EddieJayonCrypto

 21 May 24

tl;dr

• Gala Games' GALA token experienced a sharp decline due to a security breach involving over $200M, but the incident was contained, and the price stabilized.• The SEC faces accusations of maneuvering the crypto market, with Prometheum's alignment and classification of Ethereum as a security sparking...

• Gala Games' GALA token experienced a sharp decline due to a security breach involving over $200M, but the incident was contained, and the price stabilized.
• The SEC faces accusations of maneuvering the crypto market, with Prometheum's alignment and classification of Ethereum as a security sparking outcry from the crypto community.
• Bitcoin exchange reserves have dropped below $2 million, suggesting a potential price surge driven by institutional interest and growing ETF inflows.
• Senior Democrats oppose the Financial Innovation and Technology for the 21st Century Act (FIT21), citing concerns over weakening investor protections and regulatory oversight.
• CoinShares says US crypto investments are surging $932M last week amid regulatory uncertainty, with significant inflows into Bitcoin and mixed reactions for Ethereum, reflecting a complex interplay of economic data and investor sentiment.
• American Bankers Association (ABA) raises red flag against US CBDC

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