Crypto Update | Markets Tense as Janet Yellen Teases Disaster

As Bitcoin slumps and monetary policymakers present a baffling binary choice, CoinDesk’s “Markets Daily” is back with the latest news roundup. Today's Stories:  US X-Date Is Now June 5 As Treasury Burns $52BN Cash In One Day, Only $87BN Left Fleeing U.S. Crypto Firms ‘Welcome,’ French Regulator Says Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong China's Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes Coinbase Hasn't Proven SEC Needs to Create Crypto-Specific Rules, Regulator Says Policy SEC Can't Seal Docs Tied to Hinman's Ether Speech, Judge in Ripple Suit Rules https://twitter.com/MetaLawMan/status/1658300159212634115 Ledger Bats Back Criticism of New Wallet Recovery Service Market Watch Links:  BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch  Bitcoin Slides Below $27K as Investors Eye Debt Ceiling Negotiations Bitcoin's Realized Price on Cusp of Flashing Major Bullish Signal Bitcoin-Ether Correlation Weakest Since 2021, Hints at Regime Change in Crypto Market Dogecoin's Daily Transaction Reached Lifetime Highs After ‘DRC-20’ Tokens Introduced Axie Infinity's Token Jumps 12% After Firm Lists Game on Apple App Store This episode was edited by Ryan Huntington, and read by Senior Producer Michele Musso. All original music by Doc Blust and Colin Mealey.