Global markets rallied as President Trump touted "positive" progress in US-EU trade talks, buoying investor sentiment. The S&P 500 (+2.05%), Dow (+1.78%), and Nasdaq (+2.47%) all rose, driven by a stronger-than-expected consumer confidence reading. The US and EU aim to swiftly establish meeting dates, while India offered the US "deep" tariff cuts, excluding grain and dairy markets. Meanwhile, the ECB's Austrian governor called for a rate cut pause until September amid trade tensions, and Bulgaria reaffirmed its plan to adopt the euro in 2026.
In crypto, the global crypto market cap increased 0.47% in the past 24 hours to $3.44tn. The total crypto market 24h increased 20% to $128bn.
In the past 24 hours, crypto liquidations increased 1.4% and totaled $213m, with 53.5% of them long positions. ETH positons made up more than 32.5% of all liquidated positions, with over 65% of ETH liquidated positions being short.
US spot Bitcoin ETFs pulled in $384.85 million in net inflows on Tuesday, marking a continued rebound in demand after the large $934 million spike on May 22. The cumulative net inflow has now reached $44.91 billion, as the strong momentum from last week sustains into the final stretch of May. BlackRock’s IBIT once again dominated flows with $409.26 million in net buying—its second-largest day of inflows this month—bringing its cumulative total above $48 billion. VanEck’s HODL and Bitwise’s BITB also recorded modest inflows, while other issuers like Fidelity and Ark saw small outflows, suggesting selective allocation rather than broad-based demand. Trading volumes remained solid at $3.89 billion, slightly below recent highs but well above early-month averages, with overall assets under management holding steady at $132.89 billion. The trend shows a market rotating into quality: dominant funds are consolidating flows, even as a few competitors see redemptions. Bitcoin’s price strength and the post-holiday resumption in volumes suggest sustained institutional interest heading into June.
ETH ETFs saw $38.77 million in net inflows on Tuesday, a slowdown from last week’s peak but still marking the sixth consecutive day of net buying. The cumulative inflow has now reached $2.80 billion, as investor appetite continues following the recent ETH ETF approvals. BlackRock’s ETHA again led with $32.48 million in inflows, reinforcing its dominance since launch, while Fidelity and VanEck saw modest gains. Trading activity remained solid, with $613 million in total volume and broad gains across the board—every listed ETH ETF posted over 4.9% price appreciation on the day. After the surge seen last week, flows appear to be stabilizing as investors digest early performance and ETF structures. With ETH nearing key price levels, fund inflows suggest continued optimism but with a more measured pace.
US BTC ETF Flows - source: SoSoValueUS ETH ETF Flows - source: SoSoValue
Bitget has launched BGUSD, a yield-bearing stable asset backed by tokenized real-world assets, offering a 4% annual yield and daily crediting to user accounts, as the market for such assets grows to $11 billion amidst increasing regulatory clarity in the US.
Blockchain.com is expanding its presence in Africa, targeting countries like Nigeria, Ghana, Kenya, and South Africa, where governments are beginning to implement crypto regulations, with plans to open a physical office in Nigeria and prioritize license applications in key markets.
Metaplanet, a Japanese investment firm, is trading at a nearly $600,000 per coin Bitcoin premium, more than five times the actual price, as it pushes forward with its plan to purchase 21,000 BTC by 2026, highlighting the importance of understanding net asset value to avoid overpaying for Bitcoin exposure.
Luxembourg has deemed virtual asset service providers as high-risk entities for money laundering in its 2025 national risk assessment, amid the EU's efforts to regulate the cryptocurrency industry and prevent financial crime through the Markets in Crypto-Assets framework.
The United Kingdom is leading the world in increasing cryptocurrency ownership in 2025, with a 24% crypto ownership rate, surpassing other economies including the US, but still trailing behind Singapore, which has the highest crypto ownership rate of 28%, according to Gemini's latest State of Crypto report.
Taurus and Parafin have partnered to deliver blockchain infrastructure to financial institutions in Europe and Latin America, providing an end-to-end solution for digital asset management, including custody, tokenization, and trading services, to accelerate crypto adoption in the regions.
Circle, the issuer of the USDC stablecoin, has launched an initial public offering of 24 million shares of its Class A common stock, applying to list on the New York Stock Exchange under the ticker symbol CRCL, with participation from major US and European investment banks.
Starkware has unveiled Stark Two, a new zero-knowledge prover that enables enhanced privacy and verification on everyday devices, allowing users to generate complex cryptographic proofs directly on their devices, and is set to roll out on Starknet, its Ethereum layer-2 scaling solution, later this year.
Mara Holdings, the world's largest publicly traded bitcoin mining firm, reached a new all-time high in bitcoin mining revenue, exceeding $752 million on May 27, as bitcoin hit a record price of $112,000.
South Korean authorities have arrested a Russian national and are seeking two others who allegedly attempted to rob Korean investors of $730,000 in cash during a fake crypto deal in Seoul, as part of a growing trend of crypto-related violent crimes.
A Standard Chartered report warns that the Solana blockchain is at risk of becoming a one-trick pony for memecoin generation and trading, and may struggle to maintain momentum as trading volumes decline, unless it expands into other sectors that require fast and cheap transaction processing.
Sharplink Gaming, a NASDAQ-listed company, has launched an Ethereum-based treasury strategy, appointed Ethereum co-founder Joseph Lubin as chairman, and secured a $425 million private investment to acquire 120,000 ETH, resulting in a significant surge in its stock price.
BlackRock's in-house portfolio has increased its holdings of the company's Bitcoin exchange-traded fund, iShares Bitcoin Trust, to 2,123,592 shares valued at $99.4 million as of March 31, 2025, demonstrating a growing commitment to cryptocurrency as part of a broader diversification strategy.
Strive, an asset manager founded by Vivek Ramaswamy, has raised $750 million, potentially doubling to $1.5 billion, to invest in bitcoin-related strategies, including buying undervalued biotech companies and distressed bitcoin claims, with the goal of driving sustained outperformance relative to bitcoin itself.
Trump Media and Technology Group, the company owning Donald Trump's Truth Social platform, has confirmed a $2.5 billion capital raise to purchase Bitcoin, consisting of a $1.5 billion stock sale and $1 billion in convertible bonds, to hold the cryptocurrency as a key part of its assets.
Cantor Fitzgerald has closed its first bitcoin lending deal with FalconX and Maple Finance, providing bitcoin-backed loans and marking a significant development in the crypto lending space, which has declined 43% from its all-time high in 2021 but is showing signs of rebound.
Brian Quintenz, US President Donald Trump's pick to chair the Commodity Futures Trading Commission, has disclosed millions of dollars in assets and ties to crypto-related organizations, including Andreessen Horowitz and Kalshi, and outlined steps to avoid conflicts of interest if confirmed as CFTC chair.
A third suspect, William Duplessie, surrendered to the New York Police Department on May 27 and will be charged with kidnapping and false imprisonment in connection with the recent kidnapping, torture, and attempted extortion of an Italian tourist in New York City.
Block, Inc. will launch bitcoin payments on Square, its payments processing arm, starting later this year and fully launching in 2026, allowing merchants to accept bitcoin through existing hardware using the Lightning Network and giving them the option to hold or automatically convert bitcoin to fiat currency.
Nasdaq has filed a 19b-4 filing with the SEC to list a spot ETF for 21Shares, initiating a review process that must be completed by January 18, 2026, and could potentially lead to the approval of the first SUI-tracking ETF in the US.
