🗞️ Crypto Daily Recap | May 11, 2025
🏦 BlackRock's $IBIT ETF snapped up 10,572 BTC this week, while only 3,150 BTC were mined — highlighting a 3-to-1 demand vs. supply imbalance.
📊 24-Hour Market Snapshot
• $BTC 104,311 (+0.24%)
• $ETH : $2,566 (+3.83%)
• $XRP : $2.60 (+11.19%)
• TRX :$0.279 (+7.46%)
📁 BlackRock has filed for in-kind redemptions on its ETH Trust — paving the way for greater ETF efficiency.
🇯🇵 Metaplanet added 1,241 BTC worth $126.7M, raising its total holdings to 6,796 BTC.
🏛️ Goldman Sachs now leads as the largest institutional holder of BTC and ETH, with a $1.4B allocation.
🛒 Spar, a major Swiss supermarket chain, now accepts Bitcoin payments in-store — real-world adoption on the rise.
🔄 Backpack allows former FTX EU users to reclaim their euro balances after completing KYC verification.
🏠 PREH Multifamily Fund is being tokenized on Chintai, unlocking liquidity for real-world assets (RWA).
💰 Strategy acquired 13,390 BTC for $1.34B, pushing its total to 568,840 BTC valued at $39.41B.
🆕 Binance Alpha listed MOODENG and GOAT, further expanding its token offerings.
⛏️ American Bitcoin, linked to Trump, will go public via a merger with Gryphon Digital Mining.
🚀 Ethereum has surged 42% in just 5 days following the Pectra upgrade, overtaking Coca-Cola and Alibaba in market cap.
🪙 Tether’s USDt maintains a dominant 61% share of the stablecoin market by circulating supply — despite ongoing restrictions.
#NewsTrade #TradeWarEases #TradeStories #SaylorBTCPurchase #NewsTrade
