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Bitcoin selling pressure to ease? M2 money supply flips positive

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Bitcoin selling pressure to ease? M2 money supply flips positive

Crypto traders are pointing to the M2 money supply turning positive as a bullish signal for Bitcoin.



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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

This week’s 12% Bitcoin retreat was a “well-needed market cleansing,” said the former BitMEX boss.



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Memecoins’ mass appeal makes it valuable to DEXs: Kain Warwick

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Memecoins’ mass appeal makes it valuable to DEXs: Kain Warwick

Memes might be the “most simplistic connection” between financialization, tokenization and culture, says Kain Warwick.



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Former FTX exec Ryan Salame to give up $5.9M Bahamas property

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Former FTX exec Ryan Salame to give up .9M Bahamas property

Salame proposes to satisfy the debtors by transferring a residence he owns to FTX Digital Markets Ltd.



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Coinbase posts $1.2B net income in Q1, surpasses entire 2023 earnings

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Coinbase posts .2B net income in Q1, surpasses entire 2023 earnings

Coinbase Q1 earnings exceeded full-year 2023 results thanks to market conditions driven by new Bitcoin ETFs.



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Terraform claims SEC offered ‘no evidence’ for $4.7B in disgorgement

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Terraform claims SEC offered ‘no evidence’ for .7B in disgorgement

Lawyers for the firm claimed that any alleged losses caused by the platform’s or Do Kwon’s actions happened outside the United States, beyond the SEC’s authority in the civil case.



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Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month

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Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month

Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan, saying its an “investment in a future where economic empowerment is the norm.”



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Hong Kong Bitcoin ETF launch in ‘top 20%’, STRK scam suspect busted: Asia Express

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Hong Kong Bitcoin ETF launch in ‘top 20%’, STRK scam suspect busted: Asia Express

The Hong Kong Bitcoin ETF launch was in the top 20% of launches, and 77% of local crypto holders still plan to invest: Asia Express.



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Arkansas governor says state won’t comply with new federal rules on treatment of trans students

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LITTLE ROCK, Ark. (AP) — Arkansas Gov. Sarah Huckabee Sanders declared Thursday that the state won’t comply with a federal regulation that seeks to protect the rights of transgender students in the nation’s schools, joining other Republican-led states that are defying the new rules.

Sanders signed an executive order stating that Arkansas schools will continue to enforce restrictions on which bathrooms and pronouns transgender students can use, laws that could be invalidated by the new regulations on how to enforce Title IX.

“My message to Joe Biden and the federal government is we will not comply,” Sanders said at a news conference at the state Capitol.

The regulation finalized last month seeks to clarify Title IX, a landmark 1972 sex discrimination law originally passed to address women’s rights and applied to schools and colleges receiving federal money. The regulations spell out that Title IX bars discrimination based on sexual orientation and gender identity, too. Sanders called those changes a complete reinterpretation of the law.

Sanders’ order follows similar moves by several other states, including Texas and Oklahoma, that have told schools to not comply with the new regulation. Lawsuits also have been filed in federal courts in Texas, Alabama, Louisiana and Kentucky challenging the rule. The multiple challenges give the states a better chance that one of them will put the rule on hold nationally.

Sanders’ order follows several moves by Arkansas to restrict the rights of transgender youth. The state has appealed a judge’s order striking down Arkansas’ first-in-the-nation ban on gender affirming care for minors. A group of transgender, nonbinary and intersex residents sued the state earlier this week over its decision to no longer allow “X” instead of male or female on state-issued driver’s licenses and identification cards.

“This act is a stark defiance of laws to protect against discrimination and a clear, aggressive attack on the well-being and freedoms of LGBTQ people in our state,” Megan Bailey, spokesperson for the American Civil Liberties Union of Arkansas, said in a statement.

Sanders’ order calls on the state education department to give schools specific guidance, saying “at no point should Arkansas law be ignored.” In addition to laws on bathrooms and pronouns, the order cites Arkansas’ law restricting what teams transgender athletes can play on. The Biden administration’s new rules broadly protect against discrimination based on sex, but they don’t offer guidance around transgender athletes.

Brandon Wolf, senior director of political communications and national press secretary of the LGBTQ advocay group Human Rights Campaign, warned that the state’s refusal to comply could have damaging consequences including a significant loss in funding.

“That appears to be a sacrifice that those whose only priorities are themselves and their own political profiles are willing to make,” Wolf said in a statement.

Sanders said the state would pursue legal action for any loss of funding due to the new regulations.

Crypto leaders should stop flirting with CBDCs

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Crypto leaders should stop flirting with CBDCs

Cryptocurrency enthusiasts largely oppose CBDCs — but industry leaders including Consensys, Ripple and Stellar are throwing their weight behind them.



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