Crypto Daily Recap | May 12, 2025

1. Culture Group secures $300M to build a crypto reserve in $BTC and $TRUMP — a Wall Street-to-memecoin play.

2. Dubai Finance signs an MoU with Crypto.com to enable crypto payments for government fees — real-world adoption accelerates.

3. Corporations lead 2025 BTC accumulation, outpacing ETFs and retail. Strategy alone accounts for 77% of this year’s corporate growth.

4. Bhutan integrates crypto fully into tourism, letting travelers pay with 100+ coins via Binance Pay.

5. Pump Fun launches revenue-sharing, giving 50% of platform earnings back to token creators.

6. Backpack Exchange opens withdrawals for former FTX EU users — funds reclaimable after KYC.

7. Coinbase to join the S&P 500 on May 19, becoming the first crypto-native firm added to the index.

8. Solana’s Anatoly Yakovenko unveils a new data availability layer to connect major blockchains and redefine interoperability.

9. 24h Market Recap

• $BTC: $104,426 (+2.34%)
• $ETH: $2,614 (+6.4%)
• $SOL: +4.23%
• $DOGE: +4.91%
• $TRX: −1.21%