Cryptocurrency market news
The next wave of innovation in the financial sector might not come only from startups — but also from century-old banks entering the Web3 space with regulatory support and billions in capital to deploy https://crypto-explorer.net/category/dogecoin/.
Add to that, a record number of BTC transactions in one day, the SEC’s review of the first XRP ETF, and a memecoin explosion driven by viral toys, and one thing is clear: crypto is no longer a sideshow — it’s part of the global agenda.
The memecoin LABUBU, built on the Solana blockchain, surged by an astonishing 5,934% in just two weeks. The reason? The viral explosion of Labubu toys — collectible keychains with a cute and quirky design that have taken social media by storm.
Meme-inspired tokens have seen volatile action. In early May, Dogecoin (DOGE) and Shiba Inu (SHIB) helped lead a mini-rally: DOGE jumped about +5% in late April/early May, temporarily making it the top performer among big memes. SHIB also gained, trading around $0.0000135 (up ~2% in 24h on May 2). However, by the Fed week (May 6), this momentum cooled. DOGE was trading near $0.16 and actually slipping ~2% that day, and SHIB also flattened out, as traders rotated into more mainstream assets.
At press time, Bitcoin has a market capitalization of $ 2.11T after losing -1.48% in the last 24 hours. According to our forecast, the value of Bitcoin will drop by null% and reach null by May 30, 2025. To learn more about how the price of Bitcoin could change over the next 7 days, visit our Bitcoin price prediction page.
Cryptocurrency market news today
Banks say they’re staying risk-averse, but the community labels it as regulation masquerading as bias. If signed into law, the order may put an end to unfairness and let in financial services for blockchain startups.
The other significant issue of the day’s Crypto News is the pending Stellar Protocol 23 upgrade. On September 3, 2025, this upgrade will introduce smart contracts, accelerated transactions, and greater scalability.
Banks say they’re staying risk-averse, but the community labels it as regulation masquerading as bias. If signed into law, the order may put an end to unfairness and let in financial services for blockchain startups.
The other significant issue of the day’s Crypto News is the pending Stellar Protocol 23 upgrade. On September 3, 2025, this upgrade will introduce smart contracts, accelerated transactions, and greater scalability.
A big headline in Crypto News today is the White House’s new move against crypto discrimination. A draft executive order is under development that can penalize banks for closing the accounts of digital coin businesses on political or financial grounds.
Cryptocurrencies are digital or virtual currencies that use cryptographic methods to secure transactions and control the creation of new units. Unlike traditional fiat currencies, which are issued and regulated by central authorities such as governments or central banks, cryptocurrencies operate on decentralized networks. These networks often employ blockchain technology, a public ledger system that records all transactions transparently and immutably.
Latest cryptocurrency market news may 2025
The cryptocurrency market in May 2025 was marked by broad-based gains, technical breakouts, and evolving macroeconomic narratives. Across the top assets analyzed—Bitcoin, Ethereum, Toncoin, Ripple, Binance Coin, Solana, Dogecoin, TRON, Cardano, and Shiba Inu—a pattern of strong early-month momentum followed by consolidation and technical retracement emerged as the dominant theme.
Coinbase revealed that it fell victim to a significant cyberattack, forecasting losses of $180 million to $400 million from the incident. In a May 15 regulatory filing, the exchange said hackers breached account data of a “small subset” of customers by bribing several employees of overseas support contractors for internal access. The attackers obtained some customer personal data (names, addresses, emails) but did not compromise passwords or keys, and some users were tricked into transferring funds to the scammers. Coinbase immediately fired the staff involved and refused to pay the hackers’ $20 million ransom demand. Instead, the company is cooperating with law enforcement and has offered a $20 million reward for information to help identify and capture the perpetrators. Coinbase stated it will reimburse any customers who lost funds in the scam and has strengthened its security controls following the breach. This incident – one of the costliest hacks in crypto to date – underscored ongoing security challenges even for industry-leading exchanges.
At least one top wealth management platform will announce a 2% or higher recommended Bitcoin allocation. For a variety of reasons, including seasoning periods, internal education, compliance requirements, and more, no major wealth manager or asset management firm has yet to officially add a Bitcoin allocation recommendation to investment-advised model portfolios. That will change in 2025, and this will further swell the flows and AUM of U.S. spot-based Bitcoin ETPs. -Alex Thorn
The cryptocurrency market in May 2025 was marked by broad-based gains, technical breakouts, and evolving macroeconomic narratives. Across the top assets analyzed—Bitcoin, Ethereum, Toncoin, Ripple, Binance Coin, Solana, Dogecoin, TRON, Cardano, and Shiba Inu—a pattern of strong early-month momentum followed by consolidation and technical retracement emerged as the dominant theme.
Coinbase revealed that it fell victim to a significant cyberattack, forecasting losses of $180 million to $400 million from the incident. In a May 15 regulatory filing, the exchange said hackers breached account data of a “small subset” of customers by bribing several employees of overseas support contractors for internal access. The attackers obtained some customer personal data (names, addresses, emails) but did not compromise passwords or keys, and some users were tricked into transferring funds to the scammers. Coinbase immediately fired the staff involved and refused to pay the hackers’ $20 million ransom demand. Instead, the company is cooperating with law enforcement and has offered a $20 million reward for information to help identify and capture the perpetrators. Coinbase stated it will reimburse any customers who lost funds in the scam and has strengthened its security controls following the breach. This incident – one of the costliest hacks in crypto to date – underscored ongoing security challenges even for industry-leading exchanges.
At least one top wealth management platform will announce a 2% or higher recommended Bitcoin allocation. For a variety of reasons, including seasoning periods, internal education, compliance requirements, and more, no major wealth manager or asset management firm has yet to officially add a Bitcoin allocation recommendation to investment-advised model portfolios. That will change in 2025, and this will further swell the flows and AUM of U.S. spot-based Bitcoin ETPs. -Alex Thorn
