Crypto funds hit a new ATH in May with $7.05B in net inflows.

Market uncertainty is pushing institutional capital toward digital assets for diversification and protection.

New weekly research for you, guys 💎

General
➖ Crypto.com: Alpha Navigator: Quest for Alpha [May 2025]
➖ Crypto.com: Research Roundup Newsletter [May 2025]
➖ Binance: Weekly: Circle Goes Public, Exchange Balances Low, ECB Makes 8th Rate Cut
➖ Galaxy: Weekly Top Stories - 6/6

Market
➖ CoinShares: Inside the 13F Filings of Bitcoin ETFs Q1 2025, the institutional investors rebalance
➖ CoinShares: Market update - June 06, 2025
➖ CoinShares: Digital Asset Fund Flows | June 9th 2025
➖ CoinShares: It feels a lot like 2020
➖ Crypto.com: Crypto Options
➖ Coinbase: Weekly: Spotlight on Stablecoins
➖ Binance: Monthly Market Insights - June 2025
➖ The Defiant: Tokenized Real-World Assets Surge 260% in 2025
➖ Glassnode: Seasoned Holders Taking Profit
➖ Glassnode: Market Recovery
➖ Galaxy: Soft Data, Hard Questions for the Economy

DeFi
➖ Crypto.com: Interest Rate Derivatives and Pendle

Blockchains & networks
➖ 4 pillars: mETH Protocol: Next-Generation Ethereum Staking Infrastructure for Institutions
➖ Galaxy: Backing RISE Chain: Scaling Ethereum with Infinite Speed and Decentralization at its Core
➖ Galaxy: Backing Row64: Real-time, Interactive business intelligence

Tokens & currencies
➖ 4pillars: Structural Debates of Stablecoins [Part 1]
➖ 4pillars: Stablecoin Issuance Pipeline [Part 2]
➖ 4pillars: Global Stablecoins Use Cases [Part 3]
➖ 4 pillars: Proposals for Issuing KRW-Denominated Stablecoins [Part 4]
➖ 4pillars: Accounting, Taxation, and Regulatory Challenges of Stablecoins [Part 5]
➖ 4pillars: APPENDIX. Frequently Asked Questions on Stablecoins

ETH staking has reached a new ATH.

Ethereum keeps setting records as network confidence grows.

Ether.fi is gaining ground while Lido sees outflows.

In six months, Ether.fi’s staked ETH rose 30%, as Lido’s dropped 9%, cutting its market share from 30% to 25.6%.

Crypto chatter is shifting toward AI, with rising focus on James Wynn and Strategy.

SOL, LOUD, and meme coins saw sharp spikes in social volume as narratives took hold.

In 2020, we saw reversals similar to those that are happening on the market now.

But this time the previous waves were neither big nor small, so they are a little difficult to interpret. It doesn't look like a full-fledged bull market, but it doesn't look like a mini-bull market of 2019.

CEXs dominate the crypto options trading volume, with an average monthly trading volume of $97 billion in the past 12 months.

In contrast, DEXs’ notional volumes were around $877 million in the same period, according to DefiLlama.

Active loans exceeded $26.2 billion for the first time in history.

Aave accounts for 66% of the total lending market.

Even though it was short-lived, this round of the Plasma sale saw more than twice as many wallets participate as the first.

$500 million was contributed in just 151 blocks, and the distribution continued to improve.

About 30% of all bitcoins are controlled by 216 centralized organizations, including governments and public companies.

This dynamic may indicate the growing interest and influence of institutional investors and the market's transition to a more centralized model of asset storage.

TRON set a new record: $700B in transfers, of which $411B was from whales.

In May alone, $694.54 billion worth of USDT was transferred on TRON. That's an ATH.

The blockchain landscape witnessed several high-profile launches in early 2025, each promising unique value propositions.

Six months in, the data reveals a sobering picture of post-launch traction.

Here's my article on the state of new chains, featuring Berachain, Abstract, Unichain, Ink, and Worldchain.

Open interest in ETH futures has reached a new ATH, exceeding $20 billion.

Despite a slight pullback from the $2.8 thousand level, leverage continues to grow, and traders are increasing volumes.

It’s GOAT Network’s time to shine.

Over the past month, the network’s TVL has skyrocketed by 4,694%.

Binance Alpha's trading volume has been declining after peaking at $2.04 billion on June 8.

Already in mid-June, it is about $777 million – a decrease of 62%.

The inflow of BTC to Binance from whales and retail traders has fallen to the lowest level since the beginning of this cycle.

This model indicates a strong retention preference, not sales.