By [Guddu Idrees], Binance Square Creator
Bitcoin $BTC and Ether are climbing again ā and this time, itās geopolitics giving crypto a tailwind.
After a U.S. federal court struck down former President Donald Trumpās sweeping global tariffs, markets responded with a wave of optimism. Stock futures soared, and crypto didnāt stay behind. Bitcoin ($BTC ) pushed above $107,000, while Ether ($ETH) surged to $2,780 ā its highest level since late February.
š§ Why It Matters
The court ruled that Trumpās tariffs lacked proper legal grounding, arguing they didnāt meet the national emergency threshold. This decision reduces economic uncertainty and strengthens investor appetite for risk assets ā including crypto.
Coupled with Nvidiaās blockbuster earnings and growing AI optimism, the mood across both traditional and digital markets is unmistakably bullish.
š” BTC Dominance: 63.71%
āļø ETH/BTC Ratio: 0.02517
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š³ Whale Watch: BTC Whales Are Selling Near the Top
On-chain data shows that wallets holding over 10,000 BTC have begun distributing coins. Exchange inflows are also rising ā a classic sign of potential selling pressure.
Yet, smaller holders remain in accumulation mode, and derivatives markets hint at heightened volatility ahead of Fridayās options expiry.
Meanwhile, ETH derivatives are flashing bullish signals. ETH perpetuals on CME are seeing a 10% annualized basis, outpacing BTCās 8.7%. Thatās institutional money eyeing ETH strength.
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š„ Spot ETF Flows: ETH Steals the Spotlight
Spot ETH ETFs recorded an impressive $84.89 million net inflow on Wednesday ā extending their 8-day positive streak. Bitcoin ETFs also saw strong demand with $432.7 million in net inflows.
š Total Spot ETF Holdings:
BTC: ~1.21 million
ETH: ~3.57 million
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šŖ Altcoin Moves: TON, PEPE, FLOKI Climb ā SOL Stays Flat
Solana (SOL) hovered near $170 despite bullish institutional moves. Canada-based Sol Strategies plans to raise $1 billion to expand into the Solana ecosystem.
š¢ Top Gainers:
TON: Open interest in perpetuals jumped 33% to $190M
PEPE and FLOKI followed with price strength.
š“ Underperformers: PI, JUP, and the humorously named FARTCOIN saw the most losses.
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š§ Quick Bites: What Else Is Happening?
š Circle froze wallets tied to the LIBRA token with millions in USDC.
š£ Cork Protocol was hacked for $12M in wstETH.
šø Metaplanet issued $21M in bonds to stack more Bitcoin.
š¼ FTX repayments begin round two on May 30.
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š What to Watch
š§¾ Macro Data Releases
U.S. Q1 GDP (Second Estimate): Expected -0.3% vs. previous +2.4%
Brazil & Mexico Unemployment Data
Core PCE (U.S. inflation gauge): May 30
š Governance Votes
Arbitrum Callisto Upgrade (AIP vote closes May 29)
Sui DAO voting on $220M recovery from Cetus hack (ends June 3)
š Upcoming Unlocks
May 31: Optimism unlock worth $24.4M
June 1: Sui unlock worth $160.5M
š§āš¼ Conferences
Stablecon (New York)
Litecoin Summit (Vegas)
Balkans Crypto 2025 (Albania)
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š¬ Final Thoughts
Between courtrooms, earnings reports, and ETF flows ā crypto is once again proving it's tied deeply into the wider world. With whales moving BTC, but institutions eyeing ETH, the market is sending a clear message: Watch the narrative shift.
š Are we gearing up for an ETH-led rally?
š Is this a final BTC distribution before a deeper correction?
š Whatās your crypto allocation strategy this week?
š Drop your thoughts in the comments. Letās talk charts, catalysts, and conviction.
š¢ Like & Repost if you found this helpful!
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