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

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White House opposes FIT21 but says it's 'eager to work with Congress' on balanced framework for digital assets — link | tl;dr

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The share of Bitcoin traded during US hours (13H-20H UTC time) reached an all-time high in 2024, accounting for 46% of the cumulative volume in April. The data suggests this could be linked to the launch of the spot ETFs in January — link

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Trump campaign now accepting crypto — link

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Upcoming spot Ethereum ETF deadlines — link

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new ฿ daily high: $70,121

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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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SEC Chair Gary Gensler denounces crypto market bill ahead of House vote — link | tl;dr

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Coinbase to launch gold and oil futures trading — link | tl;dr

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Fidelity amends spot Ethereum ETF S-1 filing, states the trust's Ether "will not be staked" — sec

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SEC asks exchanges to update 19b-4 filings on an accelerated basis for spot Ether ETFs — link | coindesk

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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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