Binance KAS/USDT's perpetual trading volume surged 17 times within 10 minutes, with a turnover of 24.27 million US dollars in the past 24 hours, a decrease of 7.53%.
A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.
According to Money Today, the Digital Asset Exchange Alliance (DAXA), a cryptocurrency advisory group composed of the five major local exchanges in South Korea, clarified in a statement on May 15th that the alliance does not determine which tokens its member exchanges list or delist. This statement seems to be in response to the recent controversy surrounding Bithumb, Coinone, Korbit, and Gopax's second decision to delist the WEMIX token. DAXA emphasizes that each exchange has the autonomy to decide on the listing and delisting of tokens to ensure effective protection of customer interests, and adds that unless there are special circumstances, multiple court rulings have confirmed this principle.
According to CoinDesk, Caroline Pham, the acting chairman of the US Commodity Futures Trading Commission (CFTC), plans to resign after the new chairman takes office. Republican commissioner Summer Mersinger has previously confirmed that she will become the CEO of the Blockchain Association in June. If both of them resign at the same time, the CFTC will only have Democratic commissioner Kristin Johnson and potential new chairman Brian Quintenz left, forming a 1:1 party ratio (rather than majority control).
Quintenz previously served as the policy leader of a16z, and if he takes office, it may affect the policy direction of CFTC. At present, the Congress is considering a bill to expand the regulatory authority of the CFTC over cryptocurrencies, and the insufficient number of commissioners may affect the legislative process. The normal staffing of CFTC should consist of 5 members, including 3 majority party members and 2 minority party members. After Mersinger's resignation, he will serve as the CEO of the Blockchain Association, which mainly promotes policies related to cryptocurrency. During Pham's tenure, he advocated for adjusting the regulatory approach of the CFTC and reducing enforcement actions in the cryptocurrency sector. Recently, the Trump administration has continued to adjust personnel arrangements for federal regulatory agencies and has replaced several officials appointed by the Democratic Party.
According to BlockBeats, on May 15th, according to Lookonchain monitoring, a wallet that may be associated with DeFiance Capital has deposited 9.3 million LDOs (worth $10.1 million) into Binance, OKX, Bybit, and Gateio in the past two days.
