📰 What you need to know this Monday, May 12
📥 Last week, inflows of $934.17M were recorded to BTC ETFs.
Meanwhile, the ETH ETF saw outflows of $38.15M.
🐳 Strategy added more Bitcoin at USD $100,000, raising its treasury to 568,840 BTC.
In just the last six months, Strategy has accumulated over 300,000 BTC, reaching a stash equivalent to more than 2.7% of the total Bitcoin supply.
🇺🇸 SEC Chairman Paul Atkins promises clear regulations and more dialogue with the crypto sector.
Paul Atkins claims that a “new day” is starting for the crypto industry, as the agency will explore rules for custody and regulatory exemptions.
🔥 Coinbase will enter the S&P 500, replacing Discover Financial.
Coinbase CEO Brian Armstrong states: “Coinbase has just become the first and only cryptocurrency company to join the S&P 500.”
⚠️ In the last 24 hours, 216,820 traders were liquidated, and the total liquidations reached $727.87 million.
The largest individual liquidation order occurred on Bybit - BTCUSD for a value of $11.00M.