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In Brief XRP surged to $2.40, igniting interest as the next Bitcoin contender. Ripple's SEC case progress and global collaborations bolster long-term potential. Investor FOMO and potential institutional entry might sustain market momentum.
Share link:In this post: Bitcoin traded at $104,003 on Friday as stocks ended the week strong. The S&P 500 gained 5% this week, its best streak in months. Coinbase jumped 9% after analysts dismissed SEC concerns.
Solana dominates DEX activity and app revenue, but technical indicators point to slowing momentum and a possible consolidation period.
Stablecoins are quickly moving from pilot projects to a core part of global payment systems, according to Fireblocks’ newly released “State of Stablecoins 2025” report. The digital asset platform revealed that stablecoin transactions on its network now reach $40 billion per quarter, reflecting surging institutional use and a clear shift from experimentation to full-scale implementation.
- 06:01Panama City Mayor Mayer Mizrachi May Hint at Establishing Bitcoin ReservesAccording to a report by Cointelegraph, as reported by Jinse Finance, Panama City Mayor Mayer Mizrachi may have hinted at establishing a city-level Bitcoin reserve after meeting with two Bitcoin policy leaders from El Salvador. After meeting with El Salvador Bitcoin advisor Max Keiser and Bitcoin Office head Stacy Herbert, Mizrachi posted about "Bitcoin reserves" on social platform X on May 16. The three also discussed how Panama and El Salvador could use renewable energy to promote Bitcoin mining development, while Panama City will incorporate El Salvador's financial knowledge textbook "What is Money?" into its online library system. Panama City Mayor Mayer Mizrachi may have hinted at establishing a Bitcoin reserve
- 05:52Data: USDC Circulation Decreased by Approximately 800 Million in the Past 7 DaysAccording to a report by Jinse Finance, based on official data, Circle issued approximately 2.9 billion USDC and redeemed about 3.7 billion USDC within the 7 days ending May 15, resulting in a decrease in circulation of about 800 million. The total circulation of USDC is 60.5 billion, with reserves of approximately 60.7 billion USD, including around 7.3 billion USD in cash, and the Circle Reserve Fund holds about 53.4 billion USD.
- 05:52Huang Licheng Increases Holdings by 36,759 HYPE AgainOdaily Planet Daily News: According to on-chain data analyst Ember's monitoring, "Machi Big Brother" Huang Licheng spent another 1 million USDC to purchase 36,759 HYPE an hour and a half ago. Today, he has used a total of 1.75 million USDC to buy 64,043 HYPE, with an average price of $27.3.