16 may: no new rules

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"It does not matter how slowly you go as long as you do not stop."

Happy Tuesday Folks! , Paul Tudor Jones will stick with Bitcoin, 1M Wallets hold 1 $BTC, and BlockFi to dissolve lending platform; price of Bitcoin is currently at $27,091.20fear and greed index jumped a bit to 54 and the best performing asset for the past 24 hours is $ETH up 0.19%; in position #2. Let's get on to the news...

  • EU approve MiCA (3)
  • No new Rules says SEC (2)
  • BlockFi had poor management (2)

BNY Mellon Commits to Long-Term Digital Asset Initiatives. US Secret Service holds , praises blockchain tech in Reddit AMA. Ordinals, BRC-20 Tokens, and Miners Offloading

-Ether Correlation Weakest Since 2021, Hints at Regime Change in Crypto Market.

ETHEREUM

Lido Launches V2 and Releases Staked for Withdrawals.

: The New Crypto Cycle Will Be About Yields: Bernstein

STABLECOINS & CBDCS

Minneapolis Fed president Kashkari weighs in on : ‘Handwaving word salad.’

LEGISLATION & REGULATION

Leaked Memo Reveals US Democrats’ Organized Anti-Crypto Stance. 'Stands Ready to Help' as Crypto Startups Face Wave of Enforcement Actions. Banks, lawmakers add to Circle, Coinbase, a16z critiques of custody . COINBASE Hasn't Proven Needs to Create Crypto-Specific Rules, Regulator Says.(2) finance ministers MiCA crypto ; adopts to collect crypto transaction data to give tax authorities.(3)

LEGAL CASES

BlockFi used customer to buy $30M insurance, creditors claim.(2) moves $780 million in stETH as Lido Finance enables withdrawals.

Podcast of the Day: The Power of Bitcoin: Joe Burnett on Saving Wealth at Scale & Hyperbitcoinization" |

Regulation and Society adoption

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