Point72, the $34 billion hedge fund of billionaire and owner of the New York Mets, Steven Cohen, held $77.5 million of the Fidelity Wise Origin Bitcoin Fund (FBTC) as …

Source: https://www.coindesk.com/opinion/2024/05/17/does-the-sab-121-vote-mean-anything-for-future-crypto-legislation/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The halving and a possible U.S. mining tax have miners considering new locations for basing their cost-sensitive operations. Source: https://www.coindesk.com/consensus-magazine/2024/05/17/miners-eye-middle-east-as-next-region-for-growth/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The CoinDesk 20 Index is higher by more than 4% over the past 24 hours as crypto’s big rally this week continues. Source: https://www.coindesk.com/markets/2024/05/17/bitcoin-rises-above-67k-but-lags-broader-crypto-market-as-eth-sol-link-post-big-gains/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

All but two cryptos in the index moved higher over the past week, with Cosmos and Aptos missing out on the rally. Source: https://www.coindesk.com/markets/2024/05/17/near-tokens-10-gain-tops-coindesk-20-last-week-coindesk-indices-market-update/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Morgan Stanley was the owner of $269.9 million of Grayscale’s Bitcoin Trust (GBTC) as of March 31, a 13F filing showed. Source: https://www.coindesk.com/business/2024/05/17/morgan-stanley-latest-bank-to-disclose-spot-bitcoin-etf-holdings-for-clients/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said. Source: https://www.coindesk.com/business/2024/05/17/coinbase-upgraded-to-neutral-from-underperform-at-bank-of-america-on-positive-crypto-market-dynamics/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A lawsuit filed on Thursday alleges Dolce & Gabbana USA messed up their delivery resulting in NFTs bought by a customer for $6,000 losing 97% of their value, Bloomberg …

Ether’s sell-off has stalled at an upward-sloping trendline, characterizing the rally from October lows. Source: https://www.coindesk.com/markets/2024/05/17/ether-bears-hit-a-brick-wall-as-price-collides-with-bull-market-trendline/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The cryptocurrency does not have major supply-side overhangs such as token unlocks or miner sell pressure, the report said. Source: https://www.coindesk.com/markets/2024/05/17/ether-could-surprise-to-the-upside-in-the-coming-months-coinbase-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines