Bitcoin in Stasis Below $27K Ahead of Powell Speech

At 15:00 GMT, Powell will speak at the “Perspectives on Monetary Policy” panel before the Thomas Laubach Research Conference hosted by the Federal Reserve.Source

Privacy-Focused Network Horizen Expected to Undergo Node Upgrade in June

The upgrade would bring enhancements to sidechains and bug fixes.Source

First Mover Americas: Litecoin Might Be Trading at a Discount

The latest price moves in bitcoin (BTC) and crypto markets in context for May 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan

Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said.Source

Digital Asset Firm HashKey Group Looks to Raise up to $200M at $1B Valuation: Bloomberg

The firm is looking to capitalize on Hong Kong’s re-emergence as a potential crypto hub as the city has looked to formulate a clear regulatory structure for digital assets.Source

XRP Bucks Bitcoin-Led Slide in Majors as SEC Case Tilts in Ripple’s Favor

Ripple has historically maintained a distance from XRP, the token that powers some of its products and the XRP Ledger networkSource

Litecoin Is Undervalued, Onchain Indicator Suggests

Litecoin has rallied nearly 31% so far this year, but is still trading at discounted prices, according to an onchain metric called the MVRV Z-score.Source

Crypto Browser Opera Integrates Layer 1 Blockchain MultiversX

Users will be able to interact with the MultiversX network through its native tokens, NFTs and decentralized applications, all within the Opera browser interface.Source

NFT Marketplace DIBA Goes Live on ‘Really Good for Bitcoin’ Smart Contracts

DIBA also released a Bitcoin-only wallet in partnership with mining company Hut 8 Mining.Source

First Mover Asia: Traders Long on Bitcoin Despite Debt Ceiling Challenges, Dark U.S. Regulatory Clouds

PLUS: Meme coins don’t respect the intellectual property rights of others. And that’s a problem.Source