During the period from May 25 to May 31, a total of $185 million was invested in cryptocurrency products. This brought the total for the month of May to almost $2 billion, according to calculations by CoinShares.
President Joe Biden of the United States has rejected a resolution aimed at overturning the SEC’s Staff Accounting Bulletin (SAB) No. 121.
A recent report from blockchain security firm Immunefi revealed a 12% decrease in losses from fraud and hacks in the crypto industry compared to the previous year.
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 forecasts that the total value of exchange-traded funds based on Bitcoin and Ethereum will reach $450 billion within the next two years.
His on-chain portfolio has now exceeded $10 million, mainly thanks to the increasing value of the MAGA (TRUMP) meme coin.
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.
