You’ve got 21 days to fire off your wisdom, and if you really got a burr under your saddle, you can send rebuttals for 35 days from good ol’ May 5. Horses and pigeons not accepted—email only, please.
Who would’ve thought? Crypto ETFs are on fire! Bitcoin ETFs closed their third consecutive week of gains, bringing in a staggering $1.81 billion between April 28 and May 2. And let’s not forget, there was a slight midweek hiccup (but who’s counting that?).
Now, the rumor mill was churning fast after that last bill with the jazzy name FIT21 was criticized for tying up the SEC’s shoelaces, leaving the poor fellows tottering around like dazed penguins. This latest creation is supposed to hand out clear lunchboxes: the SEC gets the cryptos wearing investment contract labels; the CFTC bags the rest (think: the crunchy digital commodities with extra nuts). Everybody’s happy—except perhaps the penguins. 🐧
BTCFi, the plucky upstart of the decentralized finance race, is still learning to tie its own blockchain bootlaces. Yet, the hype train is gathering steam. Pantera Capital, sporting their finest green eye shades, has suggested the sector could unlock $500 billion. That’s not chump change—even if you compared it to Jeff Bezos’s lunch allowance.
Stocks were all over the place on Monday. The Dow Jones had a bit of a pep in its step, climbing 96.64 points to 41,414. It was like, “Hey, I’m feeling good!” Meanwhile, the S&P 500 had a bit of a slump, losing 12.9 points to 5,673, while the Nasdaq was even grumpier, dropping 54.21 points to 17,923. Oh, Nasdaq, we get it, you’re not a morning person. 😅
Apparently, CZ’s invitation to join the Kyrgyz National Crypto Committee came straight from President Sadyr Japarov himself. How splendidly formal—no smoke signals or cryptic WhatsApp messages here! This committee exists to offer sage yet unsolicited advice on digital asset regulation throughout the enchanting land of Kyrgyzstan.
The logic? Well, it’s as simple and brutal as factory math: XRPL, they say, might someday handle $5 trillion in daily labor, and with the world’s tired pockets holding 50 billion tokens, each XRP should carry the muscle and dignity of a $100 note. A poetic vision, no? The kind you dream up after your fourth glass of hope and a bad shift at the ledger.
88% of Bitcoin’s supply is cruising in profit below $95K. Looks like investors are adjusting their hopes and dreams. 😅
As Friday, May 2, moseyed on by, Blackrock strutted onto the market floor like it owned the place (hint: it practically does). The ishares Bitcoin Trust (IBIT) lassoed an eye-popping $674.91 million all by its lonesome—other bitcoin ETFs couldn’t so much as find a penny under their couch cushions. Yet, that solo act tipped the whole wagon, ringing the day’s total net inflow for bitcoin ETFs at, you guessed it, $674.91 million.
The result? An announcement as grandiose as it was fraudulent: “First CRV airdrop!” sang the account, radiating the intoxicating scent of free money and hope. It even promised a brief window to join the festivities: one week, a mere snap of the fingers, until that magical Sunday at midnight UTC. The link? Oh, dear friends, what better bait than the familiar “curve.fi”—because surely you can trust everything with a dot and two letters at the end, da?
