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Bitcoin Drops Below $68K, Ether Slumps in Sudden Crypto Sell-Off as ETH ETF Decision Looms

The sell-off was broad-based, with DOGE, SHIB, AVAX, LINK diving more than 4% in less than an hour.

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Gensler Says ‘Stay Tuned’ on U.S. SEC’s Decision on ETH ETF

The SEC faces a Thursday deadline for at least one of the spot ether ETF applications it’s reviewing.

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Fantom Foundation Creates Sonic Foundation, Labs for New Sonic Chain

Alongside the new entities, Fantom raised $10 million in a funding round that will go towards Sonic’s ecosystem development.

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Bitcoin and Wall Street: Insights from Alex Thorn of Galaxy Digital

The Head of Research at Galaxy Digital, a crypto-focused financial services firm, believes that both Wall Street and corporations will continue to adopt Bitcoin as we move into an age in which it’s normalized.

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White House Eager To Work With Congress On Crypto Framework Bill

The Biden Administration wants to work with Congress to develop regulatory framework for digital assets.

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OP_CAT and the Infinite Nothing

An analysis of the potential risks and externalities that could be created by the activation of OP_CAT.

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Ether Has 1 in 5 Chance of Tapping $5K by End-June, DeFi Options Protocol Lyra Says

Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.

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WisdomTree Gets Green Light to List Bitcoin, Ether ETPs on London Stock Exchange

WisdomTree’s Physical Bitcoin (BTCW) and Physical Ethereum (ETHW) exchange-traded products are expected to list on the LSE to professional investors on May 28.

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BlackRock’s Spot Bitcoin ETF Records Biggest Inflows Since April as BTC Hovers at $70K

Bitcoin spot ETFs in the U.S. have seen net inflows of over $1.4 billion in the past week after a timid first half of the month.

Crypto News

Ether Market Cap Adds Close to an Entire Solana Blockchain in a Single Day

SOL is often cited as a contender to replace ETH eventually. This week’s market action shows how Herculean the task would be.

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