Binance halted Bitcoin withdrawals twice while seeing the largest Bitcoin outflow. Bitcoin Network was congested. Crypto thriving during the banking crisis. China recognizes crypto to settle debts. Bitcoin is one of the truly scarce commodities.

Welcome to Daily Digest. We surface trending news in crypto-based on conversations found on Twitter, news publications, blog posts, and other social media, powered by the Coinfeeds platform.

Trending from yesterday 👍

1. Cash Apps’s quarterly Bitcoin sales approaching $2.2B, up 25% YoY

2. Montana Governor signs pro-crypto mining bill into law

3. Bitcoin drops with stocks as analyst warns of banking crisis ‘endgame’

News

Here are the trending news items over the last 24 hours. If you’d like to see even more updated news and trending news updated in real-time on our website.

Binance saw the largest Bitcoin outflow, with around $4.6B leaving the exchange. Binance later said it was internal wallets moving BTC around

Binance halted Bitcoin withdrawals twice and cites network congestion as the reason. With the outflows users saw on the chain, it sparked concerns

Bitcoin Network had almost 400k unconfirmed transactions and surging fees over the weekend

No wonder there are so many meme coins popping up when you can create one in less than 23 seconds

China recognizes the use of cryptocurrencies to settle debts

Bullish - Bitcoin is the only truly scarce commodity on Earth. Pump it

While it’s not what we want to see, it is the reason behind crypto’s existence as crypto sees adoption in the midst of the banking crisis

Florida is not going to work with CBDC’s

Coinfeeds Reddit Bot Top 3 Stories

1. Bitcoin Network overwhelmed with 390,000 unconfirmed transactions and surging fees

2. Liechtenstein intends to enable Bitcoin as a payment method for Government services

3. The risks and rewards of participating in crypto airdrops

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