5.20 Market Dynamics:

1. BTC has stabilized to an outrageous level, and the recent US stock market has been unable to influence Bitcoin's trend, only ETH can have an impact;

Yesterday, it was suspected that large holders of ETH took profits and exited, after the market declined, a new round of large holders took over, seeing no points for speculation in the market, only able to operate secretly;

2. The US Department of Justice has launched an investigation into the Coinbase data breach incident;

3. USDC issuer Circle is considering an IPO or selling for $5 billion to Ripple or Coinbase;

4. Cryptocurrency lending institution Genesis is suing its parent company DCG, seeking to recover $1 billion in transfers made before bankruptcy;

5. BithumbOfficial's market share has risen to 25%, planning for an IPO by the end of the year; this proportion is unknown who presented it, completely disregarding other exchanges?

6. The SEC has delayed the review of the Bitwise Solana ETF and 21Shares Core Solana ETF listing applications;

7. SEC: Will promote the drafting of rules related to crypto assets; #Strategy增持比特币