The left-wing Democratic Party of Korea plans to ask financial regulators to review the currently banned trading of spot bitcoin exchange-traded funds (ETFs). This marks the party's next move to make spot bitcoin funds available locally. In the April election, the opposition Democratic Party won a major victory, securing 175 of the 300 seats in the local legislature, while the ruling conservative party won 108 seats. The party had promised to allow local financial institutions to launch spot crypto ETFs and allow individual investors to buy these funds through tax-free accounts. A report from BloomingBit cited a member as saying that once the 22nd National Assembly of Korea opens in June, the Democratic Party plans to ask the Financial Services Commission, the country's top financial regulator, to re-examine spot bitcoin ETFs with the aim of opening such products locally. Reportedly, the FSC concluded that there is no legal basis to indicate that bitcoin or other cryptocurrencies can serve as underlying assets for such products, so currently spot bitcoin ETFs cannot be issued or traded.
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According to Cyvers Alerts system monitoring, PinkDrainer has transferred $5.9 million to other addresses through 5 different addresses, and 600 ETH worth $200,000 has been transferred.
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According to Whales Market information, EIGEN futures are now reported at $8.53, with a 24-hour increase of 14.7%.
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10x Research stated on X platform that the current cryptocurrency bull market cycle may be shorter than previous cycles and is unlikely to reach its climax during a widespread rebound in altcoins, despite daily trading volumes exceeding $100 billion and cryptocurrency projects rapidly developing and updating. However, the growth potential of the industry is still greatly limited; real-time on-chain analysis keeps cryptocurrency traders engaged, contrasting with traditional stock investors who wait for quarterly returns. Nevertheless, challenges facing the cryptocurrency market may limit the breadth and duration of the bull market. In the next ten weeks, nearly $2 billion worth of tokens will be unlocked in succession, which may lower the market price of altcoins.
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On May 3rd, the first batch of 6 Bitcoin and Ethereum spot ETF funds launched in Hong Kong today with a total transaction amount of approximately HKD 47.1 million, including:Huaxia Bitcoin ETF (3042. HK) reached HKD 12.65 million;Huaxia Ethereum ETF (3046. HK) reached HKD 2.97 million;ChinaAMC Bitcoin Spot ETF (3439. HK) reached HKD 19.11 million;ChinaAMC Ethereum Spot ETF (3179. HK) reached HKD 1.11 million;Foresight HashKey Bitcoin ETF (3008. HK) had a transaction amount of approximately HKD 10.08 million;Foresight HashKey Ethereum ETF (3009. HK) reached HKD 1.18 million.
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The Chicago Board Options Exchange (CBOE) has proposed to modify the rules of its exchange-listed and traded Franklin Bitcoin ETF. This modification aims to adjust the time when purchase orders for cash trading creation baskets must be submitted. The proposal is made under BZX Rule 14.11(E)(4) and specific details have not been disclosed yet, but this move may affect the timing of traders' ETF purchases.
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The Digital Chamber of Commerce, a cryptocurrency trading association, condemned the SEC's submission of a Wells notice to Robinhood Crypto. In a statement released on May 6th, the association expressed "deep disappointment and concern" about this action and called it an example of excessive regulation.
The Digital Chamber emphasized that it has always opposed the SEC's expansion of its jurisdiction without congressional authorization. It noted that Congress is actively considering legislation to define regulatory jurisdiction over cryptocurrencies and that the SEC has violated this process.
To address the jurisdictional issue, the Digital Chamber urged "immediate legislative action" and called for SEC Chairman Gary Gensler to be compelled to testify before Congress.
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Jupiter founder meow posted on social media that he has been intensively making some more basic backend improvements to Jupiter to improve the core system. Expected improvements include (but are not limited to):Perp latency: How to reduce latency and increase normal operating time;Token search: Easily filter, search, and sort millions of new tokens that are coming soon;Routing: Quickly integrate tokens and market sets into Jupiter's routing engine and automatic slippage engine, while improving the problem of transient false routing;Safety and convenience: Maintaining a balance between making transactions as secure as possible while remaining as convenient as possible.
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Cyvers Alerts system monitoring showed that in November of last year, the Polish exchange fell victim to a security vulnerability, losing about $125 million worth of hot wallets. Today, hackers deposited 1,126 ETH (worth $3.4 million) into Tornado.cash.
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Kenyan President William Ruto announced that the government has appointed Bitcoin miner Marathon Digital as an advisor to discuss cryptocurrency regulations with the Kenyan Ministry of Finance and Energy. Marathon Digital will also discuss energy requirements related to cryptocurrency mining with the Energy Ministry.
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Australia's markets regulator, the Australian Securities and Investments Commission (ASIC), has mostly won its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme. The Australian Federal Court ruled in favor of ASIC, except for the period during which BPS was an authorized representative of PNI Financial Services Pty Ltd. The court clarified that blockchain was not part of the financial product, rejecting ASIC's attempts to have an entire blockchain found to be part of a "financial product" under Australian law. The order asked ASIC and BPS to agree on a form of an order that would resolve the remaining questions, including penalties for later this month.
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Friend.Tech launched version 2 of its platform and airdropped its native token, FRIEND, which initially saw its price rise to $169 before plummeting to $2.5 due to liquidity issues. The new version of the platform includes the Money Club feature, which provides a space for financial discussion and networking, and a new point system. At present, crypto assets worth $29.8 million are locked in Friend.Tech, down from the peak of $52.04 million in early October. The airdrop was a "concentrated airdrop," with leading creators taking the most supply home, leaving retail investors with less than expected.
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TheDataNerd has monitored that in the past 12 hours, three wallets (possibly belonging to one whale) have deposited 433,000 LINK tokens (worth about $6.2 million) into Coinbase. These wallets accumulated about 144,000 LINK tokens 2-3 weeks ago, with an average entry price of $14. If they sell all of their tokens at the current price, these wallets will make a profit of about $BTC #BNB挖礦

AgriDex, a tokenization platform on the Solana blockchain, announced the completion of a $5 million Pre-Seed round of financing, led by Endeavor Ventures, with participation from African Crops Limited, Oldenburg Vineyards, and former Goldman Sachs and Citadel executive, Hank Oberoi. It is reported that AgriDex is expected to launch its platform and token, AGRI, in the third quarter of this year. According to its white paper, AgriDex has reserved 5% of the total token supply, or 50 million tokens out of 1 billion tokens, for airdrops.
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