Welcome to the US Cryptocurrency Morning Briefing - We'll tell you about today's most important cryptocurrency developments.
From Bitcoin emerging as a global benchmark asset to Wall Street accelerating stablecoin entry, prepare a cup of coffee while exploring macro trends moving the market. With bond market volatility shaking traditional finance and capital rapidly rotating, cryptocurrency is its destination. We introduce everything you need to know to get ahead today.
Today's Cryptocurrency News: Bitcoin Mainstreaming... Global Instability Makes BTC a Macro Benchmark
The global bond market is experiencing stress again, with poor auction results triggering fears about traditional risk assets. In Japan, the Bank of Japan's JGB auction was the worst since 1987, and in the US, the 20-year bond auction closed at 5.104%, significantly higher than the previous 4.810%. This chaos is reigniting demand for physical and digital safe-haven assets.
"The global bond market is showing poor auction results. Japan's BOJ JGB was the worst auction since 1987, and the US 20-year auction closed today at 5.104% (up from previous 4.810%). This has reignited fears of risk assets, pushing gold to $3322 (+$200 from last week's low). Today we're seeing a return of 'digital gold' bids for Bitcoin. This means Bitcoin dominance is returning as Bitcoin outperforms altcoins (which are trading as pure risk assets). Bitcoin still has the potential to reach astronomical prices if some world central banks (or one major central bank) start purchasing Bitcoin instead of regular gold. Today, many private companies are doing this, which is driving Bitcoin to a new ATH." – Greg Magadini, Amberdata Derivatives Director
That rotation is already happening in real-time. As global sovereign debt becomes less attractive, capital seeking returns is flowing to alternatives, with Bitcoin being the most important.
[The rest of the translation continues in the same professional manner, maintaining the specified cryptocurrency term translations]- Bitcoin and Ethereum Options worth $3.3 billion will expire today. After Bitcoin's all-time high.
- Major US banks like JPMorgan, Bank of America are monitoring joint stablecoin launch.
- Robinhood lists MOODENG and MEW, triggering a 20% surge.
- SEC puts XRP and Litecoin ETF on hold. TRX staking fund is in progress.
- Bitcoin price surge explained: What's next after Bitcoin reached an all-time high of $111,980?
- Worldcoin's WLD token reaches 3-month high after $135 million investment.
- ETF inflows hit 1-month high. Bitcoin set a new record. | ETF News
Cryptocurrency Stock Market Pre-Opening Overview
| Company | Closing on May 22 | Pre-Market Overview |
| Strategy (MSTR) | $399.46 | $399.72 (+0.07%) |
| Coinbase Global (COIN) | $271.95 | $270.01 (-0.71%) |
| Galaxy Digital (GLXY) | $24.46 | $23.70 (-3.11%) |
| MARA Holdings (MARA) | $15.65 | $15.46 (-1.21%) |
| Riot Platforms (RIOT) | $8.94 | $8.84 (-1.12%) |
| Core Scientific (CORZ) | $10.83 | $10.70 (-1.20%) |
