Daily Market Update (May 16, 2025, 10:15 AM)
ChainDD's market report on May 16 shows the comprehensive DD index and CoinMarketCap quotes:
BTC is reported at $102,710.47, down about 1.22% in 24 hours;
ETH is reported at $2,469.82, down about 3.75% in 24 hours;
BNB is reported at $635.54, down about 2.52% in 24 hours;
DOGE is reported at $0.2147, down about 3.45% in 24 hours;
SOL is reported at $164.38, down about 4.13% in 24 hours.
Crypto Market Dynamics
Galaxy Digital has officially listed on Nasdaq, stock code GLXY
Galaxy Digital was officially listed on Nasdaq this Friday, with the stock code GLXY. On its first trading day, the stock price initially rose 14% after opening, then retreated to its opening price, closing at $22.66.
Ukraine is considering establishing a strategic cryptocurrency reserve
The Ukrainian government is preparing legislation to establish a national strategic Bitcoin reserve. It is reported that Ukraine currently holds approximately 46,351 BTC, worth about $4.8 billion. These Bitcoins mainly come from donations during the war, asset seizures, and fundraising activities.
Ukrainian parliament member Yaroslav Zhelezniak stated that the relevant bill has entered the final drafting stage and is expected to be submitted to parliament for review soon. The bill aims to officially incorporate Bitcoin into the national financial strategy. The cryptocurrency exchange Binance is assisting Ukraine in advancing this plan, but emphasizes the need for significant legislative reforms.
Previously, the Ukrainian parliament passed a virtual assets bill, but it was withdrawn under pressure from the presidential office and the national securities commission. Currently, the national securities commission has proposed 80 amendments to improve the legal framework for crypto assets. This move by Ukraine signifies its increasing emphasis on cryptocurrency within its national financial strategy.
The U.S. publicly traded company Basel Medical Group has launched a $1 billion BTC acquisition strategic plan
The U.S. publicly traded company Basel Medical Group Ltd announced today that it has initiated exclusive negotiations for a $1 billion Bitcoin (BTC) acquisition plan. This plan will significantly diversify the company's financial reserves while continuing to focus on expansion in the healthcare services sector.
An Argentine judge ordered the freezing of assets of key figures in the LIBRA project, including reviewing financial transactions of President Milei and his sister.
An Argentine federal judge ordered the freezing of assets of key figures involved in the LIBRA memecoin project. Investigators are looking into potential fraud related to the promotion of this digital token, including reviewing financial operations related to President Javier Milei and his sister Karina Milei.
The judge also authorized the lifting of bank confidentiality protections for Milei and his sister, allowing investigators to view their financial transaction history to look for signs of improper connections with supporters of the project.
Ethereum Co-founder: ETH is not a competitor to BTC, but its market capitalization will eventually surpass Bitcoin
Ethereum co-founder Anthony Di Iorio stated at the 2025 Consensus Conference that Ethereum aims to be an alternative to Bitcoin, not a competitor. Di Iorio is one of the eight co-founders of the Ethereum blockchain, but he originally entered the cryptocurrency space by advocating for Bitcoin and believes that Ethereum could eventually surpass Bitcoin in market capitalization.
Market news: The Trump tax bill was not passed in the House subcommittee
According to market news: The Trump tax bill was not passed in the House subcommittee due to disagreements among Republicans over costs, with hardline American conservatives opposing the bill and seeking further reductions in Medicaid.
