Cryptocurrency news
Bitcoin (BTC) has been on a slow recovery since mid-March. Moves to the upside are limited, and at present, involve multiple unsuccessful attempts to breach local resistance levels before a decisive break ultimately occurs https://lucky-tiger-casino-login.com/.
OFAC drops sanctions against Tornado Cash. On March 21, the Department of the Treasury announced the removal of economic sanctions against Tornado Cash «as reflected in Treasury’s Monday filing in Van Loon v. Department of the Treasury.» Treasury asserted that it «remains committed to using authorities to expose and disrupt the ability of malicious cyber actors to profit from their criminal activities through the exploitation of digital assets and the digital assets ecosystem.»
The Staff Statement does not address all material disclosure items, but focuses on certain disclosure requirements set forth in Regulation S-K that apply to registration forms under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, Form 20-F, and Form 1-A.
Cryptocurrency market news
CoinDCX Research Team noted, “The optimism around the Bitcoin price rally has increased significantly. Just before the day’s close, the token received a major bullish push, which helped it rise above $106K. The other tokens have also followed the trend, due to which the entire market has turned bullish, with the market cap rising above $3.35 trillion. Interestingly, Aave leads the top gainers with over a 20% rise, followed by Pendle & Curve DAO with 9% each and Ethereum, Maker & Chainlink with 6% to 7% each. Besides, Fartcoin drops by over 4%, the highest, while others are trying to rise above the bearish influence.”
CoinDCX Research Team noted, “The optimism around the Bitcoin price rally has increased significantly. Just before the day’s close, the token received a major bullish push, which helped it rise above $106K. The other tokens have also followed the trend, due to which the entire market has turned bullish, with the market cap rising above $3.35 trillion. Interestingly, Aave leads the top gainers with over a 20% rise, followed by Pendle & Curve DAO with 9% each and Ethereum, Maker & Chainlink with 6% to 7% each. Besides, Fartcoin drops by over 4%, the highest, while others are trying to rise above the bearish influence.”
Altcoins extended their winning streak on Tuesday as macro tailwinds and technical breakouts converged across the crypto market. The global cryptocurrency market cap climbed 2.2% in the last 24 hours to $3.53 trillion, lifted by positive sentiment following the U.S. April CPI data, which printed at 2.3%, its lowest since February 2021.
Lawmakers are now advocating for amendments to enhance consumer protections, enforce stricter financial controls and address potential ethical issues, particularly regarding the participation of large tech companies like Meta in the stablecoin space.
Fifth Third has formed internal teams across its business lines to integrate blockchain-based financial products responsibly. With mainstream banks finally stepping into crypto with more certainty, a new chapter of institutional adoption appears to be underway.
XRP slides for two consecutive days as sentiment in the broader market remains cautious. In its debut, the XRP futures launch on CME Group’s derivatives platform exceeded $2.4 million in trading volume.
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However, as some Democrats have insisted that an imperfect bill is better than no regulatory legislation, the top Democrat on the Senate Banking Committee argued the opposite. In a speech on the Senate floor on Monday afternoon, Sen. Elizabeth Warren insisted, “while a strong stablecoin bill is the best possible outcome, this weak bill is worse than no bill at all.”
While some Democrats agree that regulation is needed, and several voted to move the bill out of committee, Trump’s involvement in the crypto industry has complicated the legislation’s path. Trump launched a meme coin earlier this year that has generated more than $320 million in fees for its creators, according to the blockchain analysis firm Chainalysis. And earlier this week, Trump promoted a dinner he’s set to attend on May 22 that’s open to almost anyone who buys enough of the coins.
The vote is a blow to one of Trump’s top legislative priorities and a setback for the cryptocurrency industry, which spent heavily in last year’s election and has been emboldened to cement its influence in politics and the mainstream financial system. The legislation would aim to create a federal framework to regulate the stablecoin industry, which is currently governed by a patchwork of existing federal and state laws.
Also, this week’s top crypto news story is the Avalanche Summit in London, expected to start on Tuesday, May 20. The sentiment is that the Avalanche network might make major announcements during the summit.
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Cardano price hovers around its key support at $0.72 on Tuesday; a close below could trigger a correction. On-chain metrics support a bearish thesis as ADA daily active addresses and DEX trading volume are falling.
The abduction was prevented when the child’s father intervened and physically confronted the attackers, despite sustaining injuries. The suspects fled in the same van, which was later found abandoned nearby. The Paris prosecutor’s office is leading the investigation, suspecting financial motives linked to the family’s crypto connections.
Meanwhile, others say it concerns highlights by another Jupiter executive, @weremeow on X, about a major Jupiter event, including a product reveal and DAO discussion. Meanwhile, a key conversation in the Jupiter ecosystem concerns the JupNet.
🔴 @Valeurs | Ce mardi matin, deux personnes proches de l’univers de la cryptomonnaie ont fait l’objet d’une tentative d’enlèvement en plein Paris. Trois hommes cagoulés ont tenté de les faire monter de force à bord d’une fourgonnette, en vain. Les enlèvements de ce type, visant… pic.twitter.com/kgXrhIYORZ