Market Highlights:
The "GENIUS Act" is expected to pass before May 26, with the revised version removing provisions targeting the Trump family and instead focusing on consumer protection and industry ethics. On the other hand, Addentax Group announced plans to acquire up to 8,000 bitcoins and other cryptocurrencies, totaling $800 million, intending to finance through issuing new shares. Finally, FTX will launch the second phase of bankruptcy restructuring on May 30, expecting to allocate over $5 billion to creditors, which could have a positive impact on the prices of multiple tokens if reinvested in the market.
