π¬π§ UKβs FCA Eyes Retail Crypto ETP Access
The UKβs Financial Conduct Authority is proposing to lift its ban on retail investors buying crypto-linked exchange-traded notes (ETNs). Currently limited to professionals, this move aims to spur competition, improve liquidity, and align the UK with other European marketsβthough industry experts warn it may still lag behind leaders like the US and Germany. Β
π Bitcoin Pulls Back to $107.7K Amid Market Maturity
Bitcoin dropped 1.6% to around $107,736 after hitting $110,332, with ETH, XRP, and Solana also losing ~1β4%. Analysts suggest the market is stabilizingβvolatility is declining as institutional adoption grows and macro factors like inflation come into play. Β
π Crypto Market Soars 10% in May as BTC Nears $112K
Binance Research reports a 10.3% gain overall in May across the global crypto market, driven by Bitcoinβs surge toward $112K. Altcoins, NFTs, and ETFs all contributed. Growing corporate treasury engagement signals rising institutional confidence. Β
π° βCrypto Brosβ Torture Mansion Raided in Kentucky
U.S. law enforcement raided a $1β―million Kentucky mansion tied to two crypto influencers accused of kidnapping and torturing a victim for access to a $28M wallet. The incident, dubbed a crypto-era crime saga, highlights the dark side of high-profile blockchain wealth.
