📈 Market Momentum & Institutional Moves
Bitcoin (BTC) surged to $107,000, nearing its all-time high, fueled by institutional interest and favorable market conditions.
Ethereum (ETH) saw a significant boost with Fidelity's Ethereum ETF recording a $19.8 million inflow, indicating growing institutional confidence in ETH-based investment products.
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🏛️ Regulatory Developments
The U.S. SEC charged Unicoin and its executives with fraud, alleging they raised over $100 million through misleading statements to investors.
The GENIUS Act, aiming to regulate stablecoins, is progressing towards becoming law, potentially bringing clearer rules to the crypto industry.
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🔍 Altcoin Updates
XRP is in the spotlight as May 21 approaches, with speculation about a potential price surge driven by global tensions and Ripple's legal victories.
Cardano (ADA) experienced a withdrawal of nearly $932 million from centralized exchanges since early 2025, suggesting a shift towards long-term holding.
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🌐 Global Crypto Initiatives
New York City Mayor Eric Adams announced the formation of a digital assets advisory council to attract fintech jobs and investment, reinforcing NYC's position as a crypto hub.
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⚠️ Security Concerns
A U.S. tourist lost over $123,000 in cryptocurrency after being drugged and robbed by a fake Uber driver in London, highlighting the risks associated with crypto holdings.
