2024-05-29

Author

Fernando Fierro
May 29, 2024

Howdy folks,

šŸ‡¦šŸ‡·šŸ¤ Argentina is looking to El Salvador for guidance on Bitcoin adoption.

Argentinian authorities recently met with El Salvadorā€™s National Commission of Digital Assets to learn from their pioneering experience. With Argentina facing economic challenges, this collaboration could pave the way for national cryptocurrency use, potentially addressing social issues and boosting economic stability.

In other news:

šŸ“ˆšŸ† Blackrockā€™s iShares Bitcoin Trust (IBIT) has surpassed Grayscaleā€™s GBTC to become the worldā€™s largest Bitcoin fund. On May 28, IBIT recorded $102.5 million in inflows, while GBTC saw significant outflows.

This shift highlights growing investor confidence in IBIT as BTC trades above $67K.

šŸ’¼šŸ’° Donald Trumpā€™s crypto portfolio has soared past $10 million, primarily due to his investment in meme coins like MAGA. His newfound support for crypto marks a sharp turn from his previous stance.

Trumpā€™s bullish outlook could influence future blockchain regulation and adoption in the U.S.

šŸ¢šŸ” Hong Kongā€™s Securities and Futures Commission (SFC) is stepping up its scrutiny of crypto firms ahead of a key registration deadline.

The SFC has reminded virtual asset trading platforms to prepare for physical inspections and comply with pre-licensing conditions to continue operating legally.

DailyCoin Daily Meme

Solana EFT Incoming? SEC Unlikely to Approve, Says JPMorgan

JPMorgan casts doubt on the SEC's approval of Solana and other crypto ETFs following the approval of spot Ethereum ETFs, citing the need for new legislation.

Iggy Azalea, Caitlyn Jenner, and Solana?! Hereā€™s Whatā€™s Up

Iggy Azalea joins Solana-crypto conversation as Caitlyn Jenner crypto token frenzy continues. Read more on DailyCoin.

Stacy Herbert Debunks Rumors of Argentina Mirroring El Salvador's Bitcoin Adoption After Talks

Stacy Herbert dismisses hype around Argentina mirroring El Salvador's Bitcoin adoption after officials' meeting, contradicting their statements.

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