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Latest headlines from Coindesk.

Morgan Stanley Latest Bank to Disclose Spot Bitcoin ETF Holdings for Clients

Morgan Stanley was the owner of $269.9 million of Grayscale’s Bitcoin Trust (GBTC) as of March 31, a 13F filing showed.

https://www.coindesk.com/business/2024/05/17/morgan-stanley-latest-bank-to-disclose-spot-bitcoin-etf-holdings-for-clients/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Industry Rallies Behind House Bill As it Heads Toward Final Vote

The U.S. House of Representatives is on the verge of a vote that will represent the closest the cryptocurrency industry has ever been toward finally winning regulation in the U.S., and the sector's as...

https://www.coindesk.com/policy/2024/05/17/crypto-industry-rallies-behind-house-bill-as-it-heads-toward-final-vote/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Internet Computer-Based 'Bitfinity EVM' Launches as Bitcoin L2, Supports Runes

The Bitfinity EVM is designed to allow developers to Bitcoin-based Solidity smart contracts, allowing them to transfer BTC, Ordinals and Runes.

https://www.coindesk.com/tech/2024/05/17/internet-computer-based-bitfinity-evm-launches-as-bitcoin-l2-supports-runes/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Coinbase Upgraded to Neutral From Underperform at Bank of America on Positive Crypto Market Dynamics

The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said.

https://www.coindesk.com/business/2024/05/17/coinbase-upgraded-to-neutral-from-underperform-at-bank-of-america-on-positive-crypto-market-dynamics/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Binance Exec Tigran Gambaryan Denied Bail by Nigerian Court

The Nigerian court also ruled that the Binance exchange can be served the FIRS tax evasion charges through its executive Tigran Gambaryan.

https://www.coindesk.com/policy/2024/05/17/binance-exec-tigran-gambaryan-denied-bail-by-nigerian-court/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Turkey Tables Crypto Bill in Parliament, Aims to Bring Crypto Licensing to the Country

The bill aims to introduce a licensing scheme for crypto firms, which will be handled by the CMB and bring the firms under the regulator's scope.

https://www.coindesk.com/policy/2024/05/17/turkey-tables-crypto-bill-in-parliament-aims-to-bring-crypto-licensing-to-the-country/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: Bitcoin Regains $66K Following Bullish ETF Data

The latest price moves in bitcoin (BTC) and crypto markets in context for May 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/05/17/first-mover-americas-bitcoin-regains-66k-following-bullish-etf-data/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets

The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.

https://www.coindesk.com/policy/2024/05/17/hong-kong-expands-cross-border-digital-yuan-trial-allows-residents-to-set-up-e-cny-wallets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Dolce & Gabbana Sued for Messing Up Delivery of Its NFTs: Bloomberg

A lawsuit filed on Thursday alleges Dolce & Gabbana USA messed up their delivery resulting in NFTs bought by a customer for $6,000 losing 97% of their value, Bloomberg reports.

https://www.coindesk.com/business/2024/05/17/dolce-gabbana-sued-for-messing-up-delivery-of-its-nfts-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Traders Target $74K Next Week as BTC Spot ETFs Log Four Days of Inflows

One trader said rising risk appetite for alternative assets could cause bitcoin to exceed the $70,000 level over the weekend.

https://www.coindesk.com/markets/2024/05/17/bitcoin-traders-target-74k-next-week-as-btc-spot-etfs-log-four-days-of-inflows/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ether Bears Hit a Brick Wall as Price Collides With Bull-Market Trendline

Ether's sell-off has stalled at an upward-sloping trendline, characterizing the rally from October lows.

https://www.coindesk.com/markets/2024/05/17/ether-bears-hit-a-brick-wall-as-price-collides-with-bull-market-trendline/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ether Could Surprise to the Upside in the Coming Months, Coinbase Says

The cryptocurrency does not have major supply-side overhangs such as token unlocks or miner sell pressure, the report said.

https://www.coindesk.com/markets/2024/05/17/ether-could-surprise-to-the-upside-in-the-coming-months-coinbase-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Fantom Outperforms CoinDesk 20 Over Past Week as TVL Jumps

FTM has gained 13% in the last week, and total value locked in Fantom briefly hit $200 million.

https://www.coindesk.com/markets/2024/05/17/fantom-outperforms-coindesk-20-over-past-week-as-tvl-jumps/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Biden Order to Halt China-Tied Bitcoin Mine Beside Nuke Base Came as U.S. Firm Just Bought it

President Biden's emergency order to halt the Chinese-tied mining on the doorstep of a nuclear-missile base hit days after mining giant CleanSpark struck a deal to buy the property.

https://www.coindesk.com/policy/2024/05/16/biden-order-to-halt-china-tied-bitcoin-mine-beside-nuke-base-came-as-us-firm-just-bought-it/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

LocalMonero Shutdown Is Another Blow for Privacy Tech

It is getting harder to buy XMR, but every day that monero continues to exist is proof positive of its value, says CoinDesk's Dan Kuhn.

https://www.coindesk.com/opinion/2024/05/16/localmonero-shutdown-is-another-blow-for-privacy-tech/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Solana Meme Coin Factory Pump.Fun Compromised by 'Bonding Curve' Exploit

The exploiter may not be making any money from the attack.

https://www.coindesk.com/business/2024/05/16/solana-meme-coin-factory-pumpfun-compromised-by-bonding-curve-exploit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Coinbase Shares Sink 9% on Report CME to Consider Listing Spot Bitcoin

The stock was the second worst performing among crypto stocks on Thursday.

https://www.coindesk.com/business/2024/05/16/coinbase-shares-sink-9-on-report-cme-to-consider-listing-spot-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

DTCC, Chainlink Complete Pilot to Accelerate Fund Tokenization with JPMorgan, Templeton, BNY Mellon Participating

The aim of the Smart NAV pilot was to test a process to bring and disseminate fund data on multiple blockchains, a key step for tokenization.

https://www.coindesk.com/business/2024/05/16/dtcc-chainlink-complete-pilot-to-accelerate-fund-tokenization-with-jpmorgan-templeton-bny-mellon-participating/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

As a Pension Embraces Bitcoin, Hope Grows for Cryptocurrency's Long-Term Prospects Even Among Conservative Pros

Spot bitcoin exchange-traded funds debuted with a giant splash in January, quickly attracting billions of dollars of investment. But who was buying them and why have inflows stalled in recent weeks? W...

https://www.coindesk.com/news-analysis/2024/05/16/as-a-pension-embraces-bitcoin-hope-grows-for-cryptocurrencys-long-term-prospects-among-even-conservative-pros/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

How 2 Brothers Allegedly Cheated a Noxious-But-Accepted Ethereum Practice for $25M

First there was "The Bait." Then there was "Unblinding the block," followed by "The Search," and ultimately "The Propagation." U.S. prosecutors detailed an incredibly complicated Ethereum exploit in a...

https://www.coindesk.com/tech/2024/05/16/how-2-brothers-allegedly-cheated-a-noxious-but-accepted-ethereum-practice-for-25m/?utm_medium=referral&utm_source=rss&utm_campaign=headlines