Here's the latest cryptocurrency and Bitcoin news as of Saturday evening, May 24, 2025:
-
📈 Bitcoin Hits Record Highs
Bitcoin hit a record high, surpassing $111,000, driven by investor optimism about regulatory progress in the United States.
Bitcoin is now eyeing $130,000, as positive market momentum continues.
🏛️ Important Regulatory Developments
The Texas House of Representatives passed a bill to establish a strategic Bitcoin reserve, cementing the state's position as a center for financial innovation.
In the United States, the Senate advanced legislation to regulate stablecoins, reflecting growing support for the cryptocurrency industry.
🏦 Financial Institutions Embracing Bitcoin
JPMorgan Chase announced that it will now offer Bitcoin investment to its clients, despite CEO Jamie Dimon's continued criticism of cryptocurrencies.
⚠️ Security and Criminal Cases
A cryptocurrency millionaire has been accused of kidnapping and torturing an Italian tourist to blackmail him for the keys to his digital wallet, in an incident that has sparked widespread shock.
