⭐️ Bitcoin & Market

- BTC reaches a new peak of $111,000, surpassing Amazon to become the fifth largest asset globally by market cap. In 4 hours, over $40M in short positions were liquidated, with altcoins experiencing only a slight rebound and memecoins being more active than ever.

- The Bitcoin Spot ETF on 21/05 continues to attract a net inflow of +$614.2M, led by BlackRock with +$537.7M – a streak of 6 consecutive days of net inflows.

- El Salvador's President Nayib Bukele announces a profit of $386M, equivalent to +132% from the national BTC investment.

- Michael Saylor reports an unrealized profit of $22.7 billion and states: “If you didn’t buy BTC at the peak, you are missing out on an opportunity.”

- Texas officially passes SB21 – The Strategic Bitcoin Reserve Bill, awaiting the Governor's signature. This could be the second state in the U.S. to possess a BTC reserve fund.

- Senator Cynthia Lummis proposes to replace the national gold reserves with Bitcoin as a new strategic asset.

⚖️ Regulation & Policy

- The SEC approves an in-kind mechanism for BlackRock's Ethereum Spot ETF, allowing capital withdrawals in ETH instead of cash – a significant advancement for the fund's liquidity and transparency.

- Hong Kong passes a law to license stablecoins, requiring backing with fiat currency while promoting fintech innovation.

- The U.S. Senate begins reviewing the GENIUS Bill on stablecoins, preparing to move to the final voting stage.

- Pakistan establishes the PDAA to manage digital assets, aiming to unlock a $25 billion market and attract global investment.

- Bitcoin Suisse is licensed to operate in Abu Dhabi, marking its first expansion outside Europe amid growing interest from the Middle East.

🚀 Projects & Investments

- $WLD (Worldcoin) successfully raises $135M from a16z and Bain Capital, focusing on expanding World ID and its network in the U.S.

- VanEck will launch a private digital asset fund in June 2025, prioritizing the Avalanche ecosystem and upcoming TGE projects.

- WLFI announces the purchase of BUILDon tokens (BSC-based memecoin) – now listed on Binance Alpha, encouraging the use of USD1 as the base trading pair.

- Solana Mobile confirms the launch of the Seeker phone on 04/08/2025, while also introducing a new ecosystem token $SKR.

📌 Legal & Scandal

- The CEO of SafeMoon has been convicted of fraud, facing a 45-year prison sentence for embezzling over $9M from investors – a warning bell for projects lacking transparency.