Crypto Chronicles:Bullish News

1-Peirce claims that tokenization might "substantially change" finance, and the SEC releases the contents of the tokenization roundtable.

The Securities and Exchange Commission (SEC) has issued a statement stating that the event, which is titled "Tokenization — Moving Assets Onchain: Where TradFi and DeFi Meet," will take place at the agency's offices in Washington, District of Columbia, from 1 p.m. to 5:30 p.m. the event will also be broadcast live.

BlackRock, Fidelity, Nasdaq, and Robinhood are just some of the companies that will be participating in the roundtable discussion, which will be led by Commissioner Hester Peirce.

The development of capital markets via the usage of tokenized assets and regulatory issues for their future use are among the topics that will be discussed.

According to what Peirce mentioned in the release, "Tokenization is a technological development that has the potential to significantly change many aspects of our financial markets."

"Capital Markets 2.0," which will be chaired by Jeff Dinwoodie of Cravath, and "The Future of Tokenization," which will be conducted by Tiffany Smith of WilmerHale, are the two sessions that will be included on the schedule.

Legal experts, executives from cryptocurrency firms, and asset managers will address the ways in which blockchain technology may be integrated with conventional finance under the frameworks now in place by the SEC.

A new date has been set by the Securities and Exchange Commission (SEC) for the scheduled roundtable discussion on decentralized finance. When it was initially scheduled to take place on June 6, the conversation titled "DeFi and the American Spirit" will now take place on June 9. Registrations made in the past are still valid.

In the midst of greater interaction between authorities and the cryptocurrency sector, roundtable discussions have taken place.

Over the course of a separate meeting, the tokenization platform Ondo Finance submitted its proposal to the Crypto Asset Working Group of the Securities and Exchange Commission (SEC). The proposal outlined a legal framework for tokenized U.S. securities and requested relief mechanisms to foster innovation.

2-Strategy expands its Bitcoin war fund, Nexo enters the United States, and the former CEO of Celsius faces a 20-year sentence

With an average price of $92,737 per Bitcoin, the business, which was once known as MicroStrategy, spent more than $1.42 billion for 15,355 Bitcoins. The total amount of Bitcoin that Strategy own is 553,555 BTC, which is around 2.5% of the entire supply.

During an earnings call that took place on May 1, Strategy executive chair Michael Saylor disregarded worries over the volatility of Bitcoin and hailed the fact that more than seventy public firms are participating in the so-called "digital gold rush for digital assets."

Following an earlier projection of 601,029 BTC, it is anticipated that Strategy will conclude the year 2025 with 691,249 BTC. Even though it is a dangerous gamble, experts continue to be enthusiastic.

3-Short sellers of XRP are still in charge; will there be a fall below $2.05 next?

According to the data provided by Coinglass, the long/short ratio for Ripple XRP is 0.9205, which indicates that a greater number of traders are now betting on a decrease than a gain. The fact that this ratio has been below 1 for over two weeks is evidence that negative sentiment has seized control of the situation.

The number of derivatives transactions increased by 35% to $3.28 billion, despite the fact that open interest has decreased by 1.92%. This indicates that traders are still active, but the majority of them have short positions and are anticipating a move downward.

XRP is now trading at $2.14, which is barely over a significant support level of $2.05. This is a technical development. The possibility of more severe short-term decreases exists in the event that that level is violated. With a value of 47, the relative strength index is now in a neutral state but is gradually decreasing. Because it has not yet reached its maximum level of sales, there is still opportunity for a further decrease.

References

https://crypto.news/sec-announces-tokenization-roundtable-details-as-peirce-says-it-could-substantially-change-finance/

https://crypto.news/strategy-bitcoin-war-chest-nexo-celsius-weekly-recap/

https://crypto.news/xrp-short-sellers-still-in-control-is-a-breakdown-below-2-05-next/