El Salvador Increases Bitcoin Holdings
The government of El Salvador bought 1 more Bitcoin, bringing its reserve to 6.157 BTC. This shows that the country’s strategy of using crypto as an official currency continues. Its total value reached approximately $578 million.
Alameda Research Transferred 1,000 BTC
Alameda Research moved 1,000 BTC worth approximately $93 million to a new wallet. While the purpose of the transfer was not disclosed, the activity attracted investor interest. On-chain analysis shows that the funds were routed to a high-security address.
Bitcoin Spot ETFs Receive $442 Million Inflows
Bitcoin spot ETFs recorded net inflows for the fifth day in a row. BlackRock IBIT made the biggest contribution with $327 million. Total net asset value reached $107 billion.
Ethereum Spot ETFs Inflows of $63 Million,
Ethereum ETFs saw strong inflows, while Grayscale’s former fund ETHE saw outflows of $6.6 million. BlackRock ETHA attracted attention with an inflow of $40 million. Demand for ETH increased across the market.
Nvidia Halts Arbitrum Partnership Announcement
Nvidia canceled Arbitrum’s participation as an Ethereum partner in its AI program at the last minute. The company still excludes crypto projects from AI programs like Ignition and Inception. The industry attributes this to Nvidia’s cautious approach left over from the 2018 ICO bubble.
SEC Prepares to Withdraw Dragonchain Case
The SEC is preparing to withdraw its securities lawsuit over Dragonchain’s 2017 ICO. DRGN token rose by 95% after this development. Regulatory steps in favor of crypto under Trump are having an impact.
ApeCoin Launches NFT Staking Rewards on ApeChain
ApeCoin announced NFT staking rewards on ApeChain. Users need to renew their staking by switching to the new system. Staking on the old platform will no longer generate rewards.
Ranking Updated for Dinner with Trump Event
In the “Dinner” competition organized for TRUMP token holders, it was announced that the ranking will be based on time-weighted assets. There is no obligation to hold $300,000 worth of tokens. The locked tokens will remain inaccessible for 90 days.
SEC Discusses Tokenize Securities with Ondo Finance
The SEC discussed with Ondo Finance how to issue tokenized securities in a compliant manner. Issues such as registration, broker requirements and market structure were discussed. The talks could pave the way for new regulations.
CME Group to Launch XRP Futures
CME plans to launch XRP futures on May 19 after regulatory approval. The product will be offered in addition to Bitcoin and Ethereum futures. Traders will be given flexibility with micro and large contract options.
Ether.fi Transforms into DeFi Bank and Issues Cash Cards
Ether.fi has announced plans to establish a next-generation DeFi bank, combining traditional banking with DeFi. Users will be able to use cash cards for fiat transactions while staking ETH. This step aims to further integrate crypto into everyday financial life.
by Darkex Research – 1 min read
Disclaimer
The Daily News published on Darkex are for informational purposes only and do not constitute financial or investment advice. All investment decisions and associated risks are solely the responsibility of the investor.
Click for Market Pulse news articles prepared by the Darkex Research Team.
