Bitcoin Hits All-Time High, Institutional Demand Surges 

According to Binance Research, the crypto market grew by 10.3% in May. This growth was driven by Bitcoin (BTC) reaching a new all-time high (ATH) and strong capital inflows into ETFs. Although Ethereum (ETH) lagged in this bull run, it still gained 43.9% in May, continuing its upward trend from April. 

Meanwhile, increasing tariff tensions between the U.S., China, the European Union, and the United Kingdom caused uncertainty in the markets. Although tariffs were temporarily halted by a court ruling, the U.S. government later reinstated them. 

Despite ongoing macroeconomic uncertainty, institutional interest in Bitcoin accelerated. Companies began to view BTC as a long-term store of value. In total, 116 publicly traded companies hold 809,100 BTC in their treasuries. With increasing regulatory clarity, more companies have announced plans to purchase Bitcoin. Some firms diversified their holdings into assets such as ETH, XRP, and Solana (SOL). 

Binance Research stated: 

“The direction of institutional crypto assets will depend on macro conditions, regulatory developments, and market cycles. However, current momentum is strong. Bitwise projects that institutional treasuries could reach 1 million BTC by 2026.” 

DeFi Rises by 19%, Gaming Sector Lags Behind 

In May, the crypto sectors experienced capital rotation and structural divergence. The DeFi sector grew by 19%, fueled by new product launches and yield opportunities. Meme coins rose by 9.3%, AI-themed tokens gained 4.7%, and real-world assets (RWA) increased by 3.6%. However, the gaming sector and Layer-2 solutions showed weak performance. 

On the other hand, U.S. spot Bitcoin ETFs saw at least $5.2 billion in inflows—marking the highest level since November 2024. Toward the end of the month, rising uncertainty and profit-taking led to approximately $962 million in outflows. 

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The post Binance Crypto Report: DeFi, BTC, and ETFs Take the Spotlight  appeared first on Coin Engineer.

With Q1 revenue up 18% from the fourth quarter of last year and 262% from a year ago, Nvidia—known for its potent chipsets that have shifted toward AI processing—bested analyst projections of $24.6 billion.

The earnings report was made available following the May 22 closing of the New York Stock Exchange (NYSE). Yahoo Finance data shows that NVDA increased 6.06% in after-hours trading to $1,007 at the time of writing.

Some traders of AI tokens seemed dissatisfied that the encouraging outcomes did not translate into a comparable increase in the value of AI tokens.

Related: Vitalik Buterin: GPT-4 Passes Turing Test Milestone

A mere five hours after the earnings report was published, Render (RNDR), an Ethereum-based platform that allows decentralized graphics processing unit rendering, had a 12% drop in value, falling to $10.38, according to CoinMarketCap statistics.

But according to information from cryptocurrency research company Santiment, a known “whale” wallet transferred over $52.1 million to an unidentified wallet today, which could indicate big holders were anticipating a “sell the news” occurrence.

Crypto trader D0C Crypto, meanwhile, noted that the price of RNDR didn’t rise until two days following Nvidia’s most recent results announcement.

RNDR increased 38% in 48 hours during the Nvidia Q4 earnings event in February. In a May 22 X posting, they said, “If history repeats itself, it could mean that RNDR pumps above $15 from the current price within 48 hours!”

There is no investment advice or recommendation in this article. Every trading and investment decision carries some risk; hence, readers should do their own investigation before deciding.

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