Reincarnation Community News on May 25th

1. [SEC 'Relaxes' Staking Activities] (Importance: 30%)

Content: SEC Commissioner Hester Peirce clarified for the first time that PoS/DPoS staking is not within the jurisdiction of securities laws and promised to issue regulatory guidelines.

Analysis: Policy relaxation directly benefits the staking ecosystem such as Ethereum and SOL, but the market reaction is lagging (ETH fell 5.2% simultaneously), and attention needs to be paid to whether institutional funds can enter the market and restore confidence with policy benefits.

2. [Bitwise Predicts Doubling of Institutional Coin Holdings] (Importance: 25%)

Content: Bitwise predicts that global institutions will hold 4.269 million BTC by the end of 2026, worth $426.9 billion, a 37% increase from the current scale.

Analysis: Long-term narrative supports the bottom of BTC, but in the short term, it faces the pressure of liquidity contraction in the US stock market, which may intensify the shock and wash before the Texas bill is passed.

3. [Ledn Fully Turns to Bitcoin Mortgage] (Importance: 20%)

Content: Crypto lending platform Ledn announced the termination of ETH business. From July, it will only provide BTC mortgage loans, and customer assets will be fully managed by custodial institutions.

Analysis: This move strengthens BTC's status as 'digital gold', but the risk of capital outflow from the ETH ecosystem is increased, and staking tokens such as SUI have plummeted 12% in 24 hours.

4. [Giant Whale Gambling Ignites Market Volatility] (Importance: 15%)

Content: James Wynn holds 7,500 BTC long orders (worth $810 million) with 40x leverage, and refuses to close the position despite a current floating loss of more than $8 million; another mysterious whale spent $4.41 million to buy the bottom of Fartcoin.

Analysis: High leverage positions become an unstable factor in the market. The $106,700-107,400 range gathers $156 million in long liquidation orders. If the price rebounds, it may trigger a short squeeze.

5. [Prediction Market Opens Crypto Deposit] (Importance: 10%)

Content: Kalshi allows cryptocurrency deposits, which may attract political game funds into the crypto market.

Analysis: Short-term impact on prices is limited, but Trump's policy bets before the US election may push up volatility.