Key Takeaways
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Macro Environment: Positive news from US-EU negotiations, with Trump praising the EU for accelerating trade talks with the US, easing transatlantic trade tensions. Driven by this optimism and a rise in US consumer confidence, US stocks, bonds, and the dollar all rallied. The S&P 500 and Nasdaq both rose more than 2%.
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Crypto Market: Trump Media & Technology Group announced a Bitcoin funding deal worth approximately $2.5 billion, pushing Bitcoin to briefly surpass $110,000. However, market reactions were mixed — Trump Media & Tech stock dropped 10%, and Bitcoin retreated after hitting resistance. "ETH’s MicroStrategy counterpart" SharpLink Gaming announced a $425 million private placement, declaring ETH as a treasury reserve asset, lifting the ETH/BTC ratio by 4.3% MoM. Bitcoin dominance fell below 64%, and the altcoin market broadly rallied with ETH’s rebound.
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Today’s Outlook: Bitcoin Las Vegas 2025 will be held from May 27 to 29 in Las Vegas, USA; US Vice President Vance will speak at the "Bitcoin 2025" conference; David Sacks to attend Bitcoin 2025. NVIDIA to release earnings report.
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 5,921.53 | +2.05% |
| NASDAQ | 19,199.16 | +2.47% |
| BTC | 108,934.80 | -0.48% |
| ETH | 2,661.09 | +3.79% |
Crypto Fear & Greed Index: 71 (was 74 24 hours ago), level: Greed
Macro Economy
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Fed's Kashkari: Trade negotiations may take months or years, supports holding rates steady
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Trump praises the EU for accelerating trade talks with the US
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US May Conference Board Consumer Confidence Index at 98, higher than both previous and expected levels
Industry Highlights
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Trump Media & Technology Group (DJT.O) announces $2.5 billion Bitcoin funding deal
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Trump administration officials state “Bitcoin is the gold standard” and confirm they will not sell government-held Bitcoin
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Texas Bitcoin Reserve Bill Coordination Committee submits final report, awaiting bicameral vote
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Circle applies for listing on the New York Stock Exchange
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SharpLink Gaming announces $425 million private placement, will use ETH as a treasury reserve asset
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Thailand SEC: Government digital tokens (G-Tokens) are regulated by the SEC and cannot be used as a payment method
Project Highlights
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Trending Tokens: CETUS, TRB, KAITO, VIRTUAL, CAKE
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CETUS: Cetus promises full compensation for stolen assets if approved by community vote; CETUS rebounded over 30%
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HYPER/RED: Upbit listed BTC and USDT trading pairs for HYPER and RED, both saw short-term surges
Weekly Outlook
- May 28: US Vice President Vance to speak at "Bitcoin 2025" conference; David Sacks to attend Bitcoin 2025; NVIDIA earnings report
- May 29: Fed to release minutes from May monetary policy meeting; Revised Q1 US real GDP annualized growth rate
- May 30: FTX to begin bankruptcy claims payments to major creditors; US April Core PCE data; KMNO unlocks 14.97% of circulating supply ($15.1 million); REZ unlocks 16.10% of circulating supply ($5.7 million); Gaming ecosystem Treasure DAO’s Treasure Chain to shut down
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