CMC Market Pluse | 24 May 2025
Highlights this week:
Strategy has acquired 7.390 BTC for $764.9M at an average price of $103,498 per Bitcoin.
Strategy announces an agreement to sell 10% Series A Perpetual Strife Preferred Stock (STRF) for an aggregate offering price of up to $2.1B.
Texas passes their strategic Bitcoin reserve bill, with a vote of 101-42.
Major project updates:
Succinct Labs introduces Hypercube, enabling the ability to prove Ethereum mainnet blocks in less than 12 seconds, creating the first zkVM to achieve real-time Ethereum proving.
Anza introduces Alpenglow, a new consensus protocol for Solana designed to reduce transaction final latency by 100x to compete with centralized infrastructure.
Celestia’s Lotus upgrade is now live, reducing inflation and bringing native TIA interoperability via Hyperlane.
#Sei introduces the whitepaper for Sei Giga, the reimagined multi-proposer infrastructure for the Sei blockchain to bring it to 200K TPS.
