Bitcoin’s Uptrend Threatened by Looming ‘Stochastics’ Signal: Fairlead Strategies
The pending signal, if confirmed, would imply a challenging time ahead, according to analysis by Fairlead Strategies.Source
Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year
Sen. Cynthia Lummis said the window is closing, but it’s not shut yet.Source
Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies, Study Finds
Nearly half of all corporate political contributions in the 2024 election cycle came from cryptocurrency companies, according to a Wednesday report from corporate influence watchdog Public Citizen.Source
TradFi Underestimates Bitcoin’s Enormous Scale, Franklin Templeton CEO Says
Bitcoin processed $36.6 trillion in transactions last year, far more than payment network giants Mastercard and Visa combined.Source
Kamala Harris Signals Interest in Friendlier Stance on Crypto: Bloomberg
The cryptocurrency industry has made no secret of its displeasure with the Biden administration’s approach towards regulating digital assets.Source
DePIN Media Network PTK Starts Up on Coinbase’s Base to Bring Transparency to Making Movies
PKT has Hollywood talent behind it who are sick of the the black box that is the industry’s film production process.Source
Bitcoin Gets Brief Boost After U.S. Employment Growth Revised Lower
Job growth for the 12-months ending in March 2024 was 818,000 lower than previously reported, according to a government report.Source
CoinDesk 20 Performance Update: Index Trades Down Despite Gains from MATIC and UNI
Polygon and Uniswap gain ground as Litecoin and others drag CoinDesk 20 index down by 0.3%.Source
Controversial Crypto Firm Prometheum to Treat Uniswap and Arbitrum’s Tokens as Securities
Prometheum is forging ahead with its strategy to comply with the U.S. Securities and Exchange Commission’s view on cryptocurrency transactions by letting two more tokens into its custody operation for crypto securities, whether the rest of the industry agrees or not.Source
BlackRock’s ETHA Becomes First Ethereum ETF to Cross $1B in Net Inflows
ETHA holds over $860 million in net assets. Only Grayscale’s mini ether trust (ETH) and Ethereum trust (ETHE) have more. Its net inflows are more than the next three highest ETF inflows combined.Source