Bitcoin is up .5% at $40,404
Ethereum is up 2% at $2,730
and Binance Coin is up 1% at 369.

Internet Computer up 65%
Cardano up 41%
Dogecoin up 40%

$460B of value liquidated in the crypto markets—institutions buying.

A costly mistake for BlockFi.

OCC, FED, FDIC to create interagency tem for crypto regulation

Instagram is hosting a professional development panel for NFT artists

Links:

• OCC, Federal Reserve and FDIC are committed to collaborating on crypto
• Instagram First Creator Week Events Scheduled for June - Variety
• BlockFi is scrambling to recover millions in BTC it mistakenly sent to users
• Crypto Market Loses $460B as Ether, Altcoins Follow Bitcoin’s Deep Dive - CoinDesk

Bitcoin is up 10% at 5,624
Ethereum is up 10% at $124
and XRP is up 6% at 15 cents

Top gainers in the last 24 hours:
Steem Token up 151%
Dash up 29%
and Zcash up 18%

The Steem token saw a huge lift in price with Binance and Huobi vouching to support the Steem blockchain hard fork.

The S&P500 VIX (fear index) closed at all-time highs this week.

The FDIC has approved the deposit insurance application for Square.

Hawaii has announced a regulatory sandbox for digital currency issuers.

Links:

• Binance, Huobi to support Steem's hard fork into Hive; the steem token is up by 180% - The Block
• The S&P500 "Fear Index" closed at all time highs this week as volatility across assets remain near historic highs - The Block
• Square's new industrial loan company receives approvals ahead of planned 2021 launch - The Block
• Hawaii is establishing a regulatory sandbox for digital currency issuers - The Block