A new report shows Crypto Valley&#8217;s five-year compound growth rate hit 18.8%, with Zug remaining the hub of Switzerland&#8217;s 1,749 blockchain firms. Crypto Valley, the blockchain hub covering Switzerland and Liechtenstein, has grown by 132% since 2020 and now includes…

Swiss Crypto Valley soars 132%, now home for nearly 1,750 blockchain firms

**Key Takeaways:**
 * Bitcoin&#8217;s realized cap has grown by $30 billion since April 20, reflecting steady investor confidence and new capital inflows.
 * A Bitcoin price consolidation pattern forecasts a potential 10% breakout by next week.
Bitcoin (BTC) continues to show strong bullish momentum as fresh capital 
inflows signal potential new price highs in the coming week. In an X post, 
Glassnode reported that Bitcoin&#8217;s Realized Cap, which measures the total value 
of BTC based on the price at which each coin last moved, grew by $30 billion 
since April 20, growing at a 3% monthly rate in May. The current realized cap 
is $900 billion.
_Bitcoin Realize cap. Source: Glassnode_
Though slower than the 8% spike in late 2024 when BTC hit $93,000, this growth 
reflects steady investor confidence and new capital entering the market.
Adding to the optimism, Glassnode revealed a significant shift in market 
dynamics. The 7-day simple moving average (SMA) of Bitcoin&#8217;s Spot Volume Delta 
flipped positive, peaking near $5 billion on May 13.
_Bitcoin spot volume delta. Source: Glassnode_
This aggressive net spot buyer demand, seen only a few times this year as 
highlighted, confirms strong spot market conviction behind Bitcoin&#8217;s recent 
push above the $100,000 psychological resistance. The surge in spot buying 
pressure suggests institutional and retail investors drive the rally, not just 
leveraged trading.
Despite the slower Realized Cap growth compared to late 2024&#8217;s $50 billion 
spike, the current market sentiment remains positive.
_**Related: Strategy will beat all public equities with Bitcoin, analyst 
says**_
## Will Bitcoin gain 10% by next week?
Bitcoin has shown a steady consolidation and expansion trend since forming a 
bottom around $74,500 in early April. Over the past four weeks, a pattern has 
emerged where each time Bitcoin hits a key level, it moves sideways before 
breaking out to a higher range. This pattern has repeated twice, with a third 
consolidation currently underway.
_Bitcoin 4-hour chart. Source: Cointelegraph/TradingView_
Each phase has followed a similar setup, forming higher upper and lower 
ranges. The bottom range is typically tested at least once before Bitcoin 
pushes to new highs. The relative strength index (RSI) has complemented this 
price action, reaching overbought levels during new highs and dropping to 
around 50 during sideways movement.
Currently, Bitcoin is consolidating between an upper range of $105,700 and a 
lower range of $100,678. If the pattern holds, Bitcoin might retest the 
$100,000-$102,000 level before potentially breaking above $110,000. However, a 
bearish invalidation could occur if prices fall below $102,000 and fail to 
recover swiftly.
_**Related: Market volatility indicator still points to $135K Bitcoin within 
100 days &#8212; Analyst**_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin bulls aim for new all-time highs by next week as capital inflows soar

Tanim Rasul, chief operating officer at Canadian crypto exchange NDAX, said 
Canada &#8220;got it wrong&#8221; categorizing stablecoins as securities in 2022, and the 
country needs to realize that every other regulatory regime is looking at 
stablecoins as payment instruments.
Rasul made the remarks during a panel on May 13 at the Blockchain Futurist 
Conference in Toronto, pointing to Europe&#8217;s crypto regulatory framework as a 
model for Canada to consider:
&gt; &#8220;I&#8217;m sure the regulators are wondering if this was the right choice to 
&gt; approach stablecoins as a security. […] I would just say, look at MiCA, look 
&gt; at the way they&#8217;re approaching stablecoins. It&#8217;s a payment instrument. It 
&gt; should be regulated as such.&#8221;
The Canadian Securities Administrators (CSA) classified stablecoins as 
&#8220;securities and/or derivatives&#8221; in December 2022, following &#8220;recent events in 
the crypto market,&#8221; such as the dramatic collapse of crypto exchange FTX just 
a month before.
_**Related:**__**What Canada &#8216;s new Liberal PM Mark Carney means for crypto**_
 _Canadian Web3 Regulation panel at Blockchain Futurist Conference. Source: 
Cointelegraph_
The agency elaborated on stablecoin rules in February and October of 2023, 
placing such tokens under the umbrella of &#8220;value-referenced crypto assets.&#8221;
Canada&#8217;s stance on digital assets led many top crypto companies, including 
Binance, Bybit, OKX, and Paxos, to scale back operations in the local market. 
Crypto exchange Gemini also announced exit plans in September 2024.
The regulatory setback, however, hasn&#8217;t stopped Canada&#8217;s digital asset market 
from flourishing. According to Grand View Research, the local crypto industry 
posted revenue of $224 million in 2024, higher than in previous years. It is 
expected to grow at a compound annual growth rate of 18.6% until 2030, when it 
is forecast to reach $617.5 million in annual revenue.
_**Related:**__**Bitstamp &#8216;s departure from Canada is &#8216;timing issue,&#8217; says 
CEO**_
## Stablecoins have emerged as key crypto use case
Stablecoins, cryptocurrencies pegged to a fiat currency, have emerged as a key 
use case for digital assets. According to DefiLlama, the current market 
capitalization for all stablecoins is at $242.8 billion as of May 14, up 51.9% 
in the past 12 months.
_Stablecoin market cap. Source:__DefiLlama_
Nation-states and economic blocs are increasingly working on stablecoin 
regulations to tackle the rising usage across the world. While the most used 
stablecoins are pegged to the US dollar, there is demand for stablecoins 
pegged to other fiat currencies.
_**Magazine:**__**Legal Panel: Crypto wanted to overthrow banks, now it &#8216;s 
becoming them in stablecoin fight**_

Canada 'got it wrong' labeling stablecoins securities — NDAX exec

The Ethereum Foundation announced the “Trillion Dollar Security” (1TS) 
initiative, a three-part plan to enhance Ethereum’s resilience for high-value 
institutional and individual use. Ethereum’s 1TS Initiative Focuses on 
Protocol, Smart Contract Risks The project aims to enable billions of users to 
securely store over $1,000 each onchain and support single contracts holding 
more than $1 […]

Ethereum Foundation Launches Trillion Dollar Initiative to Scale Onchain Security

Pi Network price retreated by over 13% after the Core Team launched the $100 
million ecosystem fund. Pi Coin (PI) dropped to $1.06, down more than 35% from 
its highest point this week. This decline brought its market capitalization 
to…

Here’s why Pi Network price dropped after the ecosystem fund news

Ukraine&#8217;s move to establish a Bitcoin reserve could accelerate global crypto 
adoption and influence international financial strategies.
The post Ukraine plans to create national Bitcoin reserve appeared first on 
Crypto Briefing.