🗞 May 5, 2025 cryptocurrency news highlights

【Cryptocurrency】
Musk: AI can replace some government employee functions, the US government is inefficient

【Economy】
With around 16 million virtual asset investors—about 36% of South Korea’s electorate—crypto has become a key issue ahead of the June 3 presidential election. Candidates across party lines are rolling out crypto-friendly policies in a bid to win over this growing voter base.

【Indicators】
Mantra (OM) Price Surge Gains Momentum, Solana Eyes $165, But Cold Wallet’s 4,900% ROI Presale Steals the Spotlight🪙

【More】
Warren Buffett will step down as CEO of Berkshire Hathaway at the end of 2025, ending a 60-year run that turned the firm into a $1.16tr giant.

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Trump to Attend "Cryptocurrency and AI Innovators" Dinner, Single Ticket Price $1.5 Million‼️

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Ethereum stalls at $1,850 resistance zone as volume dries up🔷

Ethereum has struggled to break above the $1,850 level for over a week due to strong technical resistance and low buying momentum. Multiple indicators point to this price zone as a key barrier, and without a significant increase in trading volume, ETH may stay range-bound or face a pullback.

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Solv founder sees BTCFi outpacing Ethereum DeFi on $2t potential💰🔹

Bitcoin's DeFi (BTCFi) sector is emerging with major growth potential, as experts suggest it could unlock $500 billion in value. Solv Protocol is leading this push by offering yield strategies for Bitcoin and has already surpassed $2 billion in total value locked.

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SUI Hits New Levels, Solana Nears $200, While Web3 ai’s $0.0003 Token Could Stand Out in 2025🪙🪙

Crypto momentum is rising, with SUI eyeing a 70% jump to $4 and Solana testing resistance at $155. Meanwhile, Web3 ai stands out by offering 12 AI-powered trading tools, with its WAI token priced at $0.0003 in Stage 1, positioning itself as a data-driven solution for the next market phase.

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SEC Delays Decision on Canary’s Litecoin ETF 🕙

The SEC has postponed its decision on Canary Capital’s proposed Litecoin ETF and is seeking public comments until May 26, with rebuttals due by June 9.

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Trump Declares Full Support for Crypto on National TV 👏

Donald Trump publicly backed cryptocurrency on national TV, saying millions want it. This marks a shift from his earlier stance, as his team pushes to make the U.S. a crypto leader, including plans for a Strategic Bitcoin Reserve.

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Data: Over the past week, the number of active addresses on the Solana network is approximately 24.2 million, ranking first globally

According to Nansen data, the number of active addresses on the Solana network was approximately 24.2 million in the past week, ranking first in the entire network.

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Both of Florida’s Bitcoin Reserve Bills, HB 487 and SB 550, have officially failed after the state legislature adjourned its 2025 session on May 2 without passing them.

The bills were indefinitely postponed and withdrawn from consideration.

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Ripple’s Q1 2025 report shows the company held 4.56bn XRP as of March 31, up 1.7% from the previous quarter, with escrow holdings down to 37.1bn XRP.

At $2.15 per token, Ripple’s XRP holdings are worth $98.6bn. The report also confirmed the acquisition of Hidden Road and ongoing interest in buying Circle.

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UK Treasury Secretary Emma Reynolds ruled out creating a national crypto reserve, saying the approach taken by the U.S. “is not the plan for us.”

Instead, the UK will focus on regulated digital asset frameworks and potential sovereign debt issuance via blockchain, while continuing strategic cooperation with the U.S. on crypto policy.

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🗞 May 6, 2025 cryptocurrency news highlights

【Cryptocurrency】
UK Treasury Secretary Emma Reynolds ruled out creating a national crypto reserve, saying the approach taken by the U.S. “is not the plan for us.”

【Economy】
Trump Declares Full Support for Crypto on National TV 👏

【Indicators】
Ripple’s Q1 2025 report shows the company held 4.56bn XRP as of March 31, up 1.7% from the previous quarter, with escrow holdings down to 37.1bn XRP.

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New Hampshire Governor Kelly Ayotte officially SIGNS bill into law allowing the state to invest in Bitcoin 🙌


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Dogecoin (DOGE) at Risk of Losing Ranking to Tron (TRX)🔴🐶

Tron (TRX) is closing in on overtaking Dogecoin (DOGE) as the eighth-largest cryptocurrency, as both coins face price declines but now have nearly equal market capitalizations.

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Solana Eyes $178 Breakout as Bullish Triangle and Trendline Support Signal Major Rally🪙

Solana (SOL) has broken key resistance levels, confirming a bullish trend supported by strong market momentum. An ascending triangle pattern suggests further upside potential, with SOL staying above its long-term trendline. A continued breakout could lead to significant price gains.

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SEC Eyes Crypto Funding Reform, Targets Regulation A 🎯

The SEC is reviewing Regulation A, which lets startups raise funds without a full IPO, raising concerns for crypto firms using it for token sales. Potential changes could tighten rules and impact industry fundraising.

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Bhutan and Binance Pay launch the world's first national tourism payment system

The Kingdom of Bhutan has now launched the world's first national crypto tourism payment system in partnership with Binance Pay and DK Bank. This innovative initiative allows travelers with a Binance account to use digital assets to pay for almost every aspect of their trip to Bhutan, including air tickets, visa fees, hotel accommodation, attraction tickets, tour guide services, and even fresh fruits from roadside stalls.

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Pre-market: Crypto Stocks and Tech Stocks Surge, MicroStrategy Up by 3.02%

According to market information, pre-market crypto stocks and tech stocks in the US rose across the board, including:

Coinbase (COIN) rose by 2.11%;
Trump Media & Technology Group (DJT) rose by 1.01%;
Tesla (TSLA) rose by 1.42%;
MicroStrategy (MSTR) rose by 3.02%;
MARA Holdings (MARA) rose by 2.59%;
Riot Platforms (RIOT) rose by 3.18%.

US Tech Stocks Rose:
Microsoft (MSFT) rose by 0.3%;
Apple (AAPL) rose by 1.22%;
Google (GOOG) rose by 0.85%;
Nvidia (NVDA) rose by 0.46%;
Meta Platforms (META) rose by 0.79%;
Amazon (AMZN) rose by 1.14%.

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US Stock Cryptocurrency Concept Stocks Soar, Strategy Up 1.75%

U.S. stock market opening, Dow rose 0.29%, S&P 500 rose 0.16%, Nasdaq rose 0.05%. As for cryptocurrency-related stocks,

Strategy rose 1.75%;
Coinbase rose 1.38%;
MARA Holdings rose 1.71%;
Riot Platforms rose 2.04%.

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