Bitcoin’s rally takes a pause pending US inflation data, but institutional investor demand remains strong. Key takeaways: Bitcoin is stuck below $110,000 due to macroeconomic uncertainty and Nvidia's earnings cap risk appetite. Strong spot BTC ETF inflows and Bitcoin options data are hints that US economic clarity could unlock BTC highs. Read more
The US regulator has issued guidance on several crypto-related activities, but has yet to clarify rules on staking. Cryptocurrency industry groups are urging the US Securities and Exchange Commission (SEC) to issue formal guidance on staking, citing continued regulatory uncertainty for Web3 infrastructure providers, according to Allison Muehr, head of staking policy for the Crypto Council for Innovation, a trade group. Clarifying the SEC’s position on staking has become a top priority for the crypto industry, Muehr said during Solana’s Accelerate conference in New York. “We’re about 25% of the way there,” Muehr said. “The SEC has done more constructive engagement with us in the past four months than in the last four years, but we still don’t have formal staking guidance.” Read more
Bitcoin continues to be bought at each dip, but overcoming a critical overhead resistance could determine the next steps for many altcoins. Key points: Bitcoin ETPs continue to witness solid buying, signaling that the bulls expect the uptrend to continue. Several major altcoins witnessed a pullback, but lower levels continue to attract buyers. Read more
The Trump Media and Technology Group told the Financial Times that “dumb writers” were behind a report citing six sources that it was planning to raise $3 billion to buy crypto. Update (May 26, 9:27 pm UTC): This article has been updated to include a statement from Truth Media and Technology Group. Trump Media and Technology Group, the company behind US President Donald Trump’s Truth Social platform, has rebuffed a report that it’s planning to raise $3 billion in a mix of equity and convertible bonds to buy Bitcoin and other cryptocurrencies. The Financial Times reported the company’s plan on May 26, citing six people briefed on the matter, but Trump Media told the outlet that, “apparently the Financial Times has dumb writers listening to even dumber sources.” Read more