BlackRock BTC ETF Sees Massive Capital Inflow... Approaching 3% of BTC Supply
As BlackRock's Bitcoin ETF experiences a surge in capital inflow, it now accounts for 2.8% of the total Bitcoin supply. Arkham Intelligence stated, "BlackRock is accumulating Bitcoin" and "BlackRock has secured Bitcoin worth $1.2 billion so far this week." As of the 25th (local time), BlackRock holds over 582,000 BTC, equivalent to approximately $56 billion.
Strive CEO: "Discussing GameStop's Internal BTC Purchase Scale"
As GameStop approved adding Bitcoin to its balance sheet and issued convertible bonds worth $1.5 billion for Bitcoin purchases, Strive CEO Matt Cole said, "Debate continues within the company about the Bitcoin purchase scale." In an interview with Decrypt, he added, "The investment scale has not yet been determined. It appears internal discussions are ongoing about whether to fully commit to a Bitcoin purchase strategy."
US Crypto Czar: "Fed Reversing Crypto Regulations from Biden Era"
As the Federal Reserve announced the withdrawal of regulations related to banks' cryptocurrency and dollar token activities, David Sacks, Trump administration's Crypto Czar, assessed that "the Fed is reversing regulations from the Biden era." On X, he added, "This regulation was created as part of Operation Chokepoint 2.0 (a measure by the US government to pressure the crypto industry by blocking bank access). Banks' openness to cryptocurrency will help promote more mainstream adoption."
Nasdaq Recommends SEC: "Need Very Specific Classification System for Crypto Regulation"
Nasdaq sent a letter to the SEC's cryptocurrency task force, recommending that clear classification is key to ideal future regulation. According to CoinDesk, Nasdaq argued that cryptocurrencies should be classified into four categories: financial securities, digital asset investment contracts, digital asset commodities, and other digital assets. They added, "The US must establish a clear classification method to help define cryptocurrency categories."
US SEC Chairman: "Focusing on Crypto Regulation and Distributed Ledger Technology"
During the third cryptocurrency roundtable of the SEC's cryptocurrency task force, Chairman Paul Atkins stated he will "focus on cryptocurrency regulation and distributed ledger technology." In his speech, he said, "Innovation has been hindered by market and regulatory uncertainty over the past few years. It's my fourth day working at the commission, and I want to address long-standing issues in the blockchain field, including crypto regulation and distributed ledger technology, in collaboration with my colleagues and staff."
Binance Announces Listing and Delisting Criteria
Binance has announced its listing and delisting criteria. Listing criteria include project fundamental principles, performance indicators, token economy, technical risk assessment, team background, and regulatory compliance. Delisting criteria include team governance issues, poor market performance and trading activity, and product and network security problems. Binance emphasized continuous monitoring of projects and stressed that "projects failing to meet the criteria may be delisted."
US Senators Demand Ethics Investigation into TRUMP Holder Dinner
As Donald Trump is reportedly planning a 'TRUMP Dinner' for TRUMP meme coin holders, senators are reportedly requesting an ethics investigation into Trump's meme coin promotion. According to CNBC, they claim the dinner could constitute corrupt behavior.
US Senator: "Continuing to Urge Fed to Treat Crypto Industry Fairly"
Crypto-friendly US Senator Cynthia Lummis stated on X that she will "continue to hold the Fed accountable until it treats the cryptocurrency industry fairly." She previously pointed out that the Fed's measure to eliminate pre-reporting requirements for banks' crypto activities is merely lip service.
Doge Mining Company Z Squared Pursues Listing through Merger
Dogecoin mining company Z Squared announced a merger with pharmaceutical company Coeptis (COEP). They plan to pursue listing through the merger, expected to be completed in the third quarter of this year. After the merger, the company will own 9,000 US-based Doge mining equipment.
Foreign Media: "Stripe Developing New Stablecoin Product"
According to Solid Intel, Stripe is developing a new stablecoin product and plans to begin beta testing soon.
TON to Officially Terminate Toncoin Bridge on 5/10
Telegram's Open Network (TON) announced through its official blog that the Toncoin Bridge will be officially terminated on May 10th (local time). Consequently, user support for bridging Toncoin from TON to Ethereum or BNB Smart Chain will be discontinued.
Gitcoin Core Development Team to Cease Operations on 5/31
Cryptocurrency crowdfunding platform Gitcoin announced that its core development team, Grants Lab, will officially cease operations on May 31st (local time). As a result, maintenance of the Grants Stack product will be discontinued.
CoinShares: "Average BTC Mining Cash Cost for Listed Companies Increased in Q4 Last Year"
CoinShares released a report stating that the average cash mining cost for Bitcoin mining listed companies increased to approximately $82,162 in the fourth quarter of last year, up from $55,950 in the third quarter.
Trump: "Low Likelihood of Additional Tariff Extension after 90-Day Exemption Ends"
Donald Trump, the US president, said that "there is a high possibility that there will be no additional extension after the 90-day mutual tariff grace period" according to the WatcherGuru X account.
US Stock Market's Three Major Indices Close Higher
The US stock market's three major indices closed higher.
S&P500: 0.74%
Nasdaq: 1.26%
Dow: 0.05%
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