Hyperliquid’s native token $HYPE is trading at $26.73, up 8.6% in the past 24 hours and over 80% in the past month. Since hitting a low of $10.34 in April, the token has rebounded 260% and is now just 23%…

Hyperliquid surges 260% from April lows as daily revenue hits $2M, open interest nears $1B

Bitcoin could benefit from favorable market conditions through July, before 
seasonal headwinds and tariff deadlines take effect, analysts say. Bitcoin 
(BTC) has jumped more than 25% since April, and it&#8217;s now holding near $106,000 
with several signs pointing to more…

FTX stablecoin payouts and ETF inflows could boost Bitcoin in June

E-commerce company DDC Enterprise announced its plans to adopt a strategic 
Bitcoin reserve, with the goal of accumulating at least 5,000 BTC within the 
next 36 months. It initially invested in 100 BTC ($10.3 million). Through an 
official statement, the…

U.S. and China-based DDC Enterprise adopts Bitcoin reserve strategy with 5,000 BTC target

A new report from enterprise-grade digital assets platform Fireblocks shows 
that 90% of institutional players are either using or exploring the use of 
stablecoins in their operations.
The report, published May 15, surveyed 295 executives across traditional 
banks, financial institutions, fintech companies and payment gateways. Nearly 
half of respondents (49%) said they already use stablecoins in payments, while 
23% are conducting pilot tests, and another 18% are in the planning phase.&#8217;
Only 10% of institutions surveyed said they are undecided about stablecoin 
adoption.
&#8220;The stablecoin race has become a matter of avoiding obsolescence as customer 
demand accelerates and use cases mature,&#8221; Fireblocks wrote in the report.
_Current stablecoin adoption among institutional respondents. Source: 
Fireblocks_
## Traditional banks prioritize cross-border payments for stablecoin use
As traditional cross-border systems are hampered by higher costs, delays and 
other inefficiencies, stablecoins have emerged as a strategic solution in 
emerging markets&#8217; business-to-business (B2B) settings.
The report found that financial institutions, particularly traditional banks, 
cited cross-border payments as their top priority when using stablecoins. 
Banks use stablecoins to regain a competitive advantage, reduce friction and 
meet customer expectations.
The report found that 58% of traditional banks use stablecoins for cross- 
border payments, while 28% use the assets to accept payments. Twelve percent 
of banks use stablecoins to optimize their liquidity, while 9% use them in 
merchant settlement. Another 9% use them in B2B invoicing.
Fireblocks said banks see stablecoins as a &#8220;path to modernization.&#8221; It said 
that since the assets are fiat-pegged, it&#8217;s easier to integrate them into 
existing treasury workflows. In addition, stablecoins also offer a lever to 
reclaim market share from financial technology companies and reduce capital 
lock-up.
_Stablecoin use case for traditional banks. Source: Fireblocks_
 _**Related:**__**Stablecoin bill passes in Northern Marianas as House 
overrides veto**_
## Speed is cited as the top benefit for stablecoin use
The survey results showed that banks use stablecoins to regain cross-border 
volume while maintaining existing infrastructure. Meanwhile, financial 
technology firms and payment gateways use digital assets to gain margin and 
revenue.
_Top cited benefits of stablecoin use. Source: Fireblocks_
Among the benefits cited by survey respondents, faster settlement came in at 
the top, with 48% of participants citing it as a benefit for stablecoin use. 
Meanwhile, the least cited benefit was lower transaction costs.
Other benefits included greater transparency, better liquidity management, 
integrated payment flows and enhanced security.
_**Magazine:**__**Danger signs for Bitcoin as retail abandons it to 
institutions: Sky Wee**_

90% of institutions ‘taking action’ on stablecoins: Fireblocks survey

After reclaiming the crucial $100,000, Bitcoin (BTC) is testing its recently 
recovered levels as support, with some analysts suggesting that the price will 
see a short-term sideways move before breaking out of its key resistance. 
Related Reading: Avalanche (AVAX) Eyes 30% Rally Amid Cup-And-Handle Pattern 
Breakout BTC’s Next Key Levels Over the past month, Bitcoin has seen a massive 
performance, recovering more than 23% from the $84,000 mark. The flagship 
crypto has reclaimed the $100,000 barrier, lost during the February pullback, 
and rallied to a three-month high of $105,819. Amid the market recovery, BTC 
has re-entered its post-US elections range, between the $92,000 and $106,000 
levels, trading just 4.4% below its January all-time high (ATH). However, the 
massive rally seems to have slowed after nearing the range&#8217;s upper level, 
which could momentarily halt its next leg up. This week, Bitcoin has ranged 
between $101,500-$105,000, taking out most of the liquidation clusters within 
the weekly range lows. Daan Crypto Trades pointed out that now the 
cryptocurrency is “pretty far away from any large liquidity clusters.” He 
explained that BTC’s price hasn’t traded in the range’s high for a significant 
period, and few new positions were built around this area “after the initial 
squeeze of shorts.” As such, the main levels to look out for are the range’s 
highs above the $106,000 resistance, and the range’s low around the $93,000 
support, where the recent breakout occurred. Bitcoin To Trade Sideways For Two 
Weeks? Analyst The Cryptonomist considers that BTC’s price action is “very 
simple from here,” as the flagship crypto moves within a one-month rising 
wedge pattern. If Bitcoin remains inside the formation, it could surge to the 
$110,000-$112,000 levels. However, if Bitcoin falls below the lower boundary, 
around $100,000, it could lose the key support and attempt to fill the CME Gap 
around the $92,000 before a new ATH rally. Meanwhile, market watcher Ted 
Pillows highlighted Bitcoin’s correlation with the Global M2 money supply. The 
analyst noted that the cryptocurrency’s price action has resembled the Global 
M2 supply chart for the past several months, including the recent pump above 
$100,000. Related Reading: Ethereum Prepares For $2,850 Rally, But Analysts 
Warn Of Potential Dip To These Levels Now the chart suggests a consolidation 
period, which could see Bitcoin move sideways for one to two weeks, if it 
continues to follow the Global M2 supply path. “Once that is over, BTC&#8217;s next 
leg up will start, which will push it above $120K,” he affirmed. Additionally, 
Ted pointed out BTC’s Wyckoff accumulation is in the final phase, with some 
consolidation happening above the $100,000 support, “which is a good sign.” 
Concluding that, with liquidity entering again, the next leg up “will soon 
start.” As of this writing, Bitcoin trades at $104,916, a 0.5% decline in the 
daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin Next Leg Up Loading? Analyst Says BTC Could Trade Sideways For Two Weeks

EOS crypto is showing strong signs of recovery just days after officially 
rebranding to Vaulta, with several bullish signals flashing across its charts. 
EOS (EOS), now rebranded as Vaulta with the ticker ‘A’, surged to an intraday 
high of $0.85…