This week’s Crypto Business explains how concerns about the banking system have an affect on the crypto industry as well as the most recent advancements in global crypto acceptance. Bitcoin rises, OKX leaves Canada, Mastercard allows USDC on its network, and MetaMask has teamed up with MoonPay to allow for direct cryptocurrency purchases in Nigeria. Decentralized finance (DeFi) and traditional finance are continue to converge despite the turbulence in the world’s banks and regulatory crackdowns. Due to “new restrictions,” OKX will discontinue operations in Canada by June 22, 2023, and will close any open positions in options, margins, perpetuals, and futures contracts by that date. CEO of ARK Invest Cathie Wood anticipates that most companies would allocate between 2.5% and 6.5% of their investment portfolios to BTC by 2030. She believes that the financial crisis increase will draw more institutional investors towards Bitcoin. News Sorce

The top 2,000 Ethereum whales have acquired 56 trillion Shiba Inu ($SHIB) tokens, totaling over $600 million. This makes Shiba Inu ($SHIB) the largest cryptocurrency holding among them. Shibarium is a layer-2 network that aims to make it possible for SHIB and other tokens in its ecosystem to transact quickly and cheaply. Voyager Digital, a defunct cryptocurrency lender that just delivered trillions of tokens to the Coinbase, a Nasdaq-listed cryptocurrency exchange, has been pressuring SHIB to sell. News Sorce

One of today’s top gainers is Monero (XMR), whose prices have reached a four-week high. The price of XRP, formerly known as ripple, continued to fall on Friday as investors sought to profit on recent highs. The 14-day relative strength index (RSI) is currently tracking at 57.31 after colliding with a ceiling at 58.00. Bulls refused a breakout from a floor of $0.4250 despite the decline in sentiment, and XRP is currently trading at $160.65. News Sorce