[Flash News] In May 2024, the cryptocurrency market is active, and significant progress has been made in the regulatory field and market dynamics. The approval of the spot Ethereum ETF significantly boosted market confidence, and the asset management scale of the BTC ETF rebounded to US$60 billion. The stablecoin field has mixed performance. The issuance of fiat-backed stablecoins (such as USDC and FDUSD) has declined, while the issuance of USDe has reached a new high. Despite the decrease in capital inflows into public chains and Layer 2 solutions, overall market investment still maintains positive growth. In addition, attention assets such as character and celebrity emoticon tokens are favored by the market. Amid the weak performance of BRC20, Runes leads BTC trading, challenging the dominance of Ordinals/BRC20 in the BTC native asset field. The cryptocurrency market disclosed 156 investment and financing projects totaling $1.02 billion. Meanwhile, Turkey plans to enact new cryptocurrency regulatory laws to reduce the risks associated with cryptocurrency trading.