GM Brew Crew, remember, the crypto market is like your local bodega that’s open 24/7. It may be Saturday, but we are still dancing. Let’s dive in.

On the menu today:

• BINANCE LEAVES CANADA, EH? 🇨🇦 

• BITCOIN DEVS ENTER A LOVE/HATE WITH ORDINALS 😡 

• COMING SOON 😏

Today’s Charts:

BINANCE LEAVES CANADA, EH? 🇨🇦 

The biggest cryptocurrency exchange in terms of volume stated that its departure was prompted by fresh directives concerning investor limits and stablecoins.

• In February, the CSA forbade Canadian crypto exchanges from permitting stablecoin deposits or purchases without prior approval, which would require passing CSA's due diligence checks.

• Binance has faced more regulatory scrutiny from North American authorities over the last year, resulting in reduced operations in the area.

• In March, OKX exited the Canadian market, and in April, dYdX, a decentralized exchange, and blockchain fintech Paxos followed suit.

BITCOIN DEVS ENTER A LOVE/HATE WITH ORDINALS 😡 

The excessive BRC-20 token creation via the Ordinals protocol congested the Bitcoin network, causing high transaction fees and sparking a debate among developers on how to control it.

• The bitcoin-dev mailing list, where discussions about Bitcoin development take place, is the stage for the ongoing debate. There is a split of opinion on whether more drastic measures should be taken to control the abrupt increase in BRC-20 mints.

• Starting on March 14th, 300 tokens have been produced, with a few having a total supply of 420 quadrillion. This week, the overall market capitalization of BRC-20 tokens approached $1 billion

• According to Ali Sherief, a member of the BTC mailing list, these tokens hold no actual value and jeopardize the smooth and ordinary functioning of the Bitcoin network. Meanwhile others are more excited for the innovation ⬇️.

COMING SOON 😏

A few updates to keep on your radar in the coming weeks ahead…

• ⬇️ We are currently working on a special document ⬇️

• The Crypto Compass: Navigating the World of Digital Assets

• This document will outline the most important topics in the crypto space in a clear and concise way that is easy to understand.

• This document will be a part of our referrals program. In other words, if you refer a certain amount of people, then you will get access to this document.

• If you want certain topics in the doc, answer the poll at the end of the newsletter and leave a comment of what topic you are interested in.

Special Blend: Morning Meme Roast

As the CryptoBrew Daily comes to a close, we invite you to join us on Twitter for more crypto chat. Think of it as a chill gathering of like-minded folks, minus Chad talking about his 1-rep deadlift max and your tipsy uncle who always shares TMI stories. Let’s keep the crypto conversation going!

***DISCLAIMER: Please note that the information provided in this newsletter is for educational purposes only and is not intended to be construed as financial advice or a solicitation to buy or sell any assets. We urge you to exercise caution and conduct your own research before making any financial decisions.