• The Most Published News
@Strategy (formerly MicroStrategy) has aggressively purchased an additional 4,020 Bitcoin for approximately $427 million at an average price of $106,237 per coin, raising its total holdings to over 580,250 BTC, roughly 2.9% of Bitcoin's circulating supply. This marks its fourth $BTC acquisition in May and reinforces the firm’s role as a leading corporate Bitcoin holder with a year-to-date Bitcoin yield of 16.8% and unrealized profits exceeding $23 billion. Despite these bullish moves, Strategy faces a class action lawsuit alleging it misled investors about the risks and profitability of its Bitcoin strategy. Meanwhile, Bitcoin price momentum remains strong, trading near all-time highs around $110,000 amid institutional inflows and positive technical signals.

• Current Market Trends
Bitcoin continues to show robust institutional demand, with $2.9 billion inflows into Bitcoin ETFs last week and large firms like Strategy expanding holdings. The price has consolidated around the $107,000–$110,000 range after a recent surge above $109,000, with analysts projecting upside potential toward $125,000 in the near term. However, short-term technical indicators signal caution as momentum indicators show bearish divergence and concentrated liquidation risk from highly leveraged whale traders. Meanwhile, altcoins like Solana experience notable growth, supported by increased total value locked (TVL) and memecoin trading, with $SOL price targets approaching $300. Stable overall crypto ETP inflows totaling $3.3 billion last week reaffirm growing institutional confidence.

• Regulations and Policies
US regulatory momentum is accelerating, with Congress pushing stablecoin legislation amid debates over ethics related to crypto investments by political figures such as President Trump. The SEC Crypto Task Force is actively engaging with industry leaders including Nasdaq and DeFi platforms to clarify securities tokenization frameworks and innovate regulatory sandboxes. Pakistan appointed a special assistant to the prime minister focused on blockchain and crypto policy, alongside plans to allocate 2,000 MW electricity to Bitcoin mining and AI data centers aiming to attract foreign investments. South Korea’s presidential candidates pledge crypto-friendly reforms including Bitcoin ETFs and national exchange initiatives, reflecting growing recognition at the government level. Conversely, Luxembourg spotlights virtual asset providers as high-risk for money laundering, prompting heightened scrutiny within the EU.

• Technology and Innovation
Bitlayer’s BitVM smart contract system gained major traction by partnering with Bitcoin mining pools controlling over 31% of Bitcoin’s hashrate to enable DeFi capabilities on Bitcoin without core protocol changes. Solana prepares an ambitious consensus upgrade “Alpenglow” promising sub-150 millisecond finality to enhance dApp performance and resilience. Ethereum achieved a landmark real-time zero-knowledge proof generation capability, advancing scalability prospects despite remaining challenges. Privacy infrastructure also advanced with ZKsync’s launch of “Prividium,” an enterprise-grade privacy chain integrating regulatory compliance for institutional Ethereum users. Meanwhile, real-world asset tokenization thrives as Dubai’s Land Department launched Prypco Mint, a tokenized real estate platform built on the XRP Ledger, targeting $16 billion digital property by 2033.

• Institutional Investor News
Institutional investors remain heavily active, channeling record inflows into crypto products, predominately Bitcoin and Ethereum ETFs, with $3.3 billion net inflows last week reported by CoinShares. Strategy continues to build its Bitcoin treasury to over 580K BTC worth approximately $63.8 billion despite facing lawsuit pressures. France’s Blockchain Group also raised €63.3 million via convertible bonds to expand BTC reserves, targeting 1% of total Bitcoin supply by 2032. The Trump Media & Technology Group announced plans to raise $3 billion through equity and convertible bond sales to acquire Bitcoin and other crypto assets, signaling growing corporate treasury adoption of cryptocurrencies. @YZiLabs invested in Avalon Labs, a Bitcoin-backed DeFi stablecoin and lending platform with over $613 million TVL, aiming to broaden institutional-grade Bitcoin financial services.

• Market Forecasts and Expert Opinions
Multiple technical analyses indicate that Bitcoin's bull cycle remains intact with potential to surpass $125,000 by June and even reach $200,000 within the current cycle, supported by metrics like the Rainbow Chart, RSI, and 200-week moving averages. However, experts caution on short-term overheating due to high unrealized profits (99% of Bitcoin UTXOs) and speculative positioning evidenced by record call option volumes. Analyst Willy Woo highlights growing risk of a near-term correction amid profit-taking by new whales and flattening capital inflows. Despite this, the long-term bullish outlook is supported by strong institutional accumulation, ETF inflows, and macroeconomic risk hedging demand amid global financial uncertainty. Solana is forecasted to grow steadily, with prices potentially hitting $275 in 2025 and $500 by 2029.

• Security and Hacking News
The $SUI blockchain faced a major challenge after a $223 million exploit on Cetus DEX caused the freezing of $160 million in stolen assets, raising decentralization concerns. The incident stemmed from a "math bug"—a flawed overflow check in an open-source library—and recovery plans include security audits, an LP compensation program, and potential community governance decisions on fund release or permanent freeze. Hackers also compromised rapper Migos’ Instagram to leak Solana co-founder Raj Gokal’s sensitive KYC documents after a 40 BTC ransom demand, compounding recent Coinbase data breaches and sparking broader concerns over personal data security in crypto. Notably, suspected North Korean hacker groups stole over $5 million in crypto through multi-signature wallet hacks, indicating persistent state-sponsored cyber threats.

• Conclusion
Today’s crypto market narrative is dominated by aggressive institutional Bitcoin accumulation, led by Strategy and supported by strong inflows into ETFs and growing corporate treasury adoption. Bitcoin’s technical setup remains bullish overall, although short-term bearish signals suggest possible profit-taking or consolidation. Regulatory advances and geopolitical shifts underscore a maturing market environment, with countries like Pakistan, South Korea, and Dubai taking significant steps to integrate blockchain and crypto into national frameworks. Innovations in Bitcoin-native DeFi, consensus upgrades in Solana, and enterprise privacy solutions mark critical technological progress. However, security lapses and high-profile hacks highlight persistent systemic risks requiring vigilance. Investors should balance opportunities in institutional adoption and technological innovation with cautious monitoring of technical momentum and regulatory developments to navigate an increasingly complex crypto landscape.

Daily crypto market update is an AI summarization of important news published in major crypto media in the last 24 hours at the time of sending. The full news story can be found at the URL below.

http://ns3.ai/top-news