• Midas Crypto
  • Posts
  • 🌙 Crypto Markets Surge on Positive ETF Inflows

🌙 Crypto Markets Surge on Positive ETF Inflows

Bitcoin rallied above $67,000 for the first time in nearly a month, while ETH surged 5%.

Author

Mike Gavela
May 17, 2024

In partnership with

Crypto Roundup - May 17

The cryptocurrency markets are experiencing a significant upturn, driven by substantial inflows into Bitcoin ETFs. Notably, Morgan Stanley and Millennium Management have invested millions into these ETFs, indicating growing institutional interest. Meanwhile, in a contrasting development, a Nigerian judge has denied bail to Binance executive Tigran Gambaryan, who faces charges of money laundering and tax violations. This case highlights the ongoing regulatory challenges facing the cryptocurrency sector globally.

Top Stories:

  • Crypto markets surge due to positive inflows into Bitcoin ETFs.

  • Morgan Stanley and Millennium Management invest heavily in Bitcoin ETFs.

  • Nigerian judge denies bail to Binance exec Tigran Gambaryan amid money laundering trial.

SPONSORED BY

$1 Crypto Stock Just Disrupted the Industry

Iron-fisted regulations on bitcoin mining loom over the industry, as high energy consumption leads to concerns about its environmental impact.

And this carbon-neutral mining stock has positioned themselves to take over.

In many cases… they already have.

Read Bullseye Trade to learn more.

TOP STORIES

Crypto Markets Surge on Positive ETF Inflows - The Defiant

Bitcoin rallied above $67,000 for the first time in nearly a month, while ETH surged 5%.

thedefiant.io/news/markets/crypto-markets-surge-on-positive-etf-inflows

Morgan Stanley and Millennium Management are pouring millions into Bitcoin ETFs — Here’s why they’ll buy more

Major Wall Street firms have finally revealed how much Bitcoin they’ve added to their balance sheets — and it’s a lot.

www.dlnews.com/articles/markets/morgan-stanley-millennium-invest-millions-in-bitcoin-etfs

Jailed Binance exec denied bail in Nigeria as $35m money laundering trial opens

Binance staffer Tigran Gambaryan, detained in Nigeria for almost two months, has been denied bail on alleged money laundering offences.

www.dlnews.com/articles/regulation/nigerian-judge-denied-bail-for-binance-exec-tigran-gambaryan

FUNDRAISES

OTHER HEADLINES

Oklahoma passes bill protecting ‘fundamental bitcoin rights’

Oklahoma passed a bill earlier this week that protects state residents' right to self-custody digital assets. 

blockworks.co/news/oklahoma-bill-protects-fundamental-bitcoin-rights

Feds Charge Chinese Nationals in $73 Million 'Pig Butchering' Crypto Scam - Decrypt

The Department of Justice charged Daren Li and Yicheng Zhang with orchestrating a “pig butchering” cryptocurrency scam.

decrypt.co/231343/feds-charge-chinese-nationals-73-million-crypto-scam

Changpeng Zhao teases writing project ahead of reporting to prison

Former Binance CEO Changpeng Zhao suggested he would use his upcoming “quiet time” in prison in Washington or Oregon for a writing project.

cointelegraph.com/news/changpeng-zhao-project-reporting-prison

CRYPTO TWITTER (X)

SHARE!

Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 85,000 investors and crypto degenerates who read Midas Crypto daily!