- Bitcoin Price Surge: $BTC has surpassed $111,000 for the first time, driven by institutional demand and a supportive U.S. administration. It’s up 18% in 2025, with traders eyeing $125,000 as the next target. Spot Bitcoin ETFs have seen $4.2 billion in inflows in May alone.
- Trump’s Crypto Ventures: Justin Sun, a crypto billionaire, revealed he’s the largest holder of Trump’s $TRUMP meme coin and will attend a dinner with the president. The Trump family’s ventures, including World Liberty Financial and $TRUMP , have raised ethical concerns due to potential conflicts of interest, with profits reportedly exceeding $300 million.
- Coinbase Hack and S&P 500 Inclusion: Coinbase, now part of the S&P 500, faced a cyberattack costing up to $400 million after hackers bribed employees for customer data. Despite this, its stock rose 24% amid the crypto rally.
- Stablecoin Legislation Progress: A U.S. Senate bill to regulate stablecoins is gaining traction, with crypto advocate David Sacks stating it could unlock trillions in demand for U.S. Treasurys. However, some lawmakers oppose it due to Trump’s personal crypto interests.
- Texas Bitcoin Reserve: Texas passed a Strategic Bitcoin Reserve Bill in the House, awaiting the governor’s approval, signaling growing state-level crypto adoption.
- Security Concerns in France: Violent kidnappings targeting crypto executives’ families in France have raised alarms, with criminals demanding ransoms in untraceable cryptocurrencies.
- New Hampshire’s Crypto Push: New Hampshire became the first U.S. state to allow its treasury to invest in cryptocurrency, aiming to boost its economy.
- Global Developments: Canada’s clear crypto regulations are attracting firms like Galaxy Digital, while Gemini secured a license to offer crypto derivatives in the EU.
The crypto market remains volatile, with a 1.4% drop in global market cap to $3.64 trillion, though Bitcoin and Ethereum prices are stable. Solana outperformed with a 4% gain. Always conduct your own research before investing, as cryptocurrencies carry high risks.
