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💰 Bitcoin options positioned for potential price breakout above $74,000 this month Recent large buys of bitcoin call options with a strike price above $74,000 for June expires lead analysts to speculate that many investors are betting that prices will rise above $74,000 by the end of the month. "Our desk saw strong bullish follow-through with significant bitcoin option call buying for June expiries, indicating positioning in the options market for a decisive break above $74,000 all-time-highs this month," QCP Capital analysts said. Source 🔊 @Crypto_Nfts_Metaverse

🟠 Binance to restrict 'unauthorized' stablecoins in EU starting June 30, urges users to switch to regulated tokens Binance, the world's largest cryptocurrency exchange by trading volume, announced it will soon restrict availability in the European Union to stablecoins that are considered "unregulated" by the EU. In a statement, Binance said the rules for stablecoins outlined in the EU's Markets in Crypto-Assets Regulation (MiCA) will come into effect at the end of June. Source 🔊 @Crypto_Nfts_Metaverse

🪙 ARK Invest ends partnership with 21Shares on Ether ETF 21Shares has filed an updated application for its Ethereum spot ETF S-1, rebranding the fund from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF. Additionally, ARK Invest has ended its partnership with 21Shares and will no longer be involved with the ETF. According to the newly amended Form S-1, there are no updated fees. Despite acknowledging Ethereum’s groundbreaking potential and long-term value. Source 🔊 @Crypto_Nfts_Metaverse

🪙 JPMorgan Predicts 'Negative' Initial Reaction for Ethereum ETFs — Expects Lower Demand Than Bitcoin ETFs JPMorgan has predicted an initial negative market reaction for spot ethereum exchange-traded funds (ETFs), expecting lower demand compared to bitcoin ETFs. The global investment bank also cautions that approximately $1 billion may exit the Grayscale Ethereum Trust, putting downward pressure on ether prices shortly after the launch of spot ethereum ETFs. Source 🔊 @Crypto_Nfts_Metaverse

🏦 Coinbase Challenges SEC’s Rulemaking Process, Argues for Clear Regulations on Digital Assets Coinbase, Inc. has escalated its dispute with the Securities and Exchange Commission (SEC) by filing a reply brief in the Third Circuit Court of Appeals, arguing the necessity of clear rulemaking for the digital asset industry. The case underscores the ongoing tensions between regulators and the digital asset sector over compliance and operational standards. Source 🔊 @Crypto_Nfts_Metaverse

💰 Bitcoin trades flat as US core PCE inflation remains steady as expected Bitcoin remained largely unmoved despite equity markets posting gains after another U.S inflation print was in line with expectations. The largest digital asset by market cap's price has increased a muted 0.7% in the past 24 hours and was changing hands for $68,738 at 9:26 a.m. ET, according to The Block’s Price Page. Similarly, the GM30 Index, representing a selection of the top 30 cryptocurrencies, increased by 0.55% to 144.92 in the past day. Source 🔊 @Crypto_Nfts_Metaverse

🏦 Coinbase accuses the SEC of trying to destroy the crypto industry in final push to get the agency to write rules An appeals court should order the U.S. Securities and Exchange Commission to start writing rules for crypto, Coinbase argued in its final push for rulemaking. Crypto firms are caught in a "Catch-22," Coinbase said in its 36-page closing brief filed on Friday in the Court of Appeals for the Third Circuit. The SEC has asked firms to comply while also launching "scorched-earth litigation against those firms for their failure to do so," and has refused to write rules, Coinbase said. Source 🔊 @Crypto_Nfts_Metaverse

💰 Terraform Labs, Do Kwon reach a 'settlement in principle' with US SEC, according to court entry Terraform Labs and its co-founder Do Kwon have "reached a settlement in principle," with the U.S. Securities Exchange Commission, according to a court entry. A telephone conference, which was not recorded, was held on Wednesday and a previously planned oral argument set for May 29 had been canceled, according to an entry filed on Thursday. Source 🔊 @Crypto_Nfts_Metaverse

🇪🇺 EU elections could hint at future direction for crypto regulations, Bitfinex analyst says The European Union Parliamentary Elections, taking place next week, could provide further clues on how crypto will be regulated in that market, according to Bitfinex Head of Derivatives Jag Kooner. "A right-wing shift could lead to stricter crypto controls, while a pro-crypto outcome might accelerate supportive regulations like MiCA," Kooner told The Block. Source 🔊 @Crypto_Nfts_Metaverse

🪙 BlackRock files amended S-1 registration statement for upcoming Ethereum ETF with more disclosures BlackRock filed an amended registration statement for its proposed Ethereum fund, marking the latest move as firms work to list and trade their products. The world's largest asset manager filed its amended S-1 registration statement almost a week after the U.S. Securities and Exchange Commission approved 19b-4 forms for eight Ethereum ETFs, including BlackRock's proposed iShares Ethereum Trust. Issuers still need their S-1 statements to become effective before trading can begin. Source 🔊 @Crypto_Nfts_Metaverse