• The Most Published News
@JPMorgan Chase CEO Jamie Dimon cast doubt on the U.S. dollar maintaining its status as the global reserve currency, citing risks like fiscal mismanagement, rising debt, bond market concerns, and inflation amid shifting geopolitical dynamics. Despite his skepticism, JPMorgan is cautiously allowing clients to buy Bitcoin, though Dimon opposes its use as a national reserve asset. Complementing this, analysts emphasize Bitcoin’s strong fundamentals with growing long-term holder accumulation and expectations of trading sideways in the $103K–$110K range, potentially breaking above $110K to test higher levels. Institutional buying remains robust, highlighted by @Strategy’s continuous Bitcoin acquisitions—adding 705 BTC recently—and Metaplanet doubling its Bitcoin holdings to nearly 8,900 $BTC. Ethereum also shows bullish momentum, recording the strongest ETF inflows of 2025, exceeding $550 million in May, and price patterns suggesting an upside continuation. Meanwhile, stablecoin adoption grows rapidly, with @Circle’s USDC cross-chain transfer volume surging 83% and institutional backing exemplified by BlackRock acquiring a 10% stake in Circle’s proposed IPO.

• Current Market Trends
#Bitcoin experienced a healthy correction after a 50% surge, closing May with an 11% monthly gain near its all-time high. The correction is driven by macroeconomic headwinds including renewed U.S.-China tariff tensions and rising treasury yields, with derivatives markets displaying signs of overheating amid record-high open interest. Despite short-term bearish technical indicators like weekly RSI divergence and bear flag patterns suggesting a possible dip toward $97,000–$100,000, overall market structure and on-chain data support a bullish outlook. Ethereum continues to outperform with record ETF inflows and stable price momentum around $2,480–$2,520 resistance. Decentralized exchanges reached a milestone with 25% of global spot trading volume in May, reflecting increased user preference for decentralized platforms. Stablecoins, particularly $USDC, are becoming essential for cross-border payments and liquidity. Memecoins like SHIB benefit from major token burns reducing supply, supporting potential long-term price stability.

• Regulations and Policies
The U.S. Treasury Secretary reaffirmed the government's commitment to avoid debt default amid bipartisan congressional efforts to raise the debt ceiling. Regulators show growing engagement with stablecoin frameworks, as the U.S. Senate prepares for a potential vote on the GENIUS Act, aiming to impose issuer licensing and reserve requirements. Singapore is cracking down on crypto firms without digital token service provider licenses by requiring them to cease overseas operations by June 30 or face substantial penalties, signaling tighter global oversight. The EU’s MiCA regulatory framework advances with Acheron securing the first CASP license, marking increased regulatory clarity across European markets. In South Korea, major regulatory reforms are underway, including lifting institutional crypto trading bans and enhancing KYC protocols, as the country’s presidential candidates advocate for easier crypto access, legalizing spot ETFs, and introducing won-backed stablecoins. The U.S. SEC, however, questions the legality of Ethereum and Solana staking ETFs from REX and Osprey, reflecting continued regulatory caution around crypto investment products.

• Technology and Innovation
@Ethereum’s co-founder Vitalik Buterin announced an ambitious goal to expand Ethereum’s Layer 1 scalability by approximately 10 times within the next year, promising a major network upgrade followed by a development pause before subsequent enhancements. However, security issues have surfaced with Ethereum’s recent Pectra upgrade (EIP-7702) being exploited by malicious actors to automate wallet-draining attacks using leaked private keys. The security firm Wintermute has flagged widespread abuses linked to this feature and released protective tools like CrimeEnjoyor to help users identify malicious contracts. Meanwhile, Binance co-founder @cz_binance proposed dark pool decentralized exchanges (DEXs) to reduce price manipulation and front-running, highlighting ongoing innovation in decentralized trading infrastructure. The rise of DEXs is underscored by their record 25% share of spot trading volume in May, nearly matching centralized exchanges.

• Institutional Investor News
Institutional involvement in crypto remains a dominant theme. @Strategy’s CEO Michael @Saylor continues to lead aggressive Bitcoin accumulation, with over 580,000 BTC held and a 16.9% yield reported for 2025. Japanese firm Metaplanet has emerged as a top-ten public Bitcoin holder after acquiring an additional $118 million worth of BTC, signaling Asia-led institutional momentum. @BlackRock’s significant investment in Circle’s upcoming IPO underscores growing mainstream confidence in stablecoins and crypto infrastructure. Additionally, SharpLink Gaming plans to raise capital through stock sales to acquire $1 billion worth of Ethereum, indicating corporate treasury diversification into crypto assets. @GameStop’s acquisition of 4,710 BTC for its treasury further reflects institutional adoption despite mixed market reactions.

• Market Forecasts and Expert Opinions
Analysts remain cautiously optimistic on Bitcoin’s medium-term outlook, forecasting potential rallies to $120,000 and beyond, tempered by short-term corrections to around $97,000–$100,000. Forecasts from well-known analysts like Dave the Wave and Justin Bennett signal bullish momentum based on technical indicators such as MACD but acknowledge risks of profit-taking and market overheating. AI-driven models predict Bitcoin could reach $125,000 by mid-2025, fueled by increasing institutional adoption expected to encompass up to a third of Bitcoin’s supply. Market strategists warn the U.S. dollar will continue weakening due to debt challenges and trade tensions, potentially boosting demand for Bitcoin and gold as alternative stores of value. However, some volatility is anticipated around key U.S. economic data releases, with traders shifting towards short-term tactics amidst ongoing tariff uncertainties.

• Security and Hacking News
Security events continue to challenge the crypto ecosystem. Taiwanese exchange BitoPro suffered an $11.5 million hack affecting multiple blockchains, with stolen assets laundered through mixers—highlighting persistent exchange vulnerabilities and delayed incident disclosure controversies. Nervos Network’s Force Bridge experienced a $3 million theft following suspicious activity, leading to a temporary suspension and ongoing investigations. Ethereum’s recent protocol upgrade facilitated automated theft mechanisms exploited by malicious contracts draining user wallets via EIP-7702, prompting alerts and mitigation tools from security firms. These incidents underline the critical importance of private key security and caution for users interacting with new blockchain features.

• Conclusion
The crypto market today reflects a mix of robust institutional confidence and cautious investor sentiment amid macroeconomic and regulatory developments. Continued strong institutional accumulation of Bitcoin and Ethereum confirms long-term bullish fundamentals despite short-term corrections influenced by geopolitical tensions and U.S.-China tariffs. Regulatory clarity is gradually improving worldwide, with major advances in South Korea, Singapore, and the EU, though uncertainty persists in areas like crypto ETFs and stablecoin regimes. Technological innovation accelerates network scalability and decentralized trading infrastructure but must address emergent security risks that threaten user assets. Investors should monitor critical support levels near $100,000 for Bitcoin and watch regulatory and geopolitical news closely to navigate volatility. Maintaining a diversified approach with exposure to leading crypto assets, while practicing rigorous security hygiene, remains prudent in this evolving market environment.

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