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💰 BlackRock spot bitcoin ETF's over 400 holders is 'mind boggling': Bloomberg analyst Bloomberg ETF analyst Eric Balchunas didn't mince his words when contextualizing how impressive he finds the early performance of BlackRock's spot bitcoin ETF. BlackRock's ETF "ended up with 414 reported holders in its first 13F season, which is mind boggling, blows away record," Balchunas posted to X on Thursday. "Even having 20 holders as a newborn is bfd, highly rare.". Source 📍Follow @Coininfo for Latest News & Updates

💰 CME gears up to launch spot Bitcoin trading, challenging Binance’s dominance The Chicago Mercantile Exchange (CME) is gearing up to introduce spot Bitcoin trading, responding to the growing demand for the leading digital asset on Wall Street, the Financial Times reported on May 16. CME is the world’s largest futures BTC trading medium and has been in talks with crypto traders to establish a regulated marketplace for spot BTC trading. The platform is anticipated to operate through EBS, a Swiss currency trading platform known for its strict regulations on crypto asset trading. Source 📍Follow @Coininfo for Latest News & Updates

💰 Incoming Vanguard CEO Won't Reverse Decision Not to Launch Bitcoin ETF Salim Ramji, set to take the reins at Vanguard from outgoing CEO Tim Buckley on July 8, quickly poured cold water on the idea that he has intentions for the asset management giant to offer its own spot bitcoin ETF. "I think it’s important for firms to have consistency in terms of what they stand for and the products and services they offer," Salim Ramji told Barron's. Source 📍Follow @Coininfo for Latest News & Updates

🏦 Coinbase records third-largest 💰 Bitcoin outflow of 2024, totaling nearly $1 billion Two transactions originating from Coinbase cold storage were detected around 3 am GMT on May 15. Each transaction involved 8,000 Bitcoin, totaling $493.96 million. Together, these transactions summed up to approximately 16,000 Bitcoins, valued at nearly $1 billion, approximately $988 million, according to Arkham Intelligence. Coinbase’s exchange balance has been steadily decreasing throughout 2024. According to CryptoQuant, the balance commenced the year at roughly 418,000 BTC and is currently at roughly 267,000 BTC. Source 📍Follow @Coininfo for Latest News & Updates

TOP 5 HOT🔥 CRYPTO NEWS 📰 📍Follow @Coininfo for Latest News & Updates

TOP 5 HOT🔥 CRYPTO NEWS📰 📍Follow @Coininfo for Latest News & Updates

⬜️ 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 📍Follow @Coininfo for Latest News & Updates

🪙 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 📍Follow @Coininfo for Latest News & Updates

🪙 Ethereum has been increasingly inflationary for over a month as fees hit all-time low Since Ethereum moved from proof-of-work to proof-of-stake in 2022, it has become a deflationary asset. The total circulating supply of Ethereum (ETH) currently stands at 120,105,358 ETH, representing a 415,680 ETH decrease from the supply levels observed before The Merge. Ethereum’s supply dynamics have shifted, with 35,548.72 ETH being burned (removed from circulation) and 75,072.43 ETH being issued as block rewards to validators. Source 📍Follow @Coininfo for Latest News & Updates