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💰 Bitcoiner and author of the book Broken Money explains that in the long term, Bitcoin is correlated to measures of global liquidity rather than 🇺🇸 U.S. stocks “I view Bitcoin as not only a good performing asset, but one that is tied to global liquidity and is not necessarily correlated to other portfolio assets.” - Lyn Alden 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

🟠 Binance’s defense against SEC could be aided by Mango Markets case Binance could strengthen its defense against the US Securities and Exchange Commission (SEC) by drawing on an unrelated case. On April 26, Binance and related parties filed a government document from an unrelated case against Mango Markets exploiter Abraham Eisenberg, who was convicted by a jury on April 18. Binance’s defense team drew attention to a specific paragraph in which the US government expressed its position on whether a particular stablecoin, USDC, is a security. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

🪙 Vitalik Buterin says that Ethereum's PoW was 'quite centralized' and a 'temporary stage' until PoS Ethereum co-founder Vitalik Buterin responded to comments about Ethereum's transition to a proof-of-stake (PoS) from a proof-of-work (PoS) consensus system. Users had noted on social media platform X that numerous Ethereum community members wished the network stayed with PoW instead of PoS. That sentiment received pushback from the man who first proposed the creation of Ethereum in 2013 at the age of 19. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

🪙 USDT's exchange balance hits highest level in a year and keeps rising Exchanges are holding more of Tether's USDT. The 7-day moving average of the change in USDT held by exchanges reached $568 million earlier this month, the highest it's been in a year. The moving average has remained positive since the start of February, indicating consistent growth of exchanges’ USDT holdings. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

🇺🇸 US SEC expected to deny spot 🪙 Ether ETFs in May The United States Securities and Exchange Commission (SEC) will most likely deny spot Ether exchange-traded funds (ETF) in May, according to a new report. Reuters reported on April 24 that U.S. issuers and other firms expect the SEC to reject spot Ether ETF applications next month following meetings with the regulator in recent weeks, citing four people who participated in the meetings. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

🇪🇺 EU's anti-money laundering bill passes final vote, here's what's next for crypto-asset service providers The European Parliament adopted new rules that would formally put in place due diligence requirements for crypto firms in a bid to combat money laundering. The European Parliament voted on Wednesday to adopt a package of laws that would in part enhance "due diligence measures and checks on customers’ identity" including so-called crypto asset managers. They would also have to report suspicious activities to authorities. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

📣 Robinhood lists SHIB, AVAX, COMP for trading in New York Robinhood has opened trading of Shiba Inu (SHIB), Avalanche (AVAX), and Compound (COMP) for New York residents. The latest batch of listings bring Robinhood's total number of tradable tokens in the Empire State to 11: New Yorkers can buy and sell bitcoin (BTC), ether (ETH), dogecoin (DOGE), Shiba Inu, Avalanche, bitcoin cash (BCH), chainlink (LINK), litecoin (LTC), ethereum classic (ETC), aave (AAVE) and compound, according to the company's email to New York residents, which was seen by The Block. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

💰 Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022. Terraform Labs and Kwon were found liable on civil fraud charges earlier this month, when a Manhattan jury concluded that they had misled investors about the stability of their so-called “algorithmic” native stablecoin, Terra USD (UST), and the use cases for the Terra blockchain. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

🟠 Binance unveils spot copy trading feature in automated strategy tools expansion Binance, the largest crypto exchange by trading volume, is set to roll out a new spot copy trading tool — enabling users to follow and automatically execute the same trades as some of the platform’s top traders. “At Binance, we’re always listening to our users and incorporating their feedback into our products. Our users give us great ideas because, very often, they know what works best for them,” Binance CTO Rohit Wad said in a statement shared with The Block. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus

💰 Bitwise: Bitcoin Will Have 'a Great Next 12 Months' Bitwise Asset Management expects bitcoin to have a great next 12 months. A Bitwise researcher has explained that the cryptocurrency will likely continue to test its “higher highs” this year and next. He considers regulatory risk to be the primary concern for bitcoin. Source 🔊 Join @Crypto_Publisher 💬 Contact us @Crypto_Marcus