The latest price moves in bitcoin (BTC) and crypto markets in context for May 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week. Source: https://www.coindesk.com/markets/2024/05/22/ether-has-1-in-5-chance-of-tapping-5k-by-end-june-defi-options-protocol-lyra-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

WisdomTree’s Physical Bitcoin (BTCW) and Physical Ethereum (ETHW) are expected to list on the LSE to professional investors on May 28 Source: https://www.coindesk.com/business/2024/05/22/wisdomtree-gets-green-light-to-list-bitcoin-ether-etps-on-london-stock-exchange/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The coalition also includes prominent crypto companies Ripple and Gemini, as well as Meta and Match Group, the parent company of dating apps Tinder and Hinge. Source: https://www.coindesk.com/policy/2024/05/22/coinbase-kraken-others-form-coalition-to-tackle-pig-butchering-scams/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

SOL is often cited as a contender to replace ETH eventually. This week’s market action shows how Herculean the task would be. Source: https://www.coindesk.com/markets/2024/05/22/ether-market-cap-adds-close-to-an-entire-solana-blockchain-in-a-single-day/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Analysis by Nansen shows that early TRUMP holders made an ROI of over 1,600% from the PoliFi token. Source: https://www.coindesk.com/markets/2024/05/22/donald-trump-themed-meme-coins-breed-crypto-millionaires-as-maga-token-surged/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Cboe, an exchange associated with five of the issuers of a potential spot ether exchange-traded fund (ETF), published its amended 19b-4 filings in response to feedback from regulators. The …

The fast move likely signals short-term profit taking after ether’s rapid 30% rally, one observer noted. Source: https://www.coindesk.com/markets/2024/05/21/ether-rally-prompts-over-300-million-eth-inflow-to-crypto-exchanges-nansen/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The likely GOP flag-bearer in the upcoming U.S. presidential election signaled his friendliness to crypto at a campaign fundraiser two weeks ago. Source: https://www.coindesk.com/business/2024/05/21/trump-becomes-first-major-party-candidate-to-accept-crypto-donations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The commodities regulator has been clear about the dangers of regulating a burgeoning industry through enforcement actions. Source: https://www.coindesk.com/consensus-magazine/2024/05/21/cftc-commissioner-summer-mersinger-on-overzealous-crypto-regulation-and-the-need-for-legislative-action/?utm_medium=referral&utm_source=rss&utm_campaign=headlines