Welcome back to the Evercode Lab’s Weekly Crypto News Digest, where we break down the most important developments shaping the Web3 and crypto landscape!
Last week, stablecoins hit new highs, whale activity signals a shift in the Bitcoin market, and major MiCA-compliant stablecoins are on the way. So let’s not waste our time and dive into the ocean of the latest crypto news!
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Total Stablecoin Capitalization Surpasses $250 Billion
Not surprisingly, May was all about stablecoins (yes, and Bitcoin, of course). According to new data, the combined market capitalization of stablecoins has reached a record-breaking $250 billion – the highest level since May 2022. This surge reflects renewed confidence in crypto’s foundational infrastructure, especially amid increased institutional adoption and the broader bull market.
Tether (USDT) and USDC continue to dominate, but newer regulatory-compliant tokens are gaining momentum.
Kronos Research CEO, Hank Huang, called breaking the $300 billion mark a “milestone“, noting that stablecoins are no longer a “experiment, but a necessity”.
According to him, the market is ready for rapid expansion and could double by 2026. He noted the rapidly changing landscape of issuers, with the dominance of USDT and USDC being challenged by new players such as USD1, associated with US President Donald Trump, and tokens issued by banks.
MiCA Stablecoins Incoming from Tether-Backed Firms
Continuing the stablecoins topic, here is another inside sparked last week. Europe is gearing up for MiCA-compliant stablecoins.
Companies backed by Tether Holdings plan to launch new regulated digital currencies tailored for the European market. These tokens are expected to align with the EU’s Markets in Crypto-Assets (MiCA) framework, which aims to ensure transparency and consumer protection.
So the Oobit payment app will integrate stablecoins pegged to the euro and the US dollar. The new Hadron tokenization platform from Tether will be used for this purpose.
As we see, this marks a significant step toward regulated stablecoin adoption within the EU!
Bitcoin Whales Shift From Accumulation to Selling
This is another crypto star of the past several months – the BTC! Talking about its price and market cap changes, crypto analytics firms have identified a notable change in Bitcoin whale behavior.
Large holders (wallets with 1,000+ BTC) are now moving from accumulation to profit-taking, signaling potential short-term volatility or market consolidation. While this doesn’t necessarily point to a bear trend, it’s a key metric to watch as Bitcoin hovers near major resistance levels.
Trump Media to Raise $2.5B for Bitcoin Investment
This was not the only news about Bitcoin. Talking about other highlights of the last week, it’s important to talk about new ideas and statements coming from the U.S President.
On Tuesday, in a headline-making move, Trump Media & Technology Group announced plans to raise $2.5 billion to purchase Bitcoin as a long-term treasury asset. The securities will be purchased by approximately 50 institutional investors, with whom relevant agreements have been reached.
This puts the company among a growing list of institutional players betting big on BTC as a store of value. The initiative is expected to stir discussion around mainstream corporate crypto adoption in the U.S.
What this initiative will lead to is anyone’s guess, and maybe we can expect the first results in the coming weeks.
Conclusion
We hope you found our short digest interesting to start the week. As we can see, the market is evolving from new perspectives, changing and adapting to political and economic opportunities, leading to a transformation of the industry as a whole!
It’s not just the crypto market that can transform, but your product as well, especially if you have the Evercode Lab helping hand nearby! If you strive to open the new horizons of your service and discover all the possibilities of the crypto market and web3 solutions, just contact our team today!