Top Stories
Bitcoin lost 4.83% this week to $77,119. Trump’s Iran warning on May 18 triggered $657M in liquidations. The key floor is Strategy’s average cost at $75,537
Vitalik Buterin claims AI-assisted formal verification could become the final form of software development, with major implications for Ethereum and ZK.
Tokenized stocks surge to a $1.5B market cap, with Ethereum, Solana and BNB Chain emerging as the top three contenders in the race to dominate onchain equities.
Solana has reached a new all-time high of $2.8 billion in real-world asset value, alongside 216,000 holders and nearly 12 million stablecoin holders.
U.S. spot Bitcoin ETFs shed $290 million in net outflows on May 15 with zero inflows, as spot Ethereum ETFs recorded a fifth straight day of outflows.
Crypto market cap stands at $2.66T amid neutral sentiment as Bitcoin ($BTC) and Ethereum ($ETH) post gains, as well as DeFi TVL and NFT sales volume surge.
Bitcoin is at $80,832 after dipping to $79,000 mid-week. Powell’s term ends today, Warsh takes over. Every prior Fed Chair transition has crashed BTC by ~82%.
The Senate Banking Committee marks up the CLARITY Act today. The bill splits crypto oversight between the SEC and CFTC. Here is what is actually on the table.
Ronin has completed its migration to Ethereum and introduces new proof of distribution model, marking one of the biggest upgrades in the network’s history.
Ethereum fell 3% this week to $2,304, underperforming Bitcoin. CPI at 3.8% pushed ETH below $2,300. The MA cluster at $2,367 is still unbroken resistance.
XRP dropped to $1.38 mid-week, recovered to $1.50 on May 11, and sits at $1.46. Thursday’s CLARITY Act Senate markup is the only thing that matters for XRP now.
Bitcoin hit $82,000 on May 11 then pulled back to $80,860. The 200-day MA rejected price again. This week: CLARITY Act, Powell’s exit, and CPI all land.