Bitcoin & Ethereum Soar Amid FOMO Wave and Key Market Signals
With U.S.–China trade talks fueling risk-on sentiment, Bitcoin attracted over 344,620 new wallets and topped $103,800 for the first time since January. Ethereum delivered a 20% one-day gain after its Pectra upgrade, while analysts record historic liquidations and forecast $120,000 Bitcoin by July. Meanwhile, stalled stablecoin legislation and high-profile corporate and regulatory moves add layers of complexity.
Bitcoin FOMO, Whale Profit-Taking & Liquidations
– 344,620 New Wallets: According to Santiment, FOMO drove 344,620 fresh Bitcoin addresses this month, coinciding with a peak at $103,800 .
– Whale Profit-Taking: Major holders sold over 60,000 BTC during the recent rally, signaling profit-taking at elevated prices.
– Record Short Liquidations: The largest 24-hour short squeeze since 2021 saw $837.8 million in shorts liquidated, underscoring a squeeze of bearish positions.
Ethereum’s Pectra Upgrade & Crowd Sentiment
– 20% One-Day Jump: The Pectra network upgrade sparked a 20% rally in Ethereum—the biggest single-day gain since May 2021—driven by renewed risk appetite and U.S.–China trade optimism .
– Against the Crowd: Santiment notes that, despite calls to dump ETH and chase memes, Ethereum climbed past $2,075 for the first time in six weeks—rewarding disciplined holders.
Macroeconomic & Geopolitical Drivers
– China Tariff Cuts: The U.S. administration is weighing cutting China tariffs from ~60–61% down to 50–54% ahead of Switzerland talks .
– Bitcoin vs. Amazon: By market cap, Bitcoin has surpassed Amazon, becoming the fifth-largest asset globally.
– Put/Call & Risk Appetite: The overall put/call ratio fell to its lowest since January 2021, while daily 0DTE option volume topped 2 million contracts—five times Q1 2022 levels—signaling peak bullish positioning.
Regulatory & Legislative Developments
– GENIUS Act Fails: The U.S. Senate rejected the GENIUS Act stablecoin bill amid Democratic opposition and conflict-of-interest concerns; other crypto bills’ prospects have dimmed until a new vote next Monday.
– Trump Income Threshold Proposal: Plans are under discussion to raise the tax-exempt income threshold to $2.5 million.
– Treasury Roundtables: The U.S. Treasury will hold multiple crypto-industry roundtables next week.
Institutional & Corporate Highlights
– Rumble & Tether Wallet: Rumble and Tether announced a joint Bitcoin and stablecoin wallet launch in Q3.
– SEC & Ripple Settlement: Ripple will pay $50 million of a $125 million penalty, after which both parties will withdraw their appeals.
– XRP Holdings by Whales: Whales have accumulated over $880 million in XRP over the past month.
– Jump Crypto & Securitize: Jump Crypto invested in Securitize to expand client access to tokenized assets.
Legal & Strategic Moves
– Mashinsky Sentenced: Celsius founder Alex Mashinsky received a 12-year prison sentence for crypto fraud.
– Meta Explores Stablecoins: Meta is reportedly revisiting a stablecoin project, three years after shuttering Diem.
Ecosystem Innovations
– Shib Wallet Launch: Shiba Inu released a smart multichain wallet featuring transaction automation, gasless transfers via Account Abstraction, multisig support, and biometric security.
– Avalanche Codebase Season 4: Avalanche kicked off the fourth season of its Web3 incubator, having supported 25 startups to date.
– Bitcoin Bridge to Cardano: Bitlayer and Sundial Protocol are building a BitVM-based Bitcoin bridge to Cardano to bring BTC liquidity on-chain.
– Galaxy Digital & Zodia Custody: Galaxy Digital partnered with Zodia Custody to expand staking services in Europe.
CONCLUSION
A surge of new Bitcoin addresses and record liquidations reflect fresh bullish momentum, while Ethereum’s upgrade rewards patient investors. Yet, stalled stablecoin legislation, high-stakes trade talks, and evolving regulatory landscapes demand a balanced approach. Investors should blend long-term conviction with tactical hedges, keeping a close eye on key technical levels and policy developments.
News
Bitcoin Enters Price Discovery as Whale Trades and Macro Signals Roar
Bitcoin hits new all-time highs eyeing $116K–$148K levels, a 40× whale long nets $40M, Fed’s $50B self-buy sparks hyperinflation warnings, and analysts see BTC at $120K+ soon.
Whale Opens $830 M 40× BTC Long; Hayes & Novogratz Issue Bold Crypto Forecasts; Key Legislative and Tech Updates
A BTC whale takes a $830 M 40× long, Bitcoin logs six consecutive green weeks, the GENIUS Act advances in the Senate, and Arthur Hayes predicts ETH at $10K–$15K as Solana’s Alpenglow upgrade nears.
GENIUS Act Advances in Senate as Crypto Markets Rally on Regulatory Clarity and Network Milestones
The GENIUS Act moves to full Senate debate ahead of Memorial Day, while Bitcoin and altcoins benefit from reduced exchange reserves, protocol upgrades, and bullish forecasts from industry leaders.
Bitcoin Closes at $106,500, Dollar Falls After Moody’s Downgrade, and Hayes & Novogratz Forecast Crypto’s Next Moves
Bitcoin hit a record weekly close of $106,500; the dollar slid to 100.85 after Moody’s downgrade; Arthur Hayes forecasts a summer altseason and $250K BTC, Michael Novogratz sees a $22 trillion crypto market.
Key Crypto and Market Updates: Arrests, Network Milestones, and DeFi Developments
Ex-Binance exec arrested for $15M fraud; Avalanche hits 1.95M active addresses; over 1M ETH withdrawn from exchanges; Fusaka devnet on May 26; MetaMask adds Solana; consumer sentiment at 43-year low.
