Mayo saw the bullish momentum in the crypto markets as Bitcoin (BTC) reached a new all-time high of $ 111,000 and Coinbase joined the S&P 500.
The markets could breathe a sigh of relief, on May 12, US president Donald Trump reached a trade deal with China, which puts a 90-day handling of tariffs with markets in a tailspin. The news found BTC prices hit $ 105,000, a three -month high, before jumping up to $ 102,000.
In the presence of policy, five US states have enacted new Bitcoin laws. Texas has established the state’s long -awaited Bitcoin reserve. In Alabama, an effort to release the crypto from certain forms of taxation is endless.
Openai is looking to move to the US and set up orb stations scanned across six cities in five American states. The step follows the legal action against the world in 12 countries.
Here’s can by the numbers:
Five states made crypto -related laws in May, Texas passes the Bitcoin Reserve Bill
In the US, cryptocurrency law progresses in many fronts, with five states passing or conducting cryptocurrency -related fees.
In Texas, the state passed a bill that establishes a Bitcoin (BTC) reserve (BTC). New Hampshire made a similar move, enabling The state manager to invest in public funds containing precious metal and digital assets such as Bitcoin with the passage of HB302.
In Arizona, the newly formed Bitcoin and Digital Assets Reserve Fund Hold unclaimed digital assets. The State of Arizona can now claim the owner of abandoned digital assets if the owner does not respond to contact attempts for three years. The State can also promote the ownership of the funds to earn airdrops and rewards.
In Nebraska, the public power utility now has some authorities among Bitcoin miners. LB526, which passed the final reading on May 14, gives them to need Bitcoin miners using 1 megawatt or more to cover the cost of infrastructure upgrades. It also introduces a permit regime and reporting requirements for electricity consumption.
Oregon includes crypto in equal commercial code.
Coinbase Stock Up 19.37% in May, Join S&P 500
Crypto Exchange Coinbase’s stock price reached 19.37% in the moon, despite Announced a $ 400 million security incident on May 15.
Despite the sum of the eye attack, which has been reported has triggered an investigation Through the US Department of Justice, the stock price closed May 29 at $ 248.84.
Moreover, the Crypto company It has been The first to include in the Benchmark S&P 500 index, in which the crypto industry is grateful as a new high for crypto adoption and industry growth.
Not everyone is pleased. Concerns about security and the overall volatility of the stock market have left some observers who are skeptical of incorporating the exchange in the well -known index. “All I can tell you is that it’s not good,” Says Comment of business and economy Ed Elson.
Related: Coinbase on S&P 500: More crypto companies to come?
Back to the main indexes after the 90-day US-China tariff deal
On May 12, the Trump administration announced that it had reached a deal with China to suspend tariffs within 90 days, including the S&P 500 and the Nasdaq seeing nominal acquired 4.5% and 3%, respectively, a day after the news. Bitcoin is also up to 2%.
According to a market review by Cointelegraph, Bitcoin Failed to break expectations in the days That followed, as macroeconomic conditions favored stocks on investments such as Bitcoin or gold, the latter fell 3.4% on May 12.
Before the trade was opened on May 30, the NASDAQ-100 index reached 9.16% for the month, while the S&P 500 climbed 6.16%.
Bitcoin “Pizza Day” sees Market Cap Top Amazon at $ 2.2 trillion, BTC ATH
On May 22, “Bitcoin Pizza Day,” the capitalization of the Bitcoin market Crossed $ 2.2 trillion, caught The market cap of e-commerce giant Amazon.
The day of Pizza, which marks Bitcoin OG Laszlo Hanyecz’s 10,000 BTC Pizza Purchase in 2010 (worth $ 41 at the time), also found the price of Bitcoin Press a new all-time high to just over $ 109,000. Bitcoin broke the record Some days Eventually by reaching $ 111,970.
By the end of the month, the Bitcoin rally was cooled as demand for the slow -slowed asset, with funds exchanged by the Bitcoin exchange Snaping a 10-day outflow of flow and recording $ 347 million in net outflows on May 29.
Openai moves the World Project with us after implementing actions in 12 countries
On April 30, Openai CEO Sam Altman announced that the project of his company’s digital identity project, World, would set up in the United States.
Regulators in 12 different countries have made some form of legal action against the world, with stated reasons derived from Data Privacy and Protection (Kenya) to concerns of possible economic manipulation through the token (Brazil). In Hong Kong, the project was banned directly.
Related: Alarm bells have touched us over Openai’s crypto project
The world has addressed privacy concerns by saying that it does not hold the recognition of information attached to the unique eye -catching recorded on orb devices. It is also said that it does not control or hold that information, but users own and control that information in the form of their World ID.
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