Overall market news:
* Price volatility: The cryptocurrency market is experiencing some price volatility following the increases observed in the past few days. It seems that there are profit-taking actions by some investors.
* Bitcoin retreats after reaching high levels: After Bitcoin hit a four-month high, its price is currently retreating and trading around $103,000.
* Decline in Bitcoin ETF inflows in the United States: The pace of Bitcoin exchange-traded fund inflows in the United States slowed during the past week.
* Altcoins showing strength: A decline in Bitcoin dominance was observed during May, as some altcoins demonstrated strength and notable increases.
Specific news:
* FTX begins the second phase of fund distribution to creditors: FTX Recovery Trust announced the start of the second phase of distributing over $5 billion to eligible creditors, with this process officially set to begin on May 30, 2025.
* Japanese company Metaplanet increases its Bitcoin holdings: Japanese investment firm Metaplanet announced the purchase of an additional 1,004 Bitcoins, raising its total holdings to 7,800 Bitcoins.
* Predictions for a strong rise in Bitcoin: Analyst Scott Melker predicts that Bitcoin's price will reach $250,000 by the end of 2025.
* Bybit offers direct stock trading using USDT: The Bybit platform announced that it will offer direct trading of a selected range of global stocks using the stablecoin Tether (USDT).
* Warnings about scams: A case has been reported where a retired artist lost over $2 million of his crypto assets as a result of a scam.
* Updates and developments in the Solana network: The MNDE token, a governance token for the Marinade protocol on the Solana network, rose by 30% after a series of radical updates.
Prices of some cryptocurrencies (at the time of writing this response):
* Bitcoin (BTC): around $103,000 (noting ongoing volatility).
* Ethereum (ETH): experiencing some decline and trading around $2,535.
Important notes:
* The cryptocurrency market is highly volatile, and prices are constantly changing.
* This information is a summary of the main news and may not include all developments.
* It is always advisable to do your own research before making any investment decisions in cryptocurrencies.
I hope this is helpful to you! Do you have any other questions?