Cryptocurrency Market News - Tuesday, May 21
During the trading session on May 20, the market witnessed excitement with $235 million invested in Bitcoin exchange-traded funds (ETFs) Spot. ARK Invest led with an investment of 68.3 million USD, followed by BlackRock with 65 million USD, and did not record selling activity from any fund.
Bitcoin (BTC) price recovered to $71,000, while Ethereum (ETH) surpassed $3,600 after the U.S. Securities and Exchange Commission (SEC) approved Ether Spot ETFs.
The FIT21 bill, which aims to clearly define whether cryptocurrencies are securities or commodities, will be voted on by the US House of Representatives early on the morning of May 23.
The Central Bank of Brazil is expected to announce a regulatory framework for cryptocurrencies later this year.
Grayscale has appointed a new CEO, who previously held the position of Chief Strategy Officer at Goldman Sachs and BlackRock.
Binance calls for small and medium-sized projects with high-quality products to apply for listing.
Gala Games has been the target of a cyberattack, with hackers claiming $21 million from a total of $200 million in additional GALA tokens.
Ionet has opened the airdrop testing portal, only 78,000 wallets out of 1.8 million wallets are eligible to participate. The initial token issuance event (TGE) will take place on major exchanges starting from June 4.
The DePIN project has raised 8 million USD in investment capital, is preparing to launch a testnet in the next few weeks and is expected to issue tokens in the third quarter of this year.
