BTC breaks through the $103000 mark

Odaily Planet Daily News: Raoul Pal, co-founder and CEO of Real Vision, stated that the dominance of the Bitcoin market (BTC dominance) may have peaked today. The reason is that DeMark indicators, including daily, weekly, and monthly levels, have all shown top signals, and this high point is significantly lower than the top of the 2021 cycle, which in turn is lower than the top of the 2017 cycle. Pal added that if this judgment is true, it will be a landmark signal for the market to enter the next stage of the so-called 'Banana Zone' (referring to the high-risk high return stage).

BlockBeats News: On May 9th, according to the monitoring of On Chain Lens, well-known rapper and internet celebrity Kanye West forwarded a tweet with the address of the Meme coin DYDDY contract early this morning. Two investors bought under the influence of FOMO sentiment, and Address 1 spent $632200 to purchase 8.67 million DIDDY, currently losing $316700; Address 2 spent 544800 US dollars to purchase 4.46 million DIDDY units, currently losing 382000 US dollars.

According to Bloomberg, SEC Commissioner Hester Peirce stated in a podcast that the decade long approval process for Bitcoin spot ETFs has been "severely mishandled" and criticized the "weak" reasons given by regulators when approving in 2024. She pointed out that the SEC is still facing lawsuits and multiple considerations, and called on the market to be patient with other cryptocurrency ETFs and regulatory developments. Peirce emphasized that SEC approval of a product does not necessarily mean it is a "good investment", and investors need to make their own judgments. There are currently about 80 cryptocurrency related ETF applications under review.

According to The Block, Camp Network announced the launch of its first public testnet, K2, focusing on intellectual property management. The project completed a $30 million Series A funding round led by 1kx and Blockchain Capital in April. Camp stated that dozens of dApps will be deployed before the mainnet goes live, with ecosystem partners covering over 5 million users and creative content. Camp also builds a "Clearable Rights AI Training Data Market" to promote verifiable traceability and fair monetization of IP in fields such as art, music, and data.

1. US encrypted stocks lead the market higher 2. Bank of America can custody cryptocurrencies 3. Coinbase CEO says stablecoin bill needs to be amended 4. Meta once again enters the stablecoin field 5. The US Senate will vote on the stablecoin bill 6. Oregon adopts legal standards for digital assets The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/458559