Summary
gm, Bitcoin (BTC) has shown resilience, trading around $85,000 despite global economic uncertainties, while Ethereum (ETH) faces challenges with its market dominance nearing historic lows. In regulatory news, South Korea has blocked several crypto exchange apps, including KuCoin and MEXC, on Apple and Google stores due to compliance issues. Meanwhile, Canada is set to launch the world's first spot Solana ETFs with staking capabilities, potentially opening new investment avenues in the cryptocurrency space.

News Headlines
💼 Securitize Acquires MG Stover to Lead Digital Asset Fund Administration

  • Securitize has acquired MG Stover's fund administration business, becoming the largest digital asset fund administrator.
  • The company now manages over $38 billion in assets across 715 funds, including BlackRock's tokenized U.S. Treasury fund.

🏦 Tether, Circle to Face Competition from Banks and Payment Companies

  • The stablecoin industry is evolving with increased competition from banks and payment companies.
  • Up to 50 new stablecoins could emerge this year as financial institutions explore integrating digital assets.

🔐 Vitalik Buterin Emphasizes Importance of Privacy for Individual Freedom

  • Ethereum co-founder Vitalik Buterin argues that privacy is crucial for individual freedom.
  • He warns against government backdoors in privacy systems and advocates for cryptographic solutions.

🌐 OKX Plans U.S. Expansion with California Headquarters

  • Cryptocurrency exchange OKX is expanding services to the U.S. with a new headquarters in San Jose, California.
  • This follows a recent $500 million settlement with the DOJ for operating without proper licensing.

📊 Bitcoin Miners Increase Selling to Cover Operational Costs

  • Bitcoin miners sold around 15,000 BTC in one day, marking the third-largest daily outflow in 2025.
  • Miners' profit margins have decreased from 53% in January to 33% recently due to low prices and high costs.

Market Metrics

Fundraising & VC
1. Fnality International (Post IPO Debt, $27M) - DLT-based wholesale payment system
2. Optimum (Seed, $11M) - High-performance memory infrastructure for any blockchain
3. Rekord AG (Seed, $4.5M) - Blockchain-based verification technology

On-chain Data
1. Arbitrum (ARB) token unlocked today ($25.84M, 2.01%)
2. Parcl (PRCL) token unlocked today ($8.98M, 59.47%)
3. Vana (vana) token unlocked today ($6.29M, 4.03%)
4. ApeCoin (APE) token unlock in 1 day ($6.44M, 1.95%)

Regulatory
⚖️ SEC Delays Decisions on Ethereum ETF Staking

  • SEC postponed decision on allowing Grayscale's Ethereum ETFs to engage in staking until June 1, 2025
  • This affects Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF.

🚨 Homeland Security Investigating Anchorage Digital

  • US Homeland Security's El Dorado Task Force investigating Anchorage Digital Bank.
  • The task force is examining potential financial crimes, contacting former employees.

🌡️ Harvard Study Links Bitcoin Mining to Interstate Air Pollution

  • Harvard research reveals Bitcoin mining operations generate harmful air pollutants affecting communities across state borders.
  • Study highlights regulatory gap and suggests federal policies to address cross-state pollution issues.

📊 Bitcoin Held by Publicly Listed Firms Climbs 16% in Q1: Bitwise

  • Bitcoin holdings among publicly traded companies surged by 16.1% in Q1 2025, reaching 688,000 BTC ($57 billion).
  • Twelve companies purchased Bitcoin for the first time during the quarter.

💰 Bitcoin Surge to $137K by Q3 Possible if US Treasury Continues Liquidity Injections

  • Analysts predict Bitcoin could reach $137,000 if the US Treasury continues liquidity injections into financial markets.
  • Since February, the Treasury has injected $500 billion into markets due to depletion of its Treasury General Account.

Technical Analysis
Bitcoin - Bitcoin has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate. The currency is testing resistance at points 84500. This could give a negative reaction, but an upward breakthrough of points 84500 means a positive signal. The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. The currency is overall assessed as technically slightly negative for the short term.

Ethereum - Ethereum is in a falling trend channel in the short term. Falling trends indicate that the currency experiences negative development and falling buy interest among investors. The currency has support at points 1420 and resistance at points 1860. The currency is assessed as technically negative for the short term.

Governance & Code
🐒 ApeCoin DAO | Apes Co-Host the Global Pizza Party (Preliminary Discussion)
- This proposal seeks $150,000 from the ApeCoin Ecosystem Fund to co-host the Global Pizza Party, an event hosted by PizzaDAO to celebrate Bitcoin Pizza Day on May 22, 2025. 

🦋 Morpho DAO | A Comprehensive Governance Dashboard for Morpho DAO
- This proposal seeks 10,100 MORPHO to develop a comprehensive governance analytics dashboard for Morpho DAO called Gov Navigator.