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Live markets: Crypto prices remain flat ahead of FOMC minutes, Nvidia earnings

Bitcoin is lower by more than 4% over the past week, but has remained in a very tight range around $77,000 for the last three days.
South Korean funeral company reveals $33 million loss on leveraged ether ETF bet

A Seoul-based funeral services firm disclosed tens of millions of dollars in unrealized losses tied to leveraged ether ETF investments.
Crypto campaign cash from Fairshake flooded Southern primaries, picked winners

The leading industry super PAC claimed a "6-0 sweep" in the primaries in Kentucky, Alabama and Georgia, though one big race awaits a runoff.
EU opens MiCA consultation to review if crypto framework is still fit for purpose

The European Commission is seeking feedback on whether the EU’s landmark crypto regulatory framework remains suitable as digital asset markets and global policies evolve.
Crypto Long & Short: Bitcoin-backed loans belong in the cost-of-capital conversation

In this week’s Crypto Long & Short Newsletter, Alec Beckman on why BTC-backed lending is not a crypto story, but a capital efficiency story. Then, Serena Sebastiani on how stablecoins aren’t a crypto product; they’re becoming the settlement infrastructure global finance forgot.
Why Trump's bitcoin ETF plans likely collapsed before getting off the ground

Trump Media withdrew its bitcoin ETF filing as analysts pointed to fee pressure, weak demand and fierce competition in the crowded spot bitcoin ETF market.
The Protocol: Ethereum Foundation's high-profile departures spark fresh debate

Also: Citi on quantum computing and bitcoin, Jump Crypto’s Firedancer, and Vitalik Buterin on AI verification
Crypto custody firm Copper is looking to sale the company for $500 million

Cantor Fitzgerald has been appointed to help with the sale, according to sources.
Latest Congressional swing at crypto tax reform would direct IRS to review de minimis exemptions

The newest version of the Parity Act updates language around payment stablecoins and directs the IRS to report on how a de minimis exemption might work.
Securitize remains in the red even as record quarter fuels public listing plans

The tokenization platform reported record quarterly revenue but continued to post losses as it invested in growth and public-company preparations tied to its merger with Cantor Equity Partners II.
Federal Reserve proposes limited master accounts long pursued by crypto firms

The U.S. Fed issued a revised proposal on the structure of payment accounts, taking the next step to build on an earlier pitch for so-called skinny accounts.
Bitcoin miners tied to AI rise as Nvidia posts big earnings beat and strong outlook

Nvidia's stronger-than-expected results and bullish AI outlook lifted crypto mining stocks tied to data center and high-performance computing demand, even as the chipmaker's shares fell due to growth concerns.
Polymarket moves to list parlays while SEC seeks public input on prediction market ETFs

The "combinatorial outcome contracts" would resolve if every part of an underlying contract resolved, according to a filing.
Here's why bitcoin turned lower from the 200-day average

BTC recently turned lower from the 200-day average, a barometer of long-term trends. CryptoQuant explains why.
Don't call us just a WLFI treasury company, says AI Financial

The company says it is building a broader fintech, tokenization and digital infrastructure business, but its latest SEC filing shows WLFI still dominates the balance sheet.
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Binance launches SpaceX pre-IPO perps amid $2 trillion valuation bets

Binance looks to democratize pre-IPO markets, starting with SpaceX perpetual futures.
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TradFi giant IG to expand crypto trading across Europe through Bitpanda

The London-listed company is broadening its digital asset offering after introducing spot crypto trading for U.K. retail customers last year.
A crypto whale has made a $224,000 bet that XRP's price stays perfectly flat through June

The trader collected about $224,500 in premiums and will keep the full amount if XRP remains close to $1.40.
HYPE leads crypto rebound as traders position for volatility breakout

Bitcoin and ether stabilized as derivatives activity rebounded, HYPE rose for a fifth straight day and options traders positioned for a breakout.
The $6 billion expiration countdown: Traders pile into $82,000 bitcoin calls ahead of May 29 expiry

Deribit’s bitcoin open interest has overtaken BlackRock’s IBIT as traders brace for a showdown between $75K max pain and $80K call positioning.