Today's Crypto and Bitcoin News

Market OverviewYesterday, the digital currency market saw a broad pullback as investors digested fresh macroeconomic data and recalibrated their risk appetite. Bitcoin (BTC) slipped 3.1% to close the day near $108,400, while Ethereum (ETH) traded down 2.5% around $2,745. Altcoins followed suit: BNB dipped 2.8%, XRP was off by 3.4%, and Cardano (ADA) retreated 2.9%. Total crypto market capitalization fell to $2.45 trillion, down from $2.53 trillion the prior day.   Crypto Market SentimentAs of May 29, 2025, the cryptocurrency market sentiment remains in the "Greed" zone, with the CoinMarketCap Fear & Greed Index holding steady at 65 out of 100. This indicates that investors are maintaining a bullish outlook, although caution is advised as markets can shift rapidly. Key Developments Fed Minutes Shake ConfidenceThe release of the latest Federal Reserve meeting minutes revealed a more hawkish tone than anticipated, with policymakers expressing concern over persistent inflation and a stronger-than-expected labor market. This renewed rate-hike caution weighed on risk assets—cryptocurrencies included—and triggered yesterday’s correction. Ethereum ETF Discussions AdvanceWall Street chatter picked up around a potential Ethereum ETF approval, following glowing commentaries from multiple institutional research desks. While not yet confirmed by regulators, the prospect of a regulated ETH investment vehicle drove higher options open interest on leading derivatives platforms. On-Chain Upgrades Gain MomentumDevelopers working on layer-2 scaling solutions announced successful testnet launches for several Ethereum rollups, boosting optimism around transaction fees and throughput improvements ahead of the upcoming “Dencun” upgrade. Improved network performance continues to underpin Ethereum’s case as the premier smart-contract platform. Stablecoin Regulatory SpotlightU.S. lawmakers held hearings on stablecoin oversight, debating the balance between innovation and investor protection. Proposals ranged from reserve transparency requirements to full banking regulation, with potential implications for issuers like USDT, USDC, and BUSD.    

BTC$117,610.90-1.82%

ETH$3,058.96+1.22%

Key Takeaways Macro Environment: U.S. stocks remained cautious ahead of the Federal Reserve's meeting minutes and Nvidia’s earnings report. The minutes reiterated a cautious approach to rate cuts and maintained a wait-and-see stance, providing no favorable signals to the market. As a result, the U.S. stock rally paused, with all three major indices closing lower. After hours, Nvidia’s strong earnings drove U.S. stock futures higher. Additionally, the U.S. Court of International Trade blocked the "reciprocal tariffs" policy, dealing a blow to Trump's tariff strategy. This led to a sharp rebound in the three major U.S. stock indices and a short-term drop in gold prices. Crypto Market: Heavily influenced by macroeconomic factors, Bitcoin’s price movement became more correlated with U.S. stock futures, generally mirroring their trends and closing down 1.06%. The U.S. court’s halting of Trump’s reciprocal tariff policy led to a sharp Bitcoin rally, breaking above $108,000. ETH/BTC ratio rose for the third consecutive day, breaking 0.025, and showed strong resilience during Bitcoin’s dip. Ethereum's strength drove a broader rebound in the Ethereum ecosystem, and Bitcoin's market dominance started to decline. Today’s Preview: U.S. Q1 Real GDP Annualized QoQ Revised Data. Main Asset Changes Index Value % Change S&P 500 5,888.56 -0.56% NASDAQ 19,100.94 -0.51% BTC 107,775.60 -1.06% ETH 2,681.60 +0.77%   Crypto Fear & Greed Index: 74 (71 twenty-four hours ago), Level: Greed Macro Economy U.S. court halts Trump’s “Liberation Day” trade policy; following the federal court’s ruling, the Trump administration has filed a notice of appeal. Federal Reserve Meeting Minutes: Increased economic uncertainty; trade policy drag on economic activity larger than expected; inflation may persist longer than expected; a cautious monetary policy stance is deemed appropriate. Industry Highlights U.S. House of Representatives to introduce updated digital asset market structure bill on Thursday U.S. Department of Labor withdraws 2022 crypto guidance for 401(k) plans UK FCA releases stablecoin and crypto asset regulatory proposal Pakistan plans to establish a strategic Bitcoin reserve U.S. Vice President Vance at “Bitcoin 2025” conference: Crypto is a hedging tool, with around 50 million Americans holding Bitcoin; Bitcoin holds strategic importance; its community must increase political engagement to avoid missing policy windows; removing prior administration’s crypto rules, red tape, and lawsuits will be a priority; GENIUS Act implementation could boost stablecoin adoption MetaPlanet issues $50 million in zero-interest common bonds to increase Bitcoin holdings Canadian investment firm Captor Capital launches Bitcoin treasury strategy and completes its first BTC purchase BlackRock plans to subscribe to 10% of Circle’s IPO shares Telegram to raise $1.5 billion through bond issuance; receives $300 million in cash and equity from Musk’s xAI GameStop announces purchase of 4,710 BTC Futu subsidiary Moomoo to launch Moomoo Crypto for U.S. users Project Highlights Hot Tokens: TON, SPX, MASK ETH/BTC ratio breaks 0.025; Ethereum’s strong performance drives broad gains in ETH ecosystem tokens such as UNI, LDO, ENS, ARB, and EIGEN TON: Telegram to raise $1.5 billion via bonds; receives $300 million in cash and equity from Musk’s xAI. Musk has not yet responded MERL: Listed on Binance Futures, driving a price surge Weekly Outlook May 29: U.S. Q1 Real GDP Annualized QoQ Revised Data May 30: FTX to begin payouts to major bankruptcy creditors; U.S. April Core PCE; KMNO unlock: 14.97% of circulating supply ($15.1M); REZ unlock: 16.10% of circulating supply ($5.7M); GameFi ecosystem Treasure DAO to shut down Treasure Chain     Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

📈 Market Overview Bitcoin (BTC) reclaimed the $110,000 mark, trading at approximately $108,818, reflecting a slight decline of 0.31% from the previous close. Ethereum (ETH) demonstrated resilience, surging past $2,700 before settling at $2,632.49, marking a 1.33% increase. Other major cryptocurrencies such as BNB and XRP also recorded gains, with BNB at $682.05 and XRP at $2.30.  The broader market sentiment showed signs of recovery, with the Crypto Fear & Greed Index rising from 25 to 43, indicating a shift from extreme fear to moderate fear among investors.    📊 Market Sentiment Investor confidence appeared to strengthen, influenced by positive price movements and institutional activities. Ethereum's rise was notably driven by increased institutional interest and growing decentralized finance (DeFi) activity. Additionally, the anticipation surrounding upcoming crypto summits contributed to the improved sentiment.    📰 Key Developments Strategic Bitcoin Reserve: President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve, positioning Bitcoin as a national reserve asset. This move underscores the growing institutional acceptance of cryptocurrencies. Circle's IPO Announcement: Circle Internet Group, the issuer of the USDC stablecoin, announced plans for an initial public offering on the NYSE, targeting up to $6.7 billion valuation and raising as much as $624 million by selling 24 million shares priced between $24–$26 each. Quant Network's ECB Partnership: Blockchain interoperability leader Quant Network was confirmed as a pioneer partner in the European Central Bank’s Digital Euro project. This collaboration aims to embed programmable payment features into the upcoming CBDC, reinforcing Quant’s role at the intersection of traditional finance and blockchain tech.  

Key Takeaways 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%. 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. 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 Fed's Kashkari: Trade negotiations may take months or years, supports holding rates steady Trump praises the EU for accelerating trade talks with the US US May Conference Board Consumer Confidence Index at 98, higher than both previous and expected levels Industry Highlights Trump Media & Technology Group (DJT.O) announces $2.5 billion Bitcoin funding deal Trump administration officials state “Bitcoin is the gold standard” and confirm they will not sell government-held Bitcoin Texas Bitcoin Reserve Bill Coordination Committee submits final report, awaiting bicameral vote Circle applies for listing on the New York Stock Exchange SharpLink Gaming announces $425 million private placement, will use ETH as a treasury reserve asset Thailand SEC: Government digital tokens (G-Tokens) are regulated by the SEC and cannot be used as a payment method Project Highlights Trending Tokens: CETUS, TRB, KAITO, VIRTUAL, CAKE AI Agent Sector: VIRTUAL, AI16Z, AIXBT and others broadly rose, VIRTUAL performed strongly after launching points and staking systems CETUS: Cetus promises full compensation for stolen assets if approved by community vote; CETUS rebounded over 30% 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     Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Market Overview On May 26, 2025, the cryptocurrency market exhibited mixed performance amid profit-taking and renewed institutional flows: Bitcoin (BTC) traded near $109,000, down slightly as short-term holders realized over $11.4 billion in profits over the past month, causing the rally to stall beneath the $110K mark. Ethereum (ETH) climbed past $2,550, buoyed by on-chain data showing strong demand zones between $2,470–$2,495, with analysts eyeing a rebound toward $2,800 resistance. Among major altcoins, Dogecoin (DOGE) led the CoinDesk 20 index with 3%+ gains, reflecting a rotation into high-beta tokens after weekend sell-offs.   Crypto Market Sentiment Investor mood remained elevated, with the Crypto Fear & Greed Index registering 68 (Greed). This bullish reading signals growing optimism and a belief in continued upside for digital assets. Key Developments Trump Media Raises $3 B for CryptoTrump Media & Technology Group announced plans to raise $3 billion—$2 billion via fresh equity and $1 billion through a convertible bond—to purchase Bitcoin and other cryptocurrencies. The news helped BTC jump 1.5%, marking its largest move in four days. Record Bitcoin ETF InflowsU.S. spot Bitcoin ETFs recorded one of their largest single-day inflows on Friday, underscoring sustained institutional demand and providing a floor for BTC prices. Surge in DeFi TokensDeFi protocol Hyperliquid (HYPE) saw a 30% rally as speculative trading picked up pace. Meanwhile, newcomer Mantix (MTX) gained traction among traders, marking it as a key emerging contender in decentralized finance. Dogecoin Whale AccumulationLarge DOGE holders (“whales”) resumed accumulation, signaling confidence in Dogecoin’s medium-term outlook and contributing to its price rally alongside broader market strength. Big Banks Explore Stablecoin Issuance to Counter Growing Crypto Competition Several top U.S. banks are reportedly exploring a joint stablecoin to facilitate cross-institutional transactions, highlighting deeper integration between traditional finance and blockchain technology. Outlook The digital currency industry demonstrated resilience on May 26, 2025, with positive headlines and strong institutional flows counteracting short-term profit-taking. As regulatory clarity improves and adoption widens—from ETFs to stablecoins—the cryptocurrency market remains poised for further growth. Stay informed with KuCoin for tomorrow’s market insights, price alerts, and in-depth analysis of the evolving blockchain landscape.                                                          

Key Takeaways 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%. 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. 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 Index Value % Change BTC 109,454.90 +0.41% ETH 2,563.91 +0.50%   Crypto Fear & Greed Index: 74 (was 73 24 hours ago), classified as Greed Macro Economy Kashkari (Fed): Policy action before September remains uncertain EU plans to accelerate trade negotiations with the United States Industry Highlights Financial Times: Trump Media Group plans to raise $3 billion for crypto investment; Trump Media denied fundraising plans for crypto purchases Strategy spent $427.1 million last week to buy 4,020 BTC at an average cost of $106,237 El Salvador bought 1 more BTC, total holdings now 6,189.18 BTC Circle denied rumors of a sale to Coinbase or Ripple Dubai Land Department launched a real estate tokenization platform based on the XRP Ledger Hyperliquid reported a new all-time high in open interest, reaching $10.1 billion Japanese listed company Remixpoint plans to purchase an additional ¥1 billion worth of BTC YZi Labs invested in Avalon Labs, a Bitcoin Layer 2 capital market Project Highlights Hot Tokens: ZBCN, MOONPIG, JUP SUI: The official Sui team will invest an additional $10 million to enhance on-chain security HIPPO: Hippo to begin buyback and burn of HIPPO tokens 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 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. May 28: U.S. Vice President Vance to speak at Bitcoin 2025 conference. David Sacks to attend Bitcoin 2025. Nvidia earnings report. May 29: Federal Reserve to release minutes from the May FOMC meeting. US Q1 Real GDP (annualized) revision. 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.     Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Market OverviewYesterday (May 25, 2025), the digital currency industry experienced a pronounced pullback as Bitcoin slipped 1.6% over 24 hours, settling at $107,117 amid intensified selling pressure triggered by U.S. tariff warnings on EU imports. Ethereum closely mirrored this decline, retreating 2.1% to $3,450, even as its 24-hour trading volume rose 15% to $800 million on major exchanges. Overall, the total crypto market capitalization contracted by roughly $40 billion—dropping below the $3 trillion threshold—while aggregate volumes across the top ten cryptocurrencies spiked by an average of 18%, underscoring elevated trader activity during the sell-off. Crypto Market Sentiment Investor sentiment shifted towards caution, with the Crypto Fear & Greed Index reaching 69, indicating a "Greed" sentiment. Despite this, the market's volatility suggests underlying uncertainty. Technical indicators showed that Bitcoin's Relative Strength Index (RSI) stood at 68, approaching overbought territory, while Ethereum's RSI was at 65, indicating potential for further price movements.   Key Developments Trump’s EU Tariff ThreatPresident Trump’s announcement of a 50% tariff on all EU imports—set to take effect June 1—sent shockwaves through both traditional and digital asset markets, triggering a swift crypto sell-off as investors braced for potential global market disruptions. Ethereum Technical Pattern FaltersEthereum’s bullish inverse head-and-shoulders setup failed to break decisively above the $2,900 trigger level, instead retreating to key support amid the broader market slump. Analysts suggest a sustained move above $2,900 would be required to restore upward momentum. Meme Coin ResilienceDespite the downturn in blue-chip digital currencies, meme-inspired tokens like Wojak Coin demonstrated relative strength—logging a 5% price gain and a 12% surge in trading volume as community-driven rallies powered interest. Looking ahead, market participants will be watching upcoming U.S. macroeconomic releases and any SEC updates on crypto-related ETFs—events that could catalyze fresh capital inflows into the digital currency market.

Key Takeaways Macro Environment: On Friday, global market risk-aversion sentiment surged due to the Trump administration’s threats to impose tariffs on the EU and its warning of tariffs against Apple. This led to a strong rebound in gold prices, while all three major U.S. stock indices declined. Over the weekend, trade tensions eased as Trump agreed to extend the deadline for EU trade negotiations to July 9. This signal of de-escalation immediately boosted market confidence, leading to a rebound in U.S. stock index futures on Monday morning. Crypto Market: Triggered by Trump’s tariff threats, the correlation between Bitcoin and U.S. stock futures rose again. On Friday, Bitcoin dropped 3.9% as tariff concerns intensified, and trading sentiment remained subdued over the weekend. However, with signs of easing in EU tariff negotiations, Bitcoin quickly rebounded, nearly recouping weekend losses. Meanwhile, the ETH/BTC ratio declined for three consecutive days, and Bitcoin dominance continued to climb, indicating further capital rotation into Bitcoin amid risk-off sentiment. Altcoins generally underperformed, though certain tokens like B, AIXBT, HYPE, and NEIRO saw strong short-term rebounds. Main Asset Changes Index Value % Change S&P 500 5,802.83 -0.67% NASDAQ 18,737.21 -1.00% BTC 109,011.10 +1.17% ETH 2,551.23 +0.83%   Crypto Market Fear and Greed Index: 73 (previous 24h: 74), indicating Greed Macro Economy Trump: Proposes 50% tariffs on EU starting June 1 Trump threatens to impose 25% tariffs on Apple U.S. Treasury Secretary Besent: 90-day tariff pause is based on sincere negotiations; Trump considers EU proposals inadequate European Commission President von der Leyen: Had a pleasant call with Trump, aims to reach a strong agreement by July 9 Trump: Agrees to extend EU trade negotiation deadline to July 9 U.S. and Japan leaders plan mid-June talks; Japan seeks to finalize tariff agreement before June G7 Summit U.S. Treasury Secretary Besent: Sovereign wealth fund plan suspended Industry Highlights Bitcoin 2025 speaker lineup announced, featuring Vice President Vance, Michael Saylor, and others U.S. Treasury Secretary Besent: “We will vigorously develop digital assets” CZ denies acting as “intermediary” for Trump family crypto project WLFI Russia ranks first globally in Bitcoin mining growth rate, second in total mining volume David Sacks confirmed to attend Bitcoin 2025 JD.com’s stablecoin enters Phase 2 of sandbox testing, to serve retail and institutional clients JPMorgan completes first tokenized U.S. Treasury settlement on public blockchain Project Highlights Hot Tokens: B, HYPE, NEIRO, VIRTUAL B: WLFI wallet shows no sale of BUILDon; after FUD-driven sell-off, B's market cap rebounded from $120M to over $400M ONDO: Ondo Finance launches on-chain securities trading platform “Ondo Global Markets” WCT: WalletConnect token expands to Solana, with an airdrop of 5 million WCT Weekly Outlook May 27: Bitcoin Las Vegas 2025 to be held from May 27–29 in Las Vegas, USA; U.S. SEC delays decision on Canary Capital’s Litecoin spot ETF filing — comment deadline is May 27 May 28: U.S. Vice President Vance to speak at Bitcoin 2025; David Sacks to attend the event; NVIDIA earnings report May 29: U.S. Federal Reserve to release minutes from May monetary policy meeting; Revised U.S. Q1 real GDP (annualized QoQ) May 30: FTX to begin bankruptcy claims payout to major creditors; U.S. April Core PCE report. KMNO unlock: 14.97% of circulating supply (~$15.1M value). REZ unlock: 16.10% of circulating supply (~$5.7M value). Blockchain gaming ecosystem Treasure DAO to shut down Treasure Chain   Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

📈Market OverviewYesterday, the global digital currency market continued its upward trajectory, driven by strong institutional inflows and positive regulatory signals. The total cryptocurrency market capitalization rose 1.1% to approximately $3.61 trillion, marking the highest level in over six months. Bitcoin led the charge, surging to a fresh all-time intraday peak of $110,611, before settling around $108,100, up 1.1% on the day. Ethereum followed suit, climbing 0.9% to trade near $2,660 as traders rotated gains into large-cap altcoins. Bitcoin’s dominance held steady at roughly 62.8% of total market cap, underscoring its continued role as the bellwether of the cryptocurrency ecosystem. 😃Crypto Market SentimentOverall market sentiment skewed bullish yesterday, with the Crypto Fear & Greed Index remaining in “Greed” territory. Renewed optimism was fueled by robust spot Bitcoin ETF inflows totaling $608.99 million for the week ending May 22, highlighting strong institutional demand. Traders cited short squeezes, on-chain whale accumulation, and dovish Fed signals as catalysts for the rally, viewing intraday pullbacks as buying opportunities rather than reversal warnings. 🔑Key Developments U.S. Stablecoin Regulation AdvancesThe Senate voted to advance a bipartisan stablecoin regulation bill, dubbed the “Stablecoin Innovation Act,” which aims to establish clear federal oversight for algorithmic and fiat-backed stablecoins. Bitwise analysts suggest this move could catalyze a long-term bull market in digital assets once signed into law. Blockchain Regulatory Certainty Act ReintroducedOn May 21, U.S. Representative Tom Emmer reintroduced the Blockchain Regulatory Certainty Act (BRCA), seeking to clarify that digital-asset developers aren’t money transmitters when they don’t custody user funds. The proposal has attracted cross-party support, signaling growing legislative focus on fostering blockchain innovation. Spot Bitcoin ETF Inflows SurgeA group of 12 U.S. spot Bitcoin ETFs collectively recorded inflows of $4.2 billion in May, with net new capital of $608.99 million just last week. ETF premiums narrowed as arbitrage opportunities drew in both institutional allocators and retail investors. 15th Anniversary of Bitcoin Pizza DayMay 22 marked the 15th anniversary of the first real-world Bitcoin purchase—10,000 BTC for two pizzas. Today, those coins would be worth over $1.1 billion, and Bitcoin’s market cap briefly eclipsed Amazon’s $2.205 trillion valuation, underscoring its maturation from niche experiment to mainstream digital asset. Innovation in Tokenization & Stablecoins Kraken announced plans to launch tokenized stock trading, allowing users to gain crypto-native exposure to equities without leaving the blockchain. Braza Finance unveiled its new algorithmic stablecoin, BRZ, designed to maintain a 1:1 peg with the U.S. dollar through on-chain collateral and dynamic supply adjustments.  

Key Takeaways Macroeconomic Environment: Trump’s tax bill has been approved by the House of Representatives and will now move to the Senate. Although yields briefly rebounded after the bill passed, the overall trend remains downward, indicating that the market's panic selling of U.S. Treasuries is easing. Meanwhile, U.S. stock markets were mixed—tech stocks led a rebound, but the S&P 500 recorded a third consecutive loss, reflecting investor caution between policy support and fiscal concerns. Crypto Market: With a major breakthrough in U.S. stablecoin legislation, Wall Street giants like JPMorgan and Citigroup have quietly begun preparations for joint stablecoin ventures—signaling an accelerated move by traditional finance into the crypto space. Against this backdrop, Bitcoin hit new all-time highs for two consecutive days. Meanwhile, the ETH/BTC ratio rebounded, ending Bitcoin’s eight-day dominance streak, and altcoins showed signs of recovery, with their overall trading volume share up by 0.2 percentage points—indicating a slight increase in risk appetite. Project Highlights: Robinhood listed two meme coins, MOODENG and MEW, triggering a sector-wide rally in meme coins. WLD and AVAX also saw price increases due to positive project news. However, SUI ecosystem's Cetus Protocol suffered a major hack, causing a sharp drop in liquidity pool depth and a broad selloff in SUI-related tokens. Main Asset Changes Index Value % Change S&P 500 5,842.00 -0.04% NASDAQ 18,925.73 +0.28% BTC 111,697.00 +1.87% ETH 2,664.64 +4.47%   Crypto Fear & Greed Index: 72 (was 70 24 hours ago), Level: Greed Macro Economy Trump’s tax reform bill narrowly approved by the House of Representatives Fed Governor Waller: If tariffs fall, interest rate cuts are expected in the second half of 2025 Industry Highlights Strategy plans to sell $2.1 billion worth of preferred shares WSJ: Major U.S. banks exploring joint stablecoin ventures U.S. Vice President Vance to speak at "Bitcoin 2025" conference on May 28, 2025 Nasdaq Exchange to allow iShares Ethereum Trust to conduct in-kind redemptions and subscriptions U.S. SEC delays decision on 21Shares' spot Ethereum ETF staking proposal WLFI: USD1 is fully backed by U.S. Treasury bonds Basel Medical, a publicly listed healthcare company, announces a $1 billion Bitcoin purchase agreement; Chinese EV retailer JZXN plans to acquire 1,000 BTC within a year Kraken to launch over 50 tokenized stocks and ETFs, including Apple, Tesla, etc. Project Highlights Hot Tokens: WLD, AVAX, PEPE Robinhood lists MOODENG and MEW, which surged by 37% and 16% respectively; meme tokens like PEPE, WIF, PNUT, and GOAT also rallied WLD: Raised $135 million from Andreessen Horowitz and Bain Capital Crypto to support network expansion AVAX: FIFA to build a dedicated blockchain based on Avalanche B: Trump family crypto project WLFI makes its first meme coin purchase; Binance launches derivatives CETUS: Cetus Protocol on the SUI ecosystem suffered a hack, reducing liquidity pool depth significantly with total losses around $223 million; CETUS plummeted 25%, dragging SUI down as well. The protocol has frozen $162 million of stolen funds and is offering a white-hat bounty in exchange for their return.     Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

📈 Market Overview Bitcoin's price soared to an all-time high of $110,663, marking a 4.2% increase from the previous day. Ethereum (ETH) followed suit, climbing 5.7% to $2,668.   Other major cryptocurrencies also posted gains: BNB rose 5.2% to $685.11 XRP increased 4.3% to $2.44 Cardano (ADA) advanced 7.6% to $0.805 The overall market capitalization of cryptocurrencies expanded significantly, reflecting the influx of capital and heightened trading activity. Analysts attribute this growth to a combination of macroeconomic factors and increased adoption of blockchain technologies across various sectors.   😃 Crypto Market Sentiment As of May 22, 2025, the Crypto Fear and Greed Index stands at 73, signaling a strong 'Greed' sentiment among investors. This elevated level indicates heightened market optimism, suggesting that caution may be warranted due to potential overvaluation and the risk of a market correction. The uptick in sentiment is further bolstered by the anticipation surrounding upcoming industry events and the continued integration of cryptocurrencies into mainstream financial systems. Market observers are closely monitoring these developments for cues on future market directions.   🔑 Key Developments 1. Bitcoin Reaches New All-Time High Bitcoin's ascent to $110,000 marks a significant milestone, driven by increased demand from both retail and institutional investors. The surge reflects growing acceptance of Bitcoin as a store of value and a hedge against inflation. 2. Regulatory Advancements in the U.S. The Trump administration's recent executive order establishing a Strategic Bitcoin Reserve has been met with enthusiasm from the crypto community. This move signals a commitment to integrating digital assets into the national financial infrastructure, potentially encouraging other nations to follow suit. 3. Institutional Adoption Accelerates Major financial institutions are increasingly embracing cryptocurrencies, with several firms announcing plans to offer crypto-related services. This trend indicates a growing recognition of digital assets' potential to diversify investment portfolios and enhance financial inclusion. 4. Technological Innovations Drive Growth Advancements in blockchain technology continue to propel the crypto market forward. Developments such as scalable solutions, decentralized finance (DeFi) platforms, and non-fungible tokens (NFTs) are attracting new users and fostering innovation within the ecosystem. 🧠 Analyst Insights Market analysts suggest that the current bullish trend may continue, provided that macroeconomic conditions remain favorable and regulatory clarity improves. However, they caution that investors should remain vigilant for potential market corrections and stay informed about ongoing developments in the crypto space. The convergence of institutional interest, technological innovation, and supportive regulatory frameworks positions the cryptocurrency market for sustained growth. As digital assets become increasingly integrated into the global financial system, their role in investment strategies is expected to expand.    

Key Takeaways Macroeconomic Environment: Concerns over ballooning U.S. debt intensified as bond auctions faltered, with the 20-year bond yield surpassing 5%—marking the worst auction result in history. Surging long-term yields triggered a U.S. stock market sell-off, with the three major indices recording their largest one-day drop in a month. Crypto Market: The GENIUS Stablecoin Act has passed a vote; Texas is set to become the third U.S. state to establish a Bitcoin strategic reserve. Optimism surrounding U.S. regulation drove Bitcoin past $110,000 to a new all-time high, making it the fifth-largest asset globally. ETH/BTC fell 1.52% from the previous day, Bitcoin dominance has risen for 8 consecutive days, altcoins are underperforming, and risk appetite among investors is tightening, with funds continuing to concentrate in Bitcoin. Today’s Outlook: Trump released a poster for the TRUMP Dinner, scheduled to attend on May 22. The U.S. will release the May Markit Composite PMI (Preliminary) Main Asset Changes Index Value % Change S&P 500 5,844.62 -1.61% NASDAQ 18,872.64 -1.41% BTC 109,649.50 +2.62% ETH 2,550.56 +1.06%   Crypto Fear & Greed Index: 72 (70 24 hours ago), level: Greed Macro Economy Trump: Very close to finalizing a new tax reform bill The U.S. auctioned $16 billion in 20-year bonds at yields over 5% U.S. 10-year Treasury yield climbed to 4.613%, highest since February 13 Industry Highlights The GENIUS Act has passed a vote to move into the amendment stage Texas may become the third U.S. state to build a strategic Bitcoin reserve Hong Kong Legislative Council officially passed the Stablecoin Bill: issuers must apply for a license from the Monetary Authority HK lawmaker Duncan Chiu: In addition to HKD and USD, RMB may be included as a legal stablecoin MC Group upgraded to Type 1 license from Hong Kong SFC to provide virtual asset trading services Crypto.com obtains EU license to launch crypto derivatives Bitcoin hits a new all-time high, market cap surpasses Amazon, becomes 5th largest asset globally Trump posts celebrating Bitcoin ATH U.S. SEC acknowledges physical redemption for BlackRock’s spot Ethereum ETF Today marks the 14th anniversary of Bitcoin Pizza Day; the 10,000 BTC used for pizza now worth nearly $1.1 billion Senator Lummis: 4 out of 5 Americans are willing to convert U.S. gold reserves to Bitcoin Circle announces Circle Payments Network mainnet launch, supporting real-time USDC cross-border settlement Project Highlights rending tokens: ENA, FARTCOIN, DOG B: Trump family crypto project WLFI purchased 25,000 USD1 worth of B, marking its first Meme coin investment Top meme performers: NEIROETH, WIF, POPCAT, CAT, BOME lead altcoin gains OKX suspends RUNES market, slight rebound in SATS and ORDI inscriptions Weekly Outlook May 23: New York Fed President Williams to deliver keynote at Monetary Policy Implementation Conference     Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Market Overview The cryptocurrency market experienced a significant upswing on May 20, 2025, driven by positive regulatory developments and increasing institutional adoption. Bitcoin (BTC) surpassed the $107,000 mark, reaching an intraday high of $107,844 and closing at $107,664, reflecting a 1.98% increase. Ethereum (ETH) climbed to $2,590.71, marking a 1.93% gain, with an intraday high of $2,600. The overall market capitalization rose by 3.29%, indicating renewed investor confidence.   Crypto Market Sentiment As of May 20, 2025, the Crypto Fear & Greed Index stands at 69, indicating a "Greed" sentiment. This suggests that investors are exhibiting optimism, potentially leading to overvalued markets. The index, ranging from 0 (Extreme Fear) to 100 (Extreme Greed), serves as a barometer for market emotions. Key Developments U.S. Senate Advances Stablecoin Regulation The U.S. Senate progressed on legislation to regulate stablecoins, aiming to establish clearer guidelines for digital asset operations. The bill's advancement reflects a growing bipartisan consensus on the need for regulatory clarity in the crypto space. Institutional Investments Bolster Market Confidence Institutional investors continue to show strong interest in cryptocurrencies. Notably, three whales on Hyperliquid placed $1 billion in long positions on Bitcoin with 40x leverage, signaling strong confidence in BTC's surge. XRP Faces Bearish Patterns XRP's price slipped as a bearish chart pattern points to a potential drop toward the $2.00 target. Market sentiment shifts as XRP faces critical support tests amid global economic uncertainties and upcoming token unlocks.   Market Implications The convergence of regulatory advancements and institutional investment signals a maturing cryptocurrency market. However, the sustained "Greed" sentiment underscores the need for investors to exercise caution and consider potential market corrections.      

Key Takeaways Macro Environment: Latest statements from Federal Reserve officials emphasize that the effectiveness of current policies still needs observation, reinforcing a wait-and-see stance. In U.S. politics, Trump’s tax cut proposal hits a roadblock, leading to legislative gridlock. Geopolitical risks are rising sharply, with reports suggesting Israel may take military action against Iran's nuclear facilities, sparking a surge in safe-haven demand—gold breaks above the $3,300 mark. U.S. stocks end their recent rally, with all three major indices pulling back; the S&P 500 snaps a six-day winning streak. Crypto Market: The crypto sector hits another milestone as the GENIUS Stablecoin Act advances to formal review following a procedural vote. Bitcoin continues to fluctuate in the $104,000–$107,000 range, showing reduced correlation with U.S. equities. ETH/BTC bounced with BTC but still ended the day down 1.29%. Bitcoin dominance rises for the seventh consecutive day, while altcoins remain sluggish. Looking Ahead Today：Hong Kong’s Stablecoin Bill scheduled for second reading debate in the Legislative Council on May 21. Main Asset Changes Index Value % Change S&P 500 5,940.45 -0.39% NASDAQ 19,142.71 -0.38% BTC 106,848.10 +1.20% ETH 2,523.74 -0.15%   Crypto Market Fear & Greed Index: 70 (previous 24h: 71), level: Greed  Macro Economy Federal Reserve officials, Cleveland Fed President Loretta Mester and San Francisco Fed President Mary Daly: Given the uncertainty surrounding the Trump administration’s policy impacts, the Fed’s best course of action is to wait before making further decisions. Trump’s personal lobbying fails to sway GOP House members; key Republicans remain unconvinced on tax legislation. Industry Highlights U.S. Senate passes a procedural motion advancing the GENIUS Stablecoin Act to formal review. Robinhood submits a proposal to the SEC to establish a federal framework for RWA tokenization. Kraken secures a Cyprus license, enabling expansion of derivatives trading into the EU. SEC Chair: Promoting transparency and accountability in crypto regulation. Hong Kong MPFA: MPF investment products will be allowed to include crypto/virtual assets once risks are deemed controllable. Texas passes the Bitcoin Reserve Investment Bill, pending governor’s approval to take effect. BlackRock–Circle Agreement: BlackRock prohibited from issuing stablecoins independently over the next four years; Circle to entrust at least 90% of its USD reserve assets (excluding bank deposits) to BlackRock for management. SEC delays decisions on XRP and Dogecoin ETF proposals, opens for public comment. Justin Sun to attend Trump dinner on May 22 as the largest holder of $TRUMP. Thumzup, a publicly listed U.S. company, announces it will accept USDC and other stablecoins for ad campaign payments. Asset management firm Strive plans to acquire Bitcoin assets from Mt.Gox proceedings. Ethereum co-founder Jeffrey Wilcke transfers $262 million in ETH to Kraken, likely for wallet migration—not a sale. Blackstone makes its first Bitcoin bet, purchasing $1.08 million worth of IBIT fund shares. Project Highlights Trending Tokens: FARTCOIN, TRUMP, SXT TRUMP: Trump dinner scheduled for May 22, with Trump expected to attend. Speculation on positive announcements at the event pushes TRUMP token up by 10%. SXT: Microsoft partners with crypto startup Space and Time Labs (SXT) to integrate new blockchain data sources into its Fabric analytics platform. STX: Stacks releases an updated roadmap featuring DeFi expansion initiatives and value enhancement plans for STX. XAUT/PAXG: Geopolitical tensions—reports of possible Israeli action on Iranian nuclear facilities—drive demand for safe-haven assets; gold surges past $3,300. Weekly Outlook May 22: Trump dinner promo poster released, Trump expected to attend; U.S. to release May Markit Composite PMI (Preliminary). May 23: New York Fed President Williams to deliver keynote speech at Monetary Policy Implementation Seminar.     Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Yesterday’s digital‐asset market was characterized by heightened volatility, with total capitalization climbing to $3.36 trillion—up 3.29%—as Bitcoin (BTC) surged past $106,000 and Ethereum (ETH) rallied back toward $2,600. Investor sentiment stayed in “Greed” territory, even as policymakers and institutions advanced major initiatives that could reshape the industry’s long‐term outlook. Market Overview Total Market Cap: $3.36 trillion (+ 3.29%)  Bitcoin (BTC): $106,134 (+ 3.1%), trading between $102,640 and $106,518  Ethereum (ETH): $2,564 (+ 7.8%)  Crypto Market Sentiment The Crypto Fear & Greed Index gauges market emotion on a 0–100 scale; readings above 60 denote “Greed.” According to CoinMarketCap, the index remains elevated in Greed territory, reflecting bullish momentum but also flagging potential overextension ahead of pullbacks. Traders often use this contrarily—locking in gains when sentiment peaks and buying into dips when fear grips the market. Key Development U.S. Senate Advances Landmark Crypto Regulation Bill The U.S. Senate made significant progress on a comprehensive cryptocurrency regulation bill, aiming to establish clearer guidelines for digital asset operations. The bill's advancement reflects a growing bipartisan consensus on the need for regulatory clarity in the crypto space.  Texas House to Review Bitcoin Reserve Bill The Texas House of Representatives is set to review Senate Bill 21, known as the Texas Bitcoin Reserve Bill. The bill proposes the establishment of a state-managed Bitcoin reserve, highlighting Texas's proactive approach to integrating cryptocurrency into its financial infrastructure.  Ethereum Investment Products Attract Significant Inflows Ethereum-focused investment products saw substantial inflows, totaling $785 million. This surge indicates growing institutional interest in Ethereum, possibly driven by its recent price performance and upcoming network upgrades.  CME Launches XRP Futures Contracts The Chicago Mercantile Exchange (CME) launched XRP futures contracts, providing institutional investors with new avenues to engage with the cryptocurrency. This development is expected to enhance XRP's liquidity and market depth.    

Key Takeaways Macro Environment: On monetary policy, Federal Reserve officials hinted that interest rates may remain unchanged until at least September. Regarding Moody's downgrade of the U.S. credit rating, both Trump and the Federal Reserve expressed disagreement, and markets have gradually digested the impact. U.S. stocks opened lower but rebounded to close higher, all three major indexes turned positive intraday. U.S. Treasury yields spiked before retreating, while gold saw a rebound. Crypto Market: Bitcoin briefly broke previous highs during the Asian session, nearing its all-time high (just $3,000 shy), before experiencing sharp volatility and retreating to $102,000. During the European and U.S. sessions, it rebounded as markets digested Moody's rating news, narrowing the daily loss to 0.81%. Ethereum showed relative strength in its rebound, ending a five-day ETH/BTC losing streak, while Bitcoin’s market dominance rose for a sixth consecutive day—indicating weak altcoin rebound momentum. Today’s Preview: The Texas Strategic Bitcoin Reserve Bill will undergo a second hearing on May 20. The inaugural New York Crypto Summit will be held on May 20. Main Asset Changes Index Value % Change S&P 500 5,963.59 +0.09% NASDAQ 19,215.46 +0.02% BTC 105,562.10 -0.81% ETH 2,527.58 +1.19%   Crypto Fear & Greed Index: 71 (vs. 74 24 hours ago), classified as “Greed” Macro Economy Trump’s tax cut bill gained momentum in the House of Representatives Fed Vice Chair: Moody’s downgrade will be treated as ordinary data in policy decisions White House Press Secretary Olivia Levitt: Trump disagrees with Moody’s assessment U.S. proposes a 5% tax on international remittances by non-U.S. citizens Fed's Williams: Inflation has been declining slowly and gradually; outlook will become clearer after June and July Trump: Russia and Ukraine will start ceasefire talks immediately; Russia is willing to restart large-scale trade cooperation with the U.S. Fed’s Bostic expects one rate cut this year Industry Highlights Coinbase faces lawsuit for allegedly violating Illinois biometric privacy law European fintech firm Trade Republic granted full MiCA license by German regulator BaFin SEC Chair reflects on crypto regulation shift: from “ostrich policy” to proactive adaptation, plans to consolidate FinHub roles SEC Chair: Will draft new rule proposals for the crypto sector, no longer fears innovation in the space Strategy acquired 7,390 BTC at an average price of $103,498 Tether’s U.S. Treasury holdings now surpass those of Germany U.S. SEC delayed decision on VanEck Spot Solana ETF application Metaplanet’s daily trading volume surpassed $425 million, becoming Japan’s 9th most traded stock JPMorgan CEO: Customers will be allowed to buy Bitcoin, but JPM will not offer custody services Circle announced via social media that USDC payments are now accepted on Sony's Singapore online store via Crypto.com Project Highlights Trending Tokens: AAVE, NEIROETH Ethereum ecosystem tokens rallied alongside ETH/BTC recovery, with AAVE, PENDLE, MKR, ENS leading the rebound XRP: CME launched XRP and Micro XRP futures contracts Weekly Outlook May 20: Second hearing of Texas Strategic Bitcoin Reserve Bill; inaugural New York Crypto Summit May 21: Hong Kong's "Stablecoin Bill" to resume second reading in Legislative Council; 2025 FOMC voter and St. Louis Fed President Musalem to speak on economic outlook and monetary policy May 22: Trump to attend TRUMP dinner event; U.S. to release May Markit Composite PMI preliminary data May 23: NY Fed President Williams to deliver keynote speech at monetary policy implementation seminar     Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Market Overview As of May 18, 2025, the global cryptocurrency market capitalization stood at approximately $3.45 trillion, reflecting a slight decline from the previous day. Bitcoin (BTC) maintained its position above the $103,000 mark, while Ethereum (ETH) traded around $2,536, showing a modest uptick. Bitcoin (BTC): $103,900 Ethereum (ETH): $2,536 Total Market Cap: $3.45 trillion 24h Trading Volume: Approximately $68 billion BTC Dominance: Approximately 59% Crypto Market Sentiment Today’s CMC Crypto Fear & Greed Index stands at 71/100, classified as “Greed,” indicating that investors are exhibiting confident, bullish behavior. Key Developments Ethereum Shows Signs of Recovery Ethereum's price experienced a rebound, rising more than 2.5% over the last 24 hours to trade at $2,536. Analysts suggest that ETH may have more room to grow in the coming weeks.  SUI Token Bounces Back SUI demonstrated resilience by bouncing after holding the $3.75 support level. The token established higher lows throughout the trading session, indicating potential for further gains.  Jupiter Crypto Rides Solana’s DeFi Wave Jupiter Crypto, a leading decentralized exchange aggregator on the Solana blockchain, emerged as a standout performer. The platform's price surge and recent upgrades highlight the growing momentum in Solana's DeFi ecosystem.  Dogecoin Whales Accumulate Despite a 4.3% price swing, Dogecoin (DOGE) showed resilience at the $0.212 level. Whales accumulated 1 billion tokens, suggesting potential upside momentum for the meme coin.  Regulatory Concerns in India India's proposed cryptocurrency regulatory bill has raised concerns among investors. The legislative hurdles could lead to significant market implications, potentially causing Bitcoin to tumble further.  Outlook The cryptocurrency market continues to navigate a complex landscape of price volatility and regulatory developments. Investors are advised to stay informed and exercise caution as the market responds to these evolving factors.  

Key Takeaways Macro Environment: Despite weak soft data in Friday’s consumer confidence index and inflation expectations, all three major U.S. indices closed higher, with the S&P 500 recording its second-largest weekly gain of the year. After the market closed, Moody’s downgraded the U.S. credit rating, triggering a “triple whammy” in small-cap stocks, bonds, and the dollar. U.S. Treasury Secretary Yellen stated she does not trust Moody’s ratings, easing some panic sentiment. Crypto Market: Bitcoin mostly maintained a low-volatility sideways trend over the weekend. On Sunday night, it briefly broke through recent highs before pulling back, with volatility surging and price swings exceeding $3,000. It then rebounded again, closing up 3.21%. ETH/BTC fell 2.25% week-over-week, down for five consecutive days. Bitcoin dominance surpassed 64%, while altcoins remained weak. Meme and AI Agent sectors rebounded collectively. Main Asset Changes Index Value % Change S&P 500 5,958.37 +0.70% NASDAQ 19,211.10 +0.52% BTC 106,440.70 +3.21% ETH 2,497.77 +0.92%   Crypto Fear & Greed Index: 71 (compared to 70 24 hours ago), level: Greed Macro Economy Moody’s downgraded U.S. credit rating from AAA to AA1 U.S. Treasury Secretary Yellen responds to Moody’s downgrade: “I don’t quite believe Moody’s” U.S. and EU break deadlock and resume tariff negotiations Yellen: If other countries don’t reach trade deals with the U.S., tariffs will return to “reciprocal” levels Fed’s Bostic: Expects one interest rate cut this year U.S. May 1-year inflation expectation preliminary: 7.3%, higher than previous and forecast; University of Michigan consumer sentiment index preliminary: 50.8, lower than both prior and forecast Trump: “Many good things” will happen in the next month Trump: New tariffs on many countries will be imposed in the next 2–3 weeks Industry Highlights Senate Majority Leader has submitted a cloture motion on the GENIUS Act; final vote scheduled for May 19 Ukraine is considering establishing a strategic Bitcoin reserve Ethereum Consensus Layer Core Dev Call #157 summary: Fusaka testnet expected to launch on May 26 Solana Q1 application revenue reached $1.2 billion, marking its best quarter in a year; Pump.fun led with $257 million Publicly listed U.S. company Basel Medical Group launches $1 billion BTC acquisition strategy BlackRock’s IBIT currently holds over 630,000 BTC, accounting for 3% of total supply Hong Kong brand DayDayCook has purchased 100 BTC Argentine court freezes assets of key figures linked to the LIBRA meme coin, lifts banking secrecy protections of President Milei and his sister Project Highlights Hot tokens: MOODENG, NEIRO, VIRTUAL Meme sector rebounded collectively after a week of decline. NEIRO, MOODENG, GOAT, PNUT among the top gainers AI Agent sector saw rebounds in VIRTUAL, GRIFFAIN, GOAT EOS: Trump family-backed crypto project WLFI spent $3 million to acquire EOS; EOS to be swapped 1:1 into token A Weekly Outlook May 19: U.S. lawmakers to hold final vote on GENIUS Stablecoin Act; Coinbase to join S&P 500; CME to launch XRP futures; PYTH to unlock 58.62% ($338M); ZKJ to unlock 5.3% ($32.3M) May 20: Texas to hold second hearing on the strategic Bitcoin reserve bill; First New York Crypto Summit to be held May 21: Hong Kong’s Stablecoin Regulation Bill to resume second reading in Legislative Council; FOMC voter and St. Louis Fed President Musalem to speak on economic outlook and monetary policy May 22: Trump to attend fundraising dinner as shown in TRUMP event poster; U.S. to release preliminary May Markit Composite PMI May 23: New York Fed President Williams to deliver keynote speech at a monetary policy implementation seminar     Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

Yesterday’s crypto markets experienced a modest pullback as Bitcoin slid back below the $104,000 mark and Ethereum retraced after recent highs, driven by profit-taking ahead of key U.S. inflation data and growing caution around institutional flows. Total market capitalization dipped by 1.2% to roughly $3.45 trillion, while 24-hour trading volume held steady near $68 billion. Altcoins showed mixed performance: Solana and Cardano each gave up over 4%, even as DeFi activity on Ethereum remained robust. Meanwhile, Ethereum ETF products saw a net outflow of $39.8 million, signaling short-term bearish sentiment among institutional investors. Market Overview The global cryptocurrency market cap today is $3.45 Trillion, a downwards 1.0% change in the last 24 hours. Total cryptocurrency trading volume in the last day is at $130 Billion. Bitcoin dominance is at 59.8% and Ethereum dominance is at 9.11%. CoinGecko is now tracking 17,002 cryptocurrencies. The largest gainers in the industry right now are Polkadot Ecosystem and XRP Ledger Ecosystem cryptocurrencies. Bitcoin (BTC): $102,868, –0.9% Ethereum (ETH): $2,545, –2.3% Crypto Market Sentiment Investor sentiment turned cautious as markets await the U.S. Producer Price Index for April, due later this week, which could influence Fed policy outlook and risk assets. The Crypto Fear & Greed Index hovered in the “Greed” zone at 72, down from 78, reflecting growing profit-taking pressure. On-chain indicators showed a 15% spike in BTC exchange inflows over the past 48 hours, suggesting mounting selling pressure from short-term holders. Despite this, stablecoin circulation remained elevated, with Tether’s USDT and Circle’s USDC holdings up 3% as traders maintained liquidity buffers. Key Developments Mastercard’s Stablecoin Push Mastercard announced new partnerships to integrate stablecoin payments into its network, enabling real-world spending through USDC and other dollar-pegged tokens via on-chain identity solutions. U.S. Stablecoin Legislation A bipartisan Senate draft proposes joint oversight of stablecoins by the CFTC and SEC, aiming to safeguard consumer funds and bolster market integrity. Institutional DeFi Adoption BlackRock’s tokenized Treasury fund “sBUIDL” launched a direct DeFi integration on Avalanche via Euler Finance, marking one of the largest asset manager entries into decentralized protocols. Solana Treasury Accumulation DeFi Development Corp. boosted its Solana treasury by adding 16,447 SOL, worth over $50 million, becoming the blockchain’s largest corporate holder and underscoring confidence in Solana’s ecosystem. Ethereum ETF Outflows Ethereum ETF products recorded $39.8 million in net outflows on May 15, led by Fidelity’s FETH and Grayscale’s ETHE, signifying short-term institutional reallocations. Coinbase Security Update Coinbase disclosed a recent cyber-attack could cost up to $400 million, highlighting the ongoing need for enhanced exchange security and user asset protection. What’s Next Traders will focus on upcoming U.S. inflation data and the Fed’s commentary for clues on monetary policy direction. Meanwhile, ETF flows, stablecoin regulation, and major network upgrades—like Ethereum’s Pectra enhancements—will continue shaping market dynamics into the next trading sessions.    

Key Takeaways Macro Environment: In a major policy address, Jerome Powell indicated that the Federal Reserve is adapting its strategy to evolving economic conditions and suggested a reassessment of the average inflation targeting framework. The surprise decline in U.S. PPI, coupled with Powell’s remarks, slightly boosted expectations for a rate cut in July. U.S. equities opened lower, with mixed performance across the major indices. Crypto Market: Bitcoin continues to range between $101,000–$104,000 and rebounded mid-U.S. session alongside the equity market, highlighting a resurgence in correlation. Continued accumulation of Bitcoin by public companies and sovereign wealth funds is providing market support. Meanwhile, the ETH/BTC ratio has declined for two consecutive days, with Bitcoin dominance rising above 63%, and altcoins generally under pressure during Bitcoin’s sideways movement. Main Asset Changes Index Value % Change S&P 500 5,916.92 +0.41% NASDAQ 19,112.32 +0.18% BTC 103,764.40 +0.25% ETH 2,548.40 -2.34%   Crypto Fear & Greed Index: 71 (previous 24h: 70) – Level: Greed Macro Economy U.S. April PPI came in lower than expected; April retail sales rose 0.1% MoM. Powell hinted at a "major overhaul" of the Fed's monetary policy framework; zero lower bound remains a concern, and average inflation targeting may need reevaluation. UN Report: Global economic outlook deteriorating amid high uncertainty. EU Officials: U.S.-EU trade talks are accelerating. Industry Highlights GENIUS Act Draft: Proposes banning non-financial tech companies from issuing stablecoins and reinforcing the separation between banking and commerce. Scheduled for a vote on May 19. Ukraine is preparing to launch a strategic Bitcoin reserve under its new crypto legislation. U.S. SEC delays decision on 21Shares’ spot Polkadot ETF application. U.S. SEC is investigating whether Coinbase misreported user numbers. FTX repayments will begin on May 30, with over $5 billion to be distributed. Abu Dhabi’s Sovereign Wealth Fund invested $408 million in BlackRock’s Bitcoin ETF. Addentax (NASDAQ: ATXG) plans to purchase 8,000 BTC and other crypto assets. DDC Enterprise initiates a Bitcoin reserve strategy aiming to hold 5,000 BTC over 36 months. Mastercard to launch a new stablecoin-linked payment card in collaboration with MoonPay. Wisconsin Investment Board sold its Bitcoin ETF holdings, now holding Coinbase shares. BlackRock’s BUIDL Fund completed its first DeFi integration, connecting with Euler on Avalanche. CoinMarketCap officially launched CMC Launch, with its first project being the decentralized perpetuals platform Aste. World Liberty Financial (WLFI) approved a proposal to distribute $1 USD to all eligible WLFI token holders. Project Highlights Trending Tokens: NXPC, BOTIFY, XCN NXPC: A new adventure-themed blockchain game token launched on Binance, Upbit, and other major exchanges. It surged 85% from its opening price. Alpha airdrop participants saw strong returns, driving community interest. FTT: FTX's $5 billion repayment schedule has raised speculation and trading activity around the FTT token. Weekly Outlook May 16: U.S. one-year inflation expectations (preliminary). University of Michigan Consumer Sentiment Index (preliminary). Immutable (IMX) to unlock 24.5 million tokens, worth approx. $14 million.     Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.