Daily Market Report (May 20, 2025, 10:00 AM)
ChainDD reported on May 20 that the comprehensive index and CoinMarketCap quote:
BTC is priced at $106,650.08, up about 1.36% in the last 24 hours;
ETH is priced at $2,546.31, up about 4.39% in the last 24 hours;
BNB is priced at $652.69, down about 1.05% in the last 24 hours;
DOGE is priced at $0.2279, up about 1.17% in the last 24 hours;
SOL is priced at $170.06, up about 0.83% in the last 24 hours.
Cryptocurrency News
SEC delays approval of multiple Solana ETF applications, citing need for more time
The U.S. Securities and Exchange Commission (SEC) announced on Monday that it has postponed its decision on multiple spot Solana ETF applications submitted by 21Shares, Bitwise, VanEck, and Canary Capital. The SEC stated in regulatory documents that it needs more time to process the legal and policy issues associated with these applications.
JPMorgan CEO: Allowing clients to buy Bitcoin hasn't changed my view on cryptocurrency
On May 20, according to FOX Business, JPMorgan CEO Dimon stated that JPMorgan will allow clients to purchase Bitcoin, but this policy change has not altered his view on the cryptocurrency. 'We will allow you to buy Bitcoin,' Dimon told investors. 'But we will not custody it, only reflecting it in customers' account statements.'
In previous reports, JPMorgan CEO Dimon stated that he personally would never buy Bitcoin.
Paul Atkins: The crypto market has long been in a state of regulatory uncertainty by the SEC
The new chair of the SEC, Paul Atkins, stated in a speech that the SEC will be more open to adapt to new developments in the crypto industry and will begin drafting related rule proposals to end the long-standing regulatory uncertainty in the crypto market. He emphasized that the SEC should return to promoting innovation rather than stifling it, and pointed out that the market is continuously innovating and regulators should not hinder its development. Meanwhile, U.S. lawmakers are considering proposed legislation aimed at clarifying the responsibilities of the SEC and the Commodity Futures Trading Commission (CFTC) in regulating digital assets.
Ledn co-founder: My most successful investment before Bitcoin was shorting
Ledn co-founder Mauricio di Bartolomeo stated that before he discovered Bitcoin, his most successful investment experience was shorting the Venezuelan bolívar, when the bolívar rapidly depreciated against the dollar. He noted that as the dollar depreciates against Bitcoin, Bitcoin holders can now adopt a similar strategy by borrowing dollars and holding more valuable Bitcoin. Through Bitcoin-backed loans, investors can effectively use a stronger currency as collateral. Di Bartolomeo believes this is similar to real estate, stocks, and gold mortgages, forming a virtuous cycle. He also mentioned that the cryptocurrency lending market is growing, with Ledn leading the way in the decentralized finance lending sector.
The U.S. Senate passed a procedural motion, and the GENIUS Act has entered the formal review stage
According to reporter Eleanor Terrett, the U.S. Senate voted to pass the 'cloture motion' to formally review the GENIUS Act, with at least 15 Democratic senators changing their votes to support it, including Cortez Masto, Adam Schiff, Mark Warner, and others. Despite minority leader Schumer voting against it, the motion passed smoothly. The bill will now enter the comprehensive review process.
