Wisconsin Investment Committee Sells Entire BTC Spot ETF Position
According to the U.S. Securities and Exchange Commission (SEC) disclosure, Walter Bloomberg reported that the Wisconsin State Investment Board (SWIB) has sold its entire BTC spot ETF holdings. This was confirmed through the 13F securities holdings report submitted by SWIB, though the specific timing of the sale and profit realization have not yet been disclosed. Previously, the Wisconsin State Investment Board had reported holding $320 million worth of BlackRock's BTC spot ETF (6,060,351 shares) as of December 31st (local time).
SEC Investigating Coinbase Data Leak
The New York Times (NYT) reported that the U.S. Securities and Exchange Commission (SEC) is investigating whether Coinbase miscalculated the scale of user data leakage. Previously, Coinbase had announced that some user data was leaked and that they plan to compensate affected customers.
U.S. Department of Justice to Proceed with Trial of Tornado Cash Founder
According to Decrypt, the U.S. Department of Justice stated it will proceed with the trial against Tornado Cash founder and developer Roman Storm on money laundering charges. Previously, multiple cryptocurrency companies and foundations had sent a letter to David Sacks, the Trump administration's crypto and AI czar, urging the withdrawal of criminal charges against Tornado Cash. The trial is scheduled to be held in July at the Manhattan Federal Court.
U.S. Court Rejects Ripple and SEC Settlement Request
Federal prosecutor-turned-lawyer James K. Filan reported that the U.S. Southern District Court of New York rejected the settlement request between Ripple and the SEC. The SEC had requested reducing the fine from $125 million to $50 million and lifting the XRP sales prohibition, but Judge Analisa Torres deemed the request procedurally inappropriate. The U.S. court had previously ruled in July 2023 that XRP sales through programming were not considered securities sales, but institutional investor XRP sales violated securities laws.
FTX to Begin Second Creditor Repayment on 5/30
Tri News reported that FTX will start its second creditor repayment on May 30th (local time). This repayment, exceeding $5 billion, targets customers who held accounts at the time of bankruptcy in November 2022 and general unsecured creditors.
U.S. Republican Senate Majority Leader Submits Final GENIUS Act, Revote Scheduled for 5/19
Eleanor Terrett reported that U.S. Republican Senate Majority Leader John Thune has resubmitted the final version of the U.S. Stablecoin Regulation GENIUS Act, with a revote scheduled for May 19th (local time). The GENIUS Act failed to pass the threshold for house consideration on the 9th. The amendment reportedly includes provisions prohibiting the use of U.S.-related terms for stablecoins and banning stablecoin issuance by non-financial listed companies and Big Tech firms (Meta, Amazon, Google, Microsoft) that do not meet financial risk, consumer data protection, and fair trade standards.
[Translation continues in the same manner for the remaining paragraphs]Bitdeer, a Bitcoin cloud mining company, reported a 41% decrease in first-quarter revenue to $70.1 million compared to the same period last year, according to Cointelegraph. However, the company achieved a net profit of $400 million during the same period due to the increased value of convertible bonds and warrants received from Tether, a stablecoin issuer, in 2024. Tether holds a 21% stake in Bitdeer as of March.
Sonic Terminates Market Making Contract with Wintermute
The X account assistant.sonic, known as Sonic's (S·formerly Phantom) Chief Strategy Officer, announced that they will not renew the five-year exclusive contract with cryptocurrency market-making firm Wintermute. He added that Sonic is looking for a new market-making partner capable of supporting centralized exchange liquidity, participating in the DeFi ecosystem, promoting ecosystem growth, and hosting global community events.
Aave Community Pursuing Governance for PEPE Collateral Adoption
The decentralized lending protocol Aave community passed a temperature check governance proposal with a 76.76% approval rate to adopt the meme coin Pepe (PEPE) as a platform collateral asset. The governance will be formally implemented after the ARFC procedure.
Ather Announces Checker Node Buyback on 5/22
Ather (ATH), a decentralized cloud GPU network, announced a Checker Node buyback on May 22 (local time). Existing Checker Node holders can sell their nodes at a fixed price (eATH) and receive additional rewards from Ather and EigenLayer.
Nasdaq-Listed Chinese Textile Firm Adentax Discusses Potential $800M Crypto Purchase
Adentax Group (ticker: ATXG), a Nasdaq-listed Chinese textile and clothing company, announced discussions to acquire 8,000 BTC and other major cryptocurrencies, including the meme coin TRUMP. The target acquisition amount is equivalent to $800 million, to be raised through common stock issuance.
Cygnus Partners with Pendle to Support wcgUSD
Cygnus, a Web3 and Instagram app layer, announced via X a partnership with Pendle, a DeFi yield protocol, through which Pendle will support wcgUSD.
Trump's Son Says "Accumulating BTC is a Race to the Top"
Eric Trump, son of former US President Donald Trump, stated at Consensus 2025 in Toronto that "accumulating as much Bitcoin as possible is a 'race of the top'," according to Watcher Guru.
Russian Central Bank: Bitcoin Top-Performing Asset, Outperforms Gold and Stocks
The Russian Central Bank reported in a report that Bitcoin is the best-performing asset this year, according to Watcher Guru. The report analyzed that Bitcoin has outperformed traditional investment assets like gold and stocks.
300,000,090 USDT Transferred from HTX to Aave
According to Whale Alert, 300,000,090 USDT was transferred from the HTX address to the Aave address, amounting to $300 million.
9,151 Billion Won Worth of BTC Deposited to Multiple Futures Exchanges in the Last Hour
According to Crypto Quant Alarm, 6,268.78 BTC (worth 9,151 billion won) was deposited to multiple futures exchanges in the last hour. 5,847 BTC was deposited to Binance, 213 BTC to Kraken, and 92 BTC to Bybit.
UAE President: "$1.4 Trillion Investment in US Over Next 10 Years"
UAE President Mohammed bin Zayed Al Nahyan stated in a joint press conference with former US President Donald Trump that "UAE will invest $1.4 trillion in the United States over the next 10 years," according to Walter Bloomberg.
Russia-Ukraine Istanbul Talks Expected to Begin on 16th
According to Yonhap News, TASS news agency reported that the Russia-Ukraine Istanbul talks are expected to begin on the 16th, seemingly delayed by one day from the originally scheduled time.
BTC Surpasses $104,000
According to Coinness market monitoring, BTC has surpassed $104,000. BTC is trading at $104,023.5 on the Binance USDT market.
BTC Surpasses $103,000
According to Coinness market monitoring, BTC has surpassed $103,000. BTC is trading at $103,021.99 on the Binance USDT market.
BTC Falls Below $103,000
According to Coinness market monitoring, BTC has fallen below $103,000. BTC is trading at $102,964.33 on the Binance USDT market.
