• CRYPTO NEWS • #BTC • #ETH •

💰 Vanguard’s new CEO upholds firm’s stance against Bitcoin ETFs despite crypto enthusiasm Vanguard’s newly appointed CEO, Salim Ramji, has scuttled notions that he might reverse the investment giant’s decision against launching a spot Bitcoin exchange-traded fund (ETF) due to his pro-crypto stance. Ramji, who will take over at Vanguard by June 8, previously headed BlackRock’s ETF division and was a crucial player in the launch of the asset manager spot Bitcoin ETF product IBIT. Notably, he left his BlackRock position in January. Source 📌 Best Crypto News

🇺🇸 DOJ charges 2 people over $25 million ETH theft via MEV exploit The DOJ arrested and charged two individuals on May 15 over an alleged $25 million MEV exploit that occurred on the Ethereum blockchain. The defendants’ plan involved several steps focused on Ethereum’s maximal extractable value (MEV) — particularly the MEV-Boost software many Ethereum validators use to optimize transactions as searchers seek profitable arbitration opportunities using MEV bots. Source 📌 Best Crypto News

💰 Babylon partners with pSTAKE to launch Bitcoin liquid staking pSTAKE Finance, backed by Binance Labs and a prominent figure in the liquid staking sector, is set to introduce a novel liquid staking solution for Bitcoin, constructed on Babylon’s framework. This development marks a significant extension of pSTAKE’s offerings beyond its initial focus area within the Cosmos network, where it first introduced liquid staking in 2021. Source 📌 Best Crypto News

🪙 Ether options traders eye calls above $3,600 for June expiry The term structure of open interest in ether options reveals a concentration of calls expiring at the end of June, comprising over 617,000 contracts with a notional value exceeding $1.8 billion, according to Deribit data. The significant number of call contracts and their substantial notional value could reflect confidence in ether's potential to appreciate by the end-of-June expiry date. Source 📌 Best Crypto News

🪙 Tether CEO riled up by suggestion USDT is a target of US government Tether CEO Paolo Ardoino posted a lengthy diatribe to X on Monday in an apparent effort to rail against any notions that his company's stablecoin is insecure in any way. "An uniformed CEO, leading a company being investigated by the SEC, launching a competitive stablecoin ... is being reported spreading fear about USDT," Ardoino said in his post. Source 📌 Best Crypto News

🇭🇰 Hong Kong's crypto ETF approvals had Bitcoin Asia attendees eyeing the mainland: SCMP Bitcoin Asia, a conference hosted by Bitcoin Magazine from May 9-10, drew over 5,500 attendees to Hong Kong this year, alongside hundreds of speakers and sponsors. It's no surprise that the conference ended up in Hong Kong; keen investors have paid a close eye to the city's recent embrace of crypto, from hosting Web3 events to its much-hyped approval of Asia's first six spot Bitcoin and ether ETFs. Source 📌 Best Crypto News

🏦 Coinbase can't force the 🇺🇸 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 Commission’s 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. Source 📌 Best Crypto News

🇺🇸 Mark Cuban Joins Calls Against Anti-Crypto Biden Administration, Slams the SEC Billionaire entrepreneur Mark Cuban has added to the growing discontent among the crypto community over the Biden administration’s industry crackdown. The outspoken entrepreneur didn’t stop there, adding that all the SEC has done is make it virtually impossible for crypto companies to operate in the United States, “killing who knows how many businesses and ruining who knows how many entrepreneurs.”. Source 📌 Best Crypto News

🏦 Court should deny Coinbase's appeal, SEC says The Securities and Exchange Commission says Coinbase' move to appeal its case with the regulator should be denied. Coinbase filed an interlocutory appeal following a judge's decision to allow a lawsuit involving the SEC and the platform to proceed without being dismissed. In the appeal, Coinbase claimed differences of opinion around 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 📌 Best Crypto News

💰 86% of Bitcoin supply still in profit despite recent price drops Bitcoin pushed toward a new all-time high in March, a significant milestone was reached on Feb. 28, with over 99% of the Bitcoin supply in profit. This was the first time since November 2021 that over 99% of the supply had been in profit, according to Glassnode data. On Feb. 28, just 92,500 BTC were at a loss before the price dropped below $57,000, then consolidated around $62,000. Source 📌 Best Crypto News