This Week In Crypto (CW22)

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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 everyone,

Hope you’re having a great week! Here’s the rundown of what’s coming up in the crypto world and a few other notable financial events you should keep an eye on.

ETH ETF Updates

We saw the approval of the Ethereum ETF last week, but remember, it takes time to really launch. Any updates regarding the ETH ETF this week can significantly impact the price. Stay tuned for any breaking news.

ETPs on the London Stock Exchange (Tuesday)

Starting Tuesday, May 28, Bitcoin and Ethereum exchange-traded products (ETPs) will begin trading on the London Stock Exchange. This is exciting as it provides more ways for traditional investors to get involved in crypto. I believe this move will help further legitimize crypto in the traditional finance world and attract new investors.

US Economic Reports (Tuesday & Thursday)

This week is packed with important US economic reports. On Tuesday, we have the Consumer Confidence Report, which gives us insight into how people feel about the economy. Then on Thursday, we’ll see the preliminary GDP and unemployment claims. Both reports can influence the market, so keep an eye on these dates.

US Treasury Buyback Program (Wednesday)

The U.S. Treasury is starting a buyback program on Wednesday. They plan to repurchase higher-yield debt and replace it with lower-yield debt to save on interest costs. This should help manage public debt more effectively and might boost market confidence. It’s a positive move towards financial stability, which is always good news for investors.

That’s it for this week’s updates! As always, stay informed and keep an eye on the market. Feel free to reach out if you have any questions or thoughts.

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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US SEC Approves Ethereum ETFs

The SEC approves exchange applications from Nasdaq, CBOE, and NYSE for spot Ethereum ETFs, including those from eight issuers such as BlackRock and Fidelity.

ETH ETF Approvals

US House Approves FIT21 Crypto Bill

FIT21 crypto bill passes the US House in a 279-136 vote, establishing the CFTC as the primary regulator of digital assets and increasing regulatory clarity.

FIT21 Crypto Bill

BlackRock’s Bitcoin ETF Inflow High

BlackRock’s spot Bitcoin ETF reaches a six-week inflow high, reflecting growing investor interest and market confidence.

Bitcoin ETF Inflow

Trump on US Crypto Leadership

Trump states that the US must not settle for second place in the crypto industry, emphasizing the importance of maintaining leadership in digital innovation.

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, Co-Founder CryptoExplorer

Disclaimer: This newsletter is for educational purposes only and does not constitute financial advice or an offer to buy or sell assets. You must exercise caution and conduct your research before making any financial decisions.

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