Bitcoin price fluctuates in the range of $107,000-$110,000, with a 24-hour drop of 0.857%. The key support level is $106,000 (if it falls below, it will trigger $6 billion in long order liquidation).

ETH: Current price 2,755.02 USDT, 24-hour increase 4.274%, breaking through the ascending triangle pattern. If it can stabilize above 2,720 dollars, it may accelerate upward.

In the past 24 hours, the entire network saw a liquidation of $568 million in contracts, mainly due to Bitcoin falling below the support level of $108,000, reaching a low of $106,712. The technical analysis shows a "dark cloud cover" pattern, intensifying the battle between long and short orders.

The net inflow of Bitcoin spot ETFs in the United States reached $433.66 million in a single day (BlackRock's IBET accounted for $482 million), with a total inflow of $3.294 billion in May, setting a new high for the year.

U.S. Vice President Vance stated that he still holds a considerable amount of Bitcoin and believes that cryptocurrency is a hedge against the poor policies of Washington and soaring inflation. He also mentioned that the U.S. government will prioritize eliminating the regulations, red tape, and legal battles against cryptocurrency established by the previous administration, aiming to create "innovation-supporting" rules for digital assets and fully integrate cryptocurrency into the mainstream economy.

The Trump administration allows 401(k) retirement plans to invest in Bitcoin, potentially introducing hundreds of billions of dollars of institutional funds.
​​
BlackRock plans to subscribe to 10% of Circle Internet's IPO shares, and Cathie Wood's Ark Investment Management also plans to purchase $150 million worth of Circle IPO stock.

New York City Mayor Eric Adams plans to issue Bitcoin bonds for New York. In addition, Donald Trump Jr. and Eric Trump predicted at the Bitcoin 2025 conference that the price of Bitcoin could surpass $170,000 by the end of 2026, and revealed several business ventures the Trump family is involved in within the cryptocurrency sector.

The Pakistani government has announced the launch of a strategic Bitcoin reserve. Bilal Ben Saqib, the country's blockchain and cryptocurrency special assistant to the prime minister, stated that they are inspired by the United States and will hold Bitcoin and never sell it.

The stablecoin USDC issuer Circle recently froze two Solana wallet addresses related to the LIBRA token team, involving approximately 58 million USDC. The freeze was due to legal disputes arising from the meme coin LIBRA incident.

According to blockchain security analyst ZackXBT, the North Korean hacking group Lazarus Group launched a cyber attack on individual cryptocurrency traders on May 24, stealing over $5.2 million in assets from one trader.

The Nasdaq-listed company DeFi Development Corp has become the first publicly traded company to invest in Solana liquidity staking tokens (LST).

Former CFTC chairman warns that the cryptocurrency market needs stronger regulation, or it will remain in a state of disorder for a long time.

Summary: The cryptocurrency sector is constantly buzzing with news. The positive statements from U.S. Vice President Vance on cryptocurrencies undoubtedly gave the market a shot of adrenaline, and his expectations for policy adjustments have opened up more opportunities for industry players. Meanwhile, the participation plans of institutions like BlackRock in Circle's IPO demonstrate the recognition and positioning of traditional financial giants in the cryptocurrency industry. Additionally, the issuance plans for Bitcoin bonds and the introduction of strategic Bitcoin reserves by various countries are further pushing Bitcoin and other cryptocurrencies towards mainstream adoption.

‍#币圈那点事 #web3 #加密资讯