The latest developments in the bitcoin, blockchain, and crypto news cycle revolve around the highly anticipated Consensus 2024 conference and the upcoming US elections. Here are the key highlights:

Consensus 2024

The annual Consensus conference, one of the biggest events in the crypto industry, is taking place this week with over 600 speakers and 300 sessions. Some notable updates:

• The New York Stock Exchange (NYSE) is considering offering crypto trading if the regulatory landscape becomes clearer, according to NYSE President Lynn Martin.
• A $250,000 hackathon is being held at Consensus 2024 to incentivize developers to build on blockchain technology.
• Women are taking center stage at Consensus 2024, redefining leadership roles in the Web3 and AI spaces which have traditionally been male-dominated.

Regulatory Developments

• The US Securities and Exchange Commission (SEC) has approved the listing of spot Ether Exchange-Traded Funds (ETFs) in a major regulatory milestone, though trading has not commenced yet.
• The proposed Financial Innovation and Technology (FIT21) Act aims to establish a clear federal regulatory framework for crypto markets in the US.

Bitcoin Cycle Analysis

• Bitcoin’s recent price decline mirrors typical cyclical trends from previous market cycles, suggesting a potential deeper drawdown may be on the horizon.
• Crypto Finance’s proprietary Bitcoin Cycle Indicator, which tracks user adoption metrics, indicates the market may be approaching the peak of the current cycle.

US Elections and Crypto

• With the 2024 US presidential elections approaching, the crypto industry’s influence on campaigns and the candidates’ stances on crypto policy are gaining prominence.
• Former President Donald Trump has accused President Joe Biden of trying to stifle the growth of bitcoin and crypto.

In summary, the crypto news cycle is currently dominated by the Consensus 2024 event, regulatory developments around ETFs and potential legislation, analysis of bitcoin’s market cycles, and the increasing intersection of crypto policy with the upcoming US elections.

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