2025-05-20 23:15:20
🗞 Catch up on the news over the last 24 hours! 🇺🇸The GENIUS Act has passed the motion to invoke cloture with a 66-32 vote. 🚨The DOJ is investigating Coinbase data breach, per Bloomberg. ⚡️Ripple CEO Brad Garlinghouse says Senator Cynthia Lummis canceled their meeting without rescheduling. 🚨 Jim Cramer says he always favored gold and insurance against excessive government borrowing and now adds Bitcoin into the list. ⚡️ Circle is pursuing IPO plans while simultaneously in talks with Ripple and Coinbase about potential acquisition, per Fortune. 🇺🇸 The SEC has delayed decision on 21Shares, Bitwise, VanEck and Canary Capital spot #Solana ETF proposal. 📊 Ethereum's supply on exchanges has dropped below 4.9% for the first time in history, while Bitcoin's exchange supply is down to 7.1% the lowest since November 2018. 🇺🇸 ETF FLOWS: Around 6,270 $BTC and 5,490 $ETH were bought on May 19. 📊 Fidelity scoops up 1,790 $BTC worth $188M. ⚡️ Genesis sues DCG and Barry Silbert to claw back $3.3B, alleging fraud, insider enrichment, and concealed fund transfers before bankruptcy. 🔥 Binance files to dismiss FTX’s $1.76B lawsuit, calling claims frivolous and arguing U.S. courts lack jurisdiction. 🇪🇺 Kraken wins EU license via Cyprus deal, bringing regulated crypto derivatives trading to all 27 member states. 🔥 Robinhood submits SEC proposal to regulate tokenized real-world assets, aiming to bring Wall Street onchain and unlock a $30T market. 🚨 Standard Chartered’s Geoff Kendrick says SEC 13F filings show rising exposure to Bitcoin via proxies like Strategy, supporting a $500K $BTC target by end-2028. ⚡️ Elon Musk says he is moving forward with his lawsuit against OpenAI. 🚨 Ethereum cofounder Jeffrey Wilcke sent $262M in $ETH to Kraken, per Arkham data. 🇦🇷 President Milei shuts down Argentina’s unit probing the $LIBRA crypto scandal. 📊 Jeffrey Wilcke appears to have withdrawn 105,737 $ETH from Kraken via 8 new wallets, just an hour after depositing the same amount, per Arkham data. 🔥 The top 85 companies collectively hold over 800,000 $BTC on their balance sheets. ⚡️ $1 Trillion asset manager Blackstone has revealed they own 23,094 shares of BlackRock’s Bitcoin ETF ($IBIT) as of March 31. 📈 Fidelity’s Jurrien Timmer says #Bitcoin may be replacing gold again as $BTC breaks $100K, favoring a 4:1 gold-to-BTC allocation. 🇺🇸 Texas House advances Strategic Bitcoin Reserve bill (SB 21) on second reading, moving it one step closer to becoming law.