US House Representatives to Announce Cryptocurrency Regulation Draft Before May 6
to Block, Chairman of the US House Financial Services Committee, French Hill, is expected to announce a to a regulations before on May ((local time). The hearing will be held on the on the 6th at 10 AM (ET) under the theme "America's Innovation and the the Future of Cryptocurrency: A 21st Century Blueprint". According to industry sources, French Hill, along with Bryan Steil, Chairman of the Digital Assets Subcommittee of the House Financial Services Committee, and Glenn Thompson, Chairman of the House Agriculture Committee, are expected to announce a draft of cryptocurrency before the hearing which anticipated to be similar to the Financial Innovation and Technology Act of the st Century (FIT21, Cryptocurrency Market Structure Bill) that passed the the House last year.CoinDesk, the has designated the Telegram-based illegal market (Known huione) as a money launitteringlaunanddering organization and ordered its blocking. This is due to Hucybercrime by North Korean hackers and other criminalicit groups. Treasury Financial Crimes Enforcement Network (FinCEN) emphasized, "Huis key base for money laundering cryptocurrency proceeds using pig slaughter and romance scams. They have also stolen billions of dollars from Americans." A-market based in Cambodia, recently which launched its own stablecoin USD. Metaplanet, 'BTC Repurchase' Issuing $24.69 Million Bond
Movement Movement Founder Suspended During Misconduct Investigation
<>grNews, Movement (MOVE) co-founder Rushi Manche was suspended during investigation of market maker misconduct at MovementLabs.,ementthat it confirmed specific market maker misconduct (unilateral selling) on Binanceandance March and is conducting an investigation related to this.Embezzling Company Funds of 5.5 Billion Won for Coin Investment, 40s Finance Manager Faces 10-Year Sentence Recommendation
<>Meteora Proposes Allocating %ET Supply for Liquidity TGE Reserve
Solana-based decentralized exchange Meteora has proposed a governance proposal ate ofETH supply for> for liquidity rewards and its own token MMET's TGE reserve According to the proposal, 20% of Msupply will be used for liquidity mining rewards over two years after TGE, and the remaining 5 5 will be used for liquidity provision and market making during the TGE period. The aim is to enhance rewards and promote community activation.
Ethereum ICO Whale Deposits $5.53 Million million ETH to Kraken
$2.596 OfTC Expires Today p Accordingericryptocurrency options according to Derivbit, $2.596 billion options will 5 Korean time on May 2.. The put put/call ratio is 1and the max pain price is $91,,,000 . Additionally, $338 Ethereum will expire at the same time. The The ratio ratio 0.92,, and the max pain price is $1is,.
200,,000,000RP000... Anonymous → Ripple
According whale Alert, an anonymous address 200,000,000 XRP was transferred address to Ripple address. This is is worth $440 million .
300,,000,000 XRP Transferred... → Ripple
According to, 300,000,000 XRP was transferred from an an toipple address. This is worth $670 million million p><>.7 Billion Locked Up
500 Million Locked Up
According, 500 million XRP was locked up from a Ripple address.
Bithumb Suspends IOTA Deposits and Withdrawals
ToIthumb announced announced on its official website that it will suspend deposits and withdrawals for IOTA on May main support on Mayay 5 at 10 AM.
Crypto 'Fear Fear and Index 67... Neutral → Greed
Alternative, a cryptocurrency data provider, reported that its self-calculated 'Fear Grincreased by 14 neutral points to 67. The sentiment improved, transitioning from a neutral stage to a greed stage.. The index is calculated calculated basedility25volume volume (25media%), (15%), market cap proportion (Google search10><>altcoin Season Index at 15...... Down 3 3 3Points from Previous Day
The 'Altcoin Season Index' from CoinMarketCap, a comprehensive virtual asset information platform, recorded 15, down 3 points from the previous day. The Altcoin Season Index is determined by comparing the price fluctuation rates between the top 100 coins (excluding stablecoins and wrapped coins) and Bitcoin. If 75% of the top 100 coins have a higher growth rate than Bitcoin over the past 90 days, it is considered an altcoin season; otherwise, it is a Bitcoin season. The closer to 100, the more it is seen as an altcoin season.
Coin News Market Briefing on May 2nd
As of 9 AM on May 2nd, Bitcoin is trading at $96,489, up 2.46%. Among the TOP 100 coins by market capitalization, the TOP 3 24-hour gainers are WAL (+20.95%), S (+15.05%), and QNT (+9.60%).
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