Crypto Pulse: CIA, Fidelity, Ripple, and Other Key Developments
Arthur Hayes believes the US is unlikely to expand its Bitcoin holdings beyond the nearly 200,000 BTC already seized, citing the country’s rising budget deficit. He views it as unrealistic that any policymaker would support “printing money” to acquire additional Bitcoin .
Trump’s “Papal” Photo
Former President Donald Trump posted a “photo” of himself dressed as the Pope, sparking a wave of memes and social media buzz .
Fidelity: Bitcoin Set to Outperform Gold
Fidelity’s global macro head Jurrien Timmer noted that the Sharpe ratios for gold and Bitcoin have effectively swapped: Bitcoin’s Sharpe is currently –0.40, while gold’s is +1.33. He suggested this signals Bitcoin’s readiness to surpass gold in returns soon .
Barclays & Goldman Sachs on Fed Rates
Analysts at Barclays and Goldman Sachs expect the next Fed rate cut in July, following a surprisingly strong U.S. jobs report .
Bitcoin Breaking Through the $93–100K Cluster
Bitcoin is navigating a dense supply cluster between $93,000 and $100,000; a breakout above $100,000 could open “clear skies” for further gains .
Ripple Secures DFSA License in UAE
Ripple became the first to obtain a DFSA license in the UAE for blockchain payments, granting access to a $400 billion trade market and $40 billion remittance market, and enabling the launch of its RLUSD stablecoin in the region .
Cardano Whales Accumulate ADA
Large Cardano holders added over 410 million ADA in April, demonstrating strong confidence from long-term investors .
Japan Threatens to Dump US Treasuries
Japan has warned it may offload its US Treasury holdings if trade talks do not proceed smoothly .
Unichain Launches TEE-Backed Blocks
Unichain became the first Ethereum Layer 2 to process blocks in a Trusted Execution Environment (TEE) using Uniswap Labs’ Rollup-Boost and Flashbots, reducing MEV and enhancing transparency. Future updates include Flashblocks (splitting blocks into four 200 ms sub-periods) and the UVN network for UNI staking and independent validation .
Goldman Sachs to Tokenize Treasuries
Goldman Sachs plans to tokenize US Treasuries and money-market funds for 24/7 trading, aiming to launch three tokenization projects in 2025 .
Crypto Payments in Cannes
This summer, most shops in Cannes will accept cryptocurrency payments under a city initiative led by Lunu Pay, targeting 90 % merchant adoption .
Brown University Invests in Bitcoin ETF
Brown University invested $5 million in BlackRock’s spot Bitcoin ETF, becoming the third US university to add it to its endowment .
Thumzup Media Files for $200 Million Offering
Thumzup Media filed SEC paperwork for a $200 million equity offering, planning to use proceeds for corporate purposes, including acquiring Bitcoin as a reserve asset .
S&P 500’s 9-Day Winning Streak
The S&P 500 has closed in positive territory nine days in a row—the longest streak since November 2004 .
Orb Mini Biometric Device
World Chain unveiled the Orb Mini, a portable iris-scanning device for quick identity verification on the go .
Jim Cramer on Recession Risk
Jim Cramer stated he does not expect a US recession, despite his track record of contrarian calls .
Sustained Bullish Sentiment
Crypto futures markets still exhibit bullish sentiment levels akin to those seen when price climbed to $93,000 last week .
Ondo Expands USDY to Solana
Ondo extended its USD-denominated treasury token USDY to Solana via a LayerZero bridge integration .
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.
