Good Day to you, my favorite DailyCoiners

What exciting adventures have you got planned for the weekend?

Let’s dive straight in today and find out what's occurring in the cryptosphere. 🌌

• 💰 Tether Mints Another Billion USDT

• ⚖️ EU Lawmakers Pull Ahead of US Counterparts

• 🤪 BitBoy Laughs in the Face of the Law

 Tether on a Minting Frenzy 

Late last night, stablecoin issuer Tether minted one billion USDT tokens.

I wish I could just mint more money at the click of a button! 💰

According to Tether CTO Paolo Ardoino, the minting represented an "inventory replenish." 

He added more complicated words like "an authorized but not issued transaction, meaning that this amount will be used as inventory for the next period [of] issuance requests and chain swaps."

Thanks, Paolo, that’s cleared it up…🙃

It is a commonly held belief that an increase in the supply of the largest stablecoin on Earth, USDT, has historically indicated an upward direction 📈 in which the price of bitcoin and the crypto market, as a whole, will trend.

Thank makes sense, right?Tether anticipates more people entering the market (upward trajectory), so there will be an increase in demand for USDT. I mean, why else would you just mint a billion dollars?

Crypto Europe Leaves Crypto US Behind

We all know that crypto regulation is coming, and most lawful citizens understand that this is needed for mass adoption to take hold.

However, in recent months we have seen some unions and countries start to move ahead of others. 🏃‍♀️

While things seem uncertain in the US currently, the European Union has just given final approval for the Markets in Crypto Assets (MiCA) regulatory framework.The primary goal of the MiCA is to protect consumers and investors from the growing risks of digital assets while also increasing financial stability within the entire crypto market.

The EU Parliament voted 517-38 in favor of MiCA.

The legislation on stablecoins is expected to come into effect as early as July 2024.

Many industry players have commented on the move.🗣️

Binance CEO CZ highlighted the EU’s move, arguing it gives more protection to consumers and fosters innovation of the asset class.

While the Coinbase head honcho, Brian Armstrong, urged American authorities to apply similar rules on the industry, suggesting the US might witness an outflow of companies and talent.He went further, hinting that his exchange could relocate should the situation remains unchanged.

BitBoy Risks Arrest for a Day at the Beach

Love him or hate him, BitBoy has no issue with speaking his mind.One has to wonder, though, that he may have overstepped the line this time!

Ben Armstrong, also known as “BitBoy Crypto,” deliberately missed a court appearance yesterday.

Federal judge Melissa Damian ordered it in response to the YouTuber’s alleged “harassment towards the plaintiff’s counsel” in a lawsuit involving several crypto influencers.

However, in true BitBoy style, Armstrong openly mocked the order on social media, instead tweeting pictures of himself on a beach in the Bahamas. 🏖️

Judge Damian warned Armstrong’s attorney (who did show up, as ordered) that she would issue a warrant for the YouTuber’s arrest if he failed to appear by April 24th. 

The harassment case against Armstrong moved forward without him, with the judge reportedly referring the matter to the FBI. 👮

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