Investors are eyeing upcoming macro events, including a potential US-EU trade dispute after President Trump's consideration of 50% tariffs on EU goods, which he has now delayed until July 9. The move follows a "good call" with EU Commission President Von der Leyen. Meanwhile, oil chiefs warned of an impending end to the US shale boom, despite Trump's pledge to boost production. The Fed's Powell urged US university students to protect democracy, as global politics and trade tensions continue to shape market sentiment.
In crypto, the global crypto market cap decreased 1.7% over the week end to $3.45tn. The total crypto market 24h is currently around $100bn.
In the past 24 hours, crypto liquidations increased 16% and totaled $203, with 54.5% of them long positions. ETH positons made up more than 23.6% of all liquidated positions while BTC positions made up 20.2% of all liquidated positions.
On May 23, U.S.-listed spot Bitcoin ETFs saw a net inflow of $211.74 million, marking a noticeable cooldown after the $934.74 million surge recorded a day prior. The day’s activity was dominated by BlackRock’s IBIT, which absorbed a $430.77 million of fresh capital, continuing its lead in both daily and cumulative flows. IBIT now holds over $71 billion in net assets, reinforcing its position as the most significant vehicle for institutional Bitcoin exposure. However, this headline inflow was partially offset by large redemptions elsewhere. Grayscale’s GBTC recorded $89.17 million in net outflows, while Ark & 21Shares’ ARKB and Fidelity’s FBTC shed $73.89 million and $73.69 million, respectively. Altogether, these three ETFs lost a combined $236 million, suggesting a substantial rotation of capital rather than a broad retreat from the asset class. Zooming out, the trend over the past five sessions still reflects strong investor interest, though May 23 marked the lowest daily net inflow of the week. The moderation in flows may point to short-term consolidation after aggressive allocations earlier in the week. Still, the resilience of IBIT’s inflows suggests that demand remains firmly intact for select issuers, even as others face persistent outflows.
Spot Ethereum ETFs saw net inflows of $58.63 million, with nearly all of that coming from BlackRock’s ETHA, which alone absorbed $52.84 million in new capital. ETHA continues to cement its lead, now managing $3.44 billion in net assets and accounting for a significant share of total flows since launch. While the overall inflow was smaller than the previous day’s $110 million, it still represents a positive continuation of the recovery trend that began earlier in the week. After a sluggish start — with only $587K in net inflows on May 21 — investors have now committed over $169 million in just the past three sessions. The growing pace of inflows appears to be stabilizing Ethereum’s ETF market after scattered redemptions earlier in the month, including a notable -$39.79 million outflow on May 15. Outside of ETHA, activity remained muted. Grayscale’s new ETH trust saw a small $5.79 million inflow, while other issuers recorded no net changes for the day. Cumulatively, total net inflows across all Ethereum ETFs now stand at $2.76 billion, with total assets under management settling at $9.12 billion — just below the peak earlier in the week, suggesting some rotation or valuation impact.
US BTC ETF Flows - source: SoSoValueUS ETH ETF Flows - source: SoSoValue
The American Bankers Association and four other US banking groups have petitioned the Securities and Exchange Commission to repeal its cybersecurity incident public disclosure requirements, arguing that the rule compromises national cybersecurity efforts, interferes with incident response, and creates market confusion, among other issues.
The top 220 holders of Donald Trump's memecoin spent $148 million to attend an exclusive dinner and VIP reception with the president at his Virginia golf course, sparking concerns about corruption, foreign influence, and crypto policy discussions. The US Justice Department was called upon by 35 House members to investigate the dinner hosted by Donald Trump for his top memecoin investors, due to concerns about potential foreign influence, corruption, and emoluments clause violations, given the likely presence of foreign nationals among the attendees. US House Speaker Mike Johnson has brushed off concerns and declined to comment.
The World crypto project has sparked controversy over its use of biometric iris scans to verify human uniqueness, with critics arguing that its centralized and proprietary approach undermines the principles of decentralization and digital privacy, despite the project's claims of prioritizing user control and anonymity.
Cardone Capital has launched the 10x Miami River Bitcoin Fund, a dual-asset fund combining a 346-unit multifamily property in Miami with $15 million of Bitcoin, which will convert a portion of its monthly cash flows to Bitcoin to potentially achieve higher returns than traditional real estate investments.
Pakistan has allocated 2,000 megawatts of surplus electricity for bitcoin mining and artificial intelligence centers, aiming to attract billions in foreign investment and generate high-tech employment, while also introducing a regulatory framework and tax incentives to support the growth of its digital economy.
Coinbase and its executives are facing a proposed class-action lawsuit over the company's stock price drop after disclosing a user data breach and allegedly violating an agreement with a UK regulator, which resulted in significant losses for stockholders.
The Cetus decentralized exchange hack was caused by an exploit of the liquidity parameters in the automated market maker, which was made possible by a flaw in the most significant bits check, allowing hackers to manipulate and drain hundreds of millions of dollars worth of tokens from the pools. They offered a $6 million white hat bounty to recover $220 million in stolen digital assets after freezing $162 million of the funds, raising concerns about decentralization on the network. Initially they offered a bounty to the hacker to return most of the stolen funds in exchange for no legal action, sparking backlash from users and raising concerns about centralization risks in the Sui network.
Blockstream CEO Adam Back led a $2.2 million funding round for Swedish health tech company H100 Group AB, which will use the funds to purchase Bitcoin, adding to its existing stash and marking a significant investment in the cryptocurrency.
James Wynn, a prominent hyperliquid trader, has increased his highly leveraged long bitcoin bet to $1.25 billion after closing his $PEPE position for a substantial profit and adjusting his other cryptocurrency positions.
Scammers are sending physical letters posing as Ledger, a hardware wallet manufacturer, to crypto users, instructing them to validate their wallets through a malicious QR code link, in a latest phishing attack targeting the cryptocurrency industry.
Tether, the issuer of the stablecoin USDT, has refused to comply with the European Union's Markets in Crypto-Assets (MiCA) regulation, citing concerns over financial risks, privacy, and the potential for the rules to backfire, and is instead focusing on expanding its operations in more crypto-friendly jurisdictions.
Hyperliquid, a decentralized perpetuals exchange, has submitted formal comments to the US Commodity Futures Trading Commission regarding 24/7 derivatives trading, demonstrating its commitment to advancing the DeFi space and promoting regulatory understanding of perpetual derivatives and 24/7 trading.
Genius Group, a Singapore-based AI firm, has resumed accumulating Bitcoin after a US court ruling, increasing its treasury by 40% with a $2.7 million purchase, bringing its total holdings to 85.5 BTC as part of its long-term commitment to the digital currency and its 2025 plan.
The US Senate has advanced the GENUIS Act, a landmark bill establishing a comprehensive regulatory framework for stablecoins, while Representative Tom Emmer has reintroduced the Blockchain Regulatory Certainty Act, aiming to provide legal clarity to developers and service providers, marking significant bipartisan momentum in crypto legislation.
The US Department of Justice has filed a civil forfeiture complaint to seize over $24 million in cryptocurrency from a Russian national accused of developing the Qakbot malware, sending a clear message to the cybercrime community with its latest actions to counter the malware scheme.
Hackers hijacked Curve Finance's DNS system on May 12, 2025, redirecting users to a malicious website in an attempt to drain their wallets, marking the second attack on the protocol's infrastructure in a week and highlighting the vulnerability of DNS systems to hijacking attacks.
Texas Governor Greg Abbott has signaled support for a bill to establish a strategic cryptocurrency reserve, which is part of a broader trend of state and federal governments considering similar legislation to promote the adoption and regulation of cryptocurrencies like Bitcoin.
Semler Scientific, a medical device company, purchased $50 million worth of bitcoin between May 13 and May 22, increasing its bitcoin holdings to $474.4 million and solidifying its position among the top 13 companies with bitcoin treasuries.
