Ethereum's recent rise, outperforming Bitcoin due to increased institutional interest in ETFs, signals a potential altcoin season. This shift in capital from Bitcoin to Ethereum may soon extend to smaller altcoins, attracting investor attention.

Institutional investor interest in Ethereum is rapidly increasing. According to a report published by Standard Chartered's Director of Digital Holdings Research, Geoffrey Kendrick, in the last two months, companies have acquired 1.26 million, equivalent to 1% of the circulating Ethereum.

Mill City Ventures III announced a $450 million private sale to launch a corporate treasury strategy focused on Sui (SUI). The initiative involves investment from top crypto firms, highlighting increasing interest in Sui's decentralized applications.

Bitcoin Cycle Indicator Index (IBCI) has entered the distribution zone for the third time, signaling potential corrections. However, it remains below critical levels, indicating that the market is still expanding without excessive euphoria, suggesting room for new price peaks.

Bitcoin experienced its largest exchange inflow since July 2024, signaling potential market volatility and the beginning of an altcoin season. Increased inflows suggest profit-taking by investors, possibly leading to a short-term price drop for BTC.

Cathie Wood's ARK Invest has invested $116 million in Bitmine Immersion Technologies to increase its Ethereum holdings, selling shares in Coinbase to make this move. Bitmine, backed by notable investors, aims to stake 5% of Ethereum's supply.

Bitcoin's price has seen significant rises, encouraging long-term investors to sell for profits. However, indicators like SOPR suggest the market is not yet at a peak, indicating potential for further growth despite current sales pressure.

Binance has removed the Seed label from five altcoins, indicating they are no longer considered high-risk. The coins—Bonk, EigenLayer, ether.fi, Pudgy Penguins, and Pepe—are now seen as more stable and reliable.

The trillion-dollar bank of the USA recently announced that it would initiate transactions for Bitcoin (BTC) and Ethereum (ETH), and also brought up plans to issue its own stablecoin.
Wall Street giant Charles Schwab is accelerating its moves towards the cryptocurrency market.

Chris Larsen's wallet sent $26 million in XRP to Coinbase this week, part of over $106 million in transfers since the year's beginning. This coincides with a rise in XRP's price, raising speculation about potential sales as the market rebounds.

A recent FOIA request revealed that the U.S. holds only 28,988 BTC, worth approximately $3.4 billion, far less than the previously estimated 198,000 BTC. This development raises concerns about the government's digital asset management and its impact on cryptocurrency strategy.

CME Group announced it will not launch derivative products related to meme coins like Dogecoin and Trump Coin, citing their lack of real-world usage. Instead, the firm focuses on futures for Ripple and Solana, which have garnered significant investor interest and high trading volumes. They are also considering extending trading hours to a 24/7 model.

A crypto investor recently lost $631,000 in half an hour after purchasing $4.53 million worth of the meme coin Fartcoin, highlighting the risks and volatility associated with such investments in the crypto market.

As Bitcoin approaches its all-time high of $112,000, large investors are aggressively accumulating BTC, while smaller investors are reducing their holdings. This shift indicates differing expectations across market layers, possibly signaling a strong price surge ahead.

DeFi Development Corp. has increased its total SOL holdings to 98.1 million dollars by buying out approximately 17,760 Solana worth about 2.72 million dollars as part of its long term investment strategy.
The America-based technology company DeFi Development Corp. (Nasdaq: DFDV) is expanding its cryptocurrency portfolio.

According to a recent CryptoQuant report, selling pressure from U.S. whales and institutional investors on Bitcoin has eased since April, signaling a potential upward trend. The analyst suggests that while short-term corrections may occur, the long-term outlook remains positive, particularly into the second half of the year, where a strong upward trajectory is anticipated.

OpenAI announced that it has no affiliation with the "OpenAI Tokens" launched by Robinhood and that these tokens do not represent company shares.
Worldcoin (WLD) founder Sam Altman's company OpenAI has offered tokenized private company shares to European Union users by Robinhood.

The SEC unexpectedly suspended the review of Grayscale's Digital Large Cap ETF application, creating uncertainty for cryptocurrencies like XRP, Solana, and Cardano. This unexpected halt may lead to short-term market volatility.

James Wynn lost his position worth 486 thousand dollars after being caught off guard by Bitcoin market surges. Wynn, who has previously experienced many liquidations, now has a remaining balance of only 10 thousand 600 dollars. The crypto community is eagerly awaiting his future moves.