Major News Headlines for Today

1. SEC Chairperson "Building Regulatory Bill Prior to Enforcement of Regulations"
Paul Atkins, chairman of the U.S. Securities and Exchange Commission(SEC), emphasized the establishment of a clear regulatory bill as the top priority for regulating the cryptocurrency market at the SEC roundtable meeting held on May. 12. He explained that the SEC in the past has hindered the development of the market by enforcing regulations without clear principles and will reverse these practices. Atkins said that for regulating the cryptocurrency market, a clear regulatory framework will be established by dividing it into ▲classification of cryptocurrency by nature ▲application of regulations to cryptocurrency brokers and dealers.

2. Dubai To Accept Crypto In Government Payments Services In Partnership With Crypto.Com
The Dubai government said it will accept cryptocurrency as a means of payment for government services through a partnership with global cryptocurrency exchange CryptoCom. Dubai's Ministry of Finance said in an official statement on May. 13 that it has signed a memorandum of understanding(MoU) with CryptoCom to accept cryptocurrency in the payment of government services for Dubai people.

3. Bitcoin Failed to Break New Record Due to Liquidation of $700 Million
Bitcoin(BTC) failed to break its record on the 13th due to a large-scale liquidation of the futures market. According to data from the on-chain analysis platform CoinGlass on May. 13, the liquidation amount incurred in the bitcoin futures market totaled about 700 million dollars. Bitcoin, which was expected to rise sharply due to tariff negotiations between the U.S. and China on May. 12, fell to about 101,000 dollars due to massive liquidation of the futures market.

4. Michael Saylor Purchases 13,390 Bitcoin Amid Surge
Michael Saylor, founder of Strategy, revealed that he bought additional Bitcoin in May, when Bitcoin soared. Saylor said on his X account on May. 12 that Strategy spent about $1.34 billion in May to purchase about 13,390 additional Bitcoin.

5. XRP Overtakes Cap Transitory Tether On Surging Volume
XRP's market capitalization temporarily surpassed Tether(USDT) on May. 12. BeInCrypto, a media outlet specializing in cryptocurrency, reported on May. 12 that XRP's trading volume surged by more than 100% per day and XRP's market capitalization increased by about $16.6 billion, beating Tether to third place in the market capitalization ranking.

6. Ethereum Increases Network Active Users By 30%
The number of active wallets in the Ethereum network surged by about 30% this week, raising the price of Ethereum(ETH). Cryptocurrency expert Leon Wideman explained on his X account on May. 13 that the number of active wallets on the Ethereum network surged by about 30% this week, especially with the Ethereum Layer 2 network "Base" securing about 7.6 million users. CoinCentral, a cryptocurrency media outlet, reported on the 13th that the reason for the recent surge in Ethereum's price was due to the activation of the Ethereum network.

권승원 기자 ksw@blockstreet.co.kr