We’re so back! ETH skyrocketed 22%, Bitcoin surged past $71K. The crypto frenzy is real!

M6 Labs Alpha Bytes🚨: 21st May

GM anon ☕🐺

In today’s Alpha Bytes👇

The SEC's alleged U-turn on spot Ethereum ETFs under political pressure has markets buzzing. ETH skyrocketed 22%, with analysts eyeing $4K. Bitcoin also surged past $71K, driven by a massive inflow into spot Bitcoin ETFs. The crypto frenzy is real!

BTC $71,152 (+6.20%), ETH $3,787 (+21.78%), SOL $179.47 (+1.18%)

Crypto News 📰 

  • ETH jumps 18% amid speculation of SEC approval for spot Ethereum ETFs 

  • Spot Ethereum ETF approval could send ETH price to $5k 

  • British court rules that Craig White is not Satoshi Nakamoto 

  • Grayscale CEO Michael Sonnenshein steps down, replaced by former Goldman Sachs exec. 

  • Gaming token Gala stabilizes as company says security incident contained 

  • Crypto regulations need global consensus: Indian Finance Minister 

  • Notcoin’s explosive growth drives crypto adoption on Telegram 

  • Top CEO bets on a shock Biden flip as Congress heads toward crucial vote 

  • Eight altcoins rally over 10% as volatility swings markets 

  • Brazil’s central bank plans to finalize crypto regulatory framework by the end of the year 

  • Democrat House leadership says crypto bill won’t be whipped 

  • What to expect at Consensys 2024 

  • Bitcoin hits record highs against local currencies in Asia and South America 

  • Bitcoin surges past $71k as spot ETF inflows register increase 

  • Bitcoin shorts worth $1.4 billion at risk of liquidation if BTC price hits $74.3k 

  • US shutdowns lead to global decline in Bitcoin ATMs 

  • Bittrex Global CEO commends Thailand’s firm regulatory approach towards crypto 

  • Bitget CEO Sandra Lou leaves firm four months after insolvency rumors 

  • US House to vote on FIT21 Act, aims to clarify US crypto regulations 

  • FBI traces crypto transfers to dismantle $100 million dark web marketplace 

  • Galaxy Digital’s Thorn says SEC could label staked ETH as security in ETF plans 

  • $300 million meme coin is full of potential security flaws 

  • DeFi TVL reaches 2-year high amid marketwide bull run

  • FLOKI listed on Binance Thailand as KangaMoon eyes CEX listing 

  • Anti-crypto FDIC chair Martin Gruenberg to step down 

  • ZachXBT flags Lazarus-linked addresses worth $61 million 

  • Crypto exchanges exit Hong Kong license race ahead of May deadline 

  • Fidelity reportedly amends Ether ETF S-1 filing, removes ETH staking 

  • Yuga Labs halts CryptoPunks project after ‘woke’ community backlash 

  • Prometheum launches Ether custody service that treats ETH as a security 

  • New York AG reaches $2b settlement with Genesis for defrauded victims 

Project Updates 🔥

Threads 🧵

Launches 🚀

Fundraise 💰

BitlayerLabs (Chain) - $TBD Strategic from OKX Ventures 

New Projects 🆕

That's a wrap for today!

Join our smol research channel to share crypto insights and help us empower the crypto community👇

Join the conversation

or to participate.