📈 Cryptocurrency Market

Bitcoin (BTC) is trading around 103,700 USD, down slightly 0.03% compared to yesterday. Experts warn of strong resistance in the range of 104,000 to 106,000 USD, while the important support level is around 98,000 USD.

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Ethereum (ETH) increased by 10.35%, trading at 2,716 USD on May 14.

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XRP rose by 65% in a month, from a low of 1.61 USD to 2.65 USD on May 14, thanks to the accumulation activity of whales and easing US-China trade tensions.

🏛️ Policy and Legal

US President Donald Trump signed a resolution to repeal the IRS DeFi tax regulation, marking a milestone in US Crypto law.

New SEC Chairman, Paul Atkins, shared his priorities for digital asset regulation, emphasizing the elimination of the cryptocurrency regime and ending the SEC's "just enforcement" policy.

🌐 Notable Projects and Events

Pi Network has officially transitioned to Open Network, allowing users to trade outside the platform. However, Pi's price is highly volatile and many risks still exist.

MGX invested 2 billion USD in Binance, marking a historic cryptocurrency transaction and the largest single investment in a cryptocurrency company #BinancePizza