Major News Headlines for Today

1. Bitcoin Hits New Report In 4 Months...Recording $109,000
Bitcoin(BTC) surpassed $109,000 on May. 22 amid a drop in U.S. stock prices and U.S. bond prices, breaking the new high in January. Bitcoin recorded $109,767 at 1:50 a.m. on May. 22 on the rise of spot buying and net inflow of Bitcoin Spot Exchange Traded Fund(ETF) in the U.S. With Bitcoin's new record, its market capitalization reached $2.158 trillion, ranking fifth behind Amazon and Google in the global asset ranking.

2. U.S. Texas Passes House Of Representatives Bill To Stock Up On Bitcoin
The state's bitcoin stockpile bill 'SB21' passed the Texas House of Representatives on May. 21, leaving a step to take effect. SB21 passed the Senate in March and passed the House of Representatives by a vote of 101 to 42 on Tuesday. SB21 will take effect when Gov. Grett Abbott signs it. Governor Abbott can sign or veto SB21 within 20 days.

3. U.S. Bitcoin Spot ETF Hits Net Inflow Of $996.6 Million In Two Days
Bitcoin spot exchange-traded fund(ETF) in the U.S. reached about $996.6 million in two days. According to data from financial data platform Faside Investor on May. 22, it recorded a net inflow of about $1 billion in just two days on the 20th and 21st.

4. Hong Kong Government Passes Stablecoin Bill
The Hong Kong Financial Supervisory Service passed a stable coin regulation bill on May. 21 as part of strengthening a clear regulatory system for the cryptocurrency market in Hong Kong. The stable coin regulation bill passed in Hong Kong contains a provision that requires the authorization of the Hong Kong Financial Supervisory Service for stable coin issuers linked to the Hong Kong dollar.

권승원 기자 ksw@blockstreet.co.kr