Here are some of the latest news in the crypto space ¹ ² ³:
- SEC approves Ethereum ETFs: The US Securities and Exchange Commission (SEC) has approved exchange-traded funds (ETFs) that track the price of Ethereum, a $458 billion asset.
- Trump's Truth Social stock plummets: Donald Trump's social media company, Truth Social, has seen its stock price plummet after the release of its financial results.
- Crypto market update: The global crypto market cap has dropped 0.65% to around $2.58 trillion in the last 24 hours, while the total crypto market volume has decreased by 21.96% to $94.42 billion.
- Bitcoin price update: Bitcoin's price has slipped below $69.6k, while other cryptocurrencies like Shiba Inu and Solana have seen significant drops.
- US inflation report: The latest US inflation report has shown that producer prices have increased more than expected in April, indicating that inflation remains high.
- Crypto regulation: There are ongoing efforts to provide legal clarity for cryptocurrencies, with the House passing the FIT21 bill with a two-thirds majority.
- Bitcoin halving: Bitcoin's latest "halving" event has occurred, which is expected to reduce the rate of new Bitcoin issuance and curb inflationary pressures.