U.S. House’s Emmer Says Best Hope for Crypto Legislation Is Year-End Session

Despite the crypto industry’s high-profile recent wins in Congress, major legislation faces a massive practical roadblock in the Senate, U.S. Rep. Tom Emmer (R-Minn.) acknowledged Wednesday, saying that chamber will want its own say in a big crypto bill, leaving little time in the waning congressional session.Source

Cathie Wood Says Ether ETF Filings Were Approved Because Crypto Is an Election Issue

Wood says the filings in support of ether ETFs were not approved in a regular way.Source

Trader Buys 2M Dogecoin Call Options as Meme Coin Market Heats Up

A trader bought $2 million worth of dogecoin {{DOGE}} call options at a strike price of $0.22 on Wednesday, according to PowerTrade’s head of institutional sales, Bernd Sischka.Source

BlackRock Takes the Crown for the Largest Spot Bitcoin ETF From Grayscale

Inflows to IBIT have picked up recently after a dismal few weeks at the end of April. BlackRock now holds the ETF in two of its major funds.Source

Leveraged Ether ETF to Start Trading June 4, Sponsor Volatility Shares Says

Volatility Shares’ 2x Ether Strategy ETF (ETHU) will become the first leveraged crypto ETF available in the United States after the U.S. Securities and Exchange Commission (SEC) let it go effective, the company posted on their website, adding that trading will begin on June 4.Source

Binance Executive Jailed in Nigeria is Suspected of Having Malaria, Family Says

Tigran Gambaryan, Binance’s compliance head, who remains jailed in Nigeria, is suspected of having Malaria, a family spokesperson told CoinDesk.Source

Former FTX Executive Ryan Salame Sentenced to 7.5 Years in Prison

Salame’s lawyers initially asked for 18 months.Source

Riot Plans Hostile Takeover of Bitfarms; Proposes $2.30 Per Share

Bitfarms’ shares were up nearly 6% at $2.13 as of 14:00 UTC following Riot’s announcement.Source

Medical Device Maker Semler Scientific Stock Rises 25% After $40M Bitcoin Investment

The company announced its Bitcoin treasury strategy Tuesday morning.Source

Solana Validators to Get More SOL as Fee Proposal Passes in Favor

Over 77% of Solana governance participants voted in favor of giving validators the full priority fee amount per transaction.Source