Key Takeaways
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Macro Environment: The easing of the US-EU trade war has reduced risk-off sentiment, leading to a pullback in gold. However, due to the US Memorial Day holiday, US stock markets were closed, resulting in light trading. US stock index futures rose more than 1%.
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Crypto Market: Boosted by the easing trade tensions between the US and Europe, Bitcoin rose in tandem with US stock index futures, briefly reclaiming the $110,000 mark intraday. However, market sentiment was later disturbed by false reports that "Trump Media Group plans to raise $3 billion to invest in crypto," causing high volatility. Amid the turbulence, Bitcoin’s market dominance continued to rise, while altcoins generally underperformed.
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Today's outlook: Bitcoin Las Vegas 2025 will be held in Las Vegas, USA from May 27 to 29, 2025. The U.S. SEC has postponed its decision on Canary Capital’s Litecoin spot ETF application; public comment deadline is May 27.
Main Asset Changes
Crypto Fear & Greed Index: 74 (was 73 24 hours ago), classified as Greed
Macro Economy
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Kashkari (Fed): Policy action before September remains uncertain
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EU plans to accelerate trade negotiations with the United States
Industry Highlights
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Financial Times: Trump Media Group plans to raise $3 billion for crypto investment; Trump Media denied fundraising plans for crypto purchases
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El Salvador bought 1 more BTC, total holdings now 6,189.18 BTC
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Circle denied rumors of a sale to Coinbase or Ripple
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Japanese listed company Remixpoint plans to purchase an additional ¥1 billion worth of BTC
Project Highlights
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Hot Tokens: ZBCN, MOONPIG, JUP
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HIPPO: Hippo to begin buyback and burn of HIPPO tokens
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MOONPIG: A Solana-based astronaut pig-themed meme coin; whale James responded to FUD, denying he sold MOONPIG—this increased exposure and pushed its market cap above $60 million
Weekly Outlook
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May 27: Bitcoin Las Vegas 2025 opens in Las Vegas (May 27–29). U.S. SEC delays decision on Canary Capital's Litecoin spot ETF application, public comment deadline today.
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May 28: U.S. Vice President Vance to speak at Bitcoin 2025 conference. David Sacks to attend Bitcoin 2025. Nvidia earnings report.
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May 29: Federal Reserve to release minutes from the May FOMC meeting. US Q1 Real GDP (annualized) revision.
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May 30: FTX to begin creditor repayments from bankruptcy proceedings. US April Core PCE. KMNO token unlock: 14.97% of circulating supply (~$15.1 million). REZ token unlock: 16.10% of circulating supply (~$5.7 million). Treasure DAO’s Treasure Chain in blockchain gaming ecosystem to shut down.
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