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🗞 Catch up on the news over the last 24 hours!
🇺🇸The GENIUS Act has passed the motion to invoke cloture with a 66-32 vote.
🚨The DOJ is investigating Coinbase data breach, per Bloomberg.
⚡️Ripple CEO Brad Garlinghouse says Senator Cynthia Lummis canceled their meeting without rescheduling.
🚨 Jim Cramer says he always favored gold and insurance against excessive government borrowing and now adds Bitcoin into the list.
⚡️ Circle is pursuing IPO plans while simultaneously in talks with Ripple and Coinbase about potential acquisition, per Fortune.
🇺🇸 The SEC has delayed decision on 21Shares, Bitwise, VanEck and Canary Capital spot #Solana ETF proposal.
📊 Ethereum's supply on exchanges has dropped below 4.9% for the first time in history, while Bitcoin's exchange supply is down to 7.1% the lowest since November 2018.
🇺🇸 ETF FLOWS: Around 6,270 $BTC and 5,490 $ETH were bought on May 19.
📊 Fidelity scoops up 1,790 $BTC worth $188M.
⚡️ Genesis sues DCG and Barry Silbert to claw back $3.3B, alleging fraud, insider enrichment, and concealed fund transfers before bankruptcy.
🔥 Binance files to dismiss FTX’s $1.76B lawsuit, calling claims frivolous and arguing U.S. courts lack jurisdiction.
🇪🇺 Kraken wins EU license via Cyprus deal, bringing regulated crypto derivatives trading to all 27 member states.
🔥 Robinhood submits SEC proposal to regulate tokenized real-world assets, aiming to bring Wall Street onchain and unlock a $30T market.
🚨 Standard Chartered’s Geoff Kendrick says SEC 13F filings show rising exposure to Bitcoin via proxies like Strategy, supporting a $500K $BTC target by end-2028.
⚡️ Elon Musk says he is moving forward with his lawsuit against OpenAI.
🚨 Ethereum cofounder Jeffrey Wilcke sent $262M in $ETH to Kraken, per Arkham data.
🇦🇷 President Milei shuts down Argentina’s unit probing the $LIBRA crypto scandal.
📊 Jeffrey Wilcke appears to have withdrawn 105,737 $ETH from Kraken via 8 new wallets, just an hour after depositing the same amount, per Arkham data.
🔥 The top 85 companies collectively hold over 800,000 $BTC on their balance sheets.
⚡️ $1 Trillion asset manager Blackstone has revealed they own 23,094 shares of BlackRock’s Bitcoin ETF ($IBIT) as of March 31.
📈 Fidelity’s Jurrien Timmer says #Bitcoin may be replacing gold again as $BTC breaks $100K, favoring a 4:1 gold-to-BTC allocation.
🇺🇸 Texas House advances Strategic Bitcoin Reserve bill (SB 21) on second reading, moving it one step closer to becoming law.
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⚡️ NEW: $1 Trillion asset manager Blackstone has revealed they own 23,094 shares of BlackRock’s Bitcoin ETF ($IBIT) as of March 31.
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🇪🇺 NEW: Kraken wins EU license via Cyprus deal, bringing regulated crypto derivatives trading to all 27 member states.
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🇺🇸 JUST IN: Former SEC Commissioner Paul Atkins criticizes the agency’s crypto approach as hostile and unclear, urging it to embrace innovation instead of stifling it.
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🇺🇸 BREAKING: White House says Trump disagrees with Moody’s downgrade of US credit rating.
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📊 NEW: Over 1M ETH withdrawn from exchanges in a month, 5.5% of supply.
Post-Pectra, users appear to be accumulating, not trading.
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🇵🇦 NEW: Panama City mayor hints at creating a BTC reserve after meeting El Salvador's leaders.
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🇺🇸 LATEST: The DOJ charges 12 additional defendants in RICO conspiracy involving $263 million cryptocurrency thefts, money laundering, and home break-ins.
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🔥 NEW: Metamask co-founder confirms native $SOL support is coming this May.
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🔥 BULLISH: Mastercard teams up with MoonPay to launch global stablecoin cards, enabling crypto payments at 150M merchants worldwide.
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🇦🇪 TODAY: Ripple held talks with UAE officials to explore digital payment infrastructure and boost financial innovation.
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🔥 LATEST: Tether bought 4,812 #Bitcoin worth $459M for Twenty One Capital.
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🇺🇸 JUST IN: Senator Cynthia Lummis calls on the U.S. Treasury to eliminate taxes on Digital Asset companies.
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🗞 Catch up on the news over the last 24 hours!
🚨 Microsoft and OpenAI renegotiating investment deal, with Microsoft potentially giving up a portion of its equity for continued OpenAI model access beyond 2030, per FT.
🔥 Conor McGregor to meet El Salvador's President Nayib Bukele to discuss building a Strategic Bitcoin Reserve in Ireland.
⚡️ Coinbase considered adopting a Saylor-like Bitcoin investment strategy multiple times since 2012 but opted out each time, according to Bloomberg.
🔥Metaplanet bought 1,241 $BTC worth $126.7M, totalling to 6,796 $BTC on its balance sheet.
🇺🇸The SEC Crypto Task Force roundtable will discuss tokenization at 1.00 PM ET with panelists from BlackRock, Fidelity, Nasdaq and more.
🚨US cuts tariffs from 145% to 30% on Chinese imports, while China reduces duties from 125% to 10% on US goods. Both countries announce 90-day temporary reduction to cool trade tensions.
🚨BlackRock’s $IBIT bought 10,572 Bitcoin this week while only 3,150 were mined on average.
🇺🇸 Northern Mariana Islands Senate overrides governor's veto of stablecoin bill, giving it a second chance.
🇺🇸 US Treasury Secretary Bessent says “we want a decoupling with China for strategic necessities” in a CNBC interview.
🚨 BlackRock files to allow in-kind redemptions for its Ethereum Trust, enabling direct $ETH buybacks.
🔥Strategy acquires 13,390 $BTC for $1.34B, raising total holdings to 568,840 $BTC worth $39.41B at an average of $69,287 per coin.
🚨 SEC Chair Paul Atkins calls it a “new day” at the agency, ending enforcement-first tactics and pledging fit-for-purpose crypto rules.
🇺🇸 SEC Commissioner Hester Peirce makes the case for better crypto regulation: “Tokenization cannot reach its full potential without legal clarity."
🚨 Over $215,000,000 has been liquidated from the crypto market in the last 60 minutes.
🇺🇸 ADIN ROSS: “I think Ethereum is going to hit 5k.” Adin Ross has previously claimed he put $10,000,000 into $ETH.
🚨 American Bitcoin announces go-public merger with Nasdaq-listed Gryphon Digital Mining, aiming to become a leading vehicle for large-scale $BTC accumulation under the ticker ABTC.
🚨 Coinbase ($COIN) is set to join the S&P 500.
🔥 Coinbase CEO Brian Armstrong declares “Coinbase just became the first and only crypto company to join the S&P 500.”
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🚨UPDATE: BlackRock’s $IBIT bought 10,572 Bitcoin this week while only 3,150 were mined on average.
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🇺🇸 WATCH: Texas House advances Strategic Bitcoin Reserve bill (SB 21) on second reading, moving it one step closer to becoming law.
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🚨 LATEST: The DOJ is investigating Coinbase data breach, per Bloomberg.
The company's CLO Paul Grewal says they're cooperating with US and international law enforcement agencies for the investigation.
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🇺🇸 JUST IN: SEC Commissioner Hester Peirce says most existing crypto assets are not securities and urges a clear, workable regulatory framework to replace the agency’s past enforcement-driven approach.
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🇦🇪 JUST IN: Dubai's VARA gives VASPs until June 19 to comply with new crypto rules, tightening leverage limits, standardizing key terms, and boosting oversight across all licensed activities.
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🔥 BREAKING: BTC's market cap crosses $2.1T.
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🇺🇸 TODAY: President Trump says US will set tariff rates for trading partners within weeks.
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🇺🇸 JUST IN: Judge Torres denies motion for indicative ruling in SEC vs. Ripple case, Ripple’s CLO says they’re working with the SEC to resolve and revisit the issue together.
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🔥 LATEST: $BTC dominance dips from 64.4% to 61.6%, while $ETH rises to 9.75% (+3%) and alts climb to 22.35% (+2%).
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🇧🇭LATEST: Abraaj becomes the first public company in the Middle East to adopt a Bitcoin treasury strategy.
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🔥 BULLISH: 100,000 $BTC has been moved off exchanges in the past 3 weeks.
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🗞 Catch up on the news over the last 24 hours!
🔥 Metaplanet issues $15 million in 0% bonds to buy more #Bitcoin.
🇦🇪 Dubai Finance signs MoU with Crypto. com to enable cryptocurrency payments for its government fees.
🚨 The US government recommends 2-year prison sentence for Eric Council Jr., who helped post a fake message on SEC's X account announcing approval of Bitcoin ETFs in January 2024.
⚡️ Nasdaq-listed GD Culture Group secures $300M funding commitment to establish a crypto reserve of $BTC and $TRUMP.
🚨 Animoca Brands plans US listing as its Executive Chairman Yat Siu says Trump's crypto-friendly regulations create 'unique moment' for market entry, per FT.
🇧🇹 Bhutan becomes the first country to fully integrate crypto into tourism, partnering with Binance Pay to accept 100+ cryptocurrencies for flights, hotels, visas, shopping & more.
🇺🇸 US inflation falls to 2.3%, lower than expectations.
🇸🇦 President Trump officially signs strategic economic partnership with Saudi Arabia while Saudi announces $600B investment commitment to USA.
⚡️Nvidia will supply 18,000 of its top-tier GB300 Blackwell AI chips to Saudi Arabia’s Humain as part of a Trump-led White House visit, powering a massive 500MW data center.
🇺🇸 Trump says the U.S. is imposing tariffs “at a level nobody's seen” in response to trade tensions.
🔥 Coinbase will join the S&P 500, becoming the first pure-play crypto firm in the index, with Bernstein estimating up to $9 billion in passive inflows.
🇺🇸 TRUMP: No inflation, prices are down across the board, and it’s time for the Fed to cut rates like Europe and China.
🇺🇸 Wyoming will launch $WYST, the first fully-reserved, fiat-backed stablecoin issued by a U.S. public entity.
🇹🇭 Thailand will issue $150M in G-Tokens, a new government-backed digital investment offering higher returns than bank deposits to test market demand.
🇺🇸 Senator Cynthia Lummis calls on the U.S. Treasury to eliminate taxes on Digital Asset companies.
⚡️ Bitcoin is featured on the front page of Steak N Shake’s website.
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🚨 LATEST: The US government recommends 2-year prison sentence for Eric Council Jr., who helped post a fake message on SEC's X account announcing approval of Bitcoin ETFs in January 2024.
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🚨 NEW: SEC Chair Paul Atkins calls it a “new day” at the agency, ending enforcement-first tactics and pledging fit-for-purpose crypto rules.
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🇺🇸 ETF UPDATE: 9.4K BTC ($920.9M) were bought last week, marking four weeks of inflows.
ETH saw a $38.2M outflow.
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