Bitcoin price fell below $104K this week after hitting new all-time highs last week. Still, top analysts projected price targets ranging from $130,000 to over $1 million. Institutions doubled down: Cantor Fitzgerald unveiled a gold-backed BTC fund, and Trump Media raised $2.5 billion to build a massive Bitcoin treasury. Meanwhile, Circle filed for a $624M IPO, BlackRock joined in, and Ethereum eyed $15K if it matched Silver’s market cap. Here’s your full crypto market recap for May 25–31.
Cantor Fitzgerald Unveils Gold-Protected Bitcoin Fund for Institutions
Cantor Fitzgerald has launched a new fund offering Bitcoin upside with gold-backed downside protection. Revealed at Bitcoin 2025, the $14.8B firm’s product targets institutions seeking crypto exposure with risk control. It’s part of a broader digital asset push, including a $2B lending initiative and a $3B Bitcoin firm backed by Tether, Bitfinex, and SoftBank.
Canary Capital Files for First-Ever Staked CRO ETF in the U.S.
Canary Capital has filed with the SEC to launch the first U.S. ETF offering exposure to Cronos (CRO) alongside staking rewards. The fund aims to blend CRO price gains with passive income from staking, using Crypto.com as custodian. If approved, it could mark a major milestone in bringing staking-based crypto investments to mainstream U.S. markets.
BNB Eyes $2K as SEC Drops Binance Lawsuit and U.S. Access Returns
The SEC has officially dropped its lawsuit against Binance and former CEO CZ, reopening the door for BNB’s U.S. resurgence. Binance.US has restored USD services, and with rising DEX volume and ETF speculation, analysts now project that the BNB price could hit $2,000 during this bull cycle. Sentiment remains bullish as regulatory pressure fades.
Bitcoin Exchange Reserves Hit 5-Year Low as Accumulation Accelerates
Bitcoin supply on exchanges has dropped to just 1.38 million coins, its lowest since 2018, as retail, institutional, and sovereign accumulation ramps up. With mining rewards shrinking and more coins moving to self-custody, analysts expect reserves to dip below 1 million by 2025. This tightening supply could set the stage for long-term price growth, potentially pushing BTC above $1 million.
21Shares Seeks SEC Approval for First-Ever Spot Dogecoin ETF
21Shares has filed the first spot Dogecoin ETF application with the SEC, backed by the House of Doge and Coinbase Custody. The fund would hold actual DOGE, providing direct exposure without the need for wallets or exchanges. While approval isn’t guaranteed, the move signals growing institutional interest in meme coins and could legitimize DOGE as a regulated investment asset.
Toncoin Price Soars as Telegram-xAI Deal Hype Builds
Toncoin (TON) jumped past $3.60 this week after breaking out of a key pattern, with analysts eyeing $5.60 and even $9.60 mid-term. The rally is driven by surging trading volume, bullish technicals, and excitement over Telegram’s reported partnership with Elon Musk’s company, xAI. A recent $1.5B bond raised by Telegram further boosts investor confidence in TON’s future.
Circle Files for $624M NYSE IPO, Marking Big Leap for USDC and Crypto Finance
Circle, the issuer of USDC, has filed for a New York Stock Exchange IPO, aiming to raise $624 million by offering 24 million shares at $24–$26 each. Founders will retain control via Class B shares. The listing signals growing institutional confidence in stablecoins and comes amid a global expansion and rising competition in the crypto finance sector.
BlackRock to Snap Up 10% of Circle IPO Shares as USDC Grows
BlackRock plans to acquire 10% of Circle’s shares in its upcoming IPO, which could value the stablecoin issuer at over $6.7 billion. Alongside ARK Invest’s interest, the move signals strong institutional backing. Circle’s USDC is gaining market share, and with Wall Street banks underwriting the deal, the IPO marks a major moment for crypto’s mainstream ambitions.
MetaMask Adds Solana Support, Ushering in a Seamless Multi-Chain Future
MetaMask has officially integrated Solana into its browser extension, allowing users to send, receive, and swap SOL, as well as interact with Solana dApps, all without needing to switch wallets. The update streamlines cross-chain use and introduces features such as automatic balance detection, asset bridging, and security tools. Mobile support is coming soon, further advancing MetaMask’s multi-chain Web3 usability.
SharpLink Bets Big on Ethereum, Raises $425M for Treasury Pivot
SharpLink Gaming secured $425 million in private funding to adopt Ethereum as its core treasury asset, mirroring MicroStrategy’s crypto playbook. The move includes a board shakeup with ETH co-founder Joseph Lubin joining as chairman. Backed by top crypto VCs, the bold pivot signals SharpLink’s reinvention amid Nasdaq compliance issues—and a deeper bet on Ethereum’s future.
Trump Media Secures $2.5B for Bitcoin Treasury Push
Trump Media has raised $2.5 billion from 50+ institutional investors to build one of the largest Bitcoin treasuries by a public firm. With $3 billion in liquidity, the company plans to integrate cryptocurrency into Truth Social and beyond. The zero-interest deal signals strong market confidence and a bold shift toward crypto-powered media infrastructure.
Can Ethereum Reach $15K? Price Target If ETH Matches Silver’s Market Cap
Ethereum has held steady between $2,400 and $2,700, up 85% from its yearly low. If its market cap grows to match silver’s $1.88 trillion, ETH would need to hit $15,611—about a 525% jump. While ambitious, similar rallies have occurred in the cryptocurrency market. Catalysts such as Bitcoin’s rise, ETF inflows, and increased staking participation could fuel such a move.
