NEWS
🪙 Crypto Market Overview
Current Price: Around $96,887, up 3.39% over the past 24 hours.
Forecast: Expected to hit $121,243 by May 12, a 24.86% increase in five days.
Reasons for Price Surge: Optimism over U.S.–China trade talks and anticipation of the FOMC meeting.
Current Price: Around $1,829.77, trading in the $1,800–$1,850 range.
Network Upgrade: Ethereum activates the Pectra upgrade, raising staking limit to 2,048 ETH and enhancing wallet user experience.
Technical Analysis: A bullish pennant breakout pattern suggests ETH could rally to $2,250.
Major News: CME Group announces the launch of XRP futures on May 19, signaling rising institutional interest.
⚖️ Regulatory and Legal Developments
United States
GENIUS Act: A major stablecoin regulation bill is set for Senate vote on May 8. It faces opposition from Democrats over alleged conflicts of interest tied to former President Trump’s family.
Congressional Hearing Disrupted: A House hearing on crypto market structure was disrupted by protests over Trump-linked crypto ties.
Europe
ECB Initiative: The European Central Bank (ECB) partners with the private sector to accelerate the rollout of the digital Euro, aiming to modernize the payment system and increase competitiveness.
🧠 Investment and Technology Trends
Institutional Adoption: Large financial institutions are increasing their investments in crypto, driving mass adoption and pressuring regulators to clarify rules.
Market Outlook: According to Research and Markets, crypto markets are expected to reach new all-time highs in 2025, driven by regulatory clarity, institutional participation, and cyclical growth.
