-day moving average of cryptocurrency trading volume has hit its lowest level since the beginning of the year, with $12.84 billion on May 17, a significant drop from the peak of over $46 billion in March. Volatility has also decreased, with the Bitcoin Volatility Index (BVIN) dropping from 96 on April 14 to 58.5 on May 17.According to Bloomberg, Jane Street is scaling back its crypto business for regulatory reasons, and its subsidiary Jump Crypto is exiting the U.S. market. (source link)

ChainCatcher news, Coinbase CEO Brian Armstrong assured shareholders during the Q1 earnings call that there are no plans to move the business out of the United States. Despite regulatory uncertainties in the U.S., the company is "100% committed" to the U.S. market in the long term.Armstrong mentioned that he believes Congress will soon pass a set of clear rules. While there is significant focus on expanding into international markets such as Canada, Brazil, and Singapore, the U.S. business remains its core operation. (Cointelegraph)

According to ChainCatcher, in an email sent to the company's creditors by sources and Vauld founder and CEO Darshan Bathija, the crypto lending platform Nexo has terminated its acquisition of Vauld.Sources indicate that the reasons for the termination include Vauld's significant losses in the Terra ecosystem, the seizure of its assets by Indian authorities, funds being stuck in the bankrupt cryptocurrency exchange FTX, and substantial receivables from Amber Group. Additionally, sources added that Vauld has many clients in the U.S., while Nexo recently announced plans to exit the U.S. market, making the potential deal meaningless for Nexo.Previously reported, in July of this year, Nexo had signed a non-binding term sheet with Vauld. Nexo was set to begin due diligence and planned to acquire up to 100% of Vauld's shares. (The Block)

ChainCatcher news, the crypto lending platform Nexo announced on Monday that it will stop offering products and services in the United States over the next few months, will immediately cease the use of its Earn Interest products in eight states, and will no longer sign contracts with any new U.S. customers for Earn products. However, Nexo has not yet provided a specific timeline for its overall withdrawal from the U.S.Nexo stated in a related blog post that it has been in negotiations with state and federal regulators in the U.S., and although regulators initially encouraged cooperation, recent events (such as the FTX collapse) have led these negotiations to a "deadlock." (source link)