Bitcoin Declines as US PCE Inflation Hits 3.8%
US PCE inflation rose to 3.8%, exceeding March’s 3.5%, pressuring risk assets and causing Bitcoin to decline amid geopolitical tensions; Core PCE missed forecasts at 0.2% #Breaking #Crypto $BTC (-8) ↘
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Crypto Bill Gains Momentum as Treasury Secretary Advocates
The Digital Asset Market Clarity Act gains momentum in Congress, with Treasury Secretary Scott Bessent advocating for regulatory clarity and bipartisan support, predicting a 57% chance of approval by 2026. #Update #Crypto $BTC
Bitcoin Falls Out of Top 10 Assets
Bitcoin ($BTC) has dropped out of the top 10 largest assets globally, with a market cap of $1.459 trillion, as it struggles to maintain a price above $73,000 amid significant liquidations totaling over $930 million. #Update #Crypto $BTC
PCE Inflation Surges as Wall Street Giants React
US PCE inflation expected at 3.8% today, raising concerns for stocks and crypto; major banks predict further selloffs in risk assets like $BTC and $ETH. #Update #Crypto $BTC
SEC Faces Ripple’s Call for Crypto Clarity
@Ripple has submitted proposals to the US SEC, seeking clarity on stablecoins, non-security crypto assets, and tokenized securities regulations, marking a significant push for industry guidance. #Update #Crypto $XRP
Bitcoin Dumps $192M to Coinbase Why
@BlackRock transferred 2,538 Bitcoin worth over $192 million to Coinbase Prime amid trading activity related to its spot Bitcoin ETF, IBIT. #Update #Crypto $BTC
Bitcoin Treasury Firm Strive Raises $30M for BTC
@StriveInc raised $30.8M in preferred stock to enhance its Bitcoin treasury, acquiring over 1,100 BTC. Meanwhile, competitor @Strategy’s STRC stock remains below $100 with no recent proceeds. #Update #Crypto $BTC
CFTC Control of Prediction Markets Secured
U.S. President Donald Trump advocates for exclusive CFTC oversight of prediction markets amid legal challenges faced by operators Kalshi and Polymarket. #Breaking #Legal $BTC
Bitcoin ETF Faces $1.3 Billion Sell-Off
@BlackRock’s Bitcoin ETF experienced a significant market event on May 26, with a single block trade of 29 million shares valued at $1.3 billion. The ETF price stabilized after initial volatility. #Update #Crypto $BTC
XRP NEAR Solana Attract $1.47B Amid Crypto Losses
In major crypto news today, retail and institutional investors are buying $XRP, $NEAR, and $SOL as institutions rotate out of $BTC and $ETH, amid crypto funds seeing $1.47B in outflows. #Update #Crypto $XRP $NEAR $SOL
Stablecoin Firms Launch Treasury Reserves On-Chain
@BlackRock and @JPMorgan are preparing tokenized treasury products in collaboration with stablecoin firms, enhancing blockchain finance’s role on Wall Street. #Update #Crypto $USDC
XRP Ledger Launches Major Upgrade This Week
The XRP Ledger community must upgrade to v3.1.3 by May 27 to avoid disruptions, impacting validators, exchanges, NFT platforms, and node operators. #Update #Crypto $XRP
Ethereum Holdings Surge to 4.5% Total Supply
@Bitmine has acquired 111,942 $ETH, nearing 4.5% of Ethereum’s total supply and approaching its goal of 5%. BMNR stock rises as the firm aims to join the Russell. #Update #Crypto $ETH
Bitcoin Boosts Yield with $1.5B Buyback
@MicroStrategy has executed a $1.5 billion convertible bond repurchase, pausing its Bitcoin acquisition efforts through equity sales, as announced by Michael Saylor. #Update #Crypto $BTC