Crypto Trends – Bitcoin / Post / First Highlights (2025-05-24)
The crypto landscape is ever-evolving, with each day bringing new developments that shape the future of digital assets. In this roundup, we'll delve into the latest trends and news highlights that are capturing the attention of investors, traders, and enthusiasts in the crypto space as of May 24, 2025.
Bitcoin Hits New All-Time High Amid Retail Caution
Despite Bitcoin (BTC) soaring to a breathtaking new all-time high of $111,965.80 on May 22, indicators suggest that retail investors remain cautious. Matt Sigel from VanEck points out that App-store data compiled by Bloomberg Intelligence indicates a 14% decline in crypto-platform downloads year-over-year in April, with notable drops for Binance and Crypto.com. This suggests that while prices are climbing, the retail frenzy seen in past rallies might be absent this time around.
BlackRock’s IBIT ETF Sees Record Inflows
Following Bitcoin's historic rally, BlackRock’s IBIT has emerged as a major beneficiary among US-based exchange-traded funds (ETFs). On May 22, it attracted a staggering $877.18 million in inflows, surpassing traditional investment giants like Vanguard’s VOO. This milestone underscores the growing mainstream acceptance of cryptocurrency as a legitimate asset class.
Market Volatility in Wake of Trump Tariff Proposals
The crypto market experienced a slight tremor as former President Trump proposed a hefty 50% tariff on EU goods. Bitcoin and Ethereum saw declines of 4% and over 3%, respectively. The tariff news, coupled with the controversial TRUMP memecoin gala dinner, has injected further volatility into an already dynamic market.
TRON DAO Expands Payment Infrastructure
TRON DAO announced an expanded integration with Bridge, a stablecoin orchestration platform owned by Stripe. This move reinforces TRON's position as a key player in global payment infrastructure and highlights the increasing collaboration between traditional finance and decentralized networks.
Leveraging LSDFi Amidst Bitcoin Dominance
As Bitcoin's dominance hits a 4-year peak at 63%, altcoins are struggling to keep up. Shane Neagle from The Tokenist provides insights on how to best leverage LSDFi in these market conditions where new tokens continue to proliferate and dilute value.
Cetus Offers $5M Bounty Following Sui Network Hack
Cetus Protocol has issued a $5 million bounty for information leading to the arrest of the hacker who stole $223 million from its decentralized exchange on the Sui network. This bounty, funded by the Sui Foundation and coordinated with cybersecurity firm Inca Digital, highlights growing security concerns in decentralized finance (DeFi).
Pi Network Token Debuts on Kraken with Perpetual Futures
Kraken has launched perpetual futures contracts for Pi Network's PI token with up to 20x leverage. Despite being PI's first major derivatives platform listing, it did not trigger an uptick in token price—suggesting cautious market sentiment towards new derivative products.
Institutional Bitcoin Balance Sheet Adoption Forecasted to Grow
A joint report by Bitwise and UTXO Management predicts that by end-2026, up to 20% of all Bitcoin could be held on institutional balance sheets. The study highlights nation-states as potential top contributors to this trend, reflecting increasing institutional confidence in Bitcoin.
SafeMoon CEO Convicted in $200M Crypto Fraud Scheme
Braden John Karony, former CEO of SafeMoon, has been convicted on all charges related to a $200M crypto fraud scheme. The conviction follows a 12-day trial and signifies ongoing efforts by regulators to clamp down on fraudulent activities within the crypto space.
Ethereum: Wall Street’s Chosen Platform for Tokenization
Danny Ryan and Vivek Raman from Etherealize paint an optimistic picture for Ethereum's role in Wall Street's tokenization efforts. They argue that Ethereum is on track to become the global settlement layer for financial institutions due to its advanced tokenization capabilities and institutional adoption.
In today's fast-paced world of cryptocurrency, staying informed is key to navigating the markets effectively. From Bitcoin's record-breaking highs to institutional adoption trends and regulatory developments—the landscape is rich with opportunities and challenges alike.
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Keep exploring, keep learning, and let's witness together how these trends will shape the future of digital finance!
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