AI-powered summaries of the day's top crypto events
CME Group announced it will begin offering 24/7 cryptocurrency futures and options trading starting May 29, pending regulatory approval. This shift aligns with Wall Street's interest in round-the-clock trading and has received positive indications from the CFTC.
Crypto lender Ledn has successfully raised $188 million by securitizing Bitcoin-backed consumer loans into rated bonds. This marks the first asset-backed securities transaction of its kind, offering investors a new way to engage with crypto-linked risk without directly holding Bitcoin.
Bitcoin's market dominance is approaching 60% of the total crypto market capitalization, while altcoins are seeing a decline in dominance. This shift suggests a $1.2 trillion movement towards Bitcoin, with data indicating a challenging environment for altcoin rallies.
The White House is urging banks to support a market structure bill that includes stablecoin yield provisions. Recent meetings between crypto leaders and banking representatives indicate progress, though no final deal has been reached yet.
US-listed spot Bitcoin ETFs have seen $238 million in outflows this week, marking the first five-week outflow streak since March 2025. Despite recent outflows, these ETFs still hold $53 billion in net inflows, reflecting ongoing investor interest.
A hacker has returned 320 Bitcoin, valued at $21 million, to South Korean authorities after reportedly having a change of heart. The funds were originally stolen from a government-controlled wallet, highlighting ongoing security challenges in the crypto space.