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✅ The decorrelation between crypto and the stock market is out of whack, today stocks go up and crypto goes down 😒 Day summary: 🔸 "Fake Satoshi" Craig Wright has dropped his appeal against Hodlonaut in Norway 🔸 A Montenegrin court once again approved the extradition of Do Kwon 👨‍⚖️ 🔸 Bitfinex is launching a $6.25 million tokenized debt issue to construct a Hampton by Hilton hotel 🔸 Paraguay’s lawmakers have paused progress on a crypto mining ban and now considering selling excess energy to miners 🔸 BlackRock launched a Bitcoin ETF advertising campaign on Bloomberg's homepage 🔸 JPMorgan analysts warn of potential downside risk as crypto venture capital funding remains “subdued” 🔍 🔸 Lending protocol on Blast Pac Finance caused $24 million in liquidations after a sudden parameter change #TrenddingTopic

✅ The decorrelation between crypto and the stock market is out of whack, today stocks go up and crypto goes down 😒

Day summary:

🔸 "Fake Satoshi" Craig Wright has dropped his appeal against Hodlonaut in Norway

🔸 A Montenegrin court once again approved the extradition of Do Kwon 👨‍⚖️

🔸 Bitfinex is launching a $6.25 million tokenized debt issue to construct a Hampton by Hilton hotel

🔸 Paraguay’s lawmakers have paused progress on a crypto mining ban and now considering selling excess energy to miners

🔸 BlackRock launched a Bitcoin ETF advertising campaign on Bloomberg's homepage

🔸 JPMorgan analysts warn of potential downside risk as crypto venture capital funding remains “subdued” 🔍

🔸 Lending protocol on Blast Pac Finance caused $24 million in liquidations after a sudden parameter change

#TrenddingTopic

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✅ We started the week with a sharp rise and the bulls' attempt to consolidate above $65,000, but they failed and the whole week Bitcoin was falling in price until it reached the support level around $60k  📉 Weekly news digest: 💎 Crypto 🔸 The Bitcoin network has processed its one billionth transaction   🔸 Visa's study: More than 90% of stablecoin transactions aren’t from real users 🔸 Mode airdrop claim is open. Season 1 Phase 1 EIGEN stakedrop claims are open 🪂 🔸 P2P Monero trading platform, LocalMonero announced its closure 🏦 Crypto exchanges 🔸 FTX expected to return 98% of its creditors approximately 118% of their allowed claims    🔸 Binance surveillance team found DWF Labs engaged in market manipulation 🔸 Revolut rolled out Revolut X, a trading platform available to its UK retail customers 🔸 Bitfinex's CTO Paolo Ardoino, has now confirmed that the allegations of a database breach were "fake"   🔸 Kraken exchange's lawyers have asked a court to dismiss the SEC's claims 💵 Finances and Economy 🔸 Nigeria vowed to ban P2P crypto trading in the naira   🔸 Robinhood Crypto has received a Wells Notice from the SEC 🔸 EU seeks stakeholder opinions on adding crypto to the 12 trillion euro investment market ⚖️ Law and Order   🔸 Democrats have introduced a bill to the House of Representatives that would temporarily ban the use of crypto mixers 🔸 The House of Representatives voted in favor of a resolution to kill the SEC's accounting policy on crypto custody 🔸 US DoJ has arrested a member of the Cartier family for attempting to import 100 kilograms of cocaine and launder money through USDT 👮  🗣 Personalities   🔸 Robert F. Kennedy Jr. claims to have a dead worm in his brain 🔸 Twitter and Block co-founder Jack Dorsey argued that Bitcoin could hit $1 million and "beyond" in 2030 🔸 Legendary hedge fund manager Jim Simons died at the age of 86 #ETFvsBTC #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning
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