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Weekly Recap Research

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European Commission Opens MiCA Review, Major Crypto Rule Review Amid Rapidly Shifting Global Regulation Competition

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The European Commission has launched a formal hearing process to assess whether MiCA, Europe's core crypto legal framework, remains suitable for the rapidly changing digital asset market, with public and stakeholder input open until August 31, 2019.

This review covers the key issues of MiCA in terms of token issuance, regulation of ART and EMT stablecoins, as well as digital asset service providers (CASPs) through two channels: listening to public opinion and specialized discussions for companies, financial institutions and regulators, with key factors coming from changes in the asset market. Rapidly evolving digital and global regulatory landscape, especially in the US and Asia, which are starting to push their own crypto laws more and more.

The process also comes at the same time as the July 2022 deadline for crypto companies in Europe to transition from a temporary system to full licensing under MiCA. Katie Harries, policy director at Coinbase Europe, stated that MiCA was considered one of the industry's key standards from the start, and this regulatory update should be a spot fix for Europe to maintain its ability to Competitiveness and market strength in the long term

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Analysts suggest Bitcoin could come back stronger than stocks, bonds and gold

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Bitcoin recently ended its longest period of underperformance against the S&P 500 index, which lasted 142 days in early May 2022 and again began to outperform major assets such as stocks, bonds and gold, reflecting the return of interest in digital assets amid the economic downturn. Pressure from inflation and high interest rates.

Mark Connors, former head of global portfolio at Credit Suisse and CIO of Risk Dimensions, said Bitcoin's underperformance streak is over and the market is entering a new round of outperforming, driven by prolonged inflation, high oil prices and “higher-for-longer” interest policies that are also putting pressure on stocks and bonds. The card, meanwhile, is beginning to see more of some capital migration from gold to bitcoin, as well as the role of AI and blockchain technologies that are seen as factors in boosting productivity and supporting the economy in the next phase, with recent bitcoin prices moving. Around $74,800

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Top Net flows

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During the period of May 18 to 24, 2022, the 7-day capital flow data reflected the rapid turnover in the market, with Hyperliquid taking the top spot with inflows above $250 million, while Base was followed by around $50 million. Arbitrum, on the other hand, was the network with the most capital outflows of about $200 million, and Ethereum was funded by Ethereum. The outflow is about $50 million. Other networks have changed quite a bit. The move reflects that investors are choosing to move their funds to platforms with more opportunities to generate returns and interest flows during a period when the market is still highly volatile.

One of the key factors of the week was the launch of a futures contract for SpaceX shares ahead of its May 18 listing on Hyperliquid, which helped generate significant investor interest and attract more bullion to the platform. Meanwhile, the overall crypto market also faced pressure from geopolitical factors, sending Bitcoin tumbling below $77,000. The crypto fund, and crypto funds have a combined outflow of more than $1 billion. The condition has caused some funds to flow out of Ethereum and Arbitrum to platforms that are seen as more likely to grow and create a new narrative more clearly.

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Fear & Greed Index

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The Crypto Fear & Greed Index is one of the tools used to assess the outlook and sentiment of the crypto market, referring to scores ranging from 0 to 100 (0 stands for Extreme Fear or Extreme Fear and 100 stands for Extreme Greed).

The Fear & Greed index of the crypto market has been in the Fear zone throughout the week, hovering around 23 points and hovering in the range of 24—29 points. While Bitcoin's price fluctuates between $74,000 and $78,000 and can reach a high near $78,000 in the middle of the week, reflecting that the market is still speculative and strong. BUY BACK PERIODICALLY, EVEN THOUGH THE SENTIMENT OVERALL ISN'T FULLY HEALTHY.

Despite the fact that digital asset prices are beginning to show signs of recovery, investor concerns remain high, with the main pressure also coming from prolonged geopolitical tensions, as well as macroeconomic data reflecting the risk of a slowdown, resulting in the index not yet clearly returning to the neutral zone, thus reflecting that the market is still in the neutral zone. Caution, and most investors also choose to wait for more positive factors or clear confirmation signals before resuming their investment weight in the crypto market.

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Bitcoin ETF Flow

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Capital flows in Bitcoin ETFs experienced continuous outflows throughout May 18—22. On May 18, there was a net outflow of up to $648.6 million, followed by May 19, with an additional $331.1 million in cash outflows and continued sales force during May 20—22, totaling over $276 million. Given that in a matter of days, the market had accumulated almost $1,250 million in cash outflows, especially large funds like BlackRock that faced the most outflows in that round.

The outflow comes amid fluctuating Bitcoin prices in the $74,000—$78,000 range, as well as prolonged geopolitical tensions, prompting institutional investors to take risks and risk withdrawals, while the Fear & Greed index continues to move near a 23-point low. Throughout the week, it reflected an investment atmosphere that was still fraught with caution and suggested that the market was still in the waiting period for new positive factors to regain confidence.

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Ethereum ETF Flow

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The Ethereum ETF has had continuous outflows throughout the week, with an outflow of $86.4 million on May 18, $62.3 million on May 19, $62.3 million on May 20, $28.1 million on May 21, $32.6 million, and on May 22, $6.6 million, resulting in a cumulative outflow of nearly $216 million by Black's funds. Rock is the group that faces the most outflows at various times of the week.

The outflow comes amid a 23-point market fear and greed index, reflecting a heightened level of investor caution. Meanwhile, Bitcoin's price is fluctuating in the $74,000 to $78,000 range and geopolitical tensions continue to linger, prompting institutional investors to choose to downplay their risks. Donate some of the capital out of the Ethereum ETF to await the clarity of market factors before re-entering.

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Important news:

Bitwise points out HYPE is a Gen 2 token that the market may still undervalue.

Tom Lee points out tech IPO wave is not a negative sign for S&P 500

Altcoin Rally Next Round? Hyperliquid—AI Token Spotted as Market Lead

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Source:

https://www.fool.com/investing/2026/05/23/hyperliquid-is-offering-pre-ipo-trading-for-spacex/

https://cryptorank.io/news/feed/b4188-wall-street-turns-cautious-as-bitcoin-etf-outflows-accelerate

https://coinfomania.com/bitcoin-kurs-after-1-26b-etf-outflows-what-comes-next/

Note: This analysis is provided every Monday, so some articles may have data discrepancies.

Nota: Questo analisi è situato ogni monday, quindi alcuni parti del articolo possono contengono informazioni inaccurati

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WARNING: CRYPTOCURRENCIES AND DIGITAL TOKENS ARE HIGHLY RISKY. YOU MAY LOSE YOUR ENTIRE INVESTMENT. PLEASE STUDY AND INVEST ACCORDING TO THE ACCEPTABLE LEVEL OF RISK.

Thank you for following.

J.P. Daniel