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🇺🇸 U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat The U.S. Senate joined the House of Representatives on Thursday in seeking to erase the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, though President Joe Biden has vowed to veto the resolution. The Senate voted 60-38 on the effort to overturn the policy, commonly referred to as SAB 121. Source 📊 @StockNews 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews

💰 Bitcoin options traders anticipate short-term price correction, analysts say Despite yesterday's softer U.S. CPI inflation report, investors are still ready to pay a premium for short-term downside protection, according to CF Benchmarks' analysis of Chicago Mercantile Exchange (CME) options on bitcoin futures. The CF Benchmark analysts said that although bitcoin saw a breakout above the $66,000 mark after yesterday's softer inflation print, there is still "higher implied volatility for OTM puts compared to calls." Source 📊 @StockNews 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews

🇰🇵 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. Source 📊 @StockNews 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews

💰 Daily spot bitcoin ETF inflows top $100 million as ARKB overpowers GBTC Spot bitcoin exchange-traded funds in the United States returned to a daily net inflow of over $100 million yesterday as inflows into the ARK 21 Shares Bitcoin ETF (ARKB) overpowered the usual outflows from the Grayscale Bitcoin Trust. According to data from SoSo Value, approximately $133 million flowed into ARKB, bringing its cumulative net inflow to $2 billion. Conversely, GBTC witnessed another $51 million flow out of the product, bringing its cumulative net outflows to $18 billion. Source 📊 @StockNews 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews

💰 Bitcoin’s Fundamentals Remain Strong Amid Market Volatility: Bitfinex Key factors like the steadfastness of long-term holders and the plunge in mining difficulty underscore Bitcoin’s foundational strength. While the crypto market is far from its March peak, analysts say the fundamentals of the Bitcoin network remain strong. According to the latest Bitfinex Alpha report, Bitcoin’s foundational strength is underscored by key factors like the steadfastness of long-term holders and the plunge in mining difficulty. These factors indicate that the network is positioned for future value appreciation. Source 📊 @StockNews 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews

💰 New Hampshire representative proposes Bitcoin ETF investment to address state financial liabilities New Hampshire State Representative Keith Ammon discussed the potential benefits of the state diversifying its financial reserves into Bitcoin exchange-traded funds (ETFs) in a May 12 social media post. The SEC approved trading spot Bitcoin ETFs on US exchanges in January. Since then, the products have generated huge interest, with major financial institutions like JPMorgan Chase, trading firm Susquehanna International Group, and others revealing substantial holdings in these ETFs. Source 📊 @StockNews 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews

🇺🇸 US spot bitcoin ETFs return to net inflows following four weeks of outflows Spot bitcoin exchange-traded funds in the United States returned to net inflows of $116.8 million last week after enduring four consecutive weeks of outflows totaling more than $1 billion. Grayscale’s converted Bitcoin Trust was the only spot bitcoin ETF to register net outflows last week, with $171.1 million leaving the higher-fee fund. That came despite GBTC breaking its 78-day outflow streak with $63 million worth of net inflows on May 3 and a further $3.9 million last Monday. Source 📊 @StockNews 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews

🇺🇸 Crypto Is A Major Election Issue For 20% Of Voters: DCG Survey Crypto is emerging as a hot topic in the U.S. presidential election this year, with many voters looking forward to hearing their candidates takes on the asset class. Per a Digital Currency Group (DCG) survey of 1201 registered voters conducted last month, about one in five voters view crypto as a major issue in the 2024 election. Roughly 40% of voters said they want their candidates to talk more about crypto, with most respondents agreeing that crypto regulation needed an “overhaul.”. Source 📊 @StockNews 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews

🇮🇳 India Approves Crypto Exchanges Binance and Kucoin as Registered Virtual Asset Service Providers Cryptocurrency exchanges Binance and Kucoin have successfully registered with India’s 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 country’s anti-money laundering regulations. Source 📊 @StockNews 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews

💰 Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030 Former Twitter CEO and now founder and backer of several crypto projects, Jack Dorsey, believes that bitcoin (BTC) will go as high as $1 million by 2030. When asked about a price prediction for bitcoin in an interview with Pirate Wires, Dorsey said, “I don’t know. Over… at least a million. I do think it hits that number and goes beyond.” While the price of the cryptocurrency is interesting, he said, it’s the ecosystem and movement that fascinates Dorsey. Source 📊 @StockNews 🍰 @AltcoinNews 💰 @BitcoinNews 🔵 @EthereumNews ⚫️ @TradingNews ⚫️ @MetaverseNews