Major News Headlines for Today

1. Bitcoin Open Interest Sets New Record High..."High Possibility of Volatility"
The outstanding interest in the Bitcoin(BTC) futures market recorded about $72 billion on May. 20, raising an analysis that the price of Bitcoin could suffer great volatility. Glassnode, an on-chain analysis platform, said that the outstanding interest in the bitcoin futures market increased by about 8% in a week. Outstanding interest refers to the amount that can be used to settle transactions in derivatives markets such as futures or option contracts.

2. US SEC TF Team "Releasing First Report in Next Months"
A task force(TF) team of the U.S. Securities and Exchange Commission(SEC) will release a report containing the SEC's draft guidelines for regulating the cryptocurrency market in the next few months. SEC Chairman Paul Atkins, who attended the SEC hearing on May. 20, explained that the cryptocurrency TF team is currently operating independently and is working to identify the market and present a clear regulatory proposal.

3. Justin Sun Attends 'Trump Token Top Holder Dinner' as Biggest Holder
Founder Justin Suntron will attend an evening dinner with U.S. President Trump against 220 top Trump token(TRUMP) holders as the largest Trump token holder. Justin Sun said on his X account on May. 20 that he will attend an evening dinner at Trump National Golf Course in Washington, DC on May. 22 and participate in the "VIP" tour course as the largest holder of Trump tokens.

4. XRP Futures Overwhelming Ethereum Volume On First Day Of Launch
The trading volume of XRP's futures products, which was released on the Chicago Exchange(CME) on May. 19, reached about $6 million per day, overwhelming the trading volume of Ethereum(ETH) futures products. Ambcryptone, a cryptocurrency media outlet, reported on May. 21 that the possibility of launching the XRP Spot Exchange Fund(ETF) has increased, pointing to the fact that the trading volume of XRP futures has set an impressive debut record.

권승원 기자 ksw@blockstreet.co.kr