Daily Market Report (May 21, 2025, at 20:00)
ChainDD data on May 21 shows that the comprehensive DD index and CoinMarketCap quotations are:
BTC is priced at $106,550.40, up about 1.27% in 24 hours;
ETH is priced at $2,537.54, up about 1.04% in 24 hours;
BNB is priced at $654.97, up about 1.69% in 24 hours;
DOGE is priced at $0.2265, up about 2.60% in 24 hours;
SOL is priced at $169.39, up about 1.83% in 24 hours.
Cryptocurrency Market Updates
Hong Kong-listed company Guofu Quantum disclosed the recent sale of 20 bitcoins.
Guofu Quantum (00290.HK) announced that from May 9 to May 19, 2025 (including the first and last days), the group conducted a series of trades in the open market, selling approximately 20 bitcoins for a total price of about $2.07 million (equivalent to about 16.1 million Hong Kong dollars) (excluding transaction costs).
South Korea will allow non-profit organizations and exchanges to sell cryptocurrencies under the new FSC rules.
The South Korean Financial Services Commission (FSC) announced that starting from June, non-profit organizations and virtual asset exchanges will be allowed to sell held cryptocurrencies while tightening the listing rules for exchange tokens. Non-profit organizations must meet conditions such as having at least five years of audited operational records and establishing a donation review committee, and can only accept tokens listed on at least three Korean won exchanges for immediate sale. The sale of cryptocurrencies by exchanges is limited to raising operational funds, with daily sales limits and a prohibition on trading through their own platforms, allowing only trading of tokens in the top 20 by market capitalization while complying with anti-money laundering standards. The FSC is simultaneously strengthening coin listing reviews, requiring local exchanges to filter out low trading volume or market cap 'zombie coins' and setting higher thresholds for meme coins based on user base or trading history to curb price volatility and enhance investor protection.
The FSC stated that the new regulations are a policy adjustment following the 2017 ban on institutional trading of cryptocurrencies, aiming to balance regulation with market flexibility, and plans to extend the rules to corporate and institutional investors by the end of 2025.
US-listed company BTCS increased its holdings by 3,450 ETH, with a total ETH holding of about 12,500.
US-listed company BTCS purchased 3,450 ETH for approximately $8.42 million, with an average purchase price of $2,441, increasing its total Ethereum holding to about 12,500 ETH, a 38% increase from the end of Q1 2025. This strategic expansion has pushed the fair market value of the company's cryptocurrency assets and cash to approximately $38.42 million, a growth of 88% since early Q2 2025.
SoftBank doubles down on AI investments with $15 billion syndicated loan
SoftBank Group will use a loan underwritten by Mizuho Bank, Sumitomo Mitsui Trust Bank, and JPMorgan for its artificial intelligence investments, demonstrating SoftBank's ability to secure funding for its grand ambitions. According to sources, this one-year $15 billion bridge loan is one of SoftBank's largest financings to date, funded by 21 banks, with Mizuho Bank providing $1.35 billion, SMBC providing $1.25 billion, and JPMorgan providing $1 billion.
In addition, HSBC and Barclays together contributed $950 million, while Goldman Sachs, Mitsubishi UFJ, and five other banks collectively contributed $850 million. This funding will support SoftBank's long-term plans to influence the development of artificial intelligence. CFO Yoshimitsu Goto revealed at last week's earnings conference that the first agenda includes acquiring chip design company Ampere Computing for $6.5 billion and investing up to $30 billion in OpenAI.
