Thai Banks Could Soon Hold Crypto, SCB10X CEO Indicates Sandbox Intentions

Market Overview

  • Uniswap's UNI token increased by 5% from $6.00 to $6.65 over 24 hours, coinciding with a record monthly transaction volume exceeding $73 billion and revenue surpassing $380 million.
  • SCB10X's new CEO highlights opportunities at the intersection of AI and crypto, anticipating clearer U.S. regulations will enhance deal flow into Asian markets.
  • Trader James Wynn shifted focus from Bitcoin to memecoins, placing a leveraged $1 million bet on Pepe (PEPE) after closing a $1.2 billion Bitcoin position at a loss.
  • Strategy (MSTR) acquired an additional 4,020 BTC for $427 million, bringing total holdings to 580,250 BTC, reflecting ongoing commitment to Bitcoin investments.

Market Movements

  • BTC: Steady near $109,000 amid macroeconomic uncertainty.
  • ETH: Resilient above $2,500, supported by institutional inflows.
  • Gold: Slight dip but remains above $3,310 due to bullish outlook.
  • Hang Seng: Opened lower at 23,304, driven by tech losses.
  • Nikkei: Dipped 0.13% as markets reacted to tariff delays.
  • S&P 500: Closed for Memorial Day.

Additional Crypto News