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🇭🇰 The Hong Kong authorities adopted a law on stablecoins (original)
The Legislative Council approved the Stablecoins Bill, which introduces mandatory licensing for all issuers of stablecoins tied to fiat currencies.
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🔥 SoSoValue: Inflow of funds to spot Bitcoin ETFs for yesterday = $329,020,000 (5 green trading days in a row).
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⚖️ SEC sued Unicoin for $100,000,000 fraud - document
The regulator accused the crypto company Unicoin and its top managers of large-scale fraud:
✧ The company attracted more than $100,000,000, claiming that its token was secured by real estate - but the transactions were not closed, and the objects were overpriced.
✧ Declared purchases in Argentina, Thailand, Antigua and the Bahamas were estimated at $1,400,000,000, but actually cost no more than $300,000,000.
✧ Certificate sales were also inflated: $3,000,000,000 was declared, in fact - $110,000,000.
✧ Advertising promised a yield of up to 9,000,000%, comparing Unicoin with the early days of Bitcoin.
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🤝 #SEI Co-founder of Securitize joined the Sei Development Foundation as a strategic consultant - announcement
Securitize is a leader in the field of tokenization of real assets with $3,300,000,000+ AUM, is a partner of giants BlackRock, Apollo, KKR and others.
Jamie Finn will help Sei develop infrastructure for tokenized assets, strengthen the institutional implementation of RWA on the Sei blockchain and scale the online economy - he promises to use his «25 years of experience in technology, finance and digital assets».
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🔼 The INFLOW of money into the spot Bitcoin ETF continues, +667,440,000$ for yesterday (sosovalue)
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#trump
👀 Justin Sun will attend Donald Trump’s gala dinner as the largest TRUMP token holder (twitter)
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🔥 #SOL Solana offered the biggest update in history - blog
Developers from Anza (Solana Labs division) presented an update to Alpenglow for a complete rework of the basic network protocol.
What changes:
⊹ Instead of the TowerBFT consensus, Votor will appear - a system with parallel voting and finalization of blocks in 100-150 ms.
⊹ The new Rotor protocol will replace Turbine - it will accelerate the distribution of blocks and reduce the load on nodes.
The purpose of the update — is to radically increase the speed, scalability and reliability of the Solana blockchain.
Founder of Solana Labs: «Alpenglow solves the key problems of the network in a simple and elegant way.»
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⛔️ #SOL SEC postponed the decision on applications to launch Solana ETF from 21Shares and Bitwise (original)
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🤔 Bloomberg: The dollar and U.S. government bonds are falling against the background of the loss of AAA rating.
◽️Moody’s rating agency lowered the U.S. credit rating from Aaa to Aa1, increasing investors’ fears about the national debt.
◽️30-year government bonds reached a yield of 5.03% (maximum since 2023).
◽️The dollar weakened against all G10 currencies, the euro rose by 1%.
◽️The U.S. budget deficit is approaching $2t (6% of GDP), and the public debt may reach 107% of GDP by 2029.
◽️Investors continue to discuss «de-dollarization», and the U.S. Treasury Department calls Moody’s decision a «lagging indicator».
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🤑 SoSoValue: Net inflow of funds to spot Bitcoin ETFs for the past week = $603,740,000.
In Ethereum ETF, the net inflow of money last week amounted to $41,590,000.
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#Calendar
⚡️ Calendar of key events for this week:
Monday, May 19:
🇺🇸 The U.S. Senate plans to vote on the stablecoin bill
🇪🇺 EU - Consumer inflation CPI (Apr) - 12:00
Tuesday, May 20:
- nothing important
Wednesday, May 21:
- nothing important
Thursday, May 22:
🇺🇸 Donald Trump’s gala dinner with the TOP holders of the #TRUMP token
🇺🇸 USA - Initial Jobless Claims - 15:30
🇺🇸 USA - S&P Manufacturing PMI (May) - 16:45
🇺🇸 USA - S&P Services PMI - 16:45
🇺🇸 USA - Fed Balance Sheet - 23:30
Friday, May 23:
- nothing important
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🇬🇧 The UK introduces strict reporting for crypto business - original
Since January 1, 2026, all crypto companies working with users from the UK are obliged to:
⊹ Identify each client (name, address, tax number)
⊹ Fix each transaction: amount, asset, quantity, transfer type
⊹ Report even if the company is not British, but serves UK customers
For errors or incomplete data - a fine of up to £300 per user.
Standards are introduced as part of the Cryptoasset Reporting Framework (CARF), a global system to combat tax evasion.
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🔼 The INFLOW of money to spot Bitcoin ETFs continues, +114,960,000$ for yesterday (sosovalue)
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#tradewar
🇺🇸 FT: Trump will set updated tariff rates for U.S. trading partners over the next 2-3 weeks.
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🐂 The adoption of the GENIUS Act on stablecoins in the United States may trigger a long-standing bullish trend in the crypto market - CIO Bitwise
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🧐 #CRO Crypto.com enters the market of traditional investments in Europe - release
The exchange received a MiFID license after the approval of the transaction to acquire the Cypriot investment company Allnew Investments Ltd.
The license allows users in Europe to offer securities, derivatives, CFDs and other financial instruments.
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🧐 Strive plans to buy back 75,000 BTC on Mt.Gox (SEC) claims
⊹ The company plans to purchase depreciated claims to the bankrupt Mt.Gox exchange in order to receive Bitcoins at a discount and create a BTC reserve.
⊹ The purchase concerns claims with already issued court decisions, but without actual payment.
⊹ The transaction is possible only after the approval of the shareholders.
⊹ Mt. Gox promises to settle accounts with creditors by October 31.
⊹ Strive enters the stock exchange through a reverse merger with the marketing company Asset Entities (ticker ASST).
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⛔️ #XRP SEC postponed the decision on the application to launch Ripple ETF from 21Shares (document)
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#opinion
🚀 Bitcoin will grow to $500,000 by the end of Trump’s presidential term - Standard Chartered
Growth driver: Sovereign wealth funds, Central Banks and pension funds actively buy BTC through investments in Strategy (forms 13F). BTC growth is supported by structural demand.
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#onchain #records
📊 Santiment: BTC and ETH continue to be withdrawn from the exchanges - stocks at long-term lows.
⊹ The volume of BTC on exchanges is at least for 8 years.
⊹ ETH stocks are at the lowest level in the last 10 years.
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🤔 Bitcoin is ready to replace Gold as a means of saving - Fidelity
✧ BTC is trading above $100,000 and can take on the role of «digital Gold».
✧ The Sharpe BTC coefficient has approached Gold - this means that with a risk-adjustment, their profitability is almost equal.
✧ In 2025, Gold showed +30.3% growth, and Bitcoin - only +3.8%. Investors chose stability against the background of uncertainty.
✧ But the situation is changing - the Fed is softening policy, the market is coming to life, and inflows to Bitcoin ETF are recovering.
Forecasts:
- Conservative goal for 2025: $220,000
- Optimistic scenario: up to $444,000
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🇺🇸 The U.S. Senate voted to «close the debate» on the GENIUS Act - Eleanor Terrett
Now the bill will be discussed and amended at the Senate meeting.
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😐 #ADA Cardano scandal: accusations of embezzlement of $600m in ADA from the project treasury (original)
NFT artist Masato Alexander accused Charles Hoskinson of manipulating the registry during the Allegra hard fork in 2021 (318m ADA movement).
The founder of Cardano refutes everything and promises to publish an audit.
«Most of these funds were returned to the holders, and the rest was transferred to the Intersect community. I am deeply wounded that the community believed in this information without evidence.»
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🇺🇸 #CRO Canary Capital has launched the first trust in the United States for investment in the CRO token - release
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#opinion
🐂 Altseason will begin this summer or at the beginning of the 3rd quarter - Arthur Hayes
⊹ Over the next 18-24 months, Ethereum’s growth may surpass Solana.
⊹ Bitcoin will grow to $1,000,000 by the end of Donald Trump’s presidency.
⊹ The target price of BTC at the end of this year is — $250,000.
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#libra
🇦🇷 The Federal Court of Argentina froze the assets of key participants of the scheme with the launch of the LIBRA memcoin (cryptoslate)
In addition, the court removed the bank secrecy from Argentine President Javier Milei and his sister - investigators are checking possible connections with the project organizers.
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💸 Basel Medical Group plans to buy BTC for $1,000,000,000 (release)
The goal — is to diversify assets and expand business in Asia.
Basel Medical Group — is a Singaporean medical company.
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#eth
🤑 Lookonchain: Since May 7, Abraxas Capital has bought 278.639 ETH ($655m).
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🏦 The New York Fed and the Bank for International Settlements (BIS) are testing smart contracts to manage the DCP (document)
Project Pine, a pilot project on the use of smart contracts in a tokenized infrastructure (#RWA), was launched.
The tool will allow central banks to instantly change the parameters of monetary policy: rates, collateral criteria, launch of new programs (within the framework of tokenized infrastructure).
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