Volatility Shares has launched the first-ever XRP futures ETF on Nasdaq today, offering investors indirect exposure to XRP through regulated derivatives for the first time. According to a SEC filing dated May 21, Volatility Shares, a U.S. firm specializing in…

Volatility Shares launches first XRP futures ETF on Nasdaq

Cryptocurrency investors are holding major assets despite near-record prices, 
with exchange inflows plummeting and stablecoin liquidity surging to new 
highs, according to a May 2025 report by blockchain analytics firm 
Cryptoquant. At Near All-Time Highs, Crypto Exchange Inflows Collapse 
Cryptoquant’s findings suggest reduced selling pressure across bitcoin, 
ethereum, and XRP alongside record liquidity conditions, potentially […]

Despite Record Prices, Bitcoin Selling Pressure Craters as Investors Hold Firm, Cryptoquant Reports

**Key points:**
 * Mixed results for US jobless claims fail to dent risk-asset enthusiasm.
 * Despite concerns over the bond market, Bitcoin and stocks enjoy stability at the start of the Wall Street trading session.
 * BTC price expectations remain lofty amid low volatility and a curious lack of profit-taking.
Bitcoin (BTC) focused on $111,000 around the May 22 Wall Street open as record 
highs met mixed US unemployment data.
_BTC/USD 1-hour chart. Source: Cointelegraph/TradingView_
## 
Bitcoin, stocks brush off jobs uncertainty
Data from Cointelegraph Markets Pro and TradingView showed BTC price 
volatility cooling in line with stocks.
The latest US macroeconomic data painted a conflicting picture of labor market 
resilience to inflation trends.
Initial jobless claims came in below expectations at 227,000, while continuing 
claims exceeded their target by 13,000.
Far from a wary reaction, however, risk assets maintained prior levels, 
leading analysis to bullish conclusions over market sentiment.
&#8220;Initial Jobless Claims came in cooler than expected. Continuing Claims came 
in hotter than expected,&#8221; Blacknox, cofounders of trading resource Material 
Indicators, reacted on X.
&gt; &#8220;BTC is in price discovery, and the market wants to celebrate the good news 
&gt; and ignore the bad news.&#8221;
Fellow co-founder Keith Alan described the jobless numbers as &#8220;a bit more fuel 
for BTC momentum.&#8221;
&#8220;Keep watching Bitcoin and Gold,&#8221; trading resource The Kobeissi Letter 
continued.
Kobessi added that it expected some form of government intervention in the 
bond market after stocks&#8217; volatility kicked in the day prior.
&gt; On today&#8217;s episode of the bond market: 
&gt; 
&gt; The US 30Y Bond yield just hit 5.15% for the first time since October 2023. 
&gt; 
&gt; Other than October 2023, 30Y Yields have not been this high since July 2007. 
&gt; 
&gt; We expect attempted intervention by Trump and Bessent as the Fed refuses to 
&gt; cut… https://t.co/GUptlBLyCK pic.twitter.com/0DONKceum6 
&gt; 
&gt; &#8212; The Kobeissi Letter (@KobeissiLetter) May 22, 2025
## 
Bitcoin due &#8220;bigger move&#8221; amid low profit-taking
Comparing the latest all-time highs to previous cycles, meanwhile, Bitcoin 
market participants revealed surprising behavior.
_**Related:**__**Bitcoin &#8216;looks exhausted&#8217; as next bear market yields $69K 
target**_
Volatility and mass profit-taking, they noted, were both conspicuously lacking 
at $111,000.
&#8220;Can&#8217;t recall a time in history where $BTC just casually traded around in a 1% 
range at all time highs,&#8221; popular trader Daan Crypto Trades told X followers.
&gt; &#8220;Bigger move following once it breaks this local tiny range. Quite a lot of 
&gt; positions being build up on both sides.&#8221;
_BTC/USDT 15-minute chart. Source: Daan Crypto Trades/X_
Order book liquidity data from monitoring resource CoinGlass thickening bids 
and asks around spot price.
_BTC liquidation heatmap. Source: CoinGlass_
Elsewhere, onchain analytics platform Glassnode flagged steadfast resolve 
among hodlers despite 100% supply profitability.
&#8220;When $BTC hit all-time high yesterday, total profit-taking volume was around 
$1.00B &#8211; less than half the amount realized when Bitcoin first crossed $100K 
last December, which hit $2.10B,&#8221; it noted on the day.
&gt; &#8220;Despite a higher price, profit realization was far more muted.&#8221;
_Bitcoin spent volume by coin dormancy. Source: Glassnode_
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.

BTC price eyes $112K as risk assets 'ignore bad news' on unemployment

**Key takeaways:**
 * Bitcoin&#8217;s rally to new price highs happened as funding rates and trading sentiment remained unusually subdued.
 * Rising stablecoin supply and global M2 growth indicate untapped liquidity and the potential for further price increases.
 * Long-term holders are not aggressively selling, reflecting their expectation for continued Bitcoin price appreciation.
Bitcoin (BTC) hit a new all-time high on May 21, with prices rising to 
$111,860 on Binance on May 22, but the markets lack the state of frenzy 
associated with new highs. Economist and crypto commentator Alex Kruger noted 
that &#8220;this is the least euphoric new all-time highs&#8221; for Bitcoin, after 
highlighting subdued funding rates for Bitcoin across crypto exchanges.
_Bitcoin price and aggregated funding rate. Source: Coinalyze_
The chart illustrates that the current BTC funding rate is significantly below 
previous market highs observed during March and November 2024. The funding 
rate was six times higher in Q1 and three times higher in Q4 last year.
These low rates indicate minimal speculative activity in the futures market, 
with the rally driven by spot buyers rather than leveraged traders, reducing 
the risk of over-leveraged corrections.
Such a scenario also indicates that Bitcoin might not have reached a state of 
euphoria yet.
The availability of untapped liquidity in the crypto ecosystem underscores the 
potential for further growth. Stablecoin market capitalization, often a 
leading indicator of incoming capital, has risen to 14% in 2025. Tether&#8217;s 
(USDT) market cap jumped to $152 billion from $139 billion in January, while 
Circle&#8217;s USDC supply has increased by 35% to $58 billion.
_Total stablecoin supply. Source: Token Terminal_
Stablecoins often act as a bridge for new capital entering the crypto market, 
and their growth suggests a substantial pool of liquidity that has yet to be 
fully deployed into Bitcoin and other crypto assets.
Additionally, global liquidity trends provide further tailwinds. The global M2 
money supply, which measures the total money in circulation across major 
economies, grew by 5% in Q1 2025, driven by monetary policy adjustments in the 
US, EU, and Japan.
Cointelegraph reported a strong correlation, exceeding 80%, between Bitcoin&#8217;s 
price and global liquidity, typically with a 60-day lag, pointing to further 
buying pressure in the coming months.
_Bitcoin price and Global M2 supply. Source: X.com_
 _**Related: These 4 memecoins can outperform Bitcoin this cycle**_
## &#8220;Muted&#8221; profit-taking reflects confidence in Bitcoin
Glassnode data adds another layer of insight into Bitcoin&#8217;s current market 
dynamics. Despite the new highs, profit-taking among Bitcoin holders remains 
restrained. The data analytics platform noted,
&gt; &#8220;When $BTC hit all-time high yesterday, total profit-taking volume was 
&gt; around $1.00B &#8211; less than half the amount realized when #BTC first crossed 
&gt; $100K last December, which hit $2.10B. Despite a higher price, profit 
&gt; realization was far more muted.&#8221;
This muted activity suggests that long-term holders are not rushing to cash 
out, which typically reflects confidence in further price appreciation.
_Bitcoin spent volume by age data. Source: X.com_
The lack of widespread participation indicates that Bitcoin&#8217;s rally is not a 
crowded trade, leaving room for new capital to enter the market. The 
restrained profit-taking, combined with low speculative activity in the 
futures market, paints a picture of a market far from overheated or 
&#8220;euphoria&#8221;.
_**Related: Bitcoin tops Amazon market cap on &#8216;Pizza Day&#8217; as price sets new 
highs**_
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 could go much higher due to lack of FOMO and futures market euphoria — Analysts

DeLorean launched an onchain reservation system and non-fungible token (NFT) 
marketplace for its upcoming electric vehicle launch, introducing a new 
blockchain-based approach for reserving and reselling cars.
According to DeLorean, its Build Slot NFT collection grants holders priority 
access to purchase DeLorean&#8217;s upcoming electric car, Alpha 5 EV. The model is 
the carmaker&#8217;s first vehicle in over 40 years, inspired by the iconic flux 
capacitor from the movie Back to the Future.
The company created an exclusive marketplace for its NFT holders, in which 
users can buy or trade the NFTs using the USDC (USDC) stablecoin on the Sui 
network and will be able to earn rewards.
DeLorean says that each vehicle&#8217;s history and performance data will be 
recorded onchain through the FLUX protocol, including key data such as battery 
health, maintenance records, accident history, and verified odometer readings.
This detailed data makes it easier for auto enthusiasts to bid on or resell 
vehicles in the secondary market, the company said.
_DeLorean NFT platform. Source: DeLorean_
&#8220;Since DeLorean&#8217;s emergence in the 1980s, the brand has stood as a symbol of 
vision, rebellion, and futuristic innovation,&#8221; according to Cameron Wynne, the 
chief brand officer at DeLorean. &#8220;By using blockchain technology, we&#8217;re 
setting a new standard for the automotive industry,&#8221; Wynne said.
The NFT-based reservation system and the tokenization of an electric vehicle 
signal DeLorean&#8217;s interest in digital assets. The company is also the first 
carmaker to introduce a utility token, the DeLorean ($DMC) token.
_DMC tokenomics. Source:__Deloreanlabs _
## **Luxury brands exploring blockchain, NFTs**
NFTs are becoming digital passports for luxury goods, linking to full 
lifecycle benefits such as reservation, maintenance, resale, and membership 
services.
By tokenizing luxury products using NFTs, brands can enhance their 
technological appeal while reinforcing a sense of scarcity and community 
value.
Global fashion brand Louis Vuitton ventured into NFTs in 2023, offering NFT 
holders exclusive access to certain products like a $6,400 digital mini trunk, 
a $9,000 bag and a varsity jacket worth around $8,400.
LVMH Group launched the blockchain-based AURA platform, where luxury items are 
represented as unique NFTs containing information such as the origin of raw 
materials, production date and maintenance history.
_**Magazine:**__**Pranksy: Inside the anonymous life of an NFT legend &#8212; NFT 
Collector**_

Carmaker DeLorean tokenizes EV reservations on Sui

Dogecoin continues to climb amid rising network activity and overall growth in 
the crypto market.