Senate Dems Gear Up Resistance as Stablecoin Bill Meets Test Most Think Will Succeed
2025-05-19 21:18
The U.S. Senate is poised to try another high-stakes procedural vote to push stablecoin legislation forward, which could mark a major win for the crypto sector.
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According to official announcements, OKX Wallet is undergoing an upgrade to its Fractal BRC-20 protocol services. During the upgrade period, the related services of Fractal BRC-20 will be temporarily unavailable, and the affected services are expected to resume normal operations on May 30, 2025. After the service upgrade is completed, users can view and manage assets related to the Fractal BRC-20 protocol in their wallet as usual.
BlockBeats news, on May 20th, according to Cointelegraph, cryptocurrency analyst Bluntz pointed out that there is a bearish divergence on Bitcoin's daily chart, which may weaken the hope of Bitcoin reaching a new historical high this week.
A bearish divergence refers to a situation where prices continue to reach new highs, but the relative strength index (RSI) indicator shows a higher low point, indicating that as prices soar, buying pressure begins to weaken.
According to BlockBeats, on May 20th, according to Lookonchain monitoring, after a brief three-day break, Abraxas Capital once again increased its holdings of 46295 Ethereum tokens (approximately $115.3 million).
According to Bloomberg, South Korean cryptocurrency exchange Bithumb successfully regained some market share from Upbit in 2024 through aggressive marketing strategies, and now holds a stable share of about 25% of South Korean cryptocurrency trading volume, far exceeding the single digit level in 2023. Bithumb plans to go public in South Korea by the end of 2025 and has selected Samsung Securities as the main underwriter. In 2024, its operating profit will reach 130.8 billion Korean won, and it will significantly increase its marketing budget to drive user growth. Bithumb currently has no international expansion plans and has chosen to focus on the local market.