The crypto world saw Bitcoin and other digital assets maintaining their bullish positions for May, with notable growth in the altcoin market and significant value increase in Moo Deng coin.
Institutional Bitcoin adoption reached new heights with Twenty One Capital purchasing 4,812 BTC worth $458.7 million, while Coinbase secured its spot in the S&P 500, replacing Discover Financial Services.
SEC Chairman Paul Atkins emphasized the importance of clear guidelines for digital asset tokenization, and the CPI report showing lower-than-expected inflation may influence the Federal Reserve's interest rate decision.
Political clashes involved Senator Elizabeth Warren criticizing Trump's crypto ventures, and Europol unveiling a $23 million crypto mafia bank scheme in Europe. Coinbase faced a cyber attack exposing customer data, declining to pay the requested ransom.