This Week In Crypto (CW21)

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Welcome to another edition of our weekly newsletter, where we bring you the latest updates and insights from the world of cryptocurrencies.

As always, we have scoured the internet and our sources to provide you with a brief outlook for the upcoming week and a quick recap of the most noteworthy events from last week.

Outlook for This Week

Hey Team CryptoExplorer! As always, hope this email finds you well.

Hope you’re all set for another exciting week in the world of crypto. Here’s a quick rundown of what’s coming up and how it might shake up the market. Let’s dive in!

🚀 SEC’s Decision on Spot Ethereum ETFs

The SEC is expected to make a decision on spot Ethereum ETFs sometime this week. If they approve it, we could see a significant boost in Ethereum’s price as it opens the doors for more institutional investors. Keep your eyes peeled for this one!

🏛️ Final Votes for the FIT21 US Bill

The final votes for the FIT21 US bill are anticipated before the end of May. This bill could bring more regulatory clarity to the crypto space, potentially encouraging more mainstream adoption. Watch out for any news here, as it could impact the market sentiment broadly.

📜 FOMC Meeting Minutes – Wednesday

The Federal Open Market Committee (FOMC) will release their meeting minutes on Wednesday. Any hints about future interest rate changes or economic outlooks could affect the crypto market. Typically, more hawkish (tightening) views might cause a dip, while dovish (easing) sentiments could spur growth.

🌍 Flash PMI Reports – Thursday

On Thursday, flash PMI reports from France, Germany, the UK, and the US are coming out. These reports are good indicators of economic health. Strong numbers might boost confidence in traditional and crypto markets alike, while weak ones could have the opposite effect.

Stay tuned and keep those alerts on – it’s going to be an eventful week!

And there you have it! Keep these events on your radar and let’s see how the week unfolds. As always, I’ll be keeping a close eye on all the developments and share my thoughts with you.

Upcoming Token Unlocks

Token Unlocks

The unlocking of tokens brings previously locked tokens into circulation. As these events increase the supply of a token, they also affect its price.

Last Week’s Headlines

In case you missed it, here’s a quick recap of the most interesting events from last week. Join our free Telegram server to get daily summaries like this.

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Bitcoin Spot ETF Volume Hits 7-Week High

Bitcoin Spot ETF

Inflows top $303 million, buoyed by Fidelity and GBTC, marking the first day of inflows in a week.

FIT21 Bill Heads for Final Vote

FIT21 Bill

Potential act seeks a thorough legal regime for digital assets in the United States.

US Senate Rejects SEC’s Crypto Decree

US Senate Rejects SEC’s Crypto Decree

Decree could damage custody services; Senate rejects it but Biden may veto the vote.

US Justice Department Busts $73 Million Scam

US Justice Department busts $73 million scam

Operators behind shell companies tied to crypto scams arrested.

That’s it for this week. As always, stay curious, stay informed, and stay invested.

Wish you all a good start into the week!

Stefan Erben
Founder InvestmentExplorer & Co-Founder CryptoExplorer

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