In contrast to the enthusiasm that preceded the approval of spot Bitcoin ETFs, reports over the past few weeks suggest that optimistic expectations for the Ethereum product's approval have cooled down. Speaking with Bloomberg this week, Katherine Dowling, general counsel for ETF applicant Bitwise, said she anticipates rejection next week due to the lack of public activity typically seen before... source: https://cryptobriefing.com/sec-ethereum-etf-decision-loom/

Ripple has released its first-quarter report for this year, highlighting substantial network activity for its XRP token and the XRP Ledger (XRPL). These growth metrics coincide with substantial progress in Ripple’s ongoing legal battle with the US Securities and Exchange Commission (SEC). XRP And XRPL Wins Big in the First Quarter XRP’s daily spot trading activities surged 40%... source: https://beincrypto.com/ripple-xrp-xrpl-q1-2024-report/

Bitcoin which has been moving downward for a while now has managed to break above its previous resistance level of $67,303.98 and has been showing signs of a potential rally ever since. At the time of writing, the price of BTC is up by 0.04%, and it is currently trading at around $67,303.98. BTC’s price […] source: https://bitcoinist.com/bitcoin-breakout-from-major-resistance-levels/

中国人民銀行の中央銀行デジタル通貨（CBDC）であるデジタル人民元のパイロットプログラムが香港で開始された。 source: https://jp.cointelegraph.com/news/hong-kong-digital-yuan-pilot-p2p-transactions

On May 18, 2024, 20:33 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 67,000 USDT benchmark and is now trading at 67,002.257813 USDT, with a 0.30% increase in 24 hours.

The SEC will make an important decision on May 23 that will affect the fate of the cryptocurrency market. So what to expect? Continue Reading: The Big Day for the Cryptocurrency Market is Just 4 Days Away: Two Analysts Explain Their Views source: https://en.bitcoinsistemi.com/the-big-day-for-the-cryptocurrency-market-is-just-4-days-away-two-analysts-explain-their-views/

Trader makes millions after PEPE price soars, a new gas model for Ethereum, and Tornado Cash developer convicted. source: https://cointelegraph.com/magazine/trader-turns-3k-into-46m-pepe-ethereum-gas-overhaul-tornado-cash-dev-guilty-hodlers-digest-may-12-18/

According to CryptoPotato, Chinese law enforcement has dismantled a significant underground banking operation that used the well-known stablecoin Tether (USDT) to facilitate transfers totaling 13.8 billion yuan ($1.9 billion). The Public Security Bureau of Chengdu Municipal arrested 193 individuals associated with the case and froze 149 million yuan ($20.6 million) after raiding the operation's location. Investigations carried out by the police since 2021 revealed that the underground banking operation was led by a criminal gang with roots in the Chinese import and export business. The gang used USDT to operate a foreign exchange payment and settlement business, offering illegal services to cosmetics and drug smugglers and locals who purchased foreign assets. The gang also collaborated with other companies to fraudulently obtain tax refunds. The police discovered that USDT was used to circumvent national foreign exchange supervision, posing a risk to the country's financial security. The gang's operation is also connected to job-related crimes, smuggling of illegal goods, and financial fraud such as interfering with credit card management and defrauding export tax refunds. The Longquanyi District Branch of the Chengdu Municipal Public Security Bureau first detected the operation in November 2022 while handling a drug case that involved fund settlement through underground banks. In June 2023, the Ministry of Public Security formed a task force that raided six municipalities, including Shanghai, Changsha, Nanjing, Shenzhen, Fuzhou, and Jinhua, in search of the underground banks. The raid resulted in the arrest of 25 suspects and the confiscation of numerous payment instruments, including bank cards and U-shields. Another raid was conducted in August 2023, resulting in the arrest of 168 individuals across 26 provinces. Following these events, the Ministry of Public Security initiated a nationwide campaign against underground bank crimes. Earlier this week, the police force in Panshi City of the Jilin Province cracked another underground bank involving 2.14 billion yuan ($296 million) in cryptocurrencies and arrested six individuals, including suspects wanted for crimes in South Korea.

The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27. source: https://cointelegraph.com/news/microsoft-billion-dollar-fine-eu-bing-artificial-intelligence-ai

The reduced demand for the Bitcoin network post-halving has led to a significant drop in its fees. source: https://ambcrypto.com/bitcoin-fees-hit-3-month-low-a-12m-drop-explained/

From the perspective of social network forms, Farcaster and UXLINK have relatively stronger social attributes, which can enable the entire economy to maintain sufficient resilience.

This includes block browser verification, checking pool liquidity, and listed exchanges.

Bitcoin’s design limitations are particularly evident in ensuring withdrawal security in Layer 2 solutions.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry dynamics.

It is now very common for pornography industry operators to use cryptocurrencies to conduct illegal activities. Recently, Taiwanese male artist Huang Zijiao was exposed to be in possession of underage pornographic video materials from "Creative Private Studio", which caused widespread heated discussion.

Kraken may drop Tether's USDT in Europe due to impending MiCA regulations, amid regulatory scrutiny and compliance uncertainties.

Genesis Global has obtained court approval to return about $3 billion in cash and cryptocurrencies to customers, resolving disputes with significant recoveries for creditors and Gemini Earn program participants.

Bittensor leverages the power of decentralized networks and uses clever incentive mechanisms to eliminate the zero-sum game between AI models. Instead, it brings together collective wisdom and enables knowledge to be rapidly expanded and shared.

Grayscale's Bitcoin ETF sees $32M inflows, breaking a 4-month outflow streak, signaling renewed investor confidence amidst industry challenges.

Senate's bipartisan approval of H.J.Res. 109 challenges SEC's SAB 121, pushing President Biden to decide amidst political and industry pressures.