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User activity has plunged after a hyped run-up to the start of the Runes protocol , which was expected by some to mirror Solana’s meme coin ecosystem.

Led by Fidelity’s FBTC, spot bitcoin exchange-traded funds in the United States saw nearly $66 million in spot inflows yesterday.

The U.K.’s expected election this year shouldn’t affect the country’s efforts to regulate cryptocurrency much, industry observers say.

Philippines’ central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso backed stablecoin called PHPC, the company said last week.

The exchange said in an X post that the team is working on a solution, adding: “Your funds are safe.”

The US SEC failed to follow its own guidelines pertaining to the Wells notice, Coinbase’s chief legal officer said.

Crypto OTC liquidity network Paradigm on Monday announced a block trading facility for linear options tied to MATIC, SOL and XRP. Trades facilitated by Paradigm will be submitted to Deribit for execution and clearing.

The crypto exchange’s website is currently unavailable and responds with a 503 error.

Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain and a token soon, and a points program starting Tuesday, to give global users a single-click mobile experience while traversing the Web3 space, its co-founders Neeraj Khandelwal and Sumit Gupta told CoinDesk in an interview.

LayerZero Labs CEO Bryan Pellegrino said that up to 100,000 addresses have self-reported themselves as airdrop sybils.