• The Most Published News
Bitcoin Surges Past $110K Mark Amid Institutional Demand and Market Volatility: Bitcoin surged to a new all-time high of $110,788, surpassing its previous peak earlier this year. This rally follows a 3% daily gain despite a downturn in US stock markets triggered by weak bond auction results. Institutional interest and regulatory clarity are cited as the drivers behind the sustained price increase, while retail interest remains subdued.

• Current Market Trends
@Bitcoin Spot ETFs See $609M Net Inflow, Extending Six-Day Positive Trend: Bitcoin spot ETFs experienced a net inflow of $609 million on May 21, continuing a positive streak for six consecutive days. BlackRock's IBIT ETF led inflows with $531 million in a single day, bringing its total net inflow to $46.677 billion. Fidelity's FBTC ETF also contributed significant inflows, with $23.527 million on the day and a total of $11.83 billion, while the total net asset value of Bitcoin spot ETFs reached $129.015 billion.
@Ethereum Spot ETFs See Continued Inflows with BlackRock's ETHA Leading Gains: Ethereum spot exchange-traded funds (ETFs) experienced a net inflow of $587,100 over the past day, marking four consecutive days of positive inflows. BlackRock’s ETHA ETF reported the largest single-day inflow of approximately $24.86 million and holds a total net inflow of $4.347 billion. Meanwhile, Fidelity’s FETH ETF saw the largest single-day outflow of about $24.28 million but maintains a net inflow of $1.403 billion; overall, Ethereum spot ETFs have a combined net asset value of $8.737 billion, representing 2.88% of Ethereum's total market capitalization.

• Regulations and Policies
Proposed Stablecoin Regulation Bill May Accelerate U.S. Treasury Bond Demand, Expert Says: The GENIUS Act, a stablecoin regulation bill currently advancing in the U.S. Senate, aims to establish a legal framework for the $200 billion stablecoin market. David Sacks, cryptocurrency advisor to former President Trump, suggests its passage could generate trillions in demand for U.S. Treasury bonds and strengthen the U.S. dollar's global position. However, political concerns have emerged regarding possible conflicts of interest involving the President and his family.
US CFTC Faces Major Leadership Turnover Ahead of 2026 Amid Regulatory Uncertainty for Crypto: Four out of five commissioners at the US Commodity Futures Trading Commission (CFTC) are expected to depart by 2026, including commissioner Kristin Johnson planning to leave later this year. This potential leadership overhaul coincides with ongoing delays in confirming a new chair, Brian Quintenz, nominated by President Trump. The mass departure raises concerns over regulatory clarity for cryptocurrency and digital asset markets as calls grow for a coherent federal regulatory framework.

• Technology and Innovation
World Foundation Raises $135M Through Token Sale to Expand Global Biometric Digital ID Network: World Assets, part of the World Foundation, raised $135 million by selling $WLD tokens to venture firms including @a16zcrypto and @BainCapCrypto. The funds will be used to grow the deployment of Orb-verified World IDs, which provide biometric, privacy-preserving digital identity verification. With over 12.5 million Orb-verified users and a total network exceeding 26 million, the project aims to become a decentralized, self-sustaining protocol for proof of personhood amid growing AI challenges.

• Institutional Investor News
@Strategy's Bitcoin Holdings Yield Over $23 Billion in Floating Profits: As of May 18, 2025, Strategy holds 576,230 $BTC purchased at an average price of $69,726 each. The current market price of Bitcoin is $109,710, resulting in a floating profit of approximately $23.039 billion. This data reflects the significant unrealized gains from Strategy's Bitcoin investment.

• Market Forecasts and Expert Opinions
Bitcoin Soars to New Record High with Bulls Eyeing Targets Up to $320,000 Amid Cautious Optimism: Bitcoin reached a new all-time high of $111,800 with strong weekly momentum marking seven consecutive green weeks. Analysts project Bitcoin could rise further to between $135,000 and $320,000 by 2025, based on technical patterns and Fibonacci extensions. However, experts warn that high leverage zones increasing liquidation risks mean investors should exercise risk management and caution.

• Security and Hacking News
Coinbase Hacker Moves 9,080 $ETH, Converts to $22.8M DAI in Latest Transfer: A hacker who previously stole funds from Coinbase users has moved 9,080.7 ETH and exchanged it for 22.82 million DAI. In the last two hours, this attacker transferred a total of 17,778.7 ETH through THORChain, converting the ETH to nearly 45 million DAI. The average selling price for these ETH transactions was around $2,528 per ETH.

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