Shopify Integrates Solana Pay; Ethereum’s Declining ETH Supply; Mastercard Cuts Ties With Binance

The team breaks down the biggest news items of the week, including Solana Pay and Shopify teaming up. They also cover Centralised Exchanges Binance and FTX, with some troubling news.

Key Takeaways 

• Solana Pay integrated its plug-in with Shopify, allowing millions of businesses on its platform to use it for payments. Bullish
• The supply of ETH fell for the first time over a 12-month period, a deflationary year. Bullish
• Binance woes continue with MasterCard ending their partner card program with Binance. Refer to our BNB asset rating, Bearish
• Tornado cash founders have been charged with sanctions violations. Tornado cash is a privacy-preserving protocol. 
• FTX news: FTX may work with Galaxy Digital ( Mike Novogratz) to sell, hedge or stake its 3B in crypto assets. This may spell trouble for the cryptocurrency they own and deduce to sell.