On May 21, 2025, the digital currency sector continues to be a hotspot. Sun Yuchen has become the "top brother" with a holding of approximately $17.9 million in Trump tokens and will attend Trump's private dinner on the 22nd; on the regulatory front, the new acting inspector general of the U.S. SEC focuses on crypto anti-fraud efforts, the chairman promotes regulatory transparency and avoids over-regulation, and decisions on XRP and Dogecoin ETFs are postponed while seeking public opinions. In terms of the market, the German government previously sold Bitcoin at a high price, missing out on huge gains, and Standard Chartered is optimistic about Bitcoin reaching $500,000 by 2028.
Institutional arrangements continue, BlackRock and Circle have reached an agreement on restrictions for stablecoin issuance, Blackstone is testing a Bitcoin ETF, and Société Générale will launch the first bank-issued dollar stablecoin for Ethereum. Additionally, Ethereum DEX users are surging, with Uniswap dominating the market; New York is calling for the abolition of the BitLicense, Texas is awaiting the signing of a Bitcoin reserve bill; a South Korean candidate has proposed issuing a won stablecoin, and Robinhood has submitted a regulatory proposal for tokenized assets.
