#CryptoCPIWatch #TradeStories #SaylorBTCPurchase #ETHCrossed2500
U.S. SEC Plans New Crypto Rules: SEC Chair Paul Atkins announced plans to overhaul cryptocurrency regulations by creating clear guidelines for crypto tokens classified as securities. The SEC is also considering adjustments that would allow registered broker-dealers with an Alternative Trading System (ATS) to trade non-securities like Bitcoin and Ethereum. Reuters
Arizona Establishes Crypto Reserve Fund: Arizona has become the second U.S. state to create a cryptocurrency reserve fund, following New Hampshire. The fund aims to manage unclaimed digital assets and maximize returns for asset holders. Axios
š Market Highlights
Bitcoin Nears All-Time High: Bitcoin is trading near its all-time high, boosted by easing tariffs and potential interest rate cuts. Ethereum is rallying, pulling up the altcoin market. @EconomicTimes+2@EconomicTimes+2The Economic Times+2
Coinbase to Join S&P 500: Coinbase Global, a major cryptocurrency exchange, will be added to the S&P 500 index on May 19, marking a significant milestone for the crypto industry. The announcement led to a nearly 10% surge in Coinbase shares. Barron's+1Financial Times+1
š¢ Institutional Moves
London Launches Crypto Derivatives Platform: London has launched its first regulated and centrally cleared cryptocurrency derivatives trading platform, GFO-X, marking a significant step toward mainstream institutional adoption of digital assets in the UK. The Times
Crypto Miner Backed by Trump Sons to List on Nasdaq: American Bitcoin, a cryptocurrency mining company backed by Eric and Donald Trump Jr., has announced plans to list on Nasdaq following a merger with Gryphon Digital Mining. This move aligns with President Donald Trump's pro-crypto agenda. Wikipedia+2Financial Times+2Reuters+2
š± Tech & Platform Innovations
Meta Explores Stablecoin Integration: Meta, the parent company of Facebook, is reportedly re-entering the cryptocurrency space by exploring the deployment of stablecoins as a payment solution. This initiative aims to enable payments for content creators on Facebook and WhatsApp. The Times of India
š Notable Altcoin Movements
Altcoins Showing Strong Momentum: Altcoins like PI, SUI, and FARTCOIN are showing strong momentum and could be on track to hit new all-time highs in May 2025. PI is up over 100% in the past week, driven by renewed interest ahead of its upcoming ecosystem update. SUI has surged 84% in the last 30 days, backed by impressive on-chain growth and rising institutional inflows. Meanwhile, FARTCOIN continues to outperform the meme coin sector, up 31% this week and closing in on a major breakout above $2. @EconomicTimes+2BeInCrypto+2@EconomicTimes+2
