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HTX data monitoring shows that BTC has broken through 80,000 USDT, currently reported at 80,003.91 USDT, with a 24H decline of 0.32%.

【BTC breaks through 80000 USDT】HTX data monitoring shows that BTC has broken through 80,000 USDT, currently reported at 80,003.91 USDT, with a 24H decline of 0.32%.

BTC breaks through 80000 USDT

On May 14, CME Group announced plans to launch Nasdaq CME CryptoIndex futures on June 8, pending regulatory review. This product will be its first market capitalization-weighted futures contract, available in both micro and standard sizes. The contracts will be cash-settled and will track the Nasdaq CME Crypto settlement price index, which comprises Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and Lumens.

[CME Group Plans to Launch Nasdaq Crypto Index Futures on June 8]On May 14, CME Group announced plans to launch Nasdaq CME CryptoIndex futures on June 8, pending regulatory review. This product will be its first market capitalization-weighted futures contract, available in both micro and standard sizes. The contracts will be cash-settled and will track the Nasdaq CME Crypto settlement price index, which comprises Bitcoin, Ethereum, SOL, XRP, ADA, LINK, and Lumens.

CME Group Plans to Launch Nasdaq Crypto Index Futures on June 8

On May 14, according to a press release, Canaan Technology, a Bitcoin mining company listed on the US stock market, announced its Bitcoin mining operational update. In April, the company produced 90 Bitcoins through its self-operated mining business and received an additional 3 payments in Bitcoin from customers. The joint operation business produced approximately 48 Bitcoins during the same month, and the cryptocurrency holdings reached a record high of 1,826 Bitcoins and 3,952 Ethereums by the end of April.

[Canaan Technology Produces 90 Bitcoins in April, Crypto Holdings Reach Record 1,826 Bitcoins and 3,952 Ethereums]On May 14, according to a press release, Canaan Technology, a Bitcoin mining company listed on the US stock market, announced its Bitcoin mining operational update. In April, the company produced 90 Bitcoins through its self-operated mining business and received an additional 3 payments in Bitcoin from customers. The joint operation business produced approximately 48 Bitcoins during the same month, and the cryptocurrency holdings reached a record high of 1,826 Bitcoins and 3,952 Ethereums by the end of April.

Canaan Technology Produces 90 Bitcoins in April, Crypto Holdings Reach Record 1,826 Bitcoins and 3,952 Ethereums

On May 14, Bitcoin custody platform Onramp completed a $12.5 million Series A funding round, bringing the company's valuation to $135 million. Onramp focuses on helping large Bitcoin holders diversify their assets across multiple institutions, allowing users to avoid reliance on a single custodian and the need to manage private keys themselves.

[Bitcoin Custody Platform Onramp Secures $12.5 Million in Series A Funding]On May 14, Bitcoin custody platform Onramp completed a $12.5 million Series A funding round, bringing the company's valuation to $135 million. Onramp focuses on helping large Bitcoin holders diversify their assets across multiple institutions, allowing users to avoid reliance on a single custodian and the need to manage private keys themselves.

Bitcoin Custody Platform Onramp Secures $12.5 Million in Series A Funding

On May 14, crypto wallet infrastructure Turnkey completed a strategic financing round of $12.5 million, bringing its total funding to over $65 million. Major investors include Archetype, Circle Ventures, and Sequoia Capital. The new funds will primarily be used for the development and launch of Turnkey Verifiable Cloud, a digital asset security computing product.

[Turnkey Completes $12.5 Million Strategic Financing for Crypto Wallet Infrastructure]On May 14, crypto wallet infrastructure Turnkey completed a strategic financing round of $12.5 million, bringing its total funding to over $65 million. Major investors include Archetype, Circle Ventures, and Sequoia Capital. The new funds will primarily be used for the development and launch of Turnkey Verifiable Cloud, a digital asset security computing product.

Turnkey Completes $12.5 Million Strategic Financing for Crypto Wallet Infrastructure

On May 14, the number of initial jobless claims in the U.S. for the week ending May 9 was recorded at 211,000, marking the highest level since the week of April 18, and surpassing market expectations of 205,000. The previous figure was revised from 200,000 to 199,000.

[U.S. Initial Jobless Claims Exceed Expectations at 211,000]On May 14, the number of initial jobless claims in the U.S. for the week ending May 9 was recorded at 211,000, marking the highest level since the week of April 18, and surpassing market expectations of 205,000. The previous figure was revised from 200,000 to 199,000.

U.S. Initial Jobless Claims Exceed Expectations at 211,000

On May 14, stablecoin-driven digital bank Fasset announced the completion of $51 million in Series B financing, with investors including Japan's SBI Group, Investcorp, and Turkish asset management company Arz Portföy. The valuation for this round has not been disclosed. Fasset utilizes stablecoin technology to cover over 50 payment channels across Asia, Africa, and the Middle East, serving more than 1,000 SMEs in 125 countries, with an annual transaction volume exceeding $32 billion. The company plans to use the funds from this round to expand into new markets, develop loan and trade financing products, and enhance its proprietary stablecoin payment and custody infrastructure, 'Own Network.' Additionally, Fasset has recently partnered with Tether, the issuer of USDT, to launch a gold-backed digital debit card.

[Fasset Completes $51 Million Series B Financing]On May 14, stablecoin-driven digital bank Fasset announced the completion of $51 million in Series B financing, with investors including Japan's SBI Group, Investcorp, and Turkish asset management company Arz Portföy. The valuation for this round has not been disclosed. Fasset utilizes stablecoin technology to cover over 50 payment channels across Asia, Africa, and the Middle East, serving more than 1,000 SMEs in 125 countries, with an annual transaction volume exceeding $32 billion. The company plans to use the funds from this round to expand into new markets, develop loan and trade financing products, and enhance its proprietary stablecoin payment and custody infrastructure, 'Own Network.' Additionally, Fasset has recently partnered with Tether, the issuer of USDT, to launch a gold-backed digital debit card.

Fasset Completes $51 Million Series B Financing

On May 14, Turnkey, a company specializing in cryptocurrency wallet and key management infrastructure, announced the completion of a $12.5 million strategic financing round. Investors include Circle Ventures, Sequoia Capital, Archetype, as well as existing investors Bain Capital Crypto, Galaxy Ventures, Lightspeed Faction, and Variant.

[Turnkey Completes $12.5 Million Strategic Financing]On May 14, Turnkey, a company specializing in cryptocurrency wallet and key management infrastructure, announced the completion of a $12.5 million strategic financing round. Investors include Circle Ventures, Sequoia Capital, Archetype, as well as existing investors Bain Capital Crypto, Galaxy Ventures, Lightspeed Faction, and Variant.

Turnkey Completes $12.5 Million Strategic Financing

On May 14, 20 FTX victims from five countries or regions filed a lawsuit against Silicon Valley law firm Fenwick & West LLP in the U.S. District Court for the District of Columbia, seeking over $525 million in damages. They accuse the firm of assisting in covering up FTX's fraudulent activities and helping the exchange maintain a 'legitimate appearance.' The lawsuit claims that Fenwick not only provided legal services but also assisted in designing corporate structures and operational arrangements that allowed client funds to be misappropriated while reducing the risk of external regulation and scrutiny. The plaintiffs have raised seven charges, including legal malpractice, fraud, and gross negligence, and are seeking compensation for their losses, as well as the return of all legal fees received by Fenwick from FTX, along with punitive damages against the relevant partners.

[FTX Victims Sue Silicon Valley Law Firm Fenwick & West for $525 Million]On May 14, 20 FTX victims from five countries or regions filed a lawsuit against Silicon Valley law firm Fenwick & West LLP in the U.S. District Court for the District of Columbia, seeking over $525 million in damages. They accuse the firm of assisting in covering up FTX's fraudulent activities and helping the exchange maintain a 'legitimate appearance.' The lawsuit claims that Fenwick not only provided legal services but also assisted in designing corporate structures and operational arrangements that allowed client funds to be misappropriated while reducing the risk of external regulation and scrutiny. The plaintiffs have raised seven charges, including legal malpractice, fraud, and gross negligence, and are seeking compensation for their losses, as well as the return of all legal fees received by Fenwick from FTX, along with punitive damages against the relevant partners.

FTX Victims Sue Silicon Valley Law Firm Fenwick & West for $525 Million

According to CNBC, former U.S. Treasury Secretary Steven Mnuchin thinks the correction in the equity markets has turned into a positive, especially for tech companies that “had gotten to craziness” and now present some good opportunities. But one overvalued tech bet he never liked was bankrupt crypto trading firm FTX, which collapsed spectacularly from a $32 billion valuation to a bankruptcy filing and criminal investigations amid allegations of misuse of customer assets.
“We looked at investment twice, and passed both times,” Mnuchin said at the CNBC Technology Executive Council Summit in New York on Tuesday.
Mnuchin, who has managed private equity investments since leaving the Trump administration, stressed that his decision was unrelated to current allegations that FTX misused customer funds, which he described as “concerning” but said he first learned about in the press. “There’s lots that needs to be understood and I am just watching outside now. I did not expect it would unwind nearly as quickly, and if indeed customer funds were misused those are very serious issues,” he said.

Detail

【Passed on investing in FTX, twice, says former Treasury Secretary Steve Mnuchin】According to CNBC, former U.S. Treasury Secretary Steven Mnuchin thinks the correction in the equity markets has turned into a positive, especially for tech companies that “had gotten to craziness” and now present some good opportunities. But one overvalued tech bet he never liked was bankrupt crypto trading firm FTX, which collapsed spectacularly from a $32 billion valuation to a bankruptcy filing and criminal investigations amid allegations of misuse of customer assets.
“We looked at investment twice, and passed both times,” Mnuchin said at the CNBC Technology Executive Council Summit in New York on Tuesday.
Mnuchin, who has managed private equity investments since leaving the Trump administration, stressed that his decision was unrelated to current allegations that FTX misused customer funds, which he described as “concerning” but said he first learned about in the press. “There’s lots that needs to be understood and I am just watching outside now. I did not expect it would unwind nearly as quickly, and if indeed customer funds were misused those are very serious issues,” he said.

Passed on investing in FTX, twice, says former Treasury Secretary Steve Mnuchin

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Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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