● CME Group data: Institutions flock to Ethereum after Shanghai upgrade

Open interest in Chicago Mercantile Exchange (CME) futures has risen to its highest level since March 2022, according to CME Group data, indicating that institutional traders are pouring into the crypto market. (CoinDesk)

● EU lawmakers generally support MiCA bill during debate

EU lawmakers expressed continued support for the EU Crypto-Asset Market Regulation Act (MiCA) during a debate on Wednesday, suggesting that the final vote scheduled for Thursday may pass smoothly. (CoinDesk)

● Hong Kong court defines cryptocurrency as property “capable of being held in trust” in Gatecoin-related case

According to a report released by law firm Hogan Lovells, the Hong Kong District Court defined cryptocurrency as property "capable of being held in trust" in a "Gatecoin-related case." (CoinDesk)

● Tesla did not sell or buy Bitcoin in Q1 2023, and its holdings remained unchanged for three consecutive quarters

According to Tesla's financial report data, no Bitcoin was sold or purchased in the first quarter of 2023. As of the end of the first quarter, the value of digital assets held by Tesla was US$184 million (current accounting standards do not allow the inclusion of such gains, and the valuation of Bitcoin remains unchanged), which was the same as in the fourth quarter of 2022. Tesla's Bitcoin holdings have remained unchanged for three consecutive quarters.

● The Russian Central Bank is drafting a bill to support the introduction of cryptocurrencies into foreign settlements

Elvira Naiullina, the governor of the Russian Central Bank, said on Monday that the Russian Central Bank is preparing a bill that will introduce an "experimental legal system" to allow cryptocurrencies to be used exclusively for import and export transactions, or to establish a special organization responsible for cryptocurrency mining and processing cross-border trade payments. (CoinDesk)