#CryptoRegulation

The cryptocurrency market is buzzing this May with notable developments. Key highlights include [no specific source needed]:

- *Market Movements:*

- *Bitcoin (BTC)*: After dipping to $101,000, Bitcoin rebounded, trading above $103,000. Analysts see this as a healthy correction within a broader uptrend, potentially paving the way for a summer rally.

- *Ethereum (ETH)*: Ethereum surged 40% following the successful Pectra upgrade, enhancing staking and interoperability with layer-2 chains.

- *Altcoins*: Despite Bitcoin's resilience, some altcoins like Solana (SOL) and Cardano (ADA) declined over 5% in the past day.

- *Security & Regulation:*

- *Coinbase Data Breach*: Coinbase suffered a significant data breach, affecting up to 97,000 users. Hackers bribed customer support staff to access personal data and demanded a $20 million ransom in Bitcoin, which Coinbase refused. A $20 million reward is offered for information on the attackers.