Bitcoin Surges Over $71K as Ether ETF Hopes Lead to $260M in Short Liquidations

Some traders expect ether prices to reach as high as $4,000 in the coming days, with odds of an ether ETF approval raised to 75%.Source

Ether (ETH) Surges 17%, Polymarket Approval Chances Rocket, as ETF Makes Regulatory Progress

The U.S. SEC has asked exchanges to update 19b-4 filings for ether ETFs ahead of a key deadline, suggesting potential approval progress, though approval is not guaranteed.Source

NYAG Takes Victory Lap as Court Approves Genesis Settlement

NYAG says the settlement will establish a fund for New Yorkers who invested more than $1.1 billion in Genesis through the Gemini Earn program and blocks Genesis from operating in the state.Source

Democrat House Leadership Says Crypto Bill Vote Won’t Be Whipped

Ranking members strongly oppose this bill as written, an email obtained by Politico reads, but will stop short of putting it to a whipped voteSource

Alleged Owner of Darknet Narcotics Bazaar ‘Incognito Market’ Arrested in New York

U.S. authorities have arrested and charged a Taiwanese national with operating darknet drug bazaar Incognito Market, which he allegedly used to facilitate over $100 million in crypto-denominated sales of illegal narcotics including fentanyl.Source

Gaming Token Gala Stabilizes as Company Says Security Incident ‘Contained’

Someone minted 5 billion GALA tokens and then sold them on decentralized exchange UniswapSource

What to Expect at Consensus 2024: Spotlight on Blockchain Tech

The three-day conference (May 29-31) features a host of big-name speakers from the realm of blockchain tech, including Sergey Nazarov, Casey Rodarmor, Joe Lubin, Emin Gün Sirer and Rune Christensen. Here is a preview of everything on offer.Source

This Is (Hopefully) the Last CoinDesk Article to Mention Craig Wright

He “is not nearly as clever as he thinks he is,” says a U.K. Judge reviewing the Australian computer scientist’s many questionable legal maneuvers.Source

Ether Jumps 10% to $3.4K After Bloomberg Ups Odds of Spot ETF Approval

Markets previously had mostly priced in SEC rejections of the proposed funds beginning this week.Source