May has seen an upward impulse in the cryptographic markets while Bitcoin (BTC) has reached a new record greater than $ 111,000 and Coinbase joined the S&P 500.
The markets could push a sigh of relief when, on May 12, American president Donald Trump concluded a trade agreement with China, putting a 90 -day hold on prices that had markets in a fall. The news saw the BTC price reaching $ 105,000, a three -month summit, before traveling $ 102,000.
Politically, five American states have promulgated new Bitcoin laws. Texas has created the long -awaited state bitcoin reserve. In Alabama, an effort to exempt the crypto from certain forms of taxation has been indefinitely reported.
Openai seeks to move to the United States and set up orb stations that sweep away in six cities in five American states. This decision follows legal actions against the world in 12 countries.
Here is May by figures:
Five states adopt laws related to crypto in May, Texas adopts Bitcoin Reserve Bill
In the United States, cryptocurrency legislation is forward on several fronts, with five states adopting or promoting bills linked to cryptocurrency.
In Texas, the State has adopted a bill which establishes a Bitcoin (BTC) reserve of the State. The New Hampshire made a similar decision, allowing the treasurer of the State to invest in public funds containing precious metals and digital assets like Bitcoin with the passage of HB302.
In Arizona, Bitcoin and Digital Assets Reserve Fund newly formed will hold un requained digital assets. The state of Arizona can now claim ownership of abandoned digital assets if the owner does not respond to contact attempts for three years. The state can also pay the fund’s assets to win Airdrops and awards.
In Nebraska, public public power services now have a certain authority over Bitcoin minors. LB526, which passed during the final reading on May 14, allows them to demand bitcoin minors using 1 megawatt or more to cover the cost of infrastructure upgrades. It also introduces a license regime and declaration requirements for energy consumption.
Oregon has included crypto in its uniform commercial code.
Coinbase accumulates 19.37% in May, joined S&P 500
The Crypto Coinbase Crypto action course increased 19.37% during the month, despite the disclosure of a security incident of $ 400 million on May 15.
Despite the attractive sum of the attack, which would have launched an investigation by the United States Ministry of Justice, the share price closed on May 29 at $ 248.84.
In addition, the Crypto Company has become the first to be included in the S&P 500 reference index, which the cryptographic industry praised as a new summit for the adoption of cryptography and industry growth.
Not everyone is happy. The concerns about the security and overall volatility of the stock market have left certain observers to doubt the inclusion of the exchange in the renowned index. “All I can tell you is that it’s not good,” said Ed Elson, a commentator on business and the economy.
In relation: Coinbase in S&P 500: more cryptographic companies to come?
The main indexes rebound after the 90-day-old price agreement
On May 12, the Trump administration announced that it had concluded an agreement with China to suspend prices for 90 days, the S&P 500 and the NASDAQ seeing nominal gains of 4.5% and 3%, respectively, one day after the news. Bitcoin also increased by 2%.
According to an analysis of the market by Cintelelegraph, Bitcoin failed to break expectations in the days that have followed, because macroeconomic conditions favored stocks to investments such as Bitcoin or Gold, the latter dropped by 3.4% on May 12.
Before the opening of the trading on May 30, the NASDAQ-100 index increased by 9.16% for the month, while the S&P 500 climbed 6.16%.
Bitcoin “Pizza Day” sees the Amazon market capitalization at 2.2 billions of dollars, BTC ATH
On May 22, “Bitcoin Pizza Day”, the Bitcoin market capitalization crossed 2.2 billions of dollars, exceeding the market capitalization of the Amazon electronic commerce giant.
The Pizza Day, which marks Bitcoin Og Laszlo Hanyecz 10,000 BTC pizza purchases in 2010 (worth $ 41 at the time), also saw Bitcoin Price reach a new summit of all time at just over $ 109,000. Bitcoin broke the record a few days later by reaching $ 111,970.
At the end of the month, the Bitcoin rally was cooled while the request for the assets slowed down, with funds negotiated in exchange for Bitcoin by slamming an entry sequence of 10 days and recording $ 347 million in net outputs on May 29.
OPENAI moves the world project to us after the implementing measures in 12 countries
On April 30, the CEO of Openai, Sam Altman, announced that the digital identity project of his company, World, would have been set up in the United States.
The regulators of 12 different countries have taken a form of legal proceedings against the world, with indicated reasons ranging from confidentiality and data protection (Kenya) to concerns concerning a possible economic manipulation through its token (Brazil). In Hong Kong, the project is prohibited.
In relation: The alarm ringtones sound in the United States on the world of the Crypto project of Openai
World responded to confidentiality problems by declaring that it does not contain any identification information attached to the single eye analysis recorded on its Orb devices. He also indicates that he does not control or does not have this information, but that users have and control this information in the form of their global identifier.
Review: Adam Back says that the Bitcoin price cycle “10x larger”, but will still exceed $ 100,000
