Quick Take Bitcoin has shown a positive trend since its halving on April 20, with an increase of approximately 8%. It traded around $64,000 and is now consolidating just below $70,000. This performance positions Bitcoin as one of the best-performing cycles since the start of a halving event, second only…
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Betting markets are currently showing a 72% chance of a spot Ether ETF approval in the United States. Source link
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A bipartisan group of US lawmakers advised the Securities and Exchange Commission (SEC) in a May 22 letter to approve spot Ethereum exchange-traded funds (ETFs). The letter signatories included Financial Committee Vice Chairman Rep. French Hill, House Majority Whip Tom Emmer, and Representatives Josh Gottheimer, Mike Flood, and Wiley Nickel.…
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The Terraform Labs co-founder was still in Montenegro as his lawyers and the courts considered requests for extradition to the U.S. or South Korea. Source link
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Bybit crypto exchange CEO Ben Zhou has firmly denied rumors about the exchange’s alleged insolvency circulating on social media. This week, obscure social media accounts began spreading these rumors, with one user suggesting that a bug in a proof-of-reserves graph from Arkham Intelligence might have sparked the speculation. Zhou promptly…
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NFT Collector Zeneca has round-tripped his crypto stack twice, most recently watching his $20M NFT portfolio plunge by 90%. Source link
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The ETH/BTC ratio represents the relative strength of Ethereum (ETH) against Bitcoin (BTC). With the two being the two largest coins by market cap and the two largest crypto ecosystems in general, it makes sense to compare their relationship to better understand the market. Tracking the ETH/BTC ratio is important…
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SFC reportedly held discussions with the country’s crypto ETF issuers about providing staking services via licensed platforms Source link
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Quick Take According to Trading Economics, the S&P Global US Composite PMI Flash experienced a significant surge in May, reaching 54.4, up from April’s 51.3. This marks the highest level since April 2022, surpassing the consensus expectation of 51.1. The manufacturing and services sectors exceeded predictions, with the Manufacturing PMI…
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Regulatory concerns force Ether ETF issuers to abandon staking plans, sparking conflicting community views and discussions on investor appeal. Source link