Bitget Daily Digest (May 28) Trump Media Launches $2.5B BTC Treasury Plan, SEC Opens Review for WisdomTree XRP ETF

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远山洞见2025/05/28 01:43

By:远山洞见

Bitget Daily Digest (May 28) Trump Media Launches $2.5B BTC Treasury Plan, SEC Opens Review for WisdomTree XRP ETF image 0

Today’s Preview

1.U.S. Vice President J.D. Vance to speak at "Bitcoin 2025" Conference

2.Fed to release minutes from its May monetary policy meeting

3.U.S. May Richmond Manufacturing Index to be released (prior: -13)

4.$SOPH token generation event (TGE) and tokenomics reveal scheduled today — 57% allocated to community

Macro & Key News

1. Trump Administration Backs Bitcoin Treasury Strategy Senator Cynthia Lummis announced at Bitcoin 2025 that former President Donald Trump supports the “Bitcoin Bill,” which mandates the U.S. government to acquire 1 million BTC within five years using existing funds from the Fed and Treasury. Legislation on stablecoins, market structure, and BTC reserves is expected to follow this order.

2. SEC Opens Comment Period for WisdomTree XRP ETF On May 27, the SEC initiated proceedings to decide on the approval of Cboe BZX Exchange's application to list the WisdomTree XRP Trust. The ETF would track XRP’s price using the CME CF Ripple-Dollar reference rate. Public comments are due within 21 days of the notice; rebuttals within 35 days.

3. Trump Media Launches $2.5B Bitcoin Treasury Strategy Trump Media & Technology Group announced its intent to allocate $2.5 billion to Bitcoin as a treasury reserve. CEO Devin Nunes stated BTC will be used to support Truth Social payments, utility tokens, and financial freedom strategies.

4. SharpLink to Buy $425M in ETH for Treasury Reserves Nasdaq-listed SharpLink Gaming (SBET) signed a private placement agreement to raise $425 million, planning to use proceeds to acquire Ethereum. Ethereum co-founder Joseph Lubin will become chairman and strategic advisor after the deal.

5. Texas Bitcoin Reserve Bill Nears Approval A reconciliation committee resolved differences between the Texas House and Senate versions of Bitcoin Reserve Bill SB21. The final version awaits votes in both chambers before reaching the governor's desk.

Market Overview

1. BTC trades sideways around $110K

Market mixed; exchange tokens lead gains
SUI ecosystem’s $CETUS surges
$LAUNCHCOIN is the top intraday loser

2. U.S. markets surge

S&P 500 up 2%+ (largest gain in over 2 weeks)
U.S. & Japanese bonds rally; DXY rebounds
Oil down 1%, gold down nearly 2%

Bitget Daily Digest (May 28) Trump Media Launches $2.5B BTC Treasury Plan, SEC Opens Review for WisdomTree XRP ETF image 1

3. Bitget Liquidation Map (BTC/USDT)

Current price: 108,959 USDT
If BTC drops to 106,959 → $852M long liquidation risk
If BTC rises to 110,959 → $303M short liquidation risk
Long liquidations exceed shorts significantly

Bitget Daily Digest (May 28) Trump Media Launches $2.5B BTC Treasury Plan, SEC Opens Review for WisdomTree XRP ETF image 2

4. BTC Spot Flow (24H)

Inflow: $2.7B | Outflow: $3.1B
Net Outflow: $400M

Bitget Daily Digest (May 28) Trump Media Launches $2.5B BTC Treasury Plan, SEC Opens Review for WisdomTree XRP ETF image 3

5. Futures Flow (24H)

Net outflows observed for $BTC, $SOL, $XRP, $DOGE, $PEPE — potential trading opportunities

Institutional Insights

CryptoQuant:99% of Bitcoin UTXOs are in profit — potential sign of market overheating 🔗 Tweet

Standard Chartered:$SOL could reach $500 by 2029 🔗 The Block

SCB10X (Siam Commercial Bank VC arm):Thai banks may soon hold crypto assets under regulatory sandbox 🔗 Cointelegraph

News Updates

1.MetaPlanet issues $50M zero-interest bond to buy BTC

2.Trump celebrates potential 50% tariff on EU goods

3.Trump Media launches $2.5B BTC national reserve strategy

4.Fed's Kashkari favors rate hold; trade disputes may take years

5.Texas finalizes SB21 Bitcoin reserve bill for voting

Project Updates

1.SEC opens formal review for WisdomTree XRP ETF

2.Sonic SVM ($SONIC) launches first native projects under Attention Capital Market

3.zkLink passes vote to bridge 2% $ZKL to Solana for multi-chain AI

4.21Shares files to list SUI ETF on Nasdaq

5.Bitget Wallet integrates with LINE Dapp platform

6.Farcaster launches Pro tier, offers limited edition NFT to first 10K subs

7.AAVE & Silo hold 60% of Sonic TVL

8.Puffverse updates tokenomics — increases initial supply, cuts team allocation

9.Movement launches MoveDrop for mainnet users

10.Cobie’s new platform Sonar launches, Plasma raises $50M at $500M valuation

X Highlights

1.Haotian: "The Four-Year Cycle Is Dead — Crypto Has Entered a New Multi-Cycle Paradigm"

The crypto market is no longer governed by a single rhythm of bull and bear cycles. Instead, it's evolving through four distinct and concurrent cycle patterns:

Bitcoin’s Super Slow Bull Cycle: We're entering an institution-led era. Retail investors are increasingly sidelined. Long-term value is being realized, but market volatility is decreasing.

Meme Coins' Short Burst Cycle: What started as grassroots euphoria has become a professional arena. Rapid rotations leave little room for retail players to survive.

Tech Narrative Leap Cycle: Real value in narratives like Layer2, ZK, and AI Infra often consolidates in the "Valley of Death." A 10x return over 3 years will only reward the patient.

Rotating Innovation Narrative Cycle: Micro-narratives rotate every 1–3 months. To profit, investors must time their entry and exit between “proof-of-concept” and the “FOMO” phase.

Bottom line: It’s no longer about waiting for the next bull market to get rich. You need to understand and adapt to these parallel cycles. A dynamic investment strategy is essential to staying ahead in a constantly shifting environment.

Original post: https://x.com/tmel0211/status/1926854038642901352

2.Phyrex: Trump Is Steering Bitcoin Into a "Politicized Bull Market"

From turning the Consensus conference into a political stage to launching a $2.5 billion BTC reserve strategy, Trump is actively incorporating Bitcoin into his political toolkit. His every move is dictating the market's tempo. On-chain data shows a spike in short-term turnover, while major players remain cautious. At this point, the biggest resistance for Bitcoin isn't price — it’s the growing trust deficit in Trump. Bitcoin is stepping onto a path of "de-financialization," ushering in a politically charged bull run.

Original post: https://x.com/Phyrex_Ni/status/1927468371190178164

3.Honest Mac: Why It’s Hard for a "Muddy Waters"-Style Short Fund to Exist in Crypto

Unlike traditional finance, the crypto market—especially the altcoin segment—is ill-suited for a short-selling model based on public FUD campaigns. Most altcoins lack genuine fundamentals, with token supply heavily concentrated in the hands of project teams, market makers, and advisors. Retail investors hold very little. Even if you spread negative information, it rarely triggers sell pressure. Price trends are largely dictated by behind-the-scenes deals, market-making setups, and internal decisions—not actual market feedback on fundamentals. That’s why the most effective short strategies rely on silently building positions and waiting for natural price decline, rather than publicly spreading FUD.

Original post: https://x.com/Michael_Liu93/status/1924740464072413635

4.Millionaire Eric: Why Newbies Lose Money — It’s Not the Market, It’s Zero Risk Control

Most crypto beginners suffer major losses not because the market is too brutal or manipulated, but because they lack any concept of risk management. They obsess over drawing lines, guessing tops and bottoms, and engaging in psychological games, yet refuse to learn the basics of capital and position management. Risk control isn't intuition—it’s a discipline grounded in math. Many can’t even add 1/2 and 1/3 correctly, yet they YOLO their whole portfolio, mistaking belief for strategy and luck for logic. At its core, new investor losses are the inevitable price of overconfidence.

Original post: https://x.com/CycleStudies/status/1927203007046844868

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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