🔥🔥🔥 Market Briefing Tuesday - 20/05
+ BTC rises back to $106K, altcoins recover accordingly, market sentiment index drops 5 points to 71 - "greed" [CT]
+ President Trump and President Putin positively assess the 2-hour phone call, agreeing to promote negotiations for a ceasefire between Russia and Ukraine [CT]
📝 Spot ETF on 19/05 [CT]
+ BTC positive +$666.5M, BlackRock purchased +$305M, along with 4 other parties - fourth consecutive positive session
+ ETH is showing no volatility, BlackRock has no data yet
+ The GENIUS Act has passed its first procedural step with 16 Democratic Senators voting in favor, entering the public amendment discussion phase in the Senate, expected to last several weeks [CT]
+ SEC continues to delay decisions on a series of Solana ETF proposals from 21Shares, Bitwise, VanEck, and Canary Capital [CT]
+ The U.S. Department of Justice (DOJ) opens an investigation into a customer data theft incident causing Coinbase losses of $180M-$400M [CT]
+ Circle is said to have negotiated a sale to Ripple and Coinbase with a minimum valuation of $5B [CT]
+ SEC re-investigates Coinbase for suspected misreporting of verified user numbers before and after the 2021 IPO [CT]
+ The lending platform Dough Finance was hacked for $2.5M, recovering only $281K, and the founder left early to start a new project with the Trump family, causing investors to sue for fraud [CT]
+ The famous game project Backwoods resurfaces after 4 months of silence, revealing a new game and token $LEAF [CT]
+ The company spun off from Solana Labs - Anza proposes a new PoS protocol Alpenglow - elevating Solana's speed to Web2 infrastructure level, seen as the biggest change in Solana's core [CT]
======
5 Minutes Crypto - The simplest & easiest to understand Crypto
