🇺🇸 US House passes market structure bill to regulate the crypto industry
The U.S. House of Representatives passed a crypto market structure bill that aims to regulate the industry at large, marking the first time comprehensive crypto legislation has been voted on in the full House. The House voted 279 to 136 on Wednesday to pass the Republican-led Financial Innovation and Technology for the 21st Century Act, also known as FIT21. Seventy-one Democrats voted in support of the bill, including former Speaker of the House Rep. Nancy Pelosi of California.
Source
https://t.me/CryptoMarketTime
The U.S. House of Representatives passed a crypto market structure bill that aims to regulate the industry at large, marking the first time comprehensive crypto legislation has been voted on in the full House. The House voted 279 to 136 on Wednesday to pass the Republican-led Financial Innovation and Technology for the 21st Century Act, also known as FIT21. Seventy-one Democrats voted in support of the bill, including former Speaker of the House Rep. Nancy Pelosi of California.
Source
https://t.me/CryptoMarketTime
📣 Grayscale launches two new trusts investing in NEAR and STX
Crypto asset manager Grayscale Investments launched two new investment trusts for diversified crypto exposure. Grayscale Near Trust and Grayscale Stacks Trust opened on May 23, allowing individual and institutional accredited investors to access daily subscriptions. One trust is exclusively invested in NEAR, which supports the Near Protocol, while the other trust is exclusively invested in STX, which is part of the Bitcoin Layer 2 Stacks, according to a Thursday release.
Source
https://t.me/CryptoMarketTime
Crypto asset manager Grayscale Investments launched two new investment trusts for diversified crypto exposure. Grayscale Near Trust and Grayscale Stacks Trust opened on May 23, allowing individual and institutional accredited investors to access daily subscriptions. One trust is exclusively invested in NEAR, which supports the Near Protocol, while the other trust is exclusively invested in STX, which is part of the Bitcoin Layer 2 Stacks, according to a Thursday release.
Source
https://t.me/CryptoMarketTime
🇺🇸 SEC approves 8 🪙 Ethereum ETFs including BlackRock and Fidelity
The U.S. Securities and Exchange Commission approved eight spot Ethereum ETFs in an ominbus order, confirming a last-minute scramble to get them through. The SEC approved 19b-4 forms for the ETFs from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton. While the forms have been approved, the ETF issuers need to have their S-1 registration statements go effective before trading can begin.
Source
https://t.me/CryptoMarketTime
The U.S. Securities and Exchange Commission approved eight spot Ethereum ETFs in an ominbus order, confirming a last-minute scramble to get them through. The SEC approved 19b-4 forms for the ETFs from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton. While the forms have been approved, the ETF issuers need to have their S-1 registration statements go effective before trading can begin.
Source
https://t.me/CryptoMarketTime
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OKX announced it has withdrawn its VASP license application in Hong Kong on Friday. In a statement, the crypto exchange cited “careful consideration” of its business strategy as the motivation for the decision without elaborating further on the reasons why. OKX was unable to expand on the statement when asked by The Block.
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https://t.me/CryptoMarketTime
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🇺🇸 Donald Trump declares US must not settle for ‘second place’ in crypto industry
The United States must not settle for anything but top place in the cryptocurrency industry, according to former U.S. president Donald Trump. “I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry,” he claimed, before taking aim at the current president, Joe Biden, whom he is up against in the 2024 presidential race, with the US election day scheduled on November 4.
Source
https://t.me/CryptoMarketTime
The United States must not settle for anything but top place in the cryptocurrency industry, according to former U.S. president Donald Trump. “I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry,” he claimed, before taking aim at the current president, Joe Biden, whom he is up against in the 2024 presidential race, with the US election day scheduled on November 4.
Source
https://t.me/CryptoMarketTime
The report suggests that the net short status represents a broader sentiment among hedge funds, which might be driven by various hedging strategies rather than outright pessimism about the cryptocurrencies’ future values. Kaiko’s study highlights this trend as the derivatives market, particularly perpetual futures, continues to be a significant arena for high-risk speculation and price discovery in the crypto sector.
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https://t.me/CryptoMarketTime
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The price of ether is rallying toward the $4,000 mark just days after eight Ethereum exchange-traded funds (ETFs) were approved and ahead of their pending launches. Ether has risen to its current value of $3,932, up around 3.4% over the last 24 hours, and up 35% over the last fortnite, according to The Block's Price Page. It was last above the $4,000 mark in March.
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https://t.me/CryptoMarketTime
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🇺🇸 Crypto wallet linked to Donald Trump hits $10 million in value: Arkham
A crypto wallet linked to former President and leading Republican presidential candidate Donald Trump holds around $10 million worth of assets. The wallet holds $7.12 million worth of MAGA tokens, known by its ticker, according to blockchain data tracker Arkham Intelligence. The MAGA tokens were originally puchased with wrapped ether on Uniswap, Arkham noted. The wallet also holds 463.441 ETH ($1.84 million) and 1 million tokens of MAGA VP (MVP) valued at around $509,000.
Source
https://t.me/CryptoMarketTime
A crypto wallet linked to former President and leading Republican presidential candidate Donald Trump holds around $10 million worth of assets. The wallet holds $7.12 million worth of MAGA tokens, known by its ticker, according to blockchain data tracker Arkham Intelligence. The MAGA tokens were originally puchased with wrapped ether on Uniswap, Arkham noted. The wallet also holds 463.441 ETH ($1.84 million) and 1 million tokens of MAGA VP (MVP) valued at around $509,000.
Source
https://t.me/CryptoMarketTime
Data from Coinglass shows that Ethereum has experienced a remarkable surge in May, rising nearly 30% with a few days remaining. This marks Ethereum’s best monthly performance since February when it jumped 46%. This recovery is significant, especially considering the 17% drop it faced in April. A key factor in May’s rebound is the approval of the Ethereum ETF 19-b filings, which has bolstered investor confidence. Historical data from Coinglass indicates that May is typically Ethereum’s strongest month, with an average gain of 31%.
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https://t.me/CryptoMarketTime
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🇯🇵 Metaplanet to invest additional ¥250 million in Bitcoin amid staggering stock growth
Japan-based Metaplanet has announced plans to purchase an additional ¥250 million (approximately $1.6 million) worth of Bitcoin. The move has been approved by the company’s board and continues Metaplanet’s aggressive Bitcoin acquisition strategy. Once this purchase is completed, Metaplanet’s Bitcoin holdings will increase significantly from its current 117.72 BTC — valued at ¥1.2 billion ($7.7 million).
Source
https://t.me/CryptoMarketTime
Japan-based Metaplanet has announced plans to purchase an additional ¥250 million (approximately $1.6 million) worth of Bitcoin. The move has been approved by the company’s board and continues Metaplanet’s aggressive Bitcoin acquisition strategy. Once this purchase is completed, Metaplanet’s Bitcoin holdings will increase significantly from its current 117.72 BTC — valued at ¥1.2 billion ($7.7 million).
Source
https://t.me/CryptoMarketTime
📣 Mastercard launches P2P crypto network, vanity address system
Mastercard is launching a peer-to-peer platform for cryptocurrency users in Europe and Latin America. The Mastercard Crypto Credential network, which is in pilot mode, supports transactions on Bit2Me, Lirium and Mercado Bitcoin exchanges, enabling cross-border payments across the Atlantic, Mastercard said Wednesday in a statement. The P2P platform’s rollout forms part of the payments company's push to leverage digital assets for cross-border payments, a growing payments services sector.
Source
https://t.me/CryptoMarketTime
Mastercard is launching a peer-to-peer platform for cryptocurrency users in Europe and Latin America. The Mastercard Crypto Credential network, which is in pilot mode, supports transactions on Bit2Me, Lirium and Mercado Bitcoin exchanges, enabling cross-border payments across the Atlantic, Mastercard said Wednesday in a statement. The P2P platform’s rollout forms part of the payments company's push to leverage digital assets for cross-border payments, a growing payments services sector.
Source
https://t.me/CryptoMarketTime
BlackRock filed an amended registration statement for its proposed Ethereum fund, marking the latest move as firms work to list and trade their products. The world's largest asset manager filed its amended S-1 registration statement almost a week after the U.S. Securities and Exchange Commission approved 19b-4 forms for eight Ethereum ETFs, including BlackRock's proposed iShares Ethereum Trust. Issuers still need their S-1 statements to become effective before trading can begin.
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https://t.me/CryptoMarketTime
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Terraform Labs and its co-founder Do Kwon have "reached a settlement in principle," with the U.S. Securities Exchange Commission, according to a court entry. A telephone conference, which was not recorded, was held on Wednesday and a previously planned oral argument set for May 29 had been canceled, according to an entry filed on Thursday.
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https://t.me/CryptoMarketTime
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The largest cluster of open interest for ether options is currently $5,000 calls for the end-of-June expiry — indicating a bullish outlook with traders using call spreads between $4,000 and $5,000 to position for potential price rises, analysts said. "When we examine derivatives data, we notice that the highest open interest for ether is currently in the June $5,000-call option," SynFutures co-founder Rachel Lin told The Block.
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https://t.me/CryptoMarketTime
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European Bitcoin exchange-traded products are losing big this year after competition ramped up overseas in the form of United States-based competitors. Data from Morningstar shows that European Bitcoin funds have suffered over $500 million in net outflows since January, despite the rising demand for Bitcoin itself during that time. However, those same ETFs have also brought in unprecedented competition, creating “a new fee environment in Europe” that’s forced European issuers to lower their fees.
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https://t.me/CryptoMarketTime
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Ex-Binance boss Changpeng Zhao (CZ) is now beginning his prison sentence after admitting guilt to charges related to facilitating money laundering through the cryptocurrency exchange he established. CNBC has verified through discussions with CZ’s legal team at Latham & Watkins that the former head of Binance has departed to serve his sentence at the federal prison known as FCI Lompoc in Lompoc, California.
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https://t.me/CryptoMarketTime
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📊 Ethena's 'synthetic dollar' USDe crosses $3 billion supply just four months after launch
Ethena Labs USDe stablecoin, also known as a 'synthetic dollar' which maintains its peg through arbitrage mechanics and a yield-returning cash-and-carry trade, has reached a supply of $3 billion tokens just four months following its public launch in February. Now, it's on track to challenge DAI as the largest algorithmic or decentralized stablecoin, though it'll have to add another $2 billion in supply to get there, according to data from The Block.
Source
https://t.me/CryptoMarketTime
Ethena Labs USDe stablecoin, also known as a 'synthetic dollar' which maintains its peg through arbitrage mechanics and a yield-returning cash-and-carry trade, has reached a supply of $3 billion tokens just four months following its public launch in February. Now, it's on track to challenge DAI as the largest algorithmic or decentralized stablecoin, though it'll have to add another $2 billion in supply to get there, according to data from The Block.
Source
https://t.me/CryptoMarketTime
🇳🇬 Nigeria’s interest in Bitcoin unfazed by regulatory restrictions
Despite President Tinubu’s administration’s crackdown on peer-to-peer (P2P) cryptocurrency trading, which has sparked outrage among many young Nigerians, their enthusiasm for Bitcoin remains unabated. According to Google Trends statistics, Nigeria, Africa’s largest cryptocurrency market, is currently the country with the highest interest in Bitcoin (BTC), followed closely by El Salvador.
Source
https://t.me/CryptoMarketTime
Despite President Tinubu’s administration’s crackdown on peer-to-peer (P2P) cryptocurrency trading, which has sparked outrage among many young Nigerians, their enthusiasm for Bitcoin remains unabated. According to Google Trends statistics, Nigeria, Africa’s largest cryptocurrency market, is currently the country with the highest interest in Bitcoin (BTC), followed closely by El Salvador.
Source
https://t.me/CryptoMarketTime
The current levels of implied volatility for bitcoin and ether options — a measure of expected future price movement — indicate that traders expect the market to be relatively calm over the coming weeks, analysts said. "Implied volatility rank is 40 and implied volatility percentile is 52, both mid-level indicators which show the market is not expecting a lot of activity," Luuk Strijers told The Block.
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https://t.me/CryptoMarketTime
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