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.