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Crypto News Digest by U.Today
Valeria Blokhina
Take a closer look at the latest crypto events with U.Today’s news recap!
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Here are the three main news stories of the past day presented by U.Today.
Robinhood CEO Breaks Silence in SEC Drama
Vlad Tenev, CEO of Robinhood, recently moved to Platform X to comment on the recent Wells Notice received by the company from the SEC. In a short thread, Tenev expressed concern about the harmful impact of a “regulatory onslaught” that American companies and customers have faced over the past three years. According to the CEO, the SEC’s continued attack on cryptocurrencies, along with other recent proposed rules such as those relating to predictive data analytics, represents yet another improper attempt by the administrative state to “stifle innovation.” While Robinhood is striving to maintain positive and productive relationships with regulators, Tenev said, the company will use its resources to contest the matter in court if necessary; This will not only defend Robinhood, but will also help establish regulatory clarity in the United States for the benefit of the company’s customers.
Bitcoin’s New All-Time High Coming Soon: “$1 Million BTC” Backer Samson Mow
In a recent X postSamson Mow, CEO of Jan3 and renowned Bitcoin enthusiast, realized a bullish forecast regarding the price trajectory of the flagship cryptocurrency. According to Mow, Bitcoin will “soon” reach a new all-time high. However, the CEO did not specify when exactly he expects BTC to reach the long-awaited ATH, leaving his followers guessing in the comments section. The reason for Mow’s optimism may lie in Bitcoin’s rebound over the weekend, as the asset managed to grow by more than 10%. Subsequently, on Monday, May 6, the King cryptocurrency reached $65,180, led by the Grayscale spot ETF which saw its first inflow of $63 million on Friday. At the time of writing, Bitcoin is changing hands at $62,079, down 2.86% over the past 24 hours, according to CoinMarketCap.
Shytoshi Kusama, protagonist of Shiba Inu (SHIB), shares an epic and mysterious teaser
The Shiba Inu community has been given new topics for speculation, as project manager Shytoshi Kusama shared a new enigmatic post on its handle X. IL send features a GIF with the word “Evita,” a Spanish variant of the name Eva, meaning “life” or “living.” The same post appeared on the X page of Kaal Dhairya, a key developer in the Shiba Inu ecosystem, igniting the curiosity of SHIB enthusiasts even more. The community’s theories on the meaning of the “Evita” message now range from the possibility of a new partnership to the introduction of a new token alongside SHIB, BONE, LEASH and TREAT. Some believe the teaser may be related to Shibarium’s recent hard fork. Yet, for now, the true meaning behind Kusama’s teaser remains unknown.
About the author
Valeria Blokhina
Valeria is the community manager of U.Today. She is a cryptocurrency enthusiast and believes that cryptocurrency is the future of finance. Valeria currently covers the latest news in the world of cryptocurrencies and blockchain.