The price of Bitcoin surged past $104K this week, gaining momentum as investors seek alternatives amid an uncertain U.S. economy. The Ethereum price also rallied, reclaiming $2,600 with rising inflows of smart money into crypto and increased demand for futures, hinting at a potential push toward $3K.
Meanwhile, BlackRock met with the SEC to discuss crypto ETF and staking rules. Ripple has settled its long-running case for $50M, and Litecoin approached a major breakout after forming a rare 7-year chart pattern. From institutional developments to regulatory changes, here’s your crypto recap for May 4–10, 2025.
Ethereum Price Eyes $3K as Smart Money and Futures Demand Surge
Ethereum has reclaimed the $2,500 level for the first time in weeks, up 80% from its yearly low. Bullish signals are emerging, as funding rates remain positive, and the number of smart money wallets has increased to 1,800. Open interest in ETH futures has climbed to $28 billion. With strong momentum and a rising ADX, analysts believe Ethereum could push toward the $3,000 resistance, though short-term pullbacks remain possible.
BlackRock Pushes SEC for Clarity on Staking, Tokenization, and ETF Rules
BlackRock met with the SEC’s Crypto Task Force on May 9 to press for clearer regulations around staking, tokenization, and crypto ETF standards. The asset giant, managing over $50B in crypto, wants staking included in Ethereum ETFs to boost yields. The firm also discussed tokenizing real-world assets and setting clearer ETF approval rules. With 70+ crypto ETFs awaiting review, BlackRock’s push signals growing institutional urgency for regulatory clarity.
Ripple and the SEC Settle for $50M, Ending a Years-Long Legal Battle
Ripple and the SEC have reached a $50 million settlement, potentially closing their high-profile legal fight that began in 2020. The agreement significantly reduces Ripple’s fine from the originally proposed $2 billion and allows both sides to drop their appeals. The deal reflects a shift under new SEC Chair Paul Atkins, who favors clearer crypto rules. Judge Torres’ earlier ruling on XRP sales remains intact and could influence future crypto-related cases.
UAE Launches First Multi-Strategy Digital Asset Fund with 3iQ & AltNovel
3iQ and AltNovel have teamed up to launch the UAE’s first multi-strategy digital asset fund, the AltNovel Digital Access Portfolio (ADAP). Regulated by Abu Dhabi’s FSRA, the fund targets professional investors seeking institutional-grade access to crypto markets. With a focus on alpha strategies, low drawdowns, and high risk-adjusted returns, ADAP aims to set a new standard for digital finance in the Middle East’s growing investment landscape.
FlokiHub Launches, Expands FLOKI Utility with Web3 Identity Services
Floki has officially launched FlokiHub, a decentralized identity platform built on its .floki name service and powered by SPACE ID. Users can now create personalized domains across Web3 apps and decentralized websites. The service runs on BNB Chain and uses $FLOKI exclusively for transactions, boosting token utility. It’s the latest move in Floki’s push beyond meme status, following a European debit card launch and Swiss ETP listing.
Litecoin Price Nears Major Breakout After 7-Year Pattern, ETP Launch Adds Fuel
Litecoin (LTC) is on breakout watch as it approaches the peak of a seven-year symmetrical triangle—an ultra-rare pattern in crypto charts. With prices squeezing around $90 and resistance near $120, analysts say a move above that could potentially trigger a 600% rally towards $560–$650. Adding momentum, Valour launched a Litecoin ETP in Sweden, boosting institutional access. The chart setup and product launch may signal a possible turning point for “digital silver.”
Crypto ETF Promises Heat Up South Korea’s Presidential Race
Crypto is now a key election issue in South Korea, as both leading presidential candidates vow to legalize spot crypto ETFs. With the June 3 vote approaching, frontrunner Lee Myung-bak and rival Kim Moon-soo are pledging sweeping reforms to lower fees, attract institutions, and lift current ETF bans. This follows the recent U.S. approval of spot Bitcoin ETFs, opening doors for investors and aligning South Korea with global trends.
Fed Rate Delay Could Weigh on Altcoins, Warns Economist
Altcoins like Cardano, Jasmy, and Dogecoin slid this week as markets brace for the Fed’s interest rate decision. Economist Jim Bianco warned that rate cuts may be fewer and later than expected, with inflation still a looming concern, especially as Trump’s tariffs threaten to drive prices higher. A hawkish Fed could keep altcoins under pressure, while a dovish turn might revive momentum, especially if Bitcoin breaks above $100K resistance.
New Hampshire Makes History with First State-Level Bitcoin Reserve
New Hampshire has become the first U.S. state to create a strategic Bitcoin reserve, allowing up to 5% of certain public funds to be invested in BTC. Governor Kelly Ayotte signed the bill into law on May 6, with backing from lawmakers aiming to hedge against economic uncertainty. As only Bitcoin qualified under the law’s $500B market cap requirement, the move signals growing trust in crypto as a long-term state asset.
BNB Price Could Soar to $2,775 by 2028, Says Standard Chartered
Standard Chartered Bank has projected that Binance Coin (BNB) could reach $2,775 by 2028, a nearly 5x jump from its current price of around $598. The forecast is backed by BNB’s historical alignment with Bitcoin and Ethereum performance, rising institutional interest, and global adoption talks, including Kyrgyzstan’s potential reserve use. While long-term prospects look strong, short-term price action remains sluggish, leaving investors between caution and bullish conviction.
UK Rejects Bitcoin Reserve, Focuses on Digital Bonds and Stability
The UK Treasury has rejected plans to hold Bitcoin as a national reserve, distancing itself from the U.S.’s recent pro-BTC stance. Economic Secretary Emma Reynolds said the move doesn’t fit the UK’s financial priorities. Instead, the UK is focusing on blockchain innovation, including a pilot for tokenized government bonds. With regulatory independence post-Brexit, the UK aims to lead in digital finance, without betting on volatile crypto assets like Bitcoin.
Tron Price Eyes Breakout as It Quietly Dominates Blockchain Activity
Tron (TRX) is showing strong breakout potential after racking up industry-leading blockchain fees—$2.8B in the past year—surpassing Ethereum and Solana. With 300M+ wallets, 3M+ daily users, and $100B in on-chain value, Tron has quietly become a DeFi giant. TRX price is trading above key support at $0.24, and technicals point to a possible rally toward $0.30 and beyond if bullish momentum continues, especially against Bitcoin.
