Bitcoin Market Updates
Shareholders Reject Bitcoin Reserve Proposal for Meta
At MetaPlatforms' annual shareholder meeting on May 30, investors voted against adding Bitcoin to the company's $72 billion cash reserves. The final tally showed 4.98 billion shares opposing the motion versus just 3.92 million in favor.
👉 Why institutional Bitcoin adoption matters
Bitcoin Mining Difficulty Hits Record High
Recent data from BTC.com reveals:
- Mining difficulty increased 4.38% to 126.98 T at block height 899,136
- Current 7-day average hash rate: 921.04 EH/s
- This marks another all-time high for Bitcoin's network security
Trump Media Group Completes $2.44B Funding Round to Become Major Corporate Bitcoin Holder
The newly public company announced:
- Raised **$1.44 billion** through common stock sales at $25.72/share
- Issued $1 billion in convertible notes due 2028
- Plans to allocate $2.32 billion to build Bitcoin reserves
- Will become one of largest Bitcoin-holding public companies in US
Key Takeaway: This positions Trump Media Group alongside MicroStrategy as corporate Bitcoin adoption leaders.
US Vice President Endorses Bitcoin Security
JD Vance publicly stated:
- Bitcoin is "secure and resistant to fraud"
- Reliable digital store of value
- Advocates for minimal government intervention
- Supports regulatory frameworks that allow market self-correction
Michael Saylor's Bitcoin 2025 Keynote Highlights
The MicroStrategy founder shared "21 Ways to Get Rich" principles:
- Convert fiat to Bitcoin
- Exchange long-term capital for Bitcoin
- Sell bonds/stocks/underperforming real estate for Bitcoin
- Emphasized courage and conviction in Bitcoin adoption
👉 How to build a Bitcoin investment strategy
Ethereum Ecosystem Developments
ETH-Based Tokens Show Strong Gains
Current market performance (24-hour change):
| Token | Price | Change |
|---|---|---|
| UNI | $7.51 | +19.3% |
| EIGEN | $1.79 | +16.9% |
| LDO | $1.01 | +11.7% |
| ETHFI | $1.52 | +10.1% |
| ARB | $0.4387 | +9.7% |
Technical Updates from ACDE #212
- Fusaka Devnet-0 launched May 26
Upcoming EIPs for Devnet-1:
- EIP-7825 (30M Gas limit)
- EIP-7918 (Blob fee stabilization)
- Testnet strategy prioritizes Sepolia fork
- Long-term community testnet maintenance encouraged
New Staking ETFs Coming to US Market
REX Shares filed prospectuses for:
- Solana Staking ETF
- Ethereum Staking ETF
- Structured as 1940 Act products
- Will use Cayman subsidiary for SOL/ETH exposure
- Expected to launch within weeks
Ethereum Foundation Activity
- Staked 50,000 RAIL (~$50,000) in Railgun
- Borrowed 2 million GHO using 10,000 WETH collateral on Aave
Vitalik Buterin on Ethereum's Future
Core requirements:
- Network resilience
- Enhanced privacy features
- Positioning as reliable alternative to centralized systems
Industry-Wide Developments
Binance Launches Alpha Earn Hub
Features:
- Liquidity provisioning on PancakeSwap V3
- Additional rewards for Binance Alpha token holders
Moomoo Enters Crypto Space
New Moomoo Crypto service will offer:
- 30+ digital assets
- Initially available to US users only
Dubai's Real Estate Tokenization Platform
Key facts about Prypco Mint:
- Built on XRP Ledger
- Currently handles AED transactions only
- Targets $16 billion tokenized property by 2033
- Partners include Zand Digital Bank
Kazakhstan's Crypto Payment Pilot
CryptoCity initiative will:
- Allow cryptocurrency payments for goods/services
- Operate in regulatory sandbox environment
- Serve as testbed for broader adoption
Cetus Post-Hack Recovery Update
Current actions:
- Restored aggregator services
- Working with Sui Foundation on recovery plans
- Pursuing both negotiation and legal channels
- Proposed PoS vote for protocol upgrade
FAQ Section
Q: Why did Meta shareholders reject Bitcoin reserves?
A: Traditional investors often remain skeptical about cryptocurrency volatility, preferring conventional reserve assets despite Bitcoin's growing institutional adoption.
Q: What makes Ethereum ecosystem tokens surge?
A: Factors include network upgrades, growing DeFi adoption, and institutional interest in staking products - all signaling long-term confidence in Ethereum's ecosystem.
Q: How significant is Trump Media's Bitcoin purchase?
A: At ~$2.32 billion, it represents one of the largest corporate Bitcoin allocations, validating BTC as a treasury reserve asset for public companies.
Q: When will the staking ETFs launch?
A: REX Shares expects to launch within weeks, though exact timing depends on final regulatory approvals.
Q: Is Dubai's real estate tokenization available globally?
A: Currently limited to UAE residents, but international access is planned for future expansion phases.
Q: What's the status of Cetus stolen funds?
A: The team has frozen a portion in Sui wallets and continues recovery efforts through multiple channels while restoring platform functionality.