• The Most Published News
SharpLink Gaming, led by @Ethereum co-founder Joe Lubin’s @Consensys, secured a $425 million investment to establish a pioneering Ethereum-based corporate treasury, boosting its stock price by over 400% and $ETH price gains intraday. @GameStop made headlines with a $513 million Bitcoin purchase, joining the corporate treasury adoption trend despite a recent share price dip. Telegram announced a $1.5 billion high-yield bond offering supported by major investors including @BlackRock and Citadel, alongside a $300 million deal with Elon Musk’s xAI to integrate AI services and boost the $TON token, which surged over 20%. eToro expanded its US crypto asset offerings, adding 12 tokens including #Dogecoin and $XRP following an SEC settlement and IPO move, signaling renewed regulatory engagement and market expansion.

• Current Market Trends
#Bitcoin prices retreated below $108,000 amid fading expectations of Fed rate cuts and cautious market sentiment, though spot Bitcoin ETFs recorded strong inflows totaling over $433 million on May 28, led by BlackRock’s IBIT ETF. Ethereum outperformed Bitcoin with rallies above $2,700, buoyed by institutional ETF inflows and network upgrades, while XRP profitability surged over 90% amid ecosystem expansion. Solana faces challenges as meme coin trading declines, risking a potential 40% price drop relative to Ethereum. Meanwhile, significant on-chain activity reveals increasing Bitcoin accumulation by large holders and growing institutional optimism toward Ethereum, evidenced by bullish derivatives market indicators.

• Regulations and Policies
The U.S. Department of Labor reversed its 2022 guidance discouraging cryptocurrencies in 401(k) retirement plans, restoring fiduciary discretion and signaling broader regulatory easing under the current administration. The U.S. House is set to release an updated digital asset market structure bill to clarify federal crypto oversight. The UK FCA opened consultations on stablecoin issuer and crypto custody regulations to prevent firm failures and improve market stability. U.S. Vice President JD Vance and the Trump administration pledged to simplify, deregulatory approaches, promoting the GENIUS Act to enhance stablecoin adoption. New York City’s Mayor Eric Adams advocated abolishing the BitLicense and introducing Bitcoin municipal bonds (“BitBond”) to integrate crypto into public finance frameworks.

• Technology and Innovation
StarkWare unveiled S-two, a mobile-optimized zero-knowledge proof (ZKP) prover greatly accelerating Ethereum and Bitcoin cryptographic operations, enabling efficient on-device proofs for scalable blockchain applications. Coinbase launched CDP Wallets with cross-chain smart account support and Trusted Execution Environment custody to improve security and developer experience. Polyhedra introduced GPU-accelerated zero-knowledge proofs, potentially increasing Ethereum transaction speeds by over 1000x. Polygon and GSR launched Katana Network, a privacy-focused layer-2 blockchain aggregating DeFi liquidity with innovative fee redistribution and zero-knowledge finality. Blockchain oracle RedStone partnered with Securitize to provide tokenized traditional finance asset price feeds on Solana, bridging DeFi and traditional markets.

• Institutional Investor News
BlackRock is aggressively expanding in crypto, planning to acquire a roughly 10% stake in Circle’s upcoming $624 million IPO and leading $1.5 billion Telegram bond investments. VivoPower announced a $121 million raised to establish an XRP-focused treasury, appointing a former Ripple executive to its advisory board. Norwegian firm K33 and Japanese investment firm Metaplanet raised millions to deploy Bitcoin treasury strategies aligned with a growing corporate trend for BTC holdings. GameStop’s $513 million BTC acquisition ranked it among the top public Bitcoin holders. @Ripple completed a $1.25 billion acquisition of brokerage Hidden Road to expand institutional OTC services in the US. Rising inflows into Ethereum and Bitcoin ETFs reflect growing institutional confidence.

• Market Forecasts and Expert Opinions
Prominent voices like Adam Back and Blockstream CEO project Bitcoin prices reaching between $130,000 to $1 million+ within 5 years, driven by institutional adoption and macroeconomic pressures. Analysts highlight a pivotal market range for Bitcoin between $95,000–$105,000 ahead of a major $10 billion options expiry. Ethereum bulls await the $2.4 billion options expiry with forecasts suggesting targets above $2,700 amid institutional inflows but flag ongoing headwinds from declining network activity and competition. Crypto strategist Michaël van de Poppe anticipates altcoins outperforming Bitcoin soon, with BTC targeting $120,000–$130,000. Biden administration’s cautious Fed tone contrasts with new pro-crypto regulatory optimism, while geopolitical shifts accelerate global de-dollarization impacting market dynamics.

• Security and Hacking News
Cork Protocol suffered a $12 million exploit involving wrapped staked Ether (wstETH), prompting contract suspension and ongoing investigation amid fears of internal vulnerabilities. Sui network validators are poised to approve a controversial governance proposal aiming to hack back and recover over $160 million stolen in a $220 million Cetus exploit, igniting debate about decentralization limits. North Korean Lazarus hackers targeted individual crypto investors with malware campaigns stealing over $5 million. Circle froze $58 million in USDC linked to the Libra memecoin scandal amid legal disputes involving Argentine promoters. Bybit secured a MiCA license post its $1.5 billion February hack, reinforcing regulatory compliance efforts in Europe.

• Conclusion
Today’s key developments demonstrate a bullish yet cautiously evolving crypto landscape. Institutional involvement is deepening with high-profile corporate treasury acquisitions, sizable bond offerings, and strategic IPO investments from major firms like BlackRock and Metaplanet. Ethereum continues to attract investor inflows reflecting confidence in network upgrades and applications, while Bitcoin ETFs maintain strong momentum despite short-term price dips influenced by macroeconomic uncertainty and Fed policy signals. Regulatory clarity in the US and UK is progressing toward frameworks encouraging stablecoin integration and retirement plan inclusion, enhancing mainstream adoption prospects. However, recent high-profile DeFi exploits and targeted hacks underscore persistent security risks mandating ongoing vigilance. Investors are advised to monitor macroeconomic factors, upcoming derivatives expiries, and regulatory developments closely, balancing exposure to institutional-driven growth with prudent risk management amid evolving regulatory and security landscapes.

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/top-news