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Crypto Week Recap: CPI Drops, Institutional Buys & Cybersecurity Risks

  • The crypto world saw Bitcoin and other digital assets maintaining their bullish positions for May, with notable growth in the altcoin market and significant value increase in Moo Deng coin.
  • Institutional Bitcoin adoption reached new heights with Twenty One Capital purchasing 4,812 BTC worth $458.7 million, while Coinbase secured its spot in the S&P 500, replacing Discover Financial Services.
  • SEC Chairman Paul Atkins emphasized the importance of clear guidelines for digital asset tokenization, and the CPI report showing lower-than-expected inflation may influence the Federal Reserve's interest rate decision.
  • Political clashes involved Senator Elizabeth Warren criticizing Trump's crypto ventures, and Europol unveiling a $23 million crypto mafia bank scheme in Europe. Coinbase faced a cyber attack exposing customer data, declining to pay the requested ransom.

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