US Senate Enters Modification Procedure for Genius Bill
According to Eleanor Terrett, host of Crypto in America, the US Stablecoin Regulation Bill GENIUS has entered the modification procedure with 69 votes in favor and 31 votes against after Senate discussion.
Nasdaq Requests SEC to Allow Physical Redemption of BlackRock ETHA
According to the US Securities and Exchange Commission website, Nasdaq submitted a rule change request to allow physical redemption of BlackRock's ETH Spot ETF (ETHA). Currently, the product only allows cash redemption. Previously, Nasdaq had submitted a rule change request to allow physical redemption of BlackRock's BTC Spot ETF (IBIT).
Volatility Shares to Launch 'XRP Futures ETF' Tomorrow
Bloomberg ETF analyst Eric Balchunas reported that Volatility Shares' XRP Futures ETF will be launched tomorrow (local time). The ticker is XRPI.
Texas House of Representatives Passes BTC Reserves Bill
Watcher Guru reported that the Texas House of Representatives passed the Strategic Bitcoin Reserves Bill (SB21).
BTC Miners Sold More Than April Mining Volume
Coindesk reported that BTC miners sold 115% of their April mining volume. This is the highest ratio since the latter part of the 2022 bear market. Riot Platform mined 463 BTC but sold 475 BTC, and Cipher Mining mined 174 BTC while selling 350 BTC.
456,485,573 USDT Transfer... Anonymous → OKX
According to Whale Alert, 456,485,573 USDT was transferred from an anonymous address to an OKX address. This is a scale of $460 million.
236,982,972 XRP Transfer... Kraken → Anonymous
According to Whale Alert, 236,982,972 XRP was transferred from a Kraken address to an anonymous address. This is a scale of $570 million.
$111 Million in Futures Positions Liquidated in the Past Hour
Major exchanges liquidated $111 million in futures positions in the past hour.
Over 24 hours, $418 million in futures positions were liquidated.
World Raises $135 Million in Investment
According to Unfolded, blockchain-based iris scan identity verification project World (formerly Worldcoin, WLD) announced raising $135 million in investment. a16z and Bain Capital Crypto participated in the investment.
OnRe, On-chain Reinsurance Company, Launches Own Token ONe
The Block reported that on-chain reinsurance company OnRe is launching its own token ONe. The token was developed based on Etena (ENA) and aims to expand USDe utility and generate revenue, according to OnRe. OnRe plans to provide DeFi-based investment opportunities in the $750 billion reinsurance market.
'Hyperliquid Whale' James Wynn's BTC Long Position Exceeds $1 Billion
Amber CN reported that Hyperliquid whale James Wynn's BTC long position has exceeded $1 billion.
Hyperliquid Whale Expands BTC Long Position 4-fold
Amber CN reported that Hyperliquid whale James Wynn expanded his long position from $190 million to $780 million. The current liquidation price is $101,070.
US Prosecution Indicts Crypto Fraud Criminal
Coindesk reported that Jeremy Jordan-Jones, who claims to be the founder of crypto startup Amalgam, has been indicted in the US for allegedly defrauding investors of over $1 million.
OKX Wallet Discontinues Runes Marketplace Support
OKX Wallet announced that it will discontinue support for the Runes Marketplace from June 5th (local time). Users can still view and transfer Runes assets in their wallet, but marketplace usage will not be supported.
Bitcoin Surpasses Amazon Market Cap, Ranks 5th in Global Asset Ranking
Coindesk reported that Bitcoin has reached a market capitalization of $2.16 trillion, surpassing Amazon's market cap ($2.15 trillion). It now ranks 5th in global asset ranking.
BTC Market Cap Reaches All-Time High of $2.17 Trillion
According to CoinGecko data, BTC's market capitalization has reached an all-time high of $2.17 trillion. The previous record was $2.1 trillion on January 20th.
Analysis: BTC All-Time High Due to "Perfect Macro Environment"
An analysis suggests that Bitcoin's all-time high is due to a perfect macro environment. According to The Block, Bitfinex derivatives head Zag Kuner emphasized that geopolitical tension reduction, regulatory environment improvement, and macroeconomic prosperity created an almost perfect environment for Bitcoin to break its all-time high.
Binance CEO: "Bitcoin Transcends Limitations"
As Bitcoin reaches an all-time high, Richard Teng, Binance CEO, said via X: "Things that seemed impossible in the crypto market years ago have now become everyday occurrences. Such patterns repeat. What was impossible yesterday is considered normal today. Many people in the past said Bitcoin would not rise above a certain price, but looking at the 5-year chart, their predictions have always been off."
Crypto Quant CEO "BTC Breaks All-Time High... I Was Wrong"
Ju Ki-young, Crypto Quant CEO, posted on X: "Bitcoin has broken its all-time high. My analysis was wrong. Good game (GG)." Previously, he had analyzed that the Bitcoin bull market had ended, and when faced with criticism, he had stated that he would admit his analysis was wrong if BTC exceeded $100,000.
Michael Saylor "Buy BTC When It Breaks All-Time High"
Michael Saylor, founder of Strategy (former MicroStrategy), posted on X: "Not buying Bitcoin at an all-time high is like losing money."
US Stock Market's Three Major Indices Close Lower
The US stock market's three major indices closed lower.
S&P500: -1.61%
Nasdaq: -1.34%
Dow: -1.91%
Analysis "BTC Drops Due to Surge in US Treasury Yields"
CoinDesk diagnosed that BTC price is dropping due to a surge in US Treasury yields. The media explained, "BTC rose to a new high of $109,754 today but pulled back on news of poor 20-year Treasury auction. Nasdaq also gave up its gains and fell 1.5%. Meanwhile, 30-year Treasury yields surged to a 2-year high of 5.07%. Additionally, some traders may have taken profits following BTC's new high. BTC has risen nearly 50% from its bottom 5 weeks ago."
US 20-Year Treasury Yield Reaches Highest Since November of Previous Year
According to Coinnis market monitoring, the US 20-year Treasury yield reached 5.104%, the highest since November last year. The 10-year Treasury yield is at 4.607%, the highest since February 13.
BTC Breaks Previous All-Time High
According to Coinnis market monitoring, BTC has broken its previous all-time high of $109,588.
BTC Sets New High on Binance
According to Coinnis market data, after Coinbase, BTC has also broken its previous all-time high of $109,588 on the USDT market on Binance.
BTC Surpasses $109,000
According to Coinnis market monitoring, BTC has surpassed $109,000. On the Binance USDT market, BTC is trading at $109,207.99.
BTC Surpasses $108,000
According to Coinnis market monitoring, BTC has surpassed $108,000. On the Binance USDT market, BTC is trading at $108,014.42.
BTC Falls Below $108,000
According to Coinnis market monitoring, BTC has fallen below $108,000. On the Binance USDT market, BTC is trading at $107,960.91.
BTC Falls Below $107,000
According to Coinnis market monitoring, BTC has fallen below $107,000. On the Binance USDT market, BTC is trading at $106,993.51.
