Bitget Wallet has unveiled a new in-app marketplace called &#8216;Shop With Crypto,&#8217; which enables users to make crypto payments directly for more than 300 merchants connected to the app. According to a press release sent to crypto.news, the service offers…

Bitget Wallet launches new crypto in-app marketplace with access to over 300 brands

For me, we’ll see record numbers of crypto firms filing for IPOs this year, 
and a record number of firms securing them, too.

In 2025, crypto firms go public in record numbers | Opinion

Crypto analyst Kevin (@Kev_Capital_TA) has delivered a strongly bullish 
outlook for Dogecoin in his latest video update, describing the meme-turned- 
macro asset’s current structure as one of the most compelling setups across 
the entire altcoin market. “Dogecoin has one of the nicest charts, if not the 
nicest altcoin chart in all of altcoins,” Kevin said. “Next to XRP and ETH, 
Dogecoin got a beautiful chart.” Dogecoin’s Pattern Mirrors Last Bull Run In a 
wide-ranging technical review covering Bitcoin, Ethereum, and macro trends, 
Kevin dedicated a significant section of his analysis to Dogecoin, 
highlighting an emerging pattern of higher lows, clean breakouts, and bullish 
divergences that mirror previous accumulation phases. According to him, 
Dogecoin is displaying what he called “perfect price structure”—a rare quality 
among altcoins. “You get this bottom, you get the double bottom, you get the 
bullish divergence. Bang,” he said while showcasing recent price action and 
comparing it to prior cycles. “Then again—you get the bottom, the double 
bottom, the bullish divergence. Bang. This is literally the same thing all 
over again.” Related Reading: Dogecoin Hits Critical Zone—Here’s What 3 
Leading Analysts Are Watching Kevin’s view is built on strong historical 
confluence and Fibonacci retracement zones. He noted that Dogecoin&#8217;s last 
major bull cycle saw the token top out at precisely the 1.618 to 1.703 
Fibonacci extension range. By replicating the same fib structure from the most 
recent bottom, Kevin identified a similar target range between $1.10 and 
$1.25, calling it a “real deal price target” rather than clickbait. “Could 
$1.10 to $1.25 be the next target for Doge?” he asked. “I think if we can 
replicate a move like we did back in November—which we can, and if anything, 
we can do way better—then absolutely. That’s the zone I’m watching.” He 
further emphasized that the golden pocket and the 1.703 fib extension mark a 
crucial resistance area, just as they did in Dogecoin’s previous cycle. 
“Remember this,” Kevin said. “You run your fib—boom—Dogecoin tops out right at 
the golden pocket and the 1.703 fib. We’re seeing the same thing lineup here.” 
Zooming out, Kevin placed Dogecoin’s strength in the broader context of a 
shifting crypto macro environment. Bitcoin dominance, he noted, is dropping 
sharply from the macro 0.786 Fibonacci level—a move that typically allows 
altcoins like Dogecoin to catch a stronger bid. “We are seeing exactly what we 
said would happen. That is: altcoins catching a bid. A really nice bid,” he 
remarked. Related Reading: Can Dogecoin Realistically Reach $1? Analyst Sees 
Strong Setup The bullish sentiment extends beyond Dogecoin. Kevin noted that 
macroeconomic data is supportive, with declining inflation, rising GDP, strong 
labor markets, and easing tariff fears contributing to renewed confidence 
across financial markets. “Everything seems to be lining up at the exact right 
time,” he said. “We’ve got the macro on our side, we’ve got the technicals on 
our side, and now even Dogecoin is flashing green.” Still, he added a caveat 
of caution. “In the short term, just be a little cautious until we break the 
resistance we need to break,” Kevin said, referencing the broader crypto 
market’s proximity to key Fibonacci and moving average thresholds. “Treat 
resistance as resistance—until it’s not.” Nonetheless, Kevin concluded that 
Dogecoin’s current setup is as strong as it’s been in years. “This is just 
perfect, perfect price structure,” he reiterated. “When the market gets going, 
I think this thing&#8217;s going to perform massively.” His final message: if 
history rhymes, Dogecoin could be poised for a powerful move to surpass the 
psychological $1 mark. At press time, DOGE traded at $0.242. Featured image 
created with DALL.E, chart from TradingView.com

Dogecoin Chart ‘Looks Perfect’: Analyst Targets $1.10–$1.25 Zone

High-net-worth clients across Asia are gradually pivoting away from US dollar- 
based investments, favoring gold, cryptocurrencies and Chinese assets instead, 
according to financial services giant UBS Group.
&#8220;Gold is getting very popular,&#8221; Amy Lo, the Swiss bank&#8217;s co-head of wealth 
management for Asia, said during Bloomberg&#8217;s New Voices event held in Hong 
Kong on May 13.
She cited rising geopolitical uncertainty and persistent market volatility as 
primary factors behind the shift. Investors, traditionally concentrated in US- 
centric assets, are now seeking broader exposure across alternative asset 
classes, including crypto, commodities and other currencies.
Lo said &#8220;volatility is definitely here to stay,&#8221; prompting clients to 
rebalance toward perceived safe havens and growth opportunities in new 
regions.
China, after years of muted interest, is also regaining traction among the 
ultra-wealthy. Lo noted that clients who previously avoided exposure to China 
are now proactively asking about investment opportunities.
Hong Kong&#8217;s benchmark index, heavily composed of Chinese companies, has 
emerged as one of the world&#8217;s top performers in 2024, further fueling 
interest.
_Hong Kong Stock Market Index. Source:__Trading Economics_
Bank of America&#8217;s latest fund manager survey also shows that global fund 
managers significantly reduced their exposure to the US dollar in May, marking 
the largest underweight position in 19 years.
_**Related:**__**US Bitcoin reserve vs. gold and oil reserves: How do they 
compare?**_
## US-China tariff truce sparks investor optimism
Christina Au-Yeung, head of Investment Management Services at Morgan Stanley 
Private Wealth Management Asia, told Bloomberg that a recent tariff truce 
between the US and China has created renewed investor optimism.
&#8220;We are seeing an emergence of really interesting themes coming back out in 
China,&#8221; she said.
Au-Yeung also pointed to a growing risk-aware mindset among Asia&#8217;s wealthiest 
clients. The firm now recommends a balanced portfolio allocation, including 
40% fixed income, 40% equities, 15% alternatives, and the remainder in cash or 
equivalents.
On May 11, the US and China announced an agreement to temporarily reduce 
tariffs on each other&#8217;s goods. As per the deal, the US will lower tariffs on 
Chinese imports from 145% to 30%, while China will reduce duties on American 
goods from 125% to 10%.
_**Related:**__**Bitcoin acts like &#8216;store of value that it is&#8217; amid Trump 
policy chaos: NYDIG**_
## Bitcoin viewed as a store of value
In a recent note, Galaxy Digital analysts said Bitcoin is increasingly being 
viewed as a digital store of value, noting growing interest from institutions, 
exchange-traded funds (ETFs) and even governments.
&#8220;Bitcoin&#8217;s supply and demand dynamics are solidifying its place as a mature 
digital store of value,&#8221; said Ian Kolman, co-portfolio manager at Galaxy.
Supporting this view, BlackRock&#8217;s head of thematics and active ETFs, Jay 
Jacobs, noted on April 25 that nations are increasingly diversifying away from 
US dollar reserves, turning instead to assets like gold &#8212; and now, Bitcoin 
(BTC) &#8212; as part of a broader shift in reserve strategy.
_**Magazine:**__**Metric signals $250K Bitcoin is &#8216;best case,&#8217; SOL, HYPE 
tipped for gains: Trade Secrets**_

Asia’s wealthy shifting from US dollar to crypto, gold, China: UBS

Falconx, an institutional digital asset prime broker, announced a strategic 
partnership with Standard Chartered. In the initial phase of the 
collaboration, Standard Chartered will provide a comprehensive suite of 
banking services to Falconx globally, enhancing the platform&#8217;s offerings for 
institutional clients. The partnership will integrate Standard Chartered’s 
banking infrastructure, allowing Falconx to access a wide […]

Standard Chartered to Provide Banking Services for Digital Asset Prime Broker Falconx’s Institutional Clients

Blockchain analytics firm Nansen announced on Wednesday it has officially 
joined the MANTRA Chain as a validator. This represents a significant step 
forward in its ongoing mission to support secure, decentralized, and 
compliance-aligned blockchain infrastructure. The partnership deepens Nansen’s 
involvement…