A wave of positive regulatory developments for crypto could be coincidence. Or they could be the Biden Administration reacting to Donald Trump’s recent embrace of the industry. Source: https://www.coindesk.com/opinion/2024/05/21/the-biden-administration-is-easing-up-on-crypto-a-vibes-analysis/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The news set off a debate on the social-media platform X about whether advising the EigenFoundation might constitute a conflict of interest – given the flagged risks to Ethereum …

Gala investor DWF Labs also said that it had purchased 28 million GALA tokens “to alleviate market selling pressures.” Source: https://www.coindesk.com/markets/2024/05/21/gala-games-hacker-returns-23m-in-eth-founder-proposes-buy-and-burn/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

AEVO hit $0.9, its highest price since mid-May. Even so, it’s still nearly 70% below where it started trading in March at around $3. Source: https://www.coindesk.com/markets/2024/05/21/crypto-derivatives-dex-aevos-token-jumps-10-as-binance-labs-discloses-investment/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Cookie3’s co-founder and CEO explains how Web3 marketing can create a shared economy of users, creators and businesses. Source: https://www.coindesk.com/consensus-magazine/2024/05/21/filip-wielanier-web3-marketing-is-a-win-win/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The financial terms of the deal were not disclosed. Source: https://www.coindesk.com/business/2024/05/21/solana-based-wallet-phantom-buys-web3-specialist-bitski/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for May 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

Hex Trust Group has issued USDX, the first native stablecoin on layer-1 blockchain Flare, according to a press release. Source: https://www.coindesk.com/business/2024/05/21/hex-trust-issues-first-native-stablecoin-on-layer-1-blockchain-flare/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The notional open interest, or the dollar value locked in the number of active ether futures contracts, surged by 25% in a single day. Source: https://www.coindesk.com/markets/2024/05/21/ether-etf-hopes-drive-futures-open-interest-to-record-14b/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Some traders expect ether prices to reach as high as $4,000 in the coming days, with odds of an ether ETF approval raised to 75%. Source: https://www.coindesk.com/markets/2024/05/21/bitcoin-surges-over-71k-as-ether-etf-hopes-lead-to-260m-in-short-liquidations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines