May saw the speed of boom in the crypto markets as Bitcoin (BTC) reached a new all-time high above $ 111,000 and joined the coinbase S&P 500.
On May 12, markets can breathe a sigh of relief, on May 12, US President Donald Trump arrived at a business deal with China, a 90 -day grip in the markets in Telspin. This news saw the BTC price below $ 102,000 at a height of $ 105,000, three months before going below $ 102,000.
On the policy front, five American states enacted new bitcoin laws. Texas established a long -awaited state Bitcoin Reserve. In Alabama, the attempt to exempt Crypto from some forms of taxation was postponed indefinitely.
Openai is looking at the US and setting eye-scanning ORB stations in six cities in five American states. This step follows legal action against the world in 12 countries.
Here is May by numbers:
Five states implement crypto-related laws in May, Texas passes bitcoin reserve bill
In the US, the Cryptocurrency law is proceeding on several fronts, with five states to pass or implement the cryptocurrency-related bills.
In Texas, State A state passing a bill establishes a Bitcoin (BTC) reserveNew Hampshire took a similar step, To activate The treasurer of the state to invest in digital assets such as precious metals and bitcoins to invest in public funds.
In Arizona, the newly formed bitcoin and digital assets will be reserved Catch unclaimed digital property. The Erizona state can now claim ownership of abandoned digital assets if the owner fails to respond to contact efforts for three years. The state can also stake property in funds to earn aircraft and awards.
In Nebraska, public power utilities now have some rights over bitcoin miners. LB526, which passed in the final reading on 14 May, requires bitcoin miners using 1 MW or more to cover the cost of upgrading the infrastructure. It also introduces a permission governance and reporting requirements for electricity consumption.
Oregon has included Crypto in its uniform commercial code.
In May, up to 19.37% coinbase Stock, S&P 500 is included.
The stock price of the Crypto Exchange Coinbase is 19.37% in a month, despite $ 400 million security incident revealed On 15 May.
In spite of the attack from the attack, which is allegedly Started an inquiry By the US Department of Justice, the stock price closed on 29 May at $ 248.84.
Also, Crypto Company became The first benchmark was inducted into the S&P 500 index, which was seen by the Crypto industry as a new high for crypto adoption and industry development.
Not everyone is happy. Concerns about safety and overall volatility of the stock market have left some observers, doubting the inclusion of exchange in the famous index. “I can tell you that this is not good,” Said Business and Economics Commentary Ed Elson.
Connected: Coinbase in S&P 500: to come to more crypto firm?
Major Index Bounce back after 90-day US-China tariff deal
On 12 May, the Trump administration announced that it had reached an agreement with China to suspend the tariff for 90 days, in which S&P 500 and Nasdaq saw a nominal benefit of 4.5% and 3% respectively, a day after the news. Bitcoin was also 2%above.
Cointelegraph, according to a market analysis by bitcoin Failed to break expectations in days Subsequently, macroeconomic conditions favored shares on investments such as bitcoin or gold, the later fell 3.4% on May 12.
Before the trading opened on May 30, the NasDaq-100 index was 9.16% for the month, while S&P 500 climbed 6.16%.
Bitcoin “Pizza Day” looks at $ 2.2 trillion, market cap top Amazon on BTC Ath
On 22 May, “Bitcoin Pizza Day,” market capitalization of bitcoin Crossing $ 2.2 trillion, overtaking Market cap of e-commerce giant Amazon.
Pizza Day, which marks the bitcoin value in 2010 (at that time at that time) Hit a new all time high More than just $ 109,000. Bitcoin broke the record A few days Later reaching $ 111,970.
By the end of the month, bitcoin rally was cooled as a demand for asset, with spot bitcoin exchange-traded funds 10-day flow streak And recording $ 347 million in pure outflow on 29 May.
Openai takes the world project to us after enforcement action in 12 countries
On 30 April, Openai CEO Sam Altman announced that his company’s digital identity would be established in the project, World, United States.
In 12 different countries, regulators have taken some form of legal action against the world, from data privacy and protection (Kenya) to their tokens (Brazil) about concerns on potential economic manipulation. In Hong Kong, the project is banned outright.
Connected: Alarm Bells Ring over Openi’s Crypto Project World
The world has addressed the concerns of privacy, saying that it is not an identity related to the unique eye scan recorded on its ORB equipment. It also states that it does not control or performs that information itself, but that users control that information as their world ID themselves and control that information themselves.
magazine: Adam Back says the bitcoin price cycle is ’10x big’, but will still decisively broken above $ 100K
