Global #cryptocurrency

The crypto world is abuzz with news of a Shiba Inu investor who raked in more than $1 million from the meme-inspired cryptocurrency. This individual's remarkable success is attributed to their ability to foresee the coin's potential and their steadfastness in holding onto it for an extended period.

Recent reports indicate that issuers of Spot Bitcoin ETFs now possess nearly 5% of the total Bitcoin supply. This achievement highlights the increasing demand and swift growth of Spot BTC ETFs in the market, providing institutional investors with a comparatively low-risk method to obtain Bitcoin.

In the final days of May, Bitcoin (BTC) has kept investors and traders on edge. After reaching a new all-time high of nearly $73,000 in March, it subsequently fell sharply, dipping below $57,000 at one point. Recently, Bitcoin seemed ready to aim for new records again.

The Financial Conduct Authority (FCA) in the UK has taken a significant step towards aligning with other financial hubs regarding digital assets.

With U.S. financial markets on pause for Memorial Day, the crypto markets have had a relatively calm start to the week, except for one standout: Chainlink (LINK). As the 14th largest cryptocurrency by market cap, LINK has surged over 10% in the past day, now trading at $18.75, according to CoinGecko data.

Former US President Donald Trump has thrown his support behind cryptocurrencies, expressing enthusiasm for "all things related to this new and burgeoning industry."