CMC Market Pluse | 24 May 2025
Highlights this week:
Strategy has acquired 7.390 BTC for $764.9M at an average price of $103,498 per Bitcoin.
Strategy announces an agreement to sell 10% Series A Perpetual Strife Preferred Stock (STRF) for an aggregate offering price of up to $2.1B.
Texas passes their strategic Bitcoin reserve bill, with a vote of 101-42.
Major project updates:
Succinct Labs introduces Hypercube, enabling the ability to prove Ethereum mainnet blocks in less than 12 seconds, creating the first zkVM to achieve real-time Ethereum proving.
Anza introduces Alpenglow, a new consensus protocol for Solana designed to reduce transaction final latency by 100x to compete with centralized infrastructure.
#Celestia Lotus upgrade is now live, reducing inflation and bringing native TIA interoperability via Hyperlane.
#Sei introduces the whitepaper for Sei Giga, the reimagined multi-proposer infrastructure for the Sei blockchain to bring it to 200K TPS.
