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According to data available, Bitcoin spot ETFs have mirrored a massive inflow of $2.7 billion, and the growth inflow was recorded following BTC’s all-time high of $109k.

The information from Farside Investors notes that the total inflow of Bitcoin spot ETF is $2.7 billion in a week, the inflow reached a peak compared to the inflow of $608 million in the second last week.

With the sudden bullishness in Bitcoin’s price, the inflow in BTC spot ETFs has reached a new high, growing 4.5 times in a week.

Experts argue that the skyrocketing inflow in BTC ETF products demonstrates investors’ growing interest in regulated investment vehicles like the Bitcoin spot ETF.

On May 23, 2025, the Bitcoin spot ETF category saw an inflow of $211.1 million, despite collective gains IBIT by BlackRock has become the largest individual inflow that day, drawing in $430.8 million.

BTC spot ETFs are becoming one of the most legitimate investments 

Over time, BTC spot ETFs have become one of the most legitimate and mainstream ways to invest in Bitcoin. Regulatory clarity, easy access, institutional interest, and transparency are factors that pull investors’ attention.

The Bitcoin spot ETF was first approved by the United States Securities and Exchange Commission in 2024. Since then, it has gathered huge attention and is now one of the most preferred investment vehicles.

Unlike unregulated cryptocurrency exchanges, spot ETFs are subject to strict disclosure, auditing, and custodial rules, giving investors more security and peace of mind. 

The inflow into Bitcoin ETFs is growing at a rate that is even higher than some conventional equities ETFs. Increased confidence in the asset class and robust market demand are the reasons for this increase.

BTC spot ETFs are popularly offered by major financial firms such as Fidelity, BlackRock, GrayScale, and Bitwise. The participation by these financial giants not only lends legitimacy but also long-term investor trust and billions of dollars in funding.

By investing in a Bitcoin spot ETF, investors can obtain exposure to Bitcoin without having to purchase, hold, or safeguard the crypto directly.

Crypto market price updates 

When writing, the crypto market was $2.34 trillion with a loss of 2.66%, and the trading volume has also fallen to $154 billion, which was recorded at $200 billion a day earlier.

In the past few hours, bears tried hard to push bulls out of the scene, and at the same time, the crypto fear and greed index was 67, which was recorded above 75 the previous.

Bitcoin is at $108,099 with an intraday loss of 2.24%, and in the same frame, it traded lowest at $104,841 and traded highest at $111,340.

Ethereum lost 4.05% of its price, reaching $2,556, and the trading volume was $24.21 billion, which is down by 7.87%, and the market capitalization is down by 4.06%.

Over the past few sessions, Bitcoin has shown a reversal sentiment surpassing its all-time high of $109k and has now established a fresh all time high just below the mark of $112k.

Many experts reported that the volume of buyers has been dominant, which has probably triggered bullishness in prices, over the past 48 to 72 hours Bitcoin has mirrored a massive trading volume with buyers in peak.

As per the data from CryptoQuant a well-known onchain analytics firm that the 90 day cumulative volume delta (CDV) has been favoring bulls.

Bitcoin is finding a new all-time high support 

According to data from TradingView, Bitcoin traded at $111,970, and its lowest traded price in the same time frame is $110,349. Its market cap was $2.2 trillion with a slight addition of 0.23%, and trading volume was $57.69 billion with a loss of 37.49%.

Bitcoin recently surpassed its all time high of $109k which was acquired in January this year. It is worth noting that the crypto market surged more than 50% in the past two months, marking few new milestones.

A crypto on X named as ‘Profit Mind’ says that, “ STO is currently consolidating inside the falling wedge on the 4H timeframe.” The post further adds, “ Buying pressure is increasing with volume showing signs of accumulation at support levels.”

According to data from Coinbase, when writing Bitcoin is trading above its 20, 50, 100 and 200 days exponential moving averages.

Bitcoin has been able to bounce back from its March 2025 lows and is now heading into the market’s bull run, this steep V-shaped rebound suggests that buyers are highly interested and that institutional accumulation may be planned.

Data on TradingView states that BTC added 5.64% to its prices in a week and in the monthly time frame it grew around 17.28% and the quarter it grew by more than 12%.

The relative strength index (14) was at 68.12 neutral, awesome oscillator 9,079.14, momentum (10) 4,872.55, and MACD level (12, 26) is 4,185.

With price being bullish, the market dominance of Bitcoin has reached 64.06% with a growth of 1.22% in a week and in the year- to -date time frame its dominance over the market grew by 10.45%.

The market cap of BTC is up by 4.12% and in one month the cap grew by 15.07%, and in the year to date time frame the cap added 16.04%.

Other than price moments, volatility and others something big is happening behind the curtains, as per a most recent news article of the Wall Street Journal big banks are reportedly in talks to issue a joint stablecoin.

It is worth noting that to date, companies involved in the talks are likely to be owned by big names such as JP Morgan Chase, Bank of America, Citigroup, including Wells Fargo.

Citing people familiar to the matter, WSJ said that other than these banks a few other commercial large scale banks are involved in the process.

Nevertheless the talk of stablecoin issuance is still in early phase yet the final decision over the same will be based on regulatory environment and adoption rate of the stablecoins.

On May 20, the US Senate passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which regulates stablecoins, 66-32.  

This bill requires adherence to anti-money laundering regulations and provides a legislative framework for collateralizing stablecoins. There will now be a Senate floor discussion on the measure

Stablecoins are becoming the base of an evolving financial ecosystem  

Over time, stablecoins have continued to prove their relevance and especially in cross-border payments and other similar methods. Nowadays, USDT is one of the most popular stablecoins, which is also one of the most traded stablecoins and cryptocurrencies in the market.

Experts argue that the concept of development of the Central Bank Digital Currency has also been mimicked by the functioning of stablecoins, yet the feature of decentralization makes them different from CBDC.

Per the archive data in between 2016 to 2017, the stablecoin market cap was below $5 billion, a significant boost has been observed after the completion of 2017. 

Also the global pandemic has helped stablecoins to reach broader masses, in 2020 the market cap was recorded at $20 billion followed by $130 billion in 2021.

When writing, the stablecoins market was $249,701,276,995 which grew by more than 10% in the past few months. At the same time the trading volume of all stablecoins was $143,145,531,258 which is down by 23.37% in intraday time frame.

Both in terms of volume and market cap USDT stands firms followed by USDC, DAI, Ethena USDe, World Liberty Finance USD, First Digital USD and PayPal USD.

A quick brief of crypto market prices

When writing, the crypto market was at $3.53 trillion with a surge of 0.89% in the past 24 hours, and the crypto fear and greed index has continued to move towards higher numbers, now at 76, indicating the surging greed in the market.

Bitcoin is currently trading at $110,968 with an intraday addition of 0.14% and in the last 7 days it added 6.99%.

According to data from CoinMarketCap, the intraday gainers list has been topped by Worldcoin followed by Hyperliquid, Jupiter, Four, ZCash and Bonk.

The self-proclaimed pro-crypto and the president of the United States, Donald Trump, is now slammed with allegations of committing corruption in crypto.

According to a report from The Independent, around a 100 protesters gathered outside Trump’s golf course in Virginia, with holdings signs with different slogans.

The spot has been reporting that the cost of this dinner party is organized using $1.5 million, and the guest in the dinner was Mr. Trump with top holders in his cryptocurrency ‘ Official Trump’ which was launched after he became president for the 2nd time.

What is Trump’s high-profile dinner controversy? 

Over the past few weeks the Trump dinner became the centre of the crypto market and in this frame it has been reported several times that speculative activities have been observed in the volume of Trump tokens after the announcement of dinner.

More than 200 global investors attended the event, including a crypto billionaire who was sued by the SEC, a former poker player who is now a crypto entrepreneur, and others. 

However, on May 22, 2025, the protesters’ chants of “shame, shame, shame” were heard outside the venue of the dinner. 

Senators Chris Murphy, Adam Schiff, and Elizabeth Warren were among the Democrats who criticized the event, with Murphy referring to it as the “most brazenly corrupt thing a President has ever done.”  

They claimed that by giving affluent investors exclusive access to the president, it eroded public confidence and would have an impact on the U.S.

Why is Mr. President criticized for his crypto embrace?

As we know, Donald Trump has now served his 2nd term as President of the United States; in his election campaigns in 2024, he openly talked about crypto and argued to provide a better framework for digital assets.

It is worth noting that after he assumed office he has signed several orders to embrace crypto and has also signed orders to halt operations for CBDC. 

Most recently, World Liberty Finance, owned by the Trump family has joined hands with the crypto council of Pakistan, the deal was largely criticized in global crypto market.

$TRUMP token price brief 

According to data from CoinMarketCap, the Official Trump token has lost around 6.50% of its price in the past 24 hours, reaching $13.69.

Source: CoinMarketCap

A few hours after the dinner party the Trump token market capitalization fell to $2.73 billion with a loss of 5.55% and the protest is claimed to have initiated the selling sentiment which dragged the trading by 53.42% and has reached $2.73 billion.

Despite this intraday decline, the memecoin grew 6.20% in a week and grew more than 48% in the past 30 days. 

Diving deep in total holders it has been noted that on May 22 TRUMP token total holders were 638,402 which fell to 638,157 which means around 245 holders have exited. 

Similarly, on May 20 total number of holders was 639,590, which fell to 638,843, indicating a 432 loss of interest in this memecoin.

As per data available on Solscan(dot)io, the token transfer over the session has surged and the value is approaching a new high. The token transfer surged steadily in the past 7 days, on May 16 the transfer was under 90k, but by May 22 this number had grown to 200k .

Crypto market price updates 

When writing, the crypto market was at $3.58 trillion with a slight surge of 0.57%, yet the fear and greed index continues to move towards greed and has reached 76.

Bitcoin has been constantly sitting on $110k and most recently it marked a new all time high just below $112k, with changing market sentiment, experts sees BTC to $125k in coming sessions.

In an X post, Cetus confirmed that it has suffered a loss of $223 million from the protocol, and further wrote that the majority of impacted funds have been paused and the team is working actively on the issue.

Following this hack, Cetus negotiated asking hackers to return the stolen amount while keeping $6 million. 

In the most recent X post, the hacked Protocol noted that it has identified the hacker’s Ethereum wallet and made a ‘whitehat settlement’ to recover the stolen amount.

Dear Sui community, thank you for your patience while our team works on the incident investigation and resolution. Since taking the actions indicated in our previous announcement, we have also done the following:1. We engaged the broader ecosystem, Sui team, and related… https://t.co/Gs1EWXZ6AD

— Cetus (@CetusProtocol) May 22, 2025

Terming this offer as time sensitive, Cetus said it might end if the funds are ramped off or mixed. Nowadays, mixing cryptocurrencies after looting has become one of the most convenient ways to obscure being tracked.

The post also notes, “ We identified the root cause of the exploit and  fixed the related package, and informed ecosystem builders as fast as we could with help from ecosystem members to prevent other teams from  being affected.”

It is worth noting that Cetus is engaged with an anti-cybercrime organization to support their fund tracking and is negotiating a deal with the hackers to return the stolen funds.

A quick brief of the Cetus Protocol

Cetus is a decentralisation exchange and concentrated liquidity protocol based on SUI and the Aptos blockchain. It utilizes its CLMM model, which is inspired by Uniswap V3 and similar others. 

By leveraging CLMM (Concentrated Liquidity Market Maker), Cetus enables more precise trading and higher returns for liquidity providers, making it a compelling option for DeFi participants seeking an optimized trading experience.

With the help of the Wormhole SDK, Cetus integrates a cross-chain bridging interface that makes it easy to move assets between more than 20 blockchains, such as Ethereum, Binance Smart Chain, and Solana.

How was the Cetus Protocol hacked? 

According to available information, Cetus Protocol was hacked after bad actors succeeded in targeting a vulnerability in the Cetus smart contract, especially within CLMM.

It is crucial to note that hackers used spoof tokens such as BULLA to exploit flaws in pricing and reserve calculation logic. This helped them to drain a substantial amount of real assets, including SUI and USDC, with a few others.

The preliminary investigations suggest the theft was caused not by a traditional smart contract but rather the failure to validate tokens added to pools, which allowed the spoof tokens to disrupt the price mechanism.

Crypto market price updates 

Until publishing, the crypto market was at $3.57 trillion, and the crypto fear and greed index was at 76, indicating greed. 

Bitcoin seems to be stuck at $110k, and when writing, it was exchanging hands at $110,406. Over the weeks, its prices have shown a greater bullish momentum with helping it to establish its all-time high just below the $112k mark.

Ethereum is trading at $2,659 with an intraday addition of 1.40%. At the same time, it traded at its highest of $2,731 and lowest of $2,606.

With a continued approach towards $110,000 over the last few weeks Bitcoin has now made a milestone after acquiring an all time high at $111,861, and following this spike experts are now predicting an ATH somewhere near to $125k.

However, the expected surge in Bitcoin price came after it managed billions in fresh inflow, and the price saw an addition of 25% in the past 30 days.

It is worth noting that BTC trading volume seems to be rushing towards $100 billion and as of publishing it was $92.18 billion with an addition of 70.54%.

Will Bitcoin acquire a fresh ATH above $125k? 

The prediction by Standard Chartered says that Bitcoin is expected to reach $125k by the end of this year, and another forecast argues that it is expected to reach near to the mark of $123k.

Source: TradingView

BTC succeeded in maintaining a clear upward trajectory, since early May, breaking through resistance levels near $100,000 and $105,000, and now hanging above $110,000.

The price action confirms a bullish pattern with consistent higher highs and higher lows, Bitcoin broke out of a tight range between May 5–15.

Bitcoin is currently creating a new support base at $110k after decisively overcoming psychological resistance above the $100K mark. 

The following reasonable technical resistance is $125,000 if the current bullish momentum continues it could soon bypass the estimates.

In YTD time frame price action of Bitcoin showcases a decisive uptrend , after a multi-month consolidation phase between $80k and $95k, it broke out in early May with strong volume support. Currently, it is trading well above all EMAs, including the 20-day, 50-day, 100-day, and 200-day.

The bullish optimism has been strengthened by the recent formation of a “golden cross,” which signals the start of prolonged upward rallies which take place when the 50-day EMA crosses above the 200-day EMA.

Bitcoin halving that took place is known as the end, which always fuels the prices and even after 12 to 18 months of the event the prices are constantly approaching higher highs.

The launch and popularity of Bitcoin ETFs have drawn billions of dollars in assets under management, Bitcoin has gained legitimacy as a popular investment vehicle.

The changing stances for Bitcoin globally are expected to set a new path with more surprises in the near future. It is important to understand that its popularity among institutional investors has sparked a fresh motivation towards a new mark.

Despite many voices favoring bullish sentiments, some remain bearish and say it might fall to $80k in the next few sessions.

As per the most recent report by licensed cryptocurrency firm Independent Reserve said that almost everyone in Singapore is aware of crypto, but a very few have been driving it.

Now 29% of the population of Singapore is holding crypto, yet the number was 40% in the previous year. It is crucial to note now 94% of the total surveyed population is aware about digital assets.

The report quotes, “ Bitcoin maintains its dominance, with 91% of Singaporeans aware of it, representing a significant 9 percentage points (pp) jump from 2024, followed by Ethereum, which has had similar growth in awareness, now at 54%.” 

At the same time, the report also notes that, “ 33% of Singapore respondents viewed Donald Trump as positive for crypto compared to 19% who are pessimistic or somewhat pessimistic. There is, however, a clear divide between those who already invest in crypto and those who do not, with 62% of crypto investors compared to 22% of non-crypto investors expressing greater optimism.”

Findings of the 1,500 respondent report by Independent Reserve 

From the total surveyed people in Singapore, around 77% believe that Bitcoin will reach $100,000 by 2030, however, it is worth noting that BTC is currently exchanging hands at $110,000 with a massive monthly surge of more than 8%.

And from all crypto investors in Singapore, around 28% hold memecoins and 57% of the investors are confident of mainstream adoption. 

On the other hand, some reports say that the revenue of the Singaporean crypto market is expected to reach $229.4 million in 2025, and exchanges and other crypto service providers must apply for licenses under the Payment Services Act of 2019 from the Monetary Authority of Singapore. 

With $627 million in funding across 88 deals for cryptocurrency startups in 2023, down from $1.2 billion in 2022, Singapore’s crypto-friendly climate has drawn substantial investment.  

Indirectly increasing tax income through corporate taxes, employment, and associated fintech growth, this stimulates economic activity. Second only to digital payments, blockchain and web3 firms account for a sizable portion of Singapore’s fintech industry.

Crypto market price updates 

Until publishing, the crypto market was at $3.57 trillion with a surge of 4.41%, and the trading volume grew by more than 20%, reaching $200 billion.

At the same time, the crypto fear and greed index was at 73 indicating greed in the market with Bitcoin trading at $110,855 with a growth of 4.20% in the past 24 hours.

The intraday loser list has been topped by DeXe, KuCoin token and PAX Gold, similarly the gainers are SPX6900 followed by Fartcoin, Dogwifhat, Hyperliquid, THORchain, Worldcoin and Brett.

A Court in New York has found Braden John Karony the former Chief Executive Officer of Safemoon guilty of all criminal charges against him including charges of fooling investors, stealing money through online fraud and hiding the stolen funds.

According to data from the Department of Justice of the United States, Karony and his team have tricked people into investing in Safemoon by providing false information.

It is worth noting that the gathered money was used for managing personal expenses including buying custom trucks, sports cars, houses and a few others.

Joseph Nocella, a U.S attorney, said, “As proven at trial, the SafeMoon digital asset was anything but safe and turned out to be pie in the sky for investors who were deliberately misled by Karony. Karony used his scheme to purchase multiple homes, sports cars, custom trucks, and other luxury goods.” 

According to data from CoinMarketCap, Safemoon V2 has lost  5.08% of its trading prices in the past 24 hours and reached $0.00001811 and in the weekly frame it is down by 14.31%.

It is important to note that despite claims of a locked liquidity pool of Safemoon, Karony, with the help of Thomas Smith and Kyle Nagy, has accessed these liquidity pools.

From the total gained $9 million Karony, has used $2.2 million to buy a house in Utah, and has also bought 2 luxury-class audi, a Tesla and a custom truck.

Safemoon controversy explained 

Safemoon a known crypto-based company following the claims and arguments over fraud, mismanagement, and deceptive practices. 

The legal action first came when the Securities and Exchange Commission of the United States charged Safemoon and its founders with the Chief Technical Officer with frauds, unregistered securities offering, and money laundering.

Charged officials of SafeMoon were accused of Manipulating the market by using misappropriate funds to prop up the prices of the token through massive buying and wash trading.

From March to April 2021, SafeMoon’s price increased by more than 55,000%, reaching a market valuation of $5.7–$17 billion, majorly driven by celebrity endorsements from people like Lil Yachty, Nick Carter, Jake Paul, and others.

Experts argue that, in the initial phase Safemoon promised many innovative features including static rewards, a self-sustaining pool, but when launched it was having no real world usage.

Also in March 2023, Safemoon was hacked for $9 million, yet following the breach, the hackers returned the rest, keeping $2 million.

Crypto market price updates 

Until publishing the crypto market cap was $3.49 trillion with an increase of 3.97% and the crypto fear and greed index had reached 73 which was 68 the day earlier.

Bitcoin is now trading at $110,492 with an increase of 3.80% in the intraday frame and Ethereum added 5.51% reaching $2,675 and XRP surged more than 4.60% reaching $2.44.

The intraday gainers list has been ruled by SPX6900, which added 24.98% reaching $0.9190 followed by Dogwifhat, Hyperliquid, Fartcoin, Brett, Worldcoin and Pudgy Penguins.

Pakistan has now created a dedicated body to regulate blockchain-based infrastructure in the nation. The move follows the acquisition of a deal with World Liberty Finance, reportedly owned by the family of the U.S. president.

It is worth noting that the Pakistan Digital Asset Authority will lead the operations, including the licensing process, tokenized platforms, stablecoins, and decentralized applications.

While talking to PTV, Muhammad Aurangzeb, the federal finance minister, said that “ Pakistan must regulate not to catch up but to lead the industry.” 

He quotes, “ With the PDAA, we are creating a future-ready framework that protects consumers, invites global investment, and puts Pakistan at the forefront of financial innovation.”

The Pakistan Digital Asset Authority will be assigned the task of tokenizing national assets and government debt. It will also help the nation tokenize surplus electricity for Bitcoin mining and help startups establish their operations at scale.

It is largely argued that the formation of the Pakistan Digital Asset Authority is the recommendation of the same Cryptocurrency Council founded in March this year, and has the former Chief Executive Officer of Binance.

Following this development, the CEO of Pakistan crypto council, Bilal Bin Saqib, said, “ This is not just about crypto — it’s about rewriting our financial future, expanding access, and creating new export channels through tokenization, digital finance, and Web3 innovation.” 

Pakistan boosts its crypto development after U.S favoritism

The digital asset market of Pakistan came in media reports after it founded the Crypto Council in March 2025, and the joining of Changpeng Zhao as an advisor clearly shows U.S interest in the market of Pakistan.

Most recently, the Pakistan Crypto Council made a headline by joining hands with World Liberty Finance, which came into existence after Donald Trump returned to the White House for the 2nd time.

Geopolitical experts argue that by helping Pakistan, the United States is trying to make a way for its own benefits, and will be leveraging the fastest-developing market as a tool.

It is speculated that the crypto council of Pakistan is in talks with several Bitcoin mining companies to collaborate and let them use the surplus amount of electricity produced in the nation.

Some media reports, the CEO of Pakistan Crypto Council has recently met with Malaysian Foreign Ministers to discuss collaborative opportunities in blockchain and digital assets.

Pakistan’s transition from regulatory ambiguity to aggressive adoption of digital finance is seen in the PCC’s quick interaction with international companies such as Binance, WLF, and prospective mining firms.  Pakistan has one of the highest rates of crypto adoption in the world, with over 25 million active users and $300 billion in yearly transactions.  

These partnerships seek to draw in international investment and promote innovation by utilizing Pakistan’s youthful population, excess electricity, and expanding digital economy.  

Issues like energy stability, regulatory clarity, and the dangers of illegal exploitation of digital assets continue to be worries.

Hwang Jung-eum, a known South Korean actress, has been removed from a commercial and a television broadcast after admitting the allegations of embezzlement of $3 million in cryptocurrencies from her own agency.

In a Court appearance earlier this week Hwang Jung appeared in Jeju District Court where she admitted to misappropriating W4.34 billion from the agency she owns.

The media industry sensation, Hwang, has been charged under the Aggravated Punishment of specific crime in South Korea.

Following this, SBS Plus announced that Hwang footage has been cut from the final reality show, ‘Because I’m Single.’ 

In a public apology, Hwang said, “ I sincerely apologize for causing concern. I made the investment in hopes of growing the company, but it was a hasty and immature decision.” 

The money that Hwang is accused actually belongs to her

The lawyer of Hwang said the money she is accused of actually being from her own earnings from the entertainment industry, further said that the crypto where held by her as the rules of the company restrict owning cryptocurrencies.

Her lawyer quoted, “ Since the company made money from her work, it really belongs to her.” The actress has sold some of her crypto holdings and is still planning to sell more property to pay the rest of the money.

The next hearing will be in August this year and despite this tussle she has been battling with a public divorce and trying hard to return to the industry.

Over the time celebrity and internet sensation has continued to embrace crypto and with this they had also faced severe allegations of committed frauds and scams.

Some foreign celebrities such as Mr.Beast and Kendra Lust, Soulja Boy, and Lil Yatchy. On the other hands, moguls like Michael Saylor and Cathie Wood has been criticised largely for their pro-crypto stance.

Crypto market price updates 

With a bullish sentiment over weeks crypto market has continued to grow and when writing the market capitalization was $3.34 trillion with a surge of 3.01% in past 24 hours and the trading volume is $124.09 billion.

At the same time crypto fear and greed index was at 69 indicating a greed in the wider market and Bitcoin has been constantly trying to surpass the milestone of $109k as of writing it was trading at $105,211.

Ethereum grew around 5.21% reaching $2,521 and its market cap has added 5.32% in the intraday time frame.

According to the data from CoinMarketCap the intraday gainers list has been ruled by Aave which added 19.16% reaching $262.62 followed by Pendle and Maker including others.

Once again, the Supreme Court of India has asked the Central Government why it hasn’t created a clear set of rules to regulate cryptocurrency in the nation. The argument came during a hearing of a case over crypto fraud.

A bench of Justice Surya Kant and N Kotiswar Singh noted that unregulated Bitcoin was ‘nothing but a more polished form of hawala.” 

The panel said, the parallel functioning of the crypto market while impacting the Indian economy and formation of a proper set of rules are expected to reduce the risk and misuses of the crypto.

On Monday, the court asked, “ Why does Centre not come out with a clear-cut policy on regulating cryptocurrency?” and “ There is a parallel under-market for it and it can affect the economy. By regulating the cryptocurrency, you can keep an eye on the trade.”

Will banning crypto help India’s economy to grow? 

India’s stance on crypto will probably affect the growth of the Indian economy, but the Supreme Court argued that regulating digital assets will probably help India.

The unlawful money transfer practice known as hawala makes it difficult for authorities to track the amount sent because the sender avoids banks and other conventional money transmission methods.

The Supreme Court observed, “ Nobody is saying to stop it, because wouldn’t not be wise for the economy.” Furthermore it’s added, “ Banning may be shutting your eyes from ground reality. But what about regulating it?”

The X post by Bar and Bench dated May 19 notes a statement of Justice Kant, ‘ we aren’t experts. Experts would  examine it, but some steps to regulate it and keep an eye on it(is necessary.’

Experts argue that India is one of the biggest markets for crypto in the world, with the topper of the adoption listed for the 2nd time in 2024.

The Indian crypto market is expected to develop at a compound annual growth rate of 18.48% from 2025 to 2033, from its 2024 valuation of $2.6 billion to $13.9 billion. According to a different projection, the market might reach $6.4 billion by 2025, with 107.3 million users and a 7.35% penetration rate. 

The market for crypto exchange platforms was valued at $1,312.3 million in 2023 and is expected to grow at a CAGR of 28.3% to reach $7,500.3 million by 2030.

Crypto market price updates 

Until publishing the crypto market was at $3.34 trillion with an intraday addition of 3.01% and the trading volume had reached $127.08 billion, at the same time crypto fear and greed index was at 68.

Major crypto such as Bitcoin, Ethereum, Solana, XRP and Dogecoin remain bullish and Aave, Pendle, Curve DAO token, Bittensor, Kapsa, Maker and Virtual Protocol also got the position in this.

Bitcoin is exchanging hands at $105, 321 with a surge growth of 2.10% and its market capitalization to be approaching $2.20 trillion, but is currently at $2.09 trillion.

DigiAsia Corp Nasdaq listed company’s stock added 91.02% to its price in the past 24 hours and is now trading at $0.36. It is said that the addition in stock prices of DigiAsia has been observed following the company’s announcement to raise $100 million to buy Bitcoin.

As per information dated May 19, 2025, DigiAsia Group of directors approved creating a Bitcoin ‘treasury reserve’ and further quotes, “ committing up to 50% of any net profits generated to fund the acquisition of BTC.”

It is worth noting the money used will be used to fund Bitcoin buying further these BTC will be used for staking, lending and other similar use cases to earn yield.

DigiAsia quotes that it has , “initiated discussion with regulated partners,” for its Bitcoin yield earning strategy and managing its overall holdings.

Publicly listed companies inclining towards Bitcoin buying

Over time, several publicly listed companies have embraced Bitcoin, and companies like Strategy (earlier MicroStrategy) and Metaplanet have invested millions and billions in BTC.

MicroStrategy started purchasing in 2020 and added 6,911 BTC in March 2025 and 15,400 BTC in December 2024. With a 94.58% stock increase in Q4 2024, it is regarded as a Bitcoin stand-in.

According to Google Finance, NASDAQ:FAAS stock prices are up by 72.84% in the weekly time frame, yet in the year-to-date time frame the prices are down 62%.

The initial resistance of DigiAsia stock is $0.3650 and $0.4313 and on other hand its support is $0.1914 followed by $0.1504 and $0.0841.

Growing institutional interest in Bitcoin is driving the spike, which indicates high market enthusiasm for DigiAsia’s Bitcoin strategy. However, the after-hours decline points to some investor nervousness.  

The company’s 2024 revenue is $101 million, and in 2025, it is expected to expand by 24% to $125 million. The substantial year-to-date loss in the stock and the speculative nature of Bitcoin investments serve as a reminder to investors of the extreme volatility and dangers involved in such crypto-focused strategies.

Crypto market price updates 

Until publishing the crypto market was at $3.34 trillion, with a surge of the crypto fear and greed index was at 68 indicating greed in the market.

Bitcoin is exchanging hands at $105,331 with a surge of 2.02% in the past 24 hours, and its market capitalization has reached $2.09 trillion with an addition of 2.04%. 

Ethereum is still at $2,528 with intraday surge of 5.03% and market cap is $305.63 million with a growth 5.04%. It failed to break the mark of $2,600 in the past 24 hours.

According to a filing dated May 19, 2025, the SEC will ‘institute proceedings’ to determine whether the exchange-traded funds meet regulatory standards. This process enables the commission to review periods and provides a window for public comment.

The fresh proceeding doesn’t mean that the SEC has either rejected or approved the exchange-traded funds; it simply means the commission is requiring more time to review the proposal thoroughly and invite public opinion.

Experts term this delay as a part of a process that is followed by the regulatory commission to take more time to review the proposal for any final decisions.

One of the major ETF delays is the Solana ETF filed by Bitwise, which aims to create a fund that could directly hold SOL. Bitwise’s application for the Solana ETF was first filed in January under the brand name of Cboe BZX Exchange.

Other than Bitwise, there are a few companies that have also filed their application for Solana spot ETF with the Securities and Exchange Commission of the United States.

Even after a massive circulating supply with popularity in the wider crypto market, Solana spot ETFs are still unapproved by any of the regulators in the United States.

A quick brief of Solana prices, volume, and market cap 

According to data from CoinMarketCap, when writing, Solana was trading at $168.65 with an intraday surge of 4.98%, but in a week, its price is down by 1.44%.

The spike in the past 24 hours has once again dragged the prices of Solana above its 20, 50, 100, and 200-day exponential moving averages, but data on TradingView notes that its price fell 28% in the past 6 months and is down by 11.23% in the year-to-date time frame.

Experts mark $171.02 and $195.54 as some nearest resistance; on the other hand, Solana’s support is $109 and $95. In the past 24 hours, SOL’s market capitalization grew by $618.71 million, reaching $87.4 billion. A massive growth of 20.79% has been observed in the past 30 days and 5.72% in a quarter.

Despite bullish momentum in prices and market capitalization, the market dominance of Solana has reached 2.66% with a loss of 4.24% in a week and 7.22% since the beginning of this year.

Crypto market price updates 

Until publishing, the crypto market cap was $3.34 trillion with a surge of 3.34%, and the crypto fear and greed index was 68, indicating a faded greediness.

Bitcoin is exchanging hands at $105,617 with a surge of 3.34% in the past 24 hours. The trading volume fell nearly 8.68% to $55.82 billion, and the market capitalization has reached $2.09 trillion with a surge of 2.95%.

The intraday gainers list has been ruled by Aave, followed by Pendle, Curve DAO token, Virtual Protocol, Maker, Render, and Chainlink.

Panama City Mayor Mayer Mirachi recently met with two Bitcoin policy leaders from El Salvador. Following his meeting, he wrote in his X ‘Bitcoin Reserve ’, which experts now see as evidence that the city might soon get its Bitcoin reserve.

Bitcoin Reserve

— Mayer Mizrachi (@Mayer) May 16, 2025

After he meets with Max Keiser and Stacy Herbert, it is worth noting that the post comes just 2 weeks before the Bitcoin 2025 conference in Las Vegas.

Mirachi will speak about Bitcoin and related topics at the upcoming Bitcoin conference in Las Vegas. It is now speculated that crypto might get approval for public use, including taxes and fines, among other things. 

Bitcoin, Ethereum, USDC, and USDT are expected to get initial recognition in Panama City. According to facts, the city is a financial hub in Latin America, and it acts as a bridge between North America and South America.

Crypto is now heavily embraced by the governments

Over the months, it has been noted that a few cities and States came to the forefront for structuring their Bitcoin Strategies Reserve, and in the U.S., the trend has shifted as the serving president is considered a pro-crypto president.

Yet, in the list of legalization and recognition, El Salvador remains at the top and is followed by a Bitcoin buying strategy for the past few years.

Under the Trump administration, the United States has made important progress by utilizing seized crypto such as Bitcoin, Ether, XRP, Solana, and Cardano. Executive orders issued in January and March 2025 created a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile.  

These actions are intended to establish the United States as a “crypto capital,” with regulations that promote banking access for crypto companies and regulatory clarity. 

As an indication of mainstream integration, the Office of the Comptroller of the Currency now permits banks to purchase, sell, and hold cryptocurrency.  But legislative

A comprehensive structure for digital assets, including stablecoins, is provided under the EU’s Markets in Crypto-Assets (MiCA) regulation, which goes into force in 2025.  

Integrating crypto with consumer safeguards into the financial system is a sensible step, even though it isn’t a direct endorsement.  In an effort to demonstrate its openness to blockchain-based currencies, the EU is also testing a digital euro.

In India crypto industry is a gray area, although trading is permitted, but it is not accepted as legal tender.  A 1% TDS on transactions over ₹50k and a 30% tax on crypto earnings indicate strict control.  The Reserve Bank of India, which prioritizes its own digital rupee, is still dubious.

Crypto market price updates 

When writing, the crypto market was at $3.29 trillion with a decline of 1.40%; At the same time, the crypto fear and greed index was at 68, still indicating greed.

Bitcoin has been trading at $103,489 with a loss of 0.48% in the 24-hour time frame. The trading volume was $44.14 billion with a loss of 14.49%.

Token2049 held in Dubai on April 30,2025 and May 01, 2025 has brought many gifts for the crypto market, and on May 01, the partnership of Ethena and The Open Network came into the spotlight. 

As per available information, Ethena the decentralized stablecoins platform has joined hands with the TON network to broaden its usage case and make the stablecoin available to the wider user base of Telegram.

It is worth noting that with this alliance, the Ethena USDe and Ethena Staked USDe will be available for the user on the TON blockchain.

The Ethena Staked USDe will be listed under the name of tsUSDe, helping users of Telegram to directly access United States dollar-denominated savings directly with the Telegram.

Ethena eyeing a bigger spot in the stablecoin category

According to an X post by Ethena dated May 01, 2025, notes that, “Today we announce our partnership with the TON blockchain to power finance’s most powerful use case.” 

Introducing the product for a billion people:Today we announce our partnership with @ton_blockchain to power finance's most powerful use case:To send, save and pay with a globally accessible dollarInternet money, now available for @Telegram's billion usersDetails below: pic.twitter.com/oFjUvVX1CN

— Ethena Labs (@ethena_labs) May 1, 2025

“This represents one of Ethena’s most meaningful launches to date. Telegram has truly global distribution across its billion users, with presence in emerging economies in regions like Asia, Africa, and Latin America,” the post notes.

The following threat of Ethena reads, “Users within these countries can now all benefit from a globally accessible dollar savings vehicle via Ethena’s USDe right within their Telegram app.”

Three major developments in May that are expected to take place are first, all of the main non-custodial TON wallets will incorporate Ethena.  

This would facilitate the safe management and usage of cryptocurrency by enabling users of wallets like TON Space, Tonkeeper, and MyTonWallet to utilize Ethena’s capabilities from within their applications.

In the custodial Telegram Wallet, Ethena is being introduced.  Through this connection, Ethena’s services will be available to millions of Telegram users directly within the app, thus increasing the accessibility and use of cryptocurrency.  

On TON, Ethena will be included in important DeFi applications. This will make advanced use cases possible, including Ethena-powered lending, savings, and cryptocurrency trading. 

Ethena and the TON Foundation will provide further details when each stage of these integrations’ phased debut in May comes to fruition.

Stablecoin market overview

Over the past few years, the stablecoin market has seen tremendous growth, as the popularity of cryptocurrencies continues to grow, stablecoins have become the cornerstone of the digital asset market.

Until publishing, the stablecoin market cap was $239 billion, and the trading volume is $79,550,610,059, with a surge of 19.92% in the past 24 hours.

In terms of dominance, volume, and market capitalization, USDT stands at the top, followed by USDC, DAI, and USDe. 

Virtual Protocol (VIRTUAL) grew more than 23.99% and as of writing, it was $1.61, and in the past 24 hours, its market capitalization grew 24.02%, reaching $1.05 billion, and intraday trading volume reached $546.38 million. 

According to data from CoinMarketCap, the price grew by over 137.65% in the past 7 days, and in the monthly time frame, its price grew by 169.67%. In the monthly time frame, VIRTUAL traded highest at $1.68 and lowest traded at $0.4247.

Source: CoinMarketCap What is pulling Virtual Protocol prices to the sky?

Over the past few sessions the prices of VIRTUAL have reflected a back to back bounce, and it is believed that the spike noted in the prices are solely fueled after the finalization of the list of panelists at TOKEN2049 Dubai.

TOKEN2049 Dubai is an international crypto conference that is solely hosted for the crypto ecosystem. The panelists will include big names like Changpeng Zhao, the founder of Binance, Balaji Srinivasa, Raoul Pal, Arthur Hayes, Star XU, Richard Teng, and Eric Trump.

It is worth noting that, Jansen Teng the Chief Executive Officer and Co founder of Virtual Protocol will be speaking over “Autonomous Agents: When AI Wallets Outnumber Humans,” the session will be entirely based on the intersection of AI and blockchain.

In the past 30 days, the market cap of Virtual Protocol has reached a new high. On April 14, 2025, the cap was $361.26 million, and when writing, it was above the mark of $1 billion.

According to data from CoinMarketCap, Virtual Protocol highest traded at $5.07 on January 02, 2025 and it lowest traded at $0.007605 on January 24, 2024. 

As of writing, Virtual is trading above 20, 50, 100 and 200 days exponential moving average, but according to TradingView the price is at a loss of 57.12% in the year to date time frame.

Source: TradingView

Experts argue that if prices of Virtual continue to grow it is expected to cross the first resistance of $1.63 followed by next resistance of $1.91 and $2.36. Yet on the other hand the support is $0.72789 followed by $0.44800.

Crypto market price updates 

Until publishing the crypto market cap was $2.99 trillion with a slight correction of 0.72% and the market capitalization was $80.11 billion with a correction of 10.36%; at the same time crypto fear and greed index was at 51 determining neutrality in the wider market. 

Bitcoin is currently exchanging hands at $95,738 with a surge of 0.85%, and its market cap was $1.95 trillion, and trading volume was $29.93 billion with a surge of 17.87%.

Ethereum is still below the mark of $2,000 and is currently at $1,821 with a weekly surge of 4.57% in a week. The press time prices are above the 20-day exponential moving average but below 50, 100, and 200-day EMAs. 

 

The losses in the crypto market in April 2025 have grown by 1,163%, yet the stolen amount in March 2025 was $28.8 million. As per Certik, a major portion of the total stolen amount in the 4th month of 2025 is attributed to the theft that occurred with an individual from the United States who lost 3,520 Bitcoins. 

According to a X post by Certik dated April 30, 2025, total amount lost in April is $364 million from scams, frauds and hacks. In the same post the company noted that the total amount mentioned is excluding $18.2 million that has been returned.

It is worth noting that KiloEx, Loopscale, and ZKsync have collectively recovered $18.2 million in stolen funds with the help of white hat hackers. 

The 5th largest hack troubled April at Verge

ZachXBT informed in its April 28, 2025, X post that an individual in the United States has lost Bitcoin worth over $300 million in a social engineering scheme technique, and after the hack, a ripple effect was seen in the trading prices of Monera.

The theft of U.S individuals is termed as the 5th biggest and most prominent crypto wipeout. Certik’s detailed report notes that by category, phishing resulted in losses of $337,376,967, followed by access control $7,735,153, price manipulation $6,553,323, private key compromise $5,597,625, and code vulnerability amounting to $5,010,396. 

In April 2025, losses by type include social engineering, which resulted in losses of $336,015,814, followed by DeFi at $171,120,156, lending $7,461,614, address poisoning for $1,361,152, and GameFi with $51,848. 

It is worth noting that flash loan scams in crypto have grown in April compared to January, February and March of this year, total losses from flash scam in the just passed months was nearly $10 million.

Scams, hacks, and frauds hindered the  growth of Crypto

In April 2025, scams, hacks, and frauds probably had a mixed effect on the expansion of crypto, posing serious obstacles but not totally upending the sector’s course.

Crypto breaches caused $92 million in damages from 15 DeFi incidents in April 2025, a 124% rise from March, leading to a total of $1.74 billion stolen so far this year, which is four times more than the $420 million in 2024.

The cryptocurrency market has shown resilience in spite of losses. Exchanges frequently offer to reimburse consumers following significant attacks, such as the $1.4B Bybit vulnerability or the $305M DMM Bitcoin hack, minimizing long-term harm to confidence.  

Although they may delay it, frauds haven’t stopped the industry’s growth, as seen by its expected revenue rise to $343.5 million in 2024.

On April 28, it was reported that 3,520 BTC were stolen through a social engineering scheme. The theft of BTC created a ripple effect, after which the prices of Monera coin grew in just a few hours.

It is worth noting that the stolen Bitcoin was rapidly funneled using hundreds of wallets, and around 20 exchanges were involved in laundering the stolen funds.

According to a X post from ZachXBT dated April 28, 2025, “ Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M).”

The theft address- bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g

According to data from CoinMarketCap, as of writing, Monera was exchanging hands at $280 with a surge of 1.40% in the past hours, and an unprecedented surge of 24.02% has been noted in the past 8 days.

Monera is up due to renewed interest or laundering activity behind 

The post further notes that, “ Shortly after the funds began to be laundered via 6+ instant exchanges and were swapped for XMR, causing the XMR price to spike 50%.” 

ZachXBT also said the entire amount of Bitcoin was stolen from an elderly citizen of the United States. 

While writing, the data available on CoinGlass notes that the volume of XMR/USD on Kraken grew 365.24%, reaching $28.50 million, and the volume of XMR/USDT is up by 12.58% in the past seven days, reaching $6.90 million.

In the past 7 days, the net inflow of XMR/USD has reached $428.01k, and the inflow of XMR/USDT has reached $35.97k.

The volume of Monera derivatives has fallen 27.17%, reaching $61.75 million, and open interest is $28.62 million with a loss of -4.39%. 

However, at the same time, the intraday volume of Monera has continued to fall on major exchanges like Binance, Bybit, WhiteBIT, MEXC, dYdX, CoinEx, Kraken, and HTX. 

At the same time, the future open interest on Monera on Bybit is $11.23 million, Binance has $10.78 million, MEXC has $2.83 million, WhiteBIT has $1.36 million, Kraken has $1.02 million, and CoinEx has $688.08k.

Crypto market price updates 

Until publishing, the crypto market cap was $2.96 trillion with a slight loss of 0.05%, and in the past 24 hours, the volume grew by 6.78%, reaching $79.88 billion.

The crypto fear and greed index is at 51, determining neutrality in the market, with Bitcoin exchanging hands at $94,878 and Ethereum still trading below $2,000 at $1,807. 25. 

In the past 24 the intraday gainers list has been ruled by Virtuals Protocol, Fartcoin, Curve DAO Token, Hyperliquid, BRETT, and Dogwifhat, including others.

The hype of crypto ETF doesn’t seem to be cooling, and every day there are fresh arguments and claims over the approval of spot ETFs has been floating in the market. As per the recent projection of Bloomberg analysts Eric Balchunas and James Seyffart the ETF pending under SEC has higher chances of approval.

Eric Balchunas’s X post dated April 30, 2025, writes, “ Would love to hear directly from Atkins, but all good chance of happening.” The spot ETF of Litecoin, Solana, and crypto baskets/indexes has the highest chance of approval in the ongoing year.

Litecoin, Solana, and Basket/Index have 90% chances, with XRP having an 85% chance of approval, Dogecoin 80%, Cardano 75%, Polkadot having 75%, HBAR standing at 80%, and Avalanche at 75%.

Crypto ETF market to reach a new high by 2025 end

In the ongoing year, crypto ETFs that are already in the market have shown mixed sentiments, but it is widely said that by the end of this year, the entire ETF category is expected to become double or triple the current value. 

Issuers such as Bitwise, VanEck, and 21Shares have applications pending and are seeking SEC clearance. In 2024, filings were made, but as of right now, no permissions have been given.  

The goal of Spot Solana ETFs is to follow the price of SOL, the Solana blockchain’s native cryptocurrency.  If authorized, JPMorgan projects possible inflows of $3–6 billion.

The most probable ETFs to be approved in 2025 are Solana and XRP ETFs, maybe by Q3, followed by index and combination ETFs.  Cardano and Polkadot, two more altcoin ETFs, are farther distant, maybe by the end of 2025.  

Because clearance times depend on regulatory changes, investors should keep a careful eye on SEC statements and legislative events.  Always seek financial advice and do extensive study before purchasing these unregulated, high-risk items.

Bitcoin spot ETF updates

At the time of writing, the total volume of Bitcoin spot ETFs was $2.10 billion, and the market cap was $112.53 billion and AUM was $112.85 billion. In terms of BTC holdings IBIT by BlackRock stands at the top of the list with 601.21k BTC, FBTC holds 200.87k, GBTC has 190.73k. 

Since April 21, 2025 till writing the inflow has impressed the investors with around $912.70 million on April 22 and on April 25 the inflow was $917 million. 

On April 29, 2025, the inflow was $172.80 million and was mainly contributed by IBIT; the iShare Bitcoin Trust by BlackRock has gained huge traction since its launch and is now one of the most popular and traded Bitcoin ETFs in the market.

Trump Media & Technology Group a company headquartered in Sarasota, Florida has is planning to integrate a crypto token and a wallet in Truth+ ecosystem. According to the available data Truth+ is a video streaming site offering extra advanced features to its users.

A letter written by Devin Nunes, the Chief Executive Officer of Trump Media to the shareholder on April 29, notes that the firm is keenly working to launch a utility token with a Trust digital wallet.

The utility token will act as the backbone, and Devin quotes in the letter, “ We’re exploring the introduction of a utility token within a Truth digital wallet that can initially be used to pay for Truth+ subscription costs, and later be applied to other products and services in the Truth ecosphere.” 

Trump Media has shown a active penetration towards crypto and as per some archive reports it has filed with the U.S patent and Trademark Office. 

The letter further reads that, “ In the near future, we plan to offer premium features on the Truth Social platform to subscribers of our Truth+ streaming service- we anticipate that all subscribers will automatically become verified Truth Social users with a red check badge and a Truth+ badge.” 

The first two Truth. Fi products are slates of customized exchange-traded funds (ETFs) and separately managed accounts (SMAs), both of which are expected to be launched in 2025.  

With an America-First theme, both products will highlight a wide range of businesses in various industries. The ETFs will provide both conventional stocks and crypto. 

In order to introduce our financial products, Trump Media collaborated with reputable businesses that aligned well with the mission and goals and have partnered with Yorkville America Equities and Index Technologies Group to create the SMAs, and with Crypto(dot)com and Yorkville America Digital to create the ETFs.

Involvement of Mr. Trump in crypto to shape the future of digital assets? 

Over the quarters, a major inclination of Donald Trump towards crypto has been seen, despite his most controversial statement in which he termed Bitcoin a ‘scam,’ yet in the election campaign in 2024 the sitting president largely praised crypto and promised citizens of the nation to make the U.S the centre of digital economy.

In a speech in Nashville in mid-2024, Trump promised Bitcoiners a new set of rules and regulations for the digital assets, with the firing of Gary Gensler from his position as the chair of the Securities and Exchange Commission.

It is worth noting that, Gary left his position of the SEC chair, as experts said he was quite worried that Trump and his administration might trouble him for his actions and crackdowns on the firm dedicatedly working for digital assets.

The DOJ’s National Cryptocurrency Enforcement Team was disbanded, and Executive Order 14067 was revoked as part of Trump’s administration’s efforts to repeal Biden-era crypto laws.  

Under new leadership, the SEC has withdrawn cases against companies such as Coinbase and Binance and established a task group dedicated to cryptocurrency to create regulations that are favorable to the sector.