Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.
Review of the past week:
| May 22, 2024 | Bitcoin Is Coming to Ethereum Stalwart MetaMask. MetaMask is a giant in the Ethereum ecosystem, but it’s poised to cross one of the biggest tribal divides in crypto. Read more |
| May 22, 2024 | US House approves FIT21 crypto bill with bipartisan support. Democratic and Republican lawmakers in the U.S. House of Representatives voted to pass the Financial Innovation and Technology for the 21st Century Act. Read more |
| May 23, 2024 | US House of Representatives pass Republican-led anti-CBDC bill along partisan lines. The House of Representatives drew partisan lines in a vote to pass a Republican-led bill blocking a central bank digital currency. Read more |
| May 24, 2024 | US SEC approves exchange applications to list spot ether ETFs. The U.S. Securities and Exchange Commission (SEC) on Thursday approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, potentially paving the way for the products to begin trading later this year. Read more |
| May 24, 2024 | Former Bank CEO Pleads Guilty to Embezzling $47M to Buy Crypto, Leading to Bank CollapseFormer Heartland Tri-State Bank CEO Shan Hanes pleaded guilty on Thursday to embezzling $47.1 million for personal cryptocurrency purchases, leading to the bank’s collapse. Read more |
What’s coming up for us this week:
| May 30, 2024 | U.S. Gross Domestic Product (GDP). Gross Domestic Product (GDP) will be published on May 30, 2024, at 12:30 P.M. UTC. Read more |
As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.
Best regards,
FYBIT team
