🔥 MEXC Weekly Industry Insights (May 12 - May 16)

1️⃣ U.S. spot Bitcoin ETFs recorded a massive net inflow of $343.48M this week. 📈
2️⃣ U.S. spot Ethereum ETFs continued to struggle, with a $19.46M net outflow. 📉
3️⃣ The SEC delayed approval of multiple crypto ETF applications, including BlackRock’s in-kind redemption model, and is now seeking public input.
4️⃣ SoftBank and OpenAI’s $100B AI venture faces funding hurdles, stalling its progress.
5️⃣ South Korea’s Democratic Party formed a Digital Assets Committee ahead of the presidential race, signaling a crypto-friendly pivot.
6️⃣ Coinbase CEO revealed plans for more acquisitions following its potential Deribit deal.
7️⃣ JPMorgan completed its first tokenized U.S. Treasury transaction via a public blockchain.
8️⃣ The Ethereum Foundation launched the “Trillion-Dollar Security Initiative” to bolster full-stack security across the network. 🔐
9️⃣ WLFI passed a proposal to airdrop $1 to holders as a test of on-chain airdrop mechanics.
🔟 FTX will begin distributing $5B+ to creditors as part of its bankruptcy plan starting May 30.

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