🚀 Fresh crypto market news | Important events of the week
📊 Key events driving the market:
🏛️ Institutional News
🇺🇸 Truth Social applies for Bitcoin ETF
Trump Media is moving towards launching its own Bitcoin ETF under the Truth Social brand. NYSE Arca has submitted an official application to the SEC for the listing of a fund that will track the price of Bitcoin and provide easy access for investors to the digital asset CNBC
What it means: The Bitcoin ETF market already exceeds $130 billion in assets, and the emergence of a politically linked fund could attract new institutional investors.
🏦 JPMorgan accepts Bitcoin ETF as collateral
The bank has established new rules for lending against Bitcoin ETF, signaling growing institutional trust in crypto assets.
🌉 Government acceptance
🏛️ California allows cryptocurrency payments
The California Assembly unanimously (68-0) passed bill AB 1180, allowing state agencies to accept cryptocurrency payments. The bill is headed to the Senate for final approval Decrypt
Significance: California is the largest economy in the US, and its decision could be a catalyst for other states.
⚡ DeFi and Ethereum Updates
🔄 Ethereum $ETH returns leadership in DeFi
Ethereum mainnet is experiencing a renaissance due to bot activity and the growth of stablecoins:
Bots conducted 4.84 million stablecoin transfers in May
Volume reached $480 billion - a historical maximum
Stablecoin capitalization on the mainnet grew by 11% in 2025
Analysis: The decrease in fees in Q1 2025 attracted activity back to the Ethereum mainnet Cointelegraph
📈 Market situation
₿ Bitcoin trades around $102,000
$BTC Current price: ~$102,000
Weekly dynamics: -5%
Analysts predict support at $100,000
🔄 Altcoins under pressure
Most altcoins show a decline amid Bitcoin consolidation and reduced retail demand. $XRP
🎯 What to watch next:
SEC's decision on Truth Social ETF - could open a new wave of politically linked crypto products
Voting in the California Senate - a potential precedent for mass government acceptance
Activity on Ethereum - the recovery of the main network's positions could change the DeFi landscape
💡 Opinion: Current events demonstrate increasing institutionalization and government acceptance of cryptocurrencies, laying the groundwork for long-term market growth.
🔔 Stay updated and trade consciously!
#Bitcoin #Crypto #DeFi #Ethereum #TruthSocial #California #ETF #Binance
