Enjin Blockchain has added testnet support for stablecoins USDC and USDT, enabling their use within its NFT and gaming ecosystem via Hyperbridge. Stablecoins are heading to Enjin Blockchain, with USD Coin (USDC) and Tether (USDT) now live on Hyperbridge&#8217;s testnet…

Enjin Blockchain enables cross-chain stablecoin transfers with Hyperbridge

Spot Bitcoin exchange-traded funds (ETFs) in the United States are heading for 
a record-breaking month, helping push Bitcoin to new all-time highs amid 
rising institutional demand.
The US-listed spot Bitcoin (BTC) ETFs recorded more than $1.5 billion in 
combined inflows over a two-day period, with $608 million on May 21 and $934 
million on May 22, according to data from Sosovalue.
A repeat performance of the past two days&#8217; inflows would see monthly inflows 
surge to $6.68 billion, surpassing the monthly record of $6.49 billion from 
November 2024. 
_Bitcoin ETF inflows, monthly, all-time chart. Source: Sosovalue_
 _**Related:**__**German gov &#8216;t missed out on $2.3B profit after selling 
Bitcoin at $57K**_
ETF inflows helped Bitcoin rise to a new all-time high of $112,000 on May 22 
before retracing to above $110,700 on May 23, up over 19% in the past week, 
TradingView data shows.
_BTC/USD, 1-year chart. Source: Cointelegraph/TradingView_
The &#8220;robust&#8221; ETF inflows and Bitcoin&#8217;s rise to new all-time highs signal 
growing institutional demand and rising realized profits &#8220;without increased 
sell pressure,&#8221; Nexo dispatch editor Stella Zlatareva told Cointelegraph.
&#8220;Institutional inflows, corporate balance sheet moves, and macro dislocation 
converge into a clear message: Bitcoin is no longer the alternative &#8212; it&#8217;s 
becoming the benchmark,&#8221; she added.
Recent surges in ETF demand coincided with $1 billion worth of Bitcoin being 
withdrawn from Coinbase on May 9 &#8212; a move analysts view as a signal of 
increasing institutional appetite.
_**Related:**__**Exponential currency debasement: &#8216;You don&#8217;t own enough 
crypto, NFTs&#8217;**_
## Institutional inflows to push Bitcoin to $200,000 in 2025
The &#8220;structural&#8221; inflows from institutions may help Bitcoin surpass the 
$200,000 &#8220;base case&#8221; before the end of 2025, according to Bitwise&#8217;s head of 
European research, Andre Dragosch.
&#8220;So the base case is $200,000, conditional on the US government not stepping 
in. If they step in, it will move closer toward $500,000,&#8221; Dragosch told 
Cointelegraph, referring to the US government&#8217;s proposition to make direct 
Bitcoin acquisitions through &#8220;budget-neutral&#8221; strategies.
Bitwise&#8217;s &#8220;in-house prediction&#8221; for 2029 is a $1 million Bitcoin price target, 
as Bitcoin&#8217;s market cap will surpass the market capitalization of gold, as the 
leading safe-haven asset, Dragosch explained.
_Top 10 global assets by market capitalization. Source: CompaniesMarketCap_
However, gold&#8217;s $22.3 trillion market capitalization is still over 10 times 
larger than Bitcoin&#8217;s $2.2 trillion, which makes BTC the world&#8217;s fifth-largest 
asset, according to CompaniesMarketCap data.
_**Magazine:**__**Crypto wanted to overthrow banks, now it &#8216;s becoming them in 
stablecoin fight**_

US Bitcoin ETFs near record month after $1.5B inflows in 2 days

Bitcoin&#8217;s price is coasting along at $107,793 to $108,316 per unit over the 
last hour, marking a 1% decrease from the previous trading session. With a 
market capitalization of $2.19 trillion and a 24-hour trading volume of $38.79 
billion, the cryptocurrency saw a wide intraday price movement between 
$107,367 and $112,000. Bitcoin Bitcoin’s daily chart […]

Bitcoin Price Watch: Bearish Patterns Emerge as Volume Declines

Geopolitical tensions and trade policies continue to impact cryptocurrency 
markets, highlighting their vulnerability to macroeconomic shifts.
The post Bitcoin tumbles under $108K after Trump calls for 50% EU tariff 
appeared first on Crypto Briefing.

Bitcoin tumbles under $108K after Trump calls for 50% EU tariff

Singapore-based artificial intelligence firm Genius Group has added more 
Bitcoin to its corporate treasury after being temporarily banned from doing 
so.
In a May 22 announcement, Genius Group explained that it has resumed 
accumulating Bitcoin (BTC) following a favorable ruling by the US Court of 
Appeals. It follows Genius Group being temporarily barred from expanding its 
Bitcoin treasury after a US court order had banned it from selling shares, 
raising funds and using investor funds to buy more BTC.
Genius Group announced it increased its Bitcoin Treasury 40% with the purchase 
of 24.5 BTC, worth around $2.7 million. The company now holds 85.5 BTC 
acquired for a total of $8.5 million, at an average price of $99,700 per coin.
&#8220;We are pleased to be able to begin the task of rebuilding shareholder value 
from the damage caused by the legal actions of third parties, and delivering 
on our 2025 plan,&#8221; the company&#8217;s CEO, Roger Hamilton, said.
_**Related:**__**Swedish health firm jumps 37% on first Bitcoin buy, China EV 
seller to buy 1K BTC**_
## A long-term commitment
Hamilton said that Genius Group is &#8220;committed to educating students on the 
ABCs of the Future: AI, Bitcoin and Community.&#8221; He claimed that the firm is 
preparing the world for the upcoming digital workforce and digital economy, 
adding:
&gt; &#8220;Building our Bitcoin Treasury is a key part of that plan.&#8221;
Genius Group is listed on the New York Stock Exchange (NYSE) with a current 
market cap of $24.34 million. Google Finance data shows that the company&#8217;s 
stock is trading at under half of the value it had when starting the year, at 
$0.34 at the time of writing, dropping over 8% in the last trading day from 
$0.41.
_Genius Group stock price chart. Source:__Google Finance_
 _**Related:**__**Bitcoin open interest hits record high as BTC slips below 
$111K**_
## The many firms following in MicroStrategy&#8217;s footsteps
By accumulating Bitcoin, Genius Group is following the lead of the world&#8217;s top 
corporate Bitcoin treasury company, Strategy, previously known as 
MicroStrategy. Strategy now holds well over 2% of the total Bitcoin that will 
ever be created and continues buying more. The firm acquired nearly $765 
million in Bitcoin last week.
Genius Group is not the only company following in the Strategy&#8217;s footsteps. 
Earlier this month, a Bahrain-based, listed catering company with a $24.2 
million market cap adopted a Bitcoin treasury strategy in partnership with 
investment firm 10X Capital.
Also this month, shares of luxury watchmaker Top Win surged more than 60% in 
premarket trading after the company said it would adopt a Bitcoin accumulation 
strategy and had changed its name to AsiaStrategy.
_**Magazine:**__**Metric signals $250K Bitcoin is &#8216;best case,&#8217; SOL, HYPE 
tipped for gains: Trade Secrets**_

Genius Group resumes Bitcoin buying after US court ruling

Binance co-founder and former CEO Changpeng &#8220;CZ&#8221; Zhao has pushed back against 
a report in The Wall Street Journal, calling it a &#8220;hit piece&#8221; filled with 
inaccuracies and negative assumptions.
In an X post, Zhao criticized the publication&#8217;s portrayal of his alleged 
involvement with World Liberty Financial, the decentralized finance project 
backed by a business entity affiliated with US President Donald Trump. Trump&#8217;s 
sons &#8212; Eric and Donald Jr. &#8211;are involved in the management of the company.
Zhao said the WSJ article portrayed him as acting as a &#8220;fixer&#8221; for the WLF 
team and its co-founder Zach Witkoff during foreign trips.
The article suggested Zhao facilitated introductions and meetings for WLF 
leaders during foreign trips, including a visit to Pakistan that reportedly 
resulted in a memorandum of understanding with a local official.
&#8220;I am not a fixer for anyone,&#8221; Zhao said, firmly denying that he connected 
Pakistani official &#8220;Mr. Saqib&#8221; with WLF or organized any engagements abroad. 
&#8220;They had known each other way back, whereas I only met with Mr. Saqib for the 
first time in Pakistan.&#8221;
_Source:__Changpeng Zhao_
## WSJ reports on Steve and Zach Witkoff
Zhao&#8217;s response follows a WSJ investigation highlighting a complex string of 
diplomatic and business interests involving WLF.
The report raised concerns about the blurred lines between public duties and 
private interests and focused on diplomatic and business dealings involving 
WLF co-founders Steve Witkoff and his son, Zach Witkoff. Steve Witkoff serves 
as the US Special Envoy to the Middle East under the Trump administration, 
while Zach Witkoff has been involved in securing a reported $2 billion crypto 
deal.
The report raised questions about whether diplomatic efforts overlapped with 
private crypto ventures, and implied Zhao may have been attempting to curry 
favor with the Trump administration
On May 6, Zhao confirmed that he is seeking a pardon from the Trump 
administration for his earlier money laundering conviction.
The report also highlighted that WLFI, which raised over $600 million in token 
sales, does not disclose the names of all its investors aside from some 
publicly known ones like Tron founder Justin Sun, who attended Trump&#8217;s 
memecoin dinner on May 22.
Trump hosted the dinner for the largest investors of his Official Trump 
(TRUMP) memecoin. Sun, Magic Eden CEO Jack Lu and BitMart CEO Sheldon Xia were 
among attendees and shared photos of the event.
_**Related:**__**Binance scores legal win as UK court partially dismisses 
Bitcoin SV lawsuit**_
## Zhao claims the WSJ report is an &#8220;attack&#8221; on crypto
Zhao claimed the WSJ submitted a list of questions containing what he 
described as &#8220;wrong and negative assumptions.&#8221; He and his public relations 
team responded by pointing out several factual inaccuracies, he said, but 
concluded that the article was &#8220;built on a flawed narrative.&#8221;
Zhao slammed the WSJ, calling it a &#8220;mouthpiece&#8221; for anti-crypto forces in the 
United States. He said the forces behind the publication want to hinder 
efforts to make the US a crypto capital.
&#8220;They want to attack crypto, global crypto leaders and the pro-crypto 
administration,&#8221; CZ claimed, saying the article is part of a broader effort to 
stifle the industry&#8217;s growth in the US.
This is not the first time Zhao has clapped back at the WSJ recently. In an 
April 11 report, the publication cited anonymous sources alleging that Zhao 
agreed to testify against Tron founder Justin Sun as he settled with US 
prosecutors.
CZ dismissed the report, saying that people who become government witnesses 
don&#8217;t go to prison and are protected. CZ also claimed that someone paid WSJ 
employees to smear his name.
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scam apps: Asia Express**_