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Today, May 17, is a notable day in the cryptocurrency market as a significant volume of Bitcoin (BTC) and Ethereum (ETH) options contracts, totaling over $2.1 billion, are scheduled to expire.

Cardano (ADA) experienced a downward trend on the daily chart, although it saw a 7.4% bounce from its lows on Wednesday. Technical analysis indicates that market bulls face a challenging task in reversing this trend.

In a notable indication of increasing acceptance within mainstream finance, Morgan Stanley has disclosed a substantial investment of $269.9 million in Bitcoin through Grayscale’s GBTC trust, as noted in its first-quarter 13F filing.

Hong Kong, a city known for its bustling finance scene, recently set the stage for a groundbreaking event: Ordinals Asia 2024. Held on May 10th and 11th, this conference served as a pivotal platform for exploring the burgeoning world of Ordinals – a revolutionary technology that allows users to permanently inscribe data directly onto individual Satoshis (the smallest unit of Bitcoin).

Chainlink (LINK) has experienced a significant surge, rising by nearly 19% in the past 24 hours, following the announcement of its collaboration with the Depository Trust and Clearing Corporation (DTCC), a prominent financial market infrastructure company based in the United States.

Fantom (FTM) has experienced substantial price appreciation in recent days; however, there is now speculation about a possible correction in the altcoin's value.

Tether, the creator of USDT, has utilized its treasury to generate a substantial volume of its stablecoin. According to on-chain data, Tether Treasury produced 1 billion USDT on May 16, specifically at 16:50 UTC.

Following a recent deepfake scam involving the misuse of Tesla CEO Elon Musk's image to promote a fake cryptocurrency trading platform named "Quantum AI," authorities in Hong Kong are on high alert.

Coinfest Asia sets itself apart from typical conferences with its laid-back, festival-style atmosphere. Imagine exchanging ideas and forging connections on a casual clifftop venue overlooking the stunning Balinese scenery. This unique setting fosters a more engaging and interactive experience, allowing attendees to truly connect with the Web3 community.

Diamond Paws (DIAPAWS) has emerged as a new memecoin on the Solana blockchain, drawing comparisons to popular tokens like Shiba Inu (SHIB) and Dogecoin (DOGE).

The impact of Seamless Middle East extends beyond the event itself. It serves as a catalyst for innovation, sparking new ideas and collaborations that propel the region's digital commerce ecosystem forward. The knowledge exchange, networking opportunities, and exposure to cutting-edge solutions empower businesses to adapt, thrive, and contribute to the continued growth of the digital Middle East.

The 3i Africa Summit, held from May 13th to 15th, 2024, in Accra, Ghana, concluded with a resounding success. The summit, organized by the Bank of Ghana (BoG) and Development Bank Ghana (DBG) in partnership with Elevandi (set up by the Monetary Authority of Singapore), served as a pivotal platform for stakeholders across Africa's digital finance and technological landscape.