The European Securities and Markets Authority (ESMA) reminded firms to assess investment products offering leverage exposure to cryptocurrencies like Bitcoin and Ether. ESMA warned companies to manage conflicts of interest and comply with intervention measures for contracts for differences (CFDs), including leverage limits and risk warnings.

ESMA, established in 2011, monitors compliance with the EU’s Markets in Crypto Assets (MiCA) framework to protect investors in financial markets. The agency has issued warnings to entities connected to digital assets, such as financial influencers promoting volatile cryptocurrencies.

Kraken, a cryptocurrency exchange, announced the listing of “perpetual futures tracking tokenized versions” of major equity indices and gold-backed ETFs. These products are not available to EU clients at launch but will be accessible to residents of over 110 countries outside the US.

Read more at Cointelegraph.com

1. Bitcoin hits all-time high of $63,000, fueled by increased institutional interest and positive news from major corporations like Tesla and PayPal.

2. Ethereum network upgrade EIP-1559 set for July, expected to reduce transaction fees and make the cryptocurrency more deflationary.

3. Dogecoin price surges after Elon Musk tweets support for the meme-inspired cryptocurrency, reaching a market cap of over $50 billion.

4. NFT market sees explosive growth, with sales volume reaching $2 billion in the first quarter of 2021, driven by digital art and collectibles.: Entities Offering Crypto Derivatives Likely Fall under Specific Rules: ESMA