Welcome to our cryptocurrency events review. The last few days were full of interesting news from the world of digital assets. Next week also promises to be full of events that may affect the overall market picture.
Review of the past week:
| May 16, 2024 | Futures exchange CME plans to launch bitcoin trading. CME Group, the world’s largest futures exchange, is planning to launch bitcoin trading, aiming to capitalise on surging demand this year among Wall Street money managers to gain exposure to the cryptocurrency sector. Read more |
| May 16, 2024 | Millennium Management discloses $2B in Bitcoin ETF holdings. International hedge fund Millennium Management has reported it holds $1.94 billion across five different spot Bitcoin ETF products. Read more |
| May 16, 2024 | Bitcoin Mining Cost Drops to $45K as Inefficient Miners Exit: JPMorgan. The bank sees limited upside for the bitcoin price in the near term due to a number of headwinds. Read more |
| May 16, 2024 | US Senate passes measure withdrawing SEC accounting bulletin. The Senate voted 60 to 38 on Thursday on a resolution to overturn the SEC’s SAB 121, which establishes certain accounting standards for firms that custody crypto. Read more |
| May 17, 2024 | US arrests two Chinese nationals in $73 million crypto scamU.S. authorities charged two Chinese nationals in a cryptocurrency scam that laundered at least $73 million from defrauded victims, the Justice Department said on Friday. Read more |
What’s coming up for us this week:
| May 22, 2024 | U.S. Federal Open Market Committee (FOMC) Meeting Minutes. The minutes of regularly scheduled meetings will be released on May 22, 2024, at 06:00 P.M. UTC. Read more |
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Best regards,
FYBIT team
