Bitcoin ETFs reach milestone of 1 million bitcoins held
For the first time, Bitcoin ETFs worldwide have surpassed the
milestone of 1 million bitcoins held, according to Bold.report. US
ETFs lead, with the Grayscale ETF (AMEX:GBTC) holding around
292,000 BTC. Following are BlackRock (NASDAQ:IBIT) and Fidelity
(AMEX:FBTC), with significant recent transaction volumes,
consolidating the growing influence of these investment vehicles in
the cryptocurrency market.
Experts debate the impact of Ether ETFs approval
The US SEC has approved spot Ether ETFs, sparking a debate among
experts on X. Bloomberg analyst Eric Balchunas predicts a lower
initial adoption compared to Bitcoin ETFs. Meanwhile, Matthew Sigel
from VanEck discusses robust investment strategies for Ethereum.
Yat Siu highlights the possible global repercussions, emphasizing
that the US will not accept a secondary role in the crypto
race.
In the past 24 hours, the price of Ethereum (COIN:ETHUSD) is
nearing the $4,000 mark, rising 2.7%. Ethereum’s DeFi ecosystem
also saw growth, indicating strong investor optimism about the
future of Ethereum-based assets.
Trader earns $2.7 million in just three days with MAGA token
A cryptocurrency trader made an impressive profit of $2.7
million in just three days by trading the meme token MAGA. Using
the identity “0x303,” the trader invested over half a million
dollars and achieved a return of over 500% the invested amount,
capitalizing on bullish movements following pro-crypto comments
from Donald Trump. Experts debate whether insider information was
used or if it was just advanced trading strategies.
Trader loses over $1 million in memecoin after exploit
A cryptocurrency trader saw his initial investment of over $1
million in NormieCoin plummet to just $150. The loss occurred after
a smart contract exploit that crashed the memecoin’s market
capitalization by millions. The Normie team is negotiating the
return of 90% of the stolen tokens to try to recover the losses of
the affected investors.
Caitlyn Jenner launches her own crypto token and sparks debate
Caitlyn Jenner, known for her Olympic achievements and ties to
the Kardashian-Jenner family, launched her own crypto token,
JENNER, causing a stir on social media. After announcing the
project on her X and Instagram accounts, debates and suspicions
arose due to recent similar hacks involving celebrities. Despite
assurances from her manager, Sophia Hutchins, that the promotions
are authentic and the accounts secure, the crypto community remains
skeptical about the legitimacy and security of the token.
Aptos sets record with 115 million transactions in one day
The Aptos blockchain set a new record by processing 115.4
million transactions in just one day, surpassing the previous
record held by the Sui Network and the 31.7 million mark of Solana.
This activity spike, highlighted on Aptoscan, was driven by the
launch of the game Tapos Cat, which alone generated 10 million
transactions. This event reflects the platform’s scalability and
growing usage, solidifying Aptos as a serious competitor in the
cryptocurrency space.
Ethereum rollup Taiko launched on mainnet with support from Vitalik
Buterin
Taiko, the long-awaited Ethereum-based rollup, was officially
launched on the mainnet, marking a milestone in blockchain
development that started in 2022. Vitalik Buterin, co-founder of
Ethereum (COIN:ETHUSD), proposed the inaugural block, honoring the
project’s key contributors. Taiko promises to enhance Ethereum’s
scalability and security through a multisig approach and innovative
zero-knowledge proofs.
Joe Biden faces crucial decision on SEC crypto rules
President Joe Biden faces an imminent deadline to decide whether
to veto the congressional resolution overturning the SEC’s
cryptocurrency regulations, known as SAB 121. Despite initial veto
threats from the White House, both the House of Representatives and
the Senate passed the resolution. Biden has until June 3 to act,
potentially signing, vetoing, or letting the resolution become law
by inaction, in a move that will define the future regulatory
landscape for cryptocurrencies in the US.
Nomura and GMO Internet Group partner to explore stablecoin
issuance in Japan
Nomura, along with its subsidiary Laser Digital, and Japan’s GMO
Internet Group announced a partnership to explore the issuance of
stablecoins denominated in yen and dollars. The collaboration aims
to develop a “stablecoin as a service” offering technical and
compliance support for companies. This initiative highlights the
growing focus on cryptography, asset management, and technological
innovation, seeking to expand the adoption of digital assets in the
Japanese market.
Argentina explores Bitcoin adoption with El Salvador’s advice
Argentina, in partnership with El Salvador, is investigating
strategies for cryptocurrency implementation and regulation. In a
recent meeting between Argentina’s National Securities Commission
and El Salvador’s National Digital Assets Commission, they
discussed the latter country’s experiences as a pioneer in the
legal adoption of Bitcoin (COIN:BTCUSD). The meeting emphasized
knowledge exchange aimed at potential regulatory collaboration,
reflecting Argentina’s growing interest in shaping a favorable
environment for crypto assets.
MicroStrategy rises to top indexes after significant market gains
MicroStrategy (NASDAQ:MSTR), holder of 214,400 Bitcoins, saw a
146% increase in its stock this year, reaching a market value of
nearly $30 billion. This success resulted in the company’s
inclusion in the MSCI World and Russell 1000 indexes. The addition
to MSCI will be effective after May 31, while the transition to the
Russell 1000 will occur on June 28, reflecting the company’s robust
performance amidst a generally declining market.
Uniswap reports strong reserves and advances in decentralized
governance
Uniswap announced having $41.41 million in fiat and stablecoins,
along with 730,000 UNI tokens (COIN:UNIUSD) at the end of the first
quarter. With $4.34 million committed to new grants and $2.79
million disbursed, the foundation aims to support operations and
grant distribution. A new proposal to establish a fee mechanism is
up for a vote until May 31, aiming to transfer control of the
UniswapV3Factory to a dedicated contract, marking an important step
for the platform’s decentralized governance.
Bitget appoints Gracy Chen as new CEO in transformative moment for
women in crypto
Gracy Chen takes over as the new CEO of Bitget, becoming the
only woman to lead one of the major cryptocurrency exchanges. With
a vision of inclusion and diversity, Chen proposes mentorship and
innovation programs for women, as well as emphasizing compliance
and long-term growth. The platform, reaching 25 million users
globally, reflects its commitment to female empowerment in the
crypto space.
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