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Latest crypto market insights twitter.com/cryptounfolded | ads.unfolded.io | contact: @nakamotocat

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New York AG announces $2 billion settlement with crypto lender Genesis — link | tl;dr

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Digital asset investment products saw inflows for the second week totalling $932m. The inflows were an immediate response to the CPI report, with the latter 3 trading days of the week making up 89% of the total flows — link

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Gemini Earn to begin returning customers' crypto by end of month as court approves Genesis bankruptcy — link | tl;dr

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Failed crypto firm Genesis won approval to repay creditors 3 billion, defeating challenge by parent DCG — link |archive

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According to 13F reporting, 937 professional firms were invested in U.S. spot Bitcoin ETFs as of March 31. In comparison, gold ETFs had 95 professional firms invested in their first quarter.

Retail owns a majority of the float. Professional investors held exposure of $11.06bn by the end of Q1, representing 18.7% of the BTC ETF AUM — link

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Futures exchange CME plans to launch spot Bitcoin trading — link | archive

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Millennium Management, Izzy Englander's fund, holds nearly $2 billion in spot Bitcoin ETF shares, 3% of their $64b fund; Paul Singer’s Elliott also among Bitcoin ETF holders— link | tl;dr |@EricBalchunas

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Crypto investment firm BlockTower Capital suffers losses in hack — link | archive

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Bitcoin’s 90-day correlation with US equities rose to 0.17 last week, after reaching a multi-year low of just 0.01 in March.

Overall, Bitcoin’s correlation with risk assets remains well below its bull market highs of over 0.6 — link

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Tornado Cash developer Alexey Pertsev found guilty of money laundering — link | tl;dr

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Digital asset investment products saw inflows for the first time in five weeks totalling $130m.

Regionally, the US saw the majority of inflows totalling $135m, with incumbent Grayscale seeing the lowest weekly outflows since January — link

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DOJ taps FRA over Sullivan & Cromwell for Binance's 3-year monitorship — link | tl;dr

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Grayscale parent Digital Currency Group reports $229M revenue for Q1 — link | tl;dr

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House votes to erase SEC crypto policy while President Biden vows veto — link | tl;dr

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Grayscale CEO Michael Sonnenshein steps down, names Goldman's Peter Mintzberg as new CEO — pr

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On May 17th, U.S. spot Bitcoin ETFs saw +$221.4m net inflows — link

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US Senate passes measure withdrawing SEC accounting bulletin — link | tl;dr

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Morgan Stanley discloses US spot Bitcoin ETF holdings worth over $270 million in filing — link | tl;dr

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On May 15th, U.S. spot Bitcoin ETFs saw +$303m net inflows — link

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Yesterday, U.S. spot Bitcoin ETFs saw $100.5m net inflows — link

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Vanguard said set to name Bitcoin-friendly ex-BlackRock exec as CEO: WSJ — link | tl;dr

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State of Wisconsin Investment Board bought $99m of iShares Bitcoin ETF — sec | coindesk

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CFTC issues order against crypto prime brokerage firm "Falcon Labs" for illegally providing U.S. customers access to digital asset derivatives trading platforms — cftc | theblock

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Coinbase can't force the SEC to write new rules, appeals court rules — link | tl;dr

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Binance, KuCoin win registration with India's Financial Intelligence Unit  — link | tl;dr

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BlockFi secures crypto withdrawal continuity through Coinbase — link

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Binance surveillance team found DWF Labs engaged in market manipulation, sources say — link

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Coinbase saw trade volume in Q1 more than doubled to $312 billion, with institutional volume increasing faster than retail, accounting for 82% share of the total — link

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