05-03-2025, 06:13 AM
What’s Moving In Crypto Today? May 2025
XRP Spot ETF Approval Odds Surge to 85%
Bloomberg analysts have raised the odds of an XRP spot ETF approval to 85%, citing institutional demand and easing regulatory friction. A final SEC decision is expected by July 2, and interest is growing across altcoins following Bitcoin and Ethereum ETF momentum.
Trump’s Crypto Influence Expands with $2B Binance Deal
U.S. President Donald Trump's crypto ties just deepened. Backed by his family, World Liberty Financial has launched the USD1 stablecoin. It’s already been tapped for a $2 billion investment by MGX into Binance, signaling a bold step into global digital finance.
Strategy Ups BTC Stack as U.S. Takes Lead Among Nations
Bitcoin giant Strategy now holds 553,000 BTC (worth $37.9B), raising its end of 2025 profit target to $ 15 B. Meanwhile, a new executive order, signed by Trump, has created a Strategic Bitcoin Reserve, making the U.S. government the largest known government holder with 200,000 BTC.
Global Crypto Developments
- Despite growing public support, Switzerland's central bank resists calls to add Bitcoin to national reserves.
- The UK is overhauling crypto rules, aligning more closely with U.S. standards to support growth and safety.
- Despite a $1.4 billion loan agreement with the IMF that includes provisions limiting Bitcoin-related activities, El Salvador persists in its daily acquisitions.