Inflows into Crypto-based Products Reach $1B
In the May 18 to May 24 period, cryptocurrency investment products experienced a significant inflow of $1.05 billion, marking the third consecutive week of positive trend, as reported by CoinShares.
Bernstein: The Crypto ETF Market Will Grow to $450 Billion
Bernstein forecasts that the total value of exchange-traded funds based on Bitcoin and Ethereum will reach $450 billion within the next two years.
Donald Trump’s Crypto Assets Holdings Exceed $10 Million
His on-chain portfolio has now exceeded $10 million, mainly thanks to the increasing value of the MAGA (TRUMP) meme coin.
Mt. Gox Moves Funds from Cold Wallets for First Time in 5 Years
Early on Tuesday, the now-defunct cryptocurrency exchange Mt. Gox transferred approximately 107,000 Bitcoin, worth around $7.2 billion, according to data from Arkham Intelligence.
Standard Chartered: Other ETFs Will Be Launched Next Year
The next major phase for exchange-traded funds is expected to start in 2025. SOL and XRP are expected to be the next cryptocurrencies in line, according to Jeffrey Kendrick, head of research at Standard Chartered.
Korean Regulators Under Pressure to Approve Crypto ETFs
The South Korean government faces increasing pressure to approve cryptocurrency ETFs after the SEC approved spot Ethereum ETFs in the United States, following the earlier approval of Bitcoin ETFs.
Binance.US to Resume Money Services in Florida
Binance.US successfully appealed the suspension of its money-services business license in Florida.
