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The Ascendant - 21st May
By D3LTA Team profile image D3LTA Team
2 min read

The Ascendant - 21st May

🚀 This Week’s Must-Know Crypto Updates!

Focusing on key developments impacting emerging markets and the Global South, here are the top stories you need to know this week 👇


🇪🇺 MiCA Law Officially Rolls Out in Europe
Europe’s MiCA regulation is now in motion, but questions remain about whether the crypto industry is ready to fully comply with its comprehensive new standards.
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đź“‚ Coinbase Faces Backlash After Insider Leak
A major breach involving insider access has led to a leak of user data at Coinbase, sparking concerns about internal security and trust.
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🇳🇿 New Zealand Man Arrested in $265M Crypto Scam
Authorities arrest a Kiwi national for orchestrating one of the country’s largest-ever crypto frauds, involving $265 million.
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🇧🇷 Meliuz Buys 274 BTC, Argentina Wallets Under Threat
Brazil’s Meliuz strengthens its Bitcoin holdings, while Argentine wallets face regulatory pressure, threatening mass extinction in a once-thriving crypto hub.
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🇷🇺 Russia's Central Bank Pushes Tether Out
New central bank guidelines in Russia officially sideline USDT, signaling growing skepticism of unregulated stablecoins in high-risk jurisdictions.
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🇦🇪 Ripple Applauds Dubai's Pro-Crypto Vision
At Dubai’s Fintech Summit, Ripple praised the UAE’s regulatory clarity and forward-thinking approach to crypto innovation.
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🌏 Beijing’s Economic Policy Raises Market Fears
Global markets react nervously to recent Chinese policy shifts, which some fear could lead to a ripple effect in crypto and global asset prices.
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🇸🇬 Singaporean Charged in $263M Crypto Laundering Case
A high-profile case unfolds as Singaporean authorities indict a man involved in a major crypto theft and laundering scheme totaling $263M.
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đź”§ Ethereum Proposal Aims to Simplify Node Operations
A new proposal suggests ways to lower the cost and complexity of running Ethereum nodes—potentially improving decentralization and accessibility.
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🇺🇦 Ukraine Drafts Law for Bitcoin Reserve
Ukraine is reportedly preparing legislation to establish Europe’s first national Bitcoin reserve in collaboration with Binance.
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🇦🇺 Australian Police Seize Hacker’s Bitcoin, Mansion, and Car
Authorities seize luxury assets tied to a crypto hack, reinforcing the growing global crackdown on cybercrime.
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🏦 Metaplanet Buys 1,004 BTC in Massive Treasury Move
Japanese firm Metaplanet makes its second-largest Bitcoin acquisition to date, joining a growing list of corporates going all-in on BTC.
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🇸🇻 El Salvador’s Bitcoin Bet Hits $644M
El Salvador’s sovereign BTC stash grows to $644M amid the ongoing crypto rally—proving the long game might just be paying off.
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🎮 Russian Crypto Game Co-Founder Detained for Fraud
A Russian court orders the detention of a Web3 game project co-founder over fraud allegations, shaking trust in certain gaming initiatives.
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📊 Crypto Market Insights – By Lorenzo

  • Global economic turbulence underscores the need for decentralized alternatives
  • BTC volatility returns as it climbs back above six figures
  • TradFi is buying Bitcoin heavily, but largely ignoring key altcoin infrastructure plays
  • Stablecoins see increased adoption by financial institutions
  • Gaming narrative regains traction across Web3
  • BTC dominance slows down—altcoin narratives gaining traction
  • Strategy and 21 Capital remain the top high-leverage TradFi firms in crypto
  • Market sentiment: cautiously optimistic

🚀 Overall Sentiment:

Despite regulatory shakeups and headline-grabbing fraud cases, crypto continues to assert itself globally—from nation-state Bitcoin moves to corporate treasury strategies. Real use cases, TradFi adoption, and smarter regulation are signaling a maturing market on the edge of its next leap.


📝 Edited by: Shaun (The Cult Sage), Mokeira E. (SheFi_goddess)
🔍 Researched by: Lorenzo
Bringing you crypto insights that matter — curated, distilled, and delivered straight to your feed.
See you next week for more! 🚨

By D3LTA Team profile image D3LTA Team
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