The crypto market is in constant motion, and breaking news reflects a dynamic landscape driven by regulatory developments, institutional adoption, and controversial events. Here are the most relevant updates from the last hours:
Bitcoin reaches new records near $112,000:
Bitcoin continues its bullish rally, hitting an all-time high close to $112,000 on May 22, 2025, according to CNBC. This increase is due to growing institutional adoption, with capital flows into Bitcoin ETFs exceeding $40 billion last week, and a more favorable regulatory environment under the Trump administration. Additionally, liquidity in the crypto market has increased, with records in the amount of USDT on exchanges, according to CryptoQuant. However, analysts warn of possible corrections due to high volatility.
Controversy over Trump's crypto dinner:
President Donald Trump held a gala dinner on May 22 for major buyers of his memecoin $TRUMP, which is currently trading at $13 after a drop from its peak of $74.27. The dinner, held at his golf club in Virginia, drew criticism for potential conflicts of interest, as attendees, including crypto billionaire Justin Sun, invested millions in $TRUMP. Democrats labeled the event as a 'corruption act,' while organizers raised $148 million in fees, according to Politico. This reinforces ethical concerns regarding the Trump family's crypto businesses.
Regulatory progress in the U.S.: The U.S. Senate advanced the GENIUS Act, a bill to regulate stablecoins, with bipartisan support on May 19. This legislation could unlock 'trillions' in demand for Treasury bonds, according to Trump's crypto advisor, David Sacks. However, Democrats raised concerns about Trump's ties to projects like $TRUMP and World Liberty Financial, which could influence crypto policies. This regulatory step has boosted optimism in the market, with Bitcoin and other cryptos in the green.
Cyberattacks in the spotlight:
Coinbase, which recently joined the S&P 500, reported a cyberattack that could cost it between $180 and $400 million, following unauthorized access to less than 1% of its customer data. This incident, along with the theft of $1.5 billion on Bybit in February 2024, underscores security risks in the crypto sector. Investors should remain vigilant against these vulnerabilities.
