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Despite the overall market slump, five tokens, including MEME and ORDI, maintained their value amidst a challenging environment
Grayscale’s Bitcoin Investment Trust (GBTC) witnessed the first net inflow of $4.64 million since its conversion in January after it had experienced huge net outflows.
The performance of these Hong Kong-based ETFs has been disappointing compared to the success of the US-based spot ETFs, which hold $55 billion in total value.
Dogecoin founder Billy Markus said that SEC has lost its integrity, and any positive outcomes are unlikely until its integrity is restored.
In order to take advantage from institutional investors, Bakkt has launched the BakktX, a revolutionary type of electronic communication network (ECN) designed specifically for institutional crypto trading.
Lower-than-expected April CPI data (0.3%) boosts markets on hope of Fed rate cuts and increased liquidity.
The Swiss Federal Council’s proposal to include crypto assets in the Automatic Exchange of Information (AEOI) system shows the country’s commitment to crypto tax compliance and transparency.
President Nayib Bukele leads an administration with a specialized “Bitcoin Office” managing mining operations. The government reports El Salvador now holds 5,750 BTC, valued at around $354 million.
“It’s the million-dollar question in crypto right now – when will retail traders come back?” said Michael Rinko, an analyst at Delphi Digital.
Industry experts claim that political changes could delay progress but emphasize the proactive stance taken by regulators like the Bank of England and the FCA in releasing discussion papers on stablecoins.