✅ 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