Today's Preview
1.The U.S. Conference Board Consumer Confidence Index for May will be released today (previous: 86).
2.The Dallas Fed Manufacturing Business Index for May will also be published (previous: -35.8).
3.Bitcoin Las Vegas 2025 will take place from May 27 to 29, featuring Vice President J.D. Vance, Silk Road founder Ross Ulbricht, and Strategy founder Michael Saylor among the attendees.
Macro & Hot Topics
1.U.S. Crypto Legislation Nears Final Sprint: Legislative efforts surrounding market structure and stablecoin regulation are accelerating. House Financial Services Committee Chair French Hill announced a second full hearing for June 4, followed by a markup on June 10. With just under 70 days until President Trump’s self-imposed August 4 deadline, skepticism remains over whether the market structure bill can pass in time. Meanwhile, the SEC’s crypto task force has held 104 meetings with industry stakeholders, engaging in discussions on regulatory clarity and potential “safe harbor” frameworks with projects like Ripple. The GENIUS stablecoin bill may pass through the Senate and be sent to the House, potentially becoming law before the market structure bill. This week, several pro-crypto legislators and officials will speak at Bitcoin Las Vegas, including VP Vance, Senators Lummis and Hagerty, Michael Saylor, and members of the Trump family.
2.Trump Media Denies $3 Billion Crypto Purchase Plan: Trump Media & Technology Group (TMTG) denied a
Financial Times report claiming it planned to raise $3 billion to invest in Bitcoin and other cryptocurrencies via $2 billion in stock issuance and $1 billion in convertible bonds. The company stated the report stemmed from "a foolish author who listened to even more foolish sources," according to
Cointelegraph.
3.Strategy Acquires 4,020 BTC: Michael Saylor announced that Strategy acquired 4,020 BTC for approximately $427.1 million at an average price of $106,237. As of now, the firm holds 158,250 BTC acquired for about $4.061 billion, with an average cost basis of $69,979. Their BTC investment has returned an annualized yield of 16.8% so far this year.
4.EU and U.S. to Accelerate Trade Talks: The European Commission confirmed that trade negotiations with the U.S. are gaining momentum following a call between President Trump and EU Commission President Ursula von der Leyen. Trump agreed to delay a proposed 50% tariff on EU goods to July 9, citing a “pleasant call.”
Market Overview
1.BTC Consolidates Near $110K: BTC is hovering around $110K with mixed market action. TON wallet-related token $VERT leads gainers, WKFI's new stablecoin $USD1 has launched, and recently listed $HUMA is trending downward.
2.U.S. Markets Closed on Monday: U.S. stock markets were closed; futures rose over 1%. European equities rebounded with auto stocks leading. The euro hit a monthly high, while gold declined.
3.Bitget BTC/USDT Liquidation Map: At a spot price of 109,442 USDT, a 2,000-point drop to 107,442 could trigger over $780M in long liquidations. A 2,000-point rise to 111,442 would liquidate $570M in shorts. Long liquidations notably outweigh short ones — leverage control is advised.
4.BTC Spot Flows (Last 24H): Inflows: $1.99B | Outflows: $1.95B | Net Inflow: $40M ![Image]
5.Leading Perp Net Outflows (Last 24H): $SOL, $PEPE, $DOGE, $HYPE, and $WLD topped outflows — potential trade setups ahead.
Institutional Insights
1.Greeks.live: Market sentiment is cautiously bearish with key BTC support at $106K–$107K.
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2.Matrixport: Broader capital participation is needed to sustain BTC’s upward trend.
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3.10x Research: Suggests bearish put spread strategies as MSTR decouples from BTC.
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News Recap
1.U.S. crypto legislation enters critical phase ahead of Bitcoin Las Vegas.
2.Pakistan PM appoints special advisor for blockchain and crypto.
3.Trump Media denies $3B crypto investment rumors.
4.President Trump: "The whole world wants to make a trade deal with us."
5.Florida proposes bill to eliminate capital gains tax on BTC.
Project Updates
1.Hippo: Initiates buyback and burn of HIPPO tokens.
2.Dubai Land Dept & Ctrl Alt: Launch real estate tokenization project on XRP Ledger.
3.Lagrange Labs: LA token airdrop registration starts May 28.
4.Brian (AI Trading Engine): Shuts down, founder criticizes VC focus on speculation.
5.Strategy: BTC average cost approaches $70K.
6.Synthetix + Derive: Withdraw $27M merger proposal.
7.Coinbase: Supports major Base upgrade to rival Solana.
8.Cetus: Releases hack report, plans LP compensation and stricter audits.
9.Circle: Denies acquisition rumors involving Coinbase or Ripple.
10.On-chain data: WETH, GT, MKR wallet creation surging, signaling altcoin capital rotation.
X Highlights
1. Yuyue: Missing Hype Isn’t the Problem — Missing the Big Picture Is
The real regret isn't missing Hype’s 4x rally, but failing to capitalize on SOL at $98, ETH at $1,400, or BTC at $75K. It's not about FOMO on small caps — it's about poor judgment on high-confidence plays. Key reflections:
PnL is the only score that matters.
Don't mistake pumps for lost opportunities; focus on opportunity cost.
Stick to your strategy — don’t waver based on what wasn’t yours to begin with.
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2. Crypto_Painter: James Is Trading on Emotion, Not Strategy
James has entered a “rage-trading” state — over-leveraged, short-term, emotional trades, including a recent $800M long in illiquid hours with a tight liquidation threshold. This isn’t strategy. It’s ego. True traders don’t let impulse define position size.
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3. 0xKevin: Kaito Is Becoming the Core of the Airdrop Narrative Funnel
No longer just an AI writing tool, Kaito has evolved into a content-to-token launch hub, integrating DeFi, governance, and content with mechanisms like Yap Points and Kaito Earn. For KOLs: a low-cost way to grow influence. For retail: an entry point into meaningful content creation and token access.
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4. LuYaoTrader: Only 5% of Altcoins Worth Swing Trading Right Now
Out of the top 200 tokens by volume, only 10 still show strong bullish structures: PEPE, TAO, PENDLE, WIF, RUNE, AAVE, DOG, PNUT, HYPE, MUBARA. Focus on blue-chips or sector leaders; avoid low-quality bets in structurally weak markets.
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