A German arm of Worldcoin, a controversial blockchain digital identity business founded by Sam Altman, has taken legal action against a suspension order from Spain's data protection authority. The order instructed Worldcoin to temporarily halt its eyeball-scanning business and processing of data already collected from people in the market. Worldcoin is disputing the order, stating that its business is fully compliant with all EU laws relating to biometrics, data transfer, data processing and data protection. Meanwhile, Worldcoin is also facing concerns over its compliance with the EU's General Data Protection Regulation, with the BayLDA investigating whether the company complies with the GDPR.
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Worldcoin's Biometric Scanning Business Challenged Over Compliance with EU Data Protection Regulations
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An address mistakenly transferred about $7,000 in BTC to Satoshi Nakamoto’s wallet
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According to official data, within the 7 days ending on May 16th, Circle issued 1.8 billion USDC, redeemed 1.6 billion USDC, and the circulation increased by 200 million. The total circulation of USDC is 33.2 billion US dollars, and the reserve is 33.4 billion US dollars, of which 3.8 billion US dollars are in cash, and Circle Reserve Fund holds 29.6 billion US dollars. -
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$1.2 billion in notional value of BTC options and $930 million in ETH options are set to expire
Greeks.live data shows that on May 17th, 18,000 BTC options with a put/call ratio of 0.63 and a maximum pain point of $63,000 (nominal value of $1.2 billion) will expire. Additionally, 320,000 ETH options with a put/call ratio of 0.28 and a maximum pain point of $3,000 (nominal value of $930 million) will also expire. Greeks.live states that this week, inspired by the meme stock craze in the US, BTC ETFs have seen significant inflows, causing BTC to surge above $65,000. However, the rest of the crypto market remains weak, with trading volume continuing to decline, and the divergence in the options data of BTC and ETH reflects this. Looking at the structure of bulk trades and market trades, the downward trend in IV for major deadlines has ended and entered a consolidation phase, with limited downside potential at present. BTC longs and shorts are relatively balanced, while the weak ETH price has led to a continuous decline in market confidence, with selling calls becoming the absolute main transaction.
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