🧵 Crypto Daily Recap | May 23, 2025

1. TradFi eyes stablecoins

JPMorgan, BofA, Citigroup & Wells Fargo are reportedly teaming up to launch a joint stablecoin. This isn’t just interest—it’s a power move.

2. Michigan turns pro-crypto

New bills passed supporting mining, tax breaks, treasury investment in BTC & ETH, and legal protections for digital assets. A true crypto-friendly blueprint.

3. Sweden joins the Bitcoin club

H100 Group becomes the first public company in Sweden to buy BTC—just 4.39 coins, but a huge symbolic step. Even healthcare is stacking sats now.

4. TRX eyes ETF status

The SEC acknowledged Canary Capital’s filing for a Staked TRX ETF. First Bitcoin. Then ETH. Now Tron wants in. Bullish energy is spreading.

5. Binance Launchpool: Project #70

Huma Finance (\$HUMA) is the latest addition. Another early mover’s opportunity—if you’re paying attention.

6. ETF flows hit new highs

On May 22 alone:

8,530 BTC and 43,330 ETH bought.

Net inflows: \$934.8M for BTC, \$110.5M for ETH.

Wall Street is loading up—not dipping out.

7. Cetus negotiates with hacker

After the \$220M exploit, Cetus offers a \$6M bounty for the return of ETH and frozen SUI. In crypto, even hackers play CEO.

8. Trump plays hardball with the EU

No deal yet. Talks slow. Tariffs may be delayed if Europe relocates factories to the U.S.

America First policy is back in the spotlight.