Bitcoin News Roundup for May 25, 2021

With the number of bitcoin holders shooting to a record high and a look at what a new bitcoin mining council says about sustainability, CoinDesk’s Market Daily is back with the latest news roundup.

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Fed Inflation Comments Buoy Stocks; Dollar Weakens:

China Stocks Jump Most Since July Amid Record Foreign Purchases

Goldman Sachs wins approval for wealth management deal with China’s ICBC

Emerging-Market Bonds Prove Covid Resistant - WSJ

Bitcoin’s True Social Cost Is Impossible to Ignore

Hedge Fund Billionaire Ray Dalio: 'I Have Some Bitcoin'

Fed's Brainard Breaks Down CBDC Policy Considerations

DeFi Is Rising in Chicago

HSBC CEO Says Bank 'Not Into Bitcoin' Due to Concerns Over Volatility: Report

Bitcoin Mining Council 'Isn't the Start of OPEC,' Member Says