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This Friday 8 AM UTC, 134.9K $BTC are set to expire on Deribit with a notional value of $9.42 billion.

Max pain price $50,000, put/call ratio: 0.83

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HSBC launches retail tokenized gold products in Hong Kong — link | tl;dr

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Tidal, Hashdex announce trading of spot Bitcoin ETF upon completion of fund conversion — link | tl;dr

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Hong Kong likely to allow in-kind creations for spot Bitcoin ETFs — link | tl;dr

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Galaxy Digital reports 2023 net income of $296M following year-earlier $1B loss — link | tl;dr

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Bakkt reports $780 million in revenue with $226 million net loss in 2023 — link | tl;dr

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SEC to seek $2 billion in fines and penalties from Ripple Labs — link | tl;dr

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Phillipines regulators take steps to block Binance — link | tl;dr

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London Stock Exchange decided to launch market in crypto ETNs on 28 May 2024 — link | the block | tl;dr

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Digital asset investment products saw record weekly outflows totalling $942m, the first outflow following a record 7-week run of inflows totalling $12.3bn.

New ETF issuers in the US saw $1.1bn inflows, partially offsetting incumbent Grayscale’s significant $2bn outflows last week — link

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Nigeria charges Binance, detained executives with tax evasion: reports — link | tl;dr

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Low outflow from GBTC spot BTC ETF today, compared to earlier in the week: -169.9 million — link

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SEC DELAYS GRAYSCALE FUTURES ETHEREUM ETF

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Bitget launches a zero-fee BTC/USDT and ETH/USDT spot trading promotion sign up ➡️ https://partner.bitget.com/bg/unfolded

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Yesterday, Bitcoin spot ETFs saw total net outflows of $94m. Grayscale ETF GBTC had a total outflow of $1.83b this week — link

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Hong Kong-based asset manager VSFG and Value Partners apply for spot Bitcoin ETF — link | tl;dr

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Yesterday, Bitcoin spot ETFs saw $418m net inflows — link

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Progress until next Bitcoin halving:
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓ 98.3% ~ 25 days left

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KuCoin and two of its founders criminally charged with bank secrecy act and unlicensed money transmission offenses, claims it laundered over $9B: DOJ indictment — link | the block | tl;dr

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Yesterday, Bitcoin ETFs saw $15.4m net inflows — link

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Nilam Resources enters letters of intent to acquire 24,800 Bitcoin — link | tl;dr

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Bitcoin volatile price activity has been more concentrated during U.S. opening hours (14 to 21h UTC time) relative to APAC hours (12- 8h UTC) — link

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FTX to sell two-thirds of Anthropic stake for $884 million — link | the block | tl;dr

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Binance's successor in Russia, CommEx, halting deposits and undergoing phased closure — link | tl;dr

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Coinbase App Store global rank — 326 🔼

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Crypto fund Hack VC looks to raise at least $100 million for seed-stage investments in crypto startups — link | tl;dr

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Over the past decade, BTC and Gold have shown little correlation, which could suggest that the drivers of gold demand have been different from Bitcoin’s — link

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Anthropic weighs slate of sovereign wealth funds to acquire FTX's $1 bln stake, CNBC reports — link

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WisdomTree has been granted a trust company charter by the NYDFS, allowing its crypto app, WisdomTree Prime, to launch in New York — link | pr

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FTX estate faces estimated $3 to $5 billion in US government claims amid bankruptcy proceedings, court filing shows — link | tl;dr

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