๐ Binance || Coinbase || Bybit ๐
๐ฐ Healthcare tech company shares surge 27% after announcing plans to buy bitcoin with cash reserves
Medical device maker and healthcare technology company Semler Scientific announced Tuesday it plans to buy bitcoin with its cash reserves and, almost immediately, the company's shares rose by as much as 27%. Semler Scientific's board of directors had "adopted bitcoin as its primary treasury reserve asset" and "purchased 581 bitcoins for an aggregate amount of $40 million, inclusive of fees and expenses," the company said.
Source
t.me/Binance_Coinbase_Bybit
๐น๐ท Turkish Parliament Committee to Review Crypto Bill This Week
The Turkish parliamentโs Planning and Budget Committee will discuss a draft law this week that would require crypto asset service providers to obtain licenses and register. This move aims to enhance Turkeyโs compliance with the Financial Action Task Force (FATF) standards. In 2021, FATF placed Turkey on its โgrey listโ due to inadequate oversight of sectors prone to money laundering and financing terrorist organizations.
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t.me/Binance_Coinbase_Bybit
โ๏ธ TON blockchainโs total value locked surpasses $300 million
The total value locked on The Open Network blockchain has crossed $300 million for the first time โ an over tenfold increase since early March. The network is seeing locked value surge amid an ongoing ecosystem initiative, The Open League. This is contributing to the surge in TVL by rewarding users of TONโs top decentralized applications. Since the incentive program was rolled out, the network's TVL went from $23 million in early March to the current $315 million, per DeFiLlama data.
Source
t.me/Binance_Coinbase_Bybit
๐จ๐ณ Expert Says Peer-to-Peer Nature of Crypto Activity Renders Chinaโs Ban Ineffective
Continuing raids in China on alleged underground gangs using cryptocurrency to facilitate foreign exchange transactions underscore the ineffectiveness of the Asian nationโs 2021 ban on crypto trading. Chengyi Ong, head of policy for the Asia-Pacific region at Chainalysis Inc., said the peer-to-peer nature of cryptocurrency activity renders the ban ineffective.
Source
t.me/Binance_Coinbase_Bybit
๐ฐ Farallon Capital discloses $85 million in GBTC, Cetera discloses $22 million in GBTC
Farallon Capital Management, Cetera Investment Advisers, and BigSur Wealth Management have reported multi-million dollar investments in spot Bitcoin ETFs in the first quarter. Farallon Capital, a San Francisco-based hedge fund manager, disclosed an $85.2 million investment in Grayscaleโs GBTC on May 24. Based on Fintel data, the company is among the 10 firms with the largest GBTC positions.
Source
t.me/Binance_Coinbase_Bybit
๐ฃ Standard Chartered analyst says other crypto ETFs such as SOL, XRP 'is likely a 2025 story'
Following the recent approval of ether spot exchange-traded funds, Standard Chartered Bank analyst Geoffrey Kendrick says that the next chapter of crypto ETFs may be around the corner in 2025. "For other coins markets will look ahead to their eventual ETF status as well, albeit this is likely a 2025 story not a 2024 one," Kendrick, head of forex and digital assets research at Standard Chartered Bank, said Friday in a statement to The Block.
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t.me/Binance_Coinbase_Bybit
๐ฐ Coinbase brings back XRP support for New York residents
Cryptocurrency exchange Coinbase is re-introducing support for in New York. Coinbase Chief Legal Officer Paul Grewal said Thursday in a post on social media site X that New York-based customers will once again be able to buy and sell XRP on its website and mobile applications. The re-listing comes after Coinbase withdrew support for the token roughly four years ago due to a legal battle over the token's status as a security.
Source
t.me/Binance_Coinbase_Bybit
๐ช QCP Capital predicts spot Ethereum ETF approvals could drive prices higher
Crypto asset trading firm QCP Capital suggested that if spot Ethereum exchange-traded funds are approved in the U.S., the price of ether could rally 60% in the coming weeks to around $6,000 โ if the spot Bitcoin ETFs are anything to go by. Bitcoin rose 66% from around $44,500 to a peak of $73,800 in the two months following the Security and Exchange Commissionโs approval of spot Bitcoin ETFs on January 10, according to The Blockโs price page.
Source
t.me/Binance_Coinbase_Bybit
๐ช Ethereum futures ETF daily trading volume hits all-time high as spot approval anticipation grows
Daily trading volume for Ethereum futures exchange-traded funds hit a fresh all-time high yesterday amid increasing anticipation of spot approvals from the U.S. Securities and Exchange Commission. The Ethereum futures ETFs generated $47.75 million in trading volume on Tuesday โ 40% more than the prior $34.18 million peak set on March 5 as ether was approaching the $4,000 mark โ building on their $23.67 million spike on Monday.
Source
t.me/Binance_Coinbase_Bybit
๐ฐ Ripple CLO calls Gary Gensler 'a struggling liability' as political winds shift
Ripple's Chief Legal Officer Stuart Alderoty described U.S. Securities and Exchange Commission Chair Gary Gensler as "a struggling liability" โ as the hype surrounding the potential approval of spot ether exchange-traded funds grows. "He thought crypto was an easy target," Alderoty said, adding, "He relished being the guy that everyone loved to hate. He thought he was above Congressional oversight. That's all gone. He's now a struggling political liability."
Source
t.me/Binance_Coinbase_Bybit
๐ฐ Standard Chartered says bitcoin expected to hit fresh all-time high by weekend
An approval of a spot ether exchange-traded fund (ETF) this week would further legitimize the cryptocurrency sector and therefore be positive for bitcoin as well, an analyst said. "I would expect a fresh all-time high in bitcoin by the weekend, through the 14 March $73,798 level," Standard Chartered Bank Head of FX Research and Digital Assets Research Geoff Kendrick said in an email sent to The Block.
Source
t.me/Binance_Coinbase_Bybit
๐ช Bloomberg analysts revise ETH ETF approval odds to 75% amid rumors of SEC flip
The SEC has asked spot Ethereum ETF applicants to update their 19-b4 filings, leading to greater optimism around potential approvals, according to sources. Bloomberg ETF analyst Eric Balchunas said on May 20 that the SEC could reverse its expected stance and choose not to deny the pending applications. He cited ETF Store President Nate Geraci, who claimed the SEC could approve 19-b4 exchange listing rules while postponing its decision on S-1 registration statements.
Source
t.me/Binance_Coinbase_Bybit
๐บ๐ธ US Congress Passes First Standalone Crypto Legislation
The U.S. Congress has passed its first standalone crypto legislation, which aims to overturn the controversial U.S. Securities and Exchange Commission (SEC)โs SAB 121 rules regarding crypto assets. However, President Joe Biden has threatened to veto this decision, citing concerns about financial stability and market uncertainty.
Source
t.me/Binance_Coinbase_Bybit
๐ป๐ช Venezuela bans crypto mining to protect power grid
The Venezuelan government has joined the list of countries that have frowned on crypto mining due to its hefty electricity demands. According to a local news outlet, Venezuelaโs Ministry of Electric Power has unveiled plans to disconnect cryptocurrency mining farms from the national grid. The move aims to regulate excessive energy consumption and guarantee a stable power supply for the population.
Source
t.me/Binance_Coinbase_Bybit
๐ Over 80% of Newly Listed Crypto Assets on Binance Have Declined in Value: Data
Over 80% of the newly listed cryptocurrencies on Binance, the worldโs largest digital asset exchange by trading volume, have declined in value. In the past six months, these tokens have plunged in value since listing on the exchange, raising concerns for investors seeking out the latest cryptocurrencies. According to a May 17 post by pseudonymous crypto researcher Flow on X, only five of the 31 tokens analyzed have appreciated in value: the meme coin (MEME), the Ordi token (ORDI), Solana-based Jupiter (JUP), Jito (JTO), and Dogwifhat (WIF).
Source
t.me/Binance_Coinbase_Bybit
๐ฆ Kraken considers delisting USDT in Europe due to MiCA rules
Kraken could drop EU support for Tetherโs USDT stablecoin, Bloomberg reported on May 17. Kraken Global Head of Regulatory Strategy Marcus Hughes said the company is planning for circumstances in which it is โnot tenable to list specific tokens such as USDT.โ The EUโs regulatory landscape is set to change when the EUโs Markets in Crypto-Assets (MiCA) guidance comes into effect in July. MiCA will require companies that issue fiat-backed stablecoins, such as Tether, to register as electronic money institutions (EMIs) and meet other requirements.
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t.me/Binance_Coinbase_Bybit
๐ฆ Coinbase Shares Sink 9% on Report CME to Consider Listing Spot Bitcoin
Shares of Coinbase dropped nearly 8% to $202.49 during U.S. morning hours on Thursday after a Financial Times report that the Chicago Mercantile Exchange (CME) might soon offer spot bitcoin trading amid strong interest from clients. Cryptocurrencies were up on the day. The CoinDesk 20 Index, which tracks 20 of the largest digital tokens by market capitalization, is 0.91% higher over the past 24 hours.
Source
t.me/Binance_Coinbase_Bybit
๐ช MakerDAO founder says fully decentralized 'PureDai' will launch in few years
MakerDAO founder Rune Christensen said a future token, PureDai, will serve as a fully decentralized alternative to its U.S. dollar-pegged stablecoin. Known as PureDai, the stablecoin will operate exclusively on the Ethereum mainnet and use ether and Lido staked ether (stETH) as collateral backing โ fully relying on decentralized oracles. It will also have a free-floating peg, meaning the decentralized stablecoin may not be pegged to the dollar.
Source
t.me/Binance_Coinbase_Bybit
๐ฐ๐ต North Korea-linked group used Tornado Cash to launder $147 million in crypto: Reuters
North Korea laundered nearly $150 million in stolen cryptocurrencies with Tornado Cash in March, Reuters reported, citing United Nations sanctions monitors. North Korean cybercriminals deposited the ill-gotten funds, worth $147.5 million, onto the privacy-preserving in a bid to throw law enforcement off its tracks, the monitors said Friday in a note to the U.S. Security Council sanctions committee.
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t.me/Binance_Coinbase_Bybit
๐ช Filing shows SEC potentially considering ETH a security in likely ETF denials, analysts say
Van Buren Capital General Partner Scott Johnsson unearthed Tuesday an overlooked detail in a March filing, resurfacing the suggestion that the U.S. Securities and Exchange Commission may consider ether a security ahead of expected spot exchange-traded fund denials this month. โThe obvious purpose is to potentially deny on the basis that these spot filings are improperly filed as commodity-based trust shares and do not qualify if they are holding a security,โ Johnsson added.
Source
t.me/Binance_Coinbase_Bybit
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โฌ๏ธ OKX officially launches crypto exchange in Australia
OKX has officially launched its spot and derivatives crypto trading platform in Australia, the company announced on Tuesday. OKX said in a statement that it will offer spot trading services to all Australian users, while derivatives trading will only be available for verified wholesale clients. Its users in Australia can also deposit and withdraw AUD through most Australian banks to gain access to a total of 85 crypto tokens, or 170 crypto spot pairs.
Source
t.me/Binance_Coinbase_Bybit
๐บ๐ธ US senators challenge DOJโs broad definition of crypto money transmitters
Two US lawmakers have opposed the Department of Justiceโs (DOJ) attempt to expand the definition of a money-transmitting business. In a May 9 letter to US Attorney General Merrick Garland, Senators Cynthia Lummis and Ron Wyden argued that the DOJโs broad interpretation could criminalize non-custodial crypto asset software services.
Source
t.me/Binance_Coinbase_Bybit
๐ฏ๐ต Japanโs Metaplanet adopts bitcoin as reserve asset amid yen slump
Metaplanet Inc., a Tokyo-listed crypto investment and consulting firm, has adopted bitcoin as its strategic treasury reserve asset in response to the persistent economic adversity in Japan. โThe move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of negative real interest rates, and the consequently weak yen,โ the company said Monday in a release.
Source
t.me/Binance_Coinbase_Bybit
๐ฆ Coinbase can't force the ๐บ๐ธ SEC to write new rules, SEC argues in new brief
The SEC has filed a new form arguing that Coinbase's petition to order the agency to develop a new regulatory system for crypto "from the ground up" should be denied. "The Commissionโs determination that the rulemaking Coinbase seeks is currently unwarranted was both reasonable and reasonably explained," the SEC said, in a case before the U.S. Third Circuit Court of Appeals.
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t.me/Binance_Coinbase_Bybit
๐ฎ๐ณ India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers
Cryptocurrency exchanges Binance and Kucoin have successfully registered with Indiaโs Financial Intelligence Unit as Virtual Asset Service Providers (VASPs), a top official has reportedly confirmed. Both crypto exchanges were previously banned in India due to violations of the countryโs anti-money laundering regulations.
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t.me/Binance_Coinbase_Bybit
๐บ๐ธ U.S. House's McHenry Says Bill on Crypto Market Structure Will Get Floor Vote
The most comprehensive U.S. cryptocurrency legislation to so far make it through a congressional committee will get even further, with the entire House of Representatives set to vote on whether to approve it soon, according to Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee. The House Rules Committee approved the legislation for a vote next month, potentially pushing it toward a high-water mark for crypto legislation in the U.S.
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t.me/Binance_Coinbase_Bybit
๐ฆ Kraken makes another push to dismiss ๐บ๐ธ SEC lawsuit ahead of June hearing
Crypto exchange Kraken's lawyers argue in their latest court filing that the Securities and Exchange Commission's arguments don't hold weight as both sides are gearing up for a hearing in June. Kraken also argued that the agency failed to satisfy elements of the Howey Test, a 1946 U.S. Supreme Court case frequently cited by the SEC, to determine if an asset qualifies as an investment contract and, therefore, a security.
Source
t.me/Binance_Coinbase_Bybit
โช๏ธ Robinhood crypto trading volume up 224% YoY to $36 billion in Q1
Robinhood reported $36 billion in crypto notional trading volume during the first quarter of 2024, a 224% increase year over year. The firm also reported record net revenues of $618 million, up 40% year over year. The total revenues included $329 million derived from transaction revenues, which included revenue generated from its crypto business โ making up $126 million of the total, a 232% increase year over year.
Source
t.me/Binance_Coinbase_Bybit
๐ฐ Genesis Digital Assets to Launch Flare Gas Powered Bitcoin Mining Site in Argentina
Bitcoin mining companies are increasingly searching for more environment-friendly energy sources to power their operations. Genesis Digital Assets, a bitcoin mining company, has announced that it has partnered with YPF Luz, a power provider, to build a bitcoin mining site run completely using electricity generated from flare gas in Argentina. The Bajo del Toro plant, a recently built thermoelectric facility, will provide energy to Genesis Digital Assetsโ bitcoin mining data center, hosting 1,200 miners in a site inside the plant.
Source
t.me/Binance_Coinbase_Bybit