⏳ The Morning Minute (5.20) (Part 1)

⏰Top News:

-Crypto majors rally 2-4% with ETH leading; BTC at $105,300

-GENIUS Act passes Senate cloture vote, moves to full vote

-Circle reportedly shopping itself to Coinbase and Ripple for $5B+

-Jamie Dimon says Chase will offer Bitcoin buying despite his personal views

-Bybit becomes 1st major crypto exchange to offer stock trading

🌎 Macro Crypto and Memes

-Crypto majors are up 2-4% in a rapid come back; $BTC +2% at $105,300, $ETH +4% at $2,510, $XRP +1% at $2.34, SOL +3% at $166

-AAVE jumped 20% leading alts, as its TVL passed $30B

-Michael Saylor’s Strategy purchased 7,390 Bitcoin last week for approximately $765M, increasing its total holdings to over 576,000 BTC #SaylorBTCPurchases

-DigiAsia Corp announced a strategy to raise up to $100M to acquire Bitcoin as part of its treasury reserve

-BounceBit introduced a Bitcoin trading strategy offering over 24% annualized yield, using BlackRock's BUIDL fund as collateral

-Fold introduced a Bitcoin gift card, allowing users to purchase or gift Bitcoin at major retail stores

-Circle is reportedly shopping itself around to Coinbase and Ripple ahead of its potential IPO

-CEO Jamie Dimon announced that Chase will allow clients to purchase Bitcoin

-The #GENIUSAct passed a cloture vote in the Senate after 15 Dems flipped their votes, meaning it will move forward to debate and review

-The UK's tax authority, HMRC, announced that starting January 1, 2026, crypto holders must provide personal data, including national insurance or tax ID numbers, to enhance tax compliance and counter tax avoidance

-India’s Supreme Court said that crypto should be regulated and not banned

Source: TylerD