The Genesis Block

The House of Representatives has passed Congressman Tom Emmer’s CBDC Anti-Surveillance State Act, which prohibits the Federal Reserve from issuing a surveillance-oriented central bank digital currency CBDC. The lawmaker emphasized that the bill protects American values of privacy and individual sovereignty, countering potential governmental overreach. CBDC Anti-Surveillance Act Clears House Following the passage of the https://news.bitcoin.com/us-house-passes-central-bank-digital-currency-anti-surveillance-state-act/

Consensys has lauded the U.S. Securities and Exchange Commission’s approval of 19b-4 filings for spot ether exchange-traded funds as “a step in the right direction.” However, the software firm expressed its disapproval of what it calls the securities regulator’s “deliberate regulatory abuse” in its handling of ethereum. The SEC’s Inconsistent Approach to Digital Assets The https://news.bitcoin.com/consensys-hails-spot-ether-etf-approval-slams-secs-deliberate-regulatory-abuse/

According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to another location acquired by the firm in December 2023. Peak Mining Purchases ERCOT-Approved Texas Site Northern Data’s Peak Mining https://news.bitcoin.com/northern-datas-peak-mining-acquires-second-300-megawatt-site-in-texas/

Following the approval of several spot ethereum exchange-traded funds ETFs in the U.S., ether’s price has been rather subdued, ranging between $3,640 to $3,740 over the last 12 hours. There’s wasn’t really any substantial upticks other than when the rumors of the approval fueled the previous rise. Market observers are questioning whether or not a https://news.bitcoin.com/ethereums-subdued-market-performance-follows-us-approval-of-spot-etfs/

A Montenegro appeals court has reversed an order to extradite Do Kwon, the cryptocurrency entrepreneur behind Terraform Labs, to South Korea. Kwon is wanted for his alleged role in the company’s collapse, which caused a $40 billion loss and impacted global crypto markets. Both South Korea and the U.S. have sought his extradition on fraud https://news.bitcoin.com/montenegro-court-blocks-do-kwons-extradition-to-south-korea/

Top 5 Daily Gainers & Losers ✈️@CryptoWorldNews🌐

Bitcoin transaction fees have reached their lowest point since early November 2023, roughly six months ago. The average fee is now about $2.77 per transaction, with low-priority to high-priority transfers costing between $0.38 and $0.95 per transaction on May 24. Bitcoin Transfer Fees Reach Lows Not Seen Since November 2023 Transferring BTC onchain is now https://news.bitcoin.com/onchain-fees-for-bitcoin-drop-to-six-month-low/

The hype around Dogeverse DOGEVERSE, a new multi-chain meme coin, is continuing to grow. After raising over $15 million during its presale, this viral project is entering the final 10-day countdown before hitting exchanges – and investors are eager to get involved while they can. Final Countdown on Dogeverse Presale Before DEX Listings The clock https://news.bitcoin.com/15m-crypto-presale-dogeverse-enters-last-10-days-ahead-of-exchange-listings/

Cryptocurrency exchange Coinbase has filed a reply memorandum supporting its motion to certify an interlocutory appeal in its lawsuit against the U.S. Securities and Exchange Commission SEC, which alleges that certain digital asset transactions conducted by Coinbase constitute the sale of unregistered securities. Coinbase’s chief legal officer, Paul Grewal, explained that the crypto exchange’s position https://news.bitcoin.com/coinbase-continues-to-fight-for-crypto-clarity-challenging-sec-overreach-in-court/

U.S. spot bitcoin exchange-traded funds noted their ninth consecutive day of positive inflows, amassing $107.9 million on Thursday. Blackrock’s IBIT led the way, securing $89 million, while Grayscale’s bitcoin trust GBTC experienced $14 million in outflows. Gap Between IBIT and GBTC Reserves Tighten Spot bitcoin ETFs had a consistent week of steady inflows, with $107.9 https://news.bitcoin.com/us-spot-bitcoin-etfs-mark-ninth-day-of-inflows-led-by-blackrocks-89m-gain/