Join Matt and Nick as they break down the latest market uptick; the state of Wisconsin’s investing in Bitcoin ETFs; the U.S. Senate voting to override an anticrypto rule; Solana vs Ethereum; altcoin updates; and more.

Key Takeaways
• Cryptocurrencies traded higher following the latest U.S. CPI data coming in line with expectations.
• The U.S. Senate approved a rule change that would make it easier for banks to offer cryptocustody services. However, President Joe Biden said he would not be signing off on this.
• Nearly 1,000 entities reported owning spot Bitcoin ETFs as of the end of March. Worth noting, however, the vast majority of these are likely not holding for investment purposes.
• The State of Wisconsin Investment Board (SWIB) was one that reported owning roughly $160M worth of these ETFs for investment purposes. This is very bullish and may prompt other state pensions to follow Wisconsin’s lead.
• Solana overtook Ethereum mainnet in terms of daily economic value (i.e. transaction fees plus MEV) for the first time. Yet another sign that Solana should not be overlooked.
• The SEC must approve or deny two spot Ethereum applications by the end of this week. A denial is widely anticipated. If this happens, the SEC’s rationale will be a mustfollow, as will any public statements from the relevant applicants (i.e. VanEck, Ark Invest and 21Shares).
• Among the altcoin updates covered: news regarding zkSync and Blast’s airdrops; and Synthetix’s sUSD losing its peg.

Timestamps:
00:00 Intro
00:20 Market Recap
02:02 Major Breakthrough for Crypto Custody
06:20 Institutional Adoption: Bitcoin ETF Holders
09:48 Court Decisions: Tornado Cash and MEV Exploitation
12:25 Gas Prices on Ethereum Hit FourYear Low
14:45 Solana Overtakes Ethereum in Daily Economic Value
22:20 CME Group to Launch Bitcoin Spot Trading
25:18 Consensus Conference at End of May
26:32 Mastercard Tokenised Deposits via Standard Chartered Bank

#BTC #ETH #SOL #SNX

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