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Yoyodex: 🧙‍♂️Ethereum ETF issuers were given until this morning to submit their final 19b-4 forms. 🧙‍♂️It was stated that 19b-4 forms can be approved today, but the approval of S-1 forms, which are required to open ETFs for trading, will not be valid for a few weeks. -The Block 🧙‍♂️The US House of Representatives passed a bill banning the Fed from creating a central bank digital currency (CBDC). 🧙‍♂️Coinbase announced that it has launched #AVAX staking. 🧙‍♂️BREAKING NEWS! SEC approves #Ethereum Spot ETFs. 🧙‍♂️VanEck applied for Ethereum ETF S-1/A. 🧙‍♂️ Kabosu, the dog in #Dogecoin's logo, has passed away. 🧙‍♂️ On May 23, spot Bitcoin ETFs recorded net inflows of $107.9 billion. 🧙‍♂️ BlackRock's spot #Bitcoin ETF saw the highest inflow at $89 million. Grayscale Bitcoin #ETF experienced an outflow of $13.7 million. 🧙‍♂️ At Starknet's unlock event, $1.05 million worth of STRK tokens were transferred to Vitalik Buterin. $BTC $DOGE $AVAX

Yoyodex:

🧙‍♂️Ethereum ETF issuers were given until this morning to submit their final 19b-4 forms.

🧙‍♂️It was stated that 19b-4 forms can be approved today, but the approval of S-1 forms, which are required to open ETFs for trading, will not be valid for a few weeks. -The Block

🧙‍♂️The US House of Representatives passed a bill banning the Fed from creating a central bank digital currency (CBDC).

🧙‍♂️Coinbase announced that it has launched #AVAX staking.

🧙‍♂️BREAKING NEWS! SEC approves #Ethereum Spot ETFs.

🧙‍♂️VanEck applied for Ethereum ETF S-1/A.

🧙‍♂️ Kabosu, the dog in #Dogecoin's logo, has passed away.

🧙‍♂️ On May 23, spot Bitcoin ETFs recorded net inflows of $107.9 billion.

🧙‍♂️ BlackRock's spot #Bitcoin ETF saw the highest inflow at $89 million.

Grayscale Bitcoin #ETF experienced an outflow of $13.7 million.

🧙‍♂️ At Starknet's unlock event, $1.05 million worth of STRK tokens were transferred to Vitalik Buterin.

$BTC $DOGE $AVAX

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Biden Administration to Join Historic Bitcoin Roundtable After Trump Supports BTC. The #Biden Administration will meet with key Congressional officials at a Bitcoin and blockchain roundtable that could signal a shift in federal policy toward digital asset innovations. The event, planned to be held in Washington, D.C. in early July, is organized by California Representative Ro Khanna and aims to support Bitcoin and blockchain technological developments in America. A private email obtained by #Bitcoin Magazine reveals that the Biden Administration, members of the House of Representatives and the Senate, and well-known entrepreneur Mark Cuban will attend the meeting. This meeting is described as the most important dialogue between policymakers and blockchain industry leaders and underscores the importance of this initiative. This historic meeting comes on the heels of former President Donald Trump's strong advocacy for the Bitcoin industry. Trump announced that he supports Bitcoin Lightning payments in campaign donations and will end Biden's hostile stance towards the crypto industry. By backing #Bitcoin and promising to encourage its growth in America, Trump adds significant political weight to the ongoing dialogue regarding cryptocurrency regulations. The Biden Administration has previously taken a strict approach towards cryptocurrency regulations. Like vetoing legislation that would allow regulated financial institutions to hold Bitcoin and other cryptocurrencies. Additionally, in April, the Department of Justice arrested the founders and CEO of Samourai wallet, a leading #Bitcoin mixing service, on money laundering charges. The anticipated roundtable meeting between the Biden Administration and Congressional officials could be an important moment for cryptocurrency regulation in the United States. This meeting aims to ensure the development of Bitcoin and blockchain innovations on American soil by addressing the needs and potential of the sector.
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Tether CEO: USDT's Critical Role in Increasing US Dollar Demand Amid Economic Instability. Tether CEO Paolo Ardoino, in a post on X, emphasized the critical role of Dollar-backed stablecoins such as USDT in the US economy. Ardoino stated that USDT is an important tool in increasing the demand for US Dollars on a global scale and is of great importance in a period of economic instability. USDT as Protection Against Inflation and Currency Depreciation Ardoino explained that USDT being backed by the US Dollar offers a stable investment tool for those who want to avoid the traps of inflation and currency depreciation. By keeping its value pegged to the Dollar, #USDT provides a reliable hedge for investors seeking consistency amid economic fluctuations. Tether CEO emphasized the huge impact of USDT, citing a Wall Street Journal article discussing USDT's impact on American public debt. With over 300 million users worldwide, USDT is becoming synonymous with the term “digital dollar”. Ardoino stated that Tether is now among the top three global buyers of short-term US Treasury bills and in the top 20 worldwide. This purchasing power reflects Tether's increasing influence in the global financial ecosystem and its ability to influence economic trends. In a related discussion, Ardoino highlighted that among more than 14,000 digital assets, Bitcoin stands out as the only truly decentralized cryptocurrency. “#Bitcoin is the only example of an immutable currency governed entirely by mathematics,” he said. Ardoino's predictions reveal the growing importance of USDT on both the local and global economic scene. Investors benefit from its stability and inflation protection properties, while its significant presence in US Treasury bonds reinforces Tether's global financial influence. Moreover, these statements, which underline the difference between Bitcoin and other cryptocurrencies, reaffirm the qualities that make #Bitcoin stand out as a decentralized financial instrument.
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