• The Most Published News
@coinbase Global Inc. is set to join the S&P 500 starting May 19, replacing Discover Financial Services. This historic milestone marks the first time a crypto company has been included in the prestigious index, boosting the credibility of both Coinbase and the broader crypto space. The move is expected to increase institutional exposure and demand for crypto assets, notably Bitcoin.

• Current Market Trends
ETF inflows remain strong, though institutional demand showed slight cooling after the recent breakout. Ethereum outperformed with a 40–60% price surge driven by technical upgrades and increased institutional interest, with over 60% of $ETH addresses now profitable. Altcoins, including Solana, $XRP, and $DOGE, gained momentum supported by retail trader activity in South Korea. However, heightened volatility persists, evidenced by $697M liquidated in futures over 24 hours, reflecting leveraged position risks amid rapid price moves.

• Regulations and Policies
The SEC, under Chair Paul Atkins, is pivoting to comprehensive rulemaking on crypto assets, aiming to clarify securities classification, custody requirements, and broker-dealer regulations. Stablecoin legislation developments include the Northern Mariana Islands overriding a veto to support a U.S. territory-backed stablecoin, and ongoing debates around the stalled GENIUS Act signaling the need for bipartisan crypto regulatory cooperation. @BitGo obtained a MiCA license from Germany’s BaFin, expanding regulated crypto custody services across the EU under the new framework. Additionally, U.S. Treasury plans a closed-door roundtable focused on stablecoins, DeFi, and cybersecurity. Despite positive regulatory steps, concerns loom over “dark stablecoins” emerging amid tightened oversight.

• Technology and Innovation
@ethereum’s Pectra upgrade and @VitalikButerin’s push for a Bitcoin-like simplified architecture are credited with driving ETH’s 60% price rally, although rising liquidations signal caution. Decentralized exchange Uniswap hit a $3 trillion all-time trading volume milestone, launching innovations including its own 7702 wallet to stay competitive in a crowded DeFi space. AI-powered crypto treasury initiatives, such as Amber International’s $100 million crypto reserve using AI-driven management, reflect increasing convergence of emerging technologies with asset allocation strategies. http://Crypto.com partnered with Dubai finance to enable government service payments in crypto, marking a notable step for digital assets in public sector applications.

• Institutional Investor News
Institutional appetite remains robust as @jpmorgan expanded Bitcoin ETF holdings to nearly $1.7 billion, and @BlackRock pushes for physical redemption in its Ethereum fund to enhance asset backing transparency. Bitcoin ETFs recorded four consecutive weeks of inflows totaling nearly $63 billion in 2024, mainly led by BlackRock’s iShares products. Companies such as Metaplanet and Strategy continue aggressive Bitcoin accumulation, with combined recent purchases exceeding $1.5 billion. New players like Nakamoto Holdings, which raised $710 million and merged with KindlyMD to build a Bitcoin treasury, further demonstrate growing institutional engagement. American Bitcoin, backed by the Trump family, is merging with Gryphon Digital Mining to go public, illustrating rising corporate consolidation in crypto mining and accumulation strategies.

• Market Forecasts and Expert Opinions
Analysts predict a sustained Bitcoin bull market, with PlanB forecasting RSI above 80 for four months and possible $BTC price targets up to $400,000 by 2025. Citi and Deutsche Bank foresee stablecoins expanding as mainstream payment instruments by 2030, with market cap projections up to $3.7 trillion supported by regulatory progress and institutional adoption. The easing of US-China trade tensions underpins optimistic market sentiment, potentially catalyzing a Bitcoin rally toward $150,000, while analysts caution about possible short-term overheating and retracements near $100,000. Binance CEO and other experts highlight Bitcoin’s evolving role as “digital gold” amid global uncertainty.

• Security and Hacking News
Curve Finance reportedly suffered a DNS hijacking attack disrupting its website and linked projects like Convex Finance, although smart contracts remain unharmed. Users are strongly cautioned to avoid interacting with Curve until resolution. Market-wide liquidations remain elevated with $216 million in futures liquidated in one hour and nearly $700 million over 24 hours, underscoring persistent volatility risks in leveraged trading.

• Conclusion
Strong institutional accumulation by players like Metaplanet and Strategy, coupled with robust ETF inflows and bullish technical setups, position Bitcoin and Ethereum for further gains in the near term. Regulatory clarity from the SEC and European milestones like BitGo’s MiCA license are paving the way for broader market participation, while stablecoins are poised for mainstream payment adoption. Macroeconomic tailwinds from easing US-China tariffs and potential Fed rate cuts enhance risk appetite. However, investors should remain mindful of volatility risks inherent in leveraged markets, potential profit-taking near key resistance zones, and emerging security vulnerabilities in DeFi protocols. A balanced and vigilant approach is advisable, with institutional interest signaling confidence but not immunity from short-term corrections.

Daily crypto market update is an AI summarization of important news published in major crypto media in the last 24 hours at the time of sending. The full news story can be found at the URL below.

http://ns3.ai/top-news