#MEMEAct WASHINGTON (TNND) — Sen. Chris Murphy, D-Conn., on | 4au3296af on Binance Square

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#MEMEAct WASHINGTON (TNND) — Sen. Chris Murphy, D-Conn., on Tuesday announced he had introduced the “Modern Emoluments and Malfeasance Enforcement Act,” or “MEME Act,” targeting federal officials who release meme coins. Meme coins are a form of cryptocurrency with ironic or humorous appeal due to a connection to internet memes.

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#AltcoinSeasonLoading The data-driven caution suggests that a full altcoin season has yet to emerge. However, some individual coins are starting to display isolated strength. Elsewhere, the global CoinMarketCap Altcoin Season Index remains at 22. This means the market is still predominantly bearish toward the altcoins over BTC.

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#StripeStablecoinAccounts . Stripe introduced Stablecoin Financial Accounts, powered by Bridge, unlocking access to USD-denominated services in over 100 new countries. These accounts combine stablecoin storage with traditional rails like ACH, wire, and SEPA, offering the ability to hold, send, and receive USD or EUR, instantly and globally.

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#BTCBreaks99K . 1. Breakthrough Background and Current Price Performance Key Resistance Breakthrough Bitcoin successfully broke through the $99,000 mark today (May 8), reaching a high of $99,450, the first time since mid-April. Previously, BTC oscillated in the $97,000-$98,000 range for over a week, completing a power accumulation breakthrough after multiple tests of the resistance level. Technical Resonance Signals The 4-hour chart shows the Bollinger Bands expanding, the MACD red bars continuing to grow, and the RSI rising to 65 (not overbought), indicating sufficient short-term upward momentum. On the daily chart, BTC has stabilized above the EMA7 ($96,252) and EMA30 ($95,587), forming a bullish arrangement. After breaking through the key Fibonacci retracement level of $98,800 (1.618 extension from the low of $93,398), the technical indicators confirm the continuation of the upward trend. 2. Analysis of Driving Factors Market Sentiment and Capital Inflow Institutional Capital: BlackRock's Bitcoin ETF has seen net inflows for 17 consecutive days, with a single-day addition of 320 BTC (approximately $31.68 million), accumulating over $7 billion in inflows this year, indicating continued institutional accumulation. On-chain Data: The net outflow of BTC from exchanges reached 42,000 coins/week, hitting a new high since December 2024, indicating an increase in long-term holders' proportion. Macro Policy Catalysts The Federal Reserve's May meeting maintained interest rates, and although Powell mentioned inflation risks, the market interpreted it as “neutral to dovish,” leading to a collective rebound in risk assets. The U.S. OCC approved banks to directly engage in stablecoin business, enhancing the interoperability of cryptocurrencies and traditional finance, indirectly benefiting Bitcoin as a safe-haven asset known as “digital gold.” challenge the $105,000-$112,000 range.

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#BTCPrediction Binance founder CZ predicts Bitcoin could hit peaks between $500K-$1 million as institutional adoption grows. CZ says institutional demand could propel BTC to $1 million. During an interview on Rug Radio YouTube channel on Tuesday, Binance co-founder Changpeng Zhao forecasted that the Bitcoin price could reach $1,000,000. The bold prediction echoes growing institutional demand. CZ specifically pointed to US-listed Bitcoin ETFs as early signals of Wall Street’s full-scale entry into digital assets.

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#USHouseMarketStructureDraft US House Releases Crypto Market Structure Discussion Draft, Here’s All. A new crypto market structure discussion draft has been released by key U.S. House committees, marking a new phase in digital asset regulation. The U.S. House Financial Services Committee and House Agriculture Committee published the draft on Monday, May 5, 2025, aiming to create a more structured and transparent regulatory environment for cryptocurrencies and related markets. Clear Roles for US SEC and CFTC Crypto Market Bill. The draft crypto market bill outlines a more distinct separation of authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Under the proposed framework, the US SEC will regulate digital assets that are considered investment contracts. The CFTC will oversee digital commodities and their spot markets. This approach addresses concerns raised during earlier debates over the Financial Innovation and Technology for the 21st Century Act (FIT21). Justin Slaughter of Paradigm commented on X, “Overall, this bill again would make the CFTC the dominant crypto regulator,” but he noted that the SEC would retain jurisdiction until decentralization is proven. The bill also aims to prevent securities laws from applying to digital commodities traded on secondary markets unless those transactions grant the buyer rights to the issuer’s profits or assets.

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