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🇺🇸 President Joe Biden blocks Chinese-backed cryptocurrency mining firm from owning land near a Wyoming nuclear missile base President Joe Biden issued an order blocking a China-majority-owned crypto mining company from having property close to an Air Force base in Wyoming, citing national security risks concerns. Biden further required the divestment of the property, which is one mile from the missile base Francis E. Warren Air Force Base, according to a statement released Monday from the U.S. Treasury Department. Source Coin | Trading | News

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🪙 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 Coin | Trading | News

🇺🇸 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 Coin | Trading | News

🚨 Phishing Group Returns Stolen Crypto Worth $66.88M to Victim, Collects Bounty! The phishing group responsible for the theft of 1155 Wrapped Bitcoin (WBTC) has made amends by returning all 22,960 Ethereum (ETH) worth approximately $66.88 million to the victim’s address. The phishing incident had initially sent shockwaves through the cryptocurrency community, as hackers managed to infiltrate hundreds of addresses and siphon off substantial sums of digital assets. However, the victim, whose identity remains undisclosed, took swift action and engaged with the perpetrators to negotiate the return of the stolen funds. Source Coin | Trading | News

🏦 Coinbase Layer 2 Base Takes This Industry by Storm, Captures 46% of Transactions Coinbase’s Layer 2 network – Base – has witnessed a resurgence of user activity. Franklin Templeton’s latest analysis revealed that Base has received significant traction from SocialFi applications such as Friend.Tech. Additionally, Base has experienced a notable surge in the supply of USDC on its network, surpassing $2.5 billion. This increase coincided with Coinbase’s announcement in December 2023 of free USDC transfers on Base via the Coinbase Wallet, indicating a strategic move to boost Base’s ecosystem and facilitate seamless transactions for users. Source Coin | Trading | News

💰 Over 46% of Bitcoin’s circulating supply hasn’t moved in 3+ years Recent data from Glassnode reveals intriguing shifts in Bitcoin's supply dynamics, particularly in the supply last active (SLA) cohorts. As 2023 waned, these metrics reached all-time highs, painting a picture of enduring confidence among long-term holders (LTHs). However, the landscape quickly changed with the introduction of the US Bitcoin ETF. This development, coupled with significant outflows and selling actions by LTHs, prompted a noteworthy adjustment in the availability of long-held Bitcoins. Source Coin | Trading | News

🇺🇸 US Bancorp, Rothschild firm disclose spot 💰 Bitcoin ETF purchases of roughly $20 million in Q1 US Bancorp disclosed spot Bitcoin ETF investments worth over $15 million on May 8. The company revealed it purchased roughly 87,744 shares of Fidelity’s FBTC worth $5.4 million, 46,011 shares of Grayscale’s GBTC worth $2.9 million, and 178,567 shares of BlackRock’s IBIT worth $7.2 million. The company’s total investments stood at $71.8 billion, based on its latest 13F filing. US Bancorp is among the largest bank holding companies in the US, with over $663 billion in AUM at the end of 2023. Source Coin | Trading | News

📊 Crypto Monthly Trading Volume Drops for First Time in Seven Months to $6.58T Cryptocurrency trading volume cooled in April, registering the first decline in seven months as escalating geopolitical tensions and slower inflows into U.S.-listed spot ETFs weighed over the digital assets market. The cumulative volume in spot and derivatives markets fell by 43.8% to $6.58 trillion, a sharp retracement from March’s record high of $9.12 trillion, according to a report by London-based digital assets data provider CCData. Source Coin | Trading | News

🪙 Ethereum's Dencun upgrade is making ETH inflationary again: CryptoQuant The Dencun upgrade has made ether inflationary again, potentially killing its characteristic as “ultra-sound” money, analysts at data firm CryptoQuant said. A report released Wednesday by CryptoQuant said that due to decreased transaction fees on the Ethereum network because of the Dencun upgrade, the amount of ether burned has dropped to one of its lowest levels since the Merge. Source Coin | Trading | News