Little progress is better than no progress at all. Success comes in taking many small steps! (weekly crypto updates)

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What happened in crypto in the past week? This week Bitcoin rose a bit then dropped massivelly, with altcoins to follow after a short delay. Everybody and their uncles are makign new stablecoins now. I found a way to expose myself to BTC via BlackRock, using Freetrade. Feel free to check them. What else? Read below:

• Bitcoin: Bitcoin climbed to $77.500 on May 26, as odds rose sharply for an US-Iran deal, even the oil fell more than 5%. We are told that Bitcoin ETF outflows are about rotation, not exit. Yet, JPMorgan said that outflows from both BTC and gold ETFs reflect a cooling debasement trade, not rotation between the two. What do you think? MoonPay let you buy Bitcoin inside ChatGPT, along with XRP, SOL and USDC. But enough with the rumors. Bitcoin's chart has completed a multi-year cup and handle pattern, with a minimum price target on $220K contigent on holding support on $74K. It signals seller exhaustion, before the bear market ends. While Bitcoin dropped, the stocks hit record highs on May 27. Elon is discussing merging Tesla and SpaceX, both of them holding BTC positions. Interesting to follow what happens next! Strategy acquired no Bitcoin over the past week, true to his words, Saylor repurchased $1.5B in their 2029 convertible notes instead. For what I know, the next move for Strategy is the creation of a perpetual preffered stock called STRC, a NASDAQ listed security that pays monthly cash dividend and it is designed to trade near a $100 par value.
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• Ethereum: ETH rose a 1.4% on May 25. And then, shortly after, nearly $1B left BTC and ETH ETFs in the last week. What changed? Bitmine did buy 111.942 ETH last week for $237M, its largest acquisition of 2026. Standard Chartered maintain its ETH price target, comparing it with Amazon in 2001, when it dropped from $113 to $6 while still growing the bussiness. ETHs transaction counts and TVL both remain near all time highs.
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• Altcoins and stablecoins: NEAR jumped 15% over 24 hours as cross-chain volume hit a new record. Arthur Hayes named NEAR, ZEC and HYPE as his current top trio. A World Cup memecoin pumped over x30000%. Sofi made SofiUSD, the first bank issued stablecoin in a consumer app. Mastercard secured a license to support stablecoin and digital payment infrastructure. Tether and the government of Georgia launched GELT, Aan official stablecoin for the country. Falcon Finance is also ready to launch fUSD, a Genius compliant stablecoin with a targeted 3% annual yield. Block's Cash App began rolling out USDC payments to 25% of its nearly 60M users on May 27, with full availability in one more week.
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• NFTs and blockchain games: I have also enjoyed playing Golem Overlord lately on Hive, and it is quite engaging, I would say, with no significant updates lately. On Splinterlands, we have had the Land NFT new update and improved tokenomics, and the new cards from the Escalation mini collection are up and running.

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• Good news: Bitmine is set to join Russell 1000 Index on June 26, as they hold 3.8% of ETH total supply right now. VanEck launched the first US spot BNB ETF on May 29.
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• Bad news: A new way to lose money, Coinbase connected AI agents directly to crypto wallets via a tool called Base MCP, the system is fully non-custodial and requires manual user approval before any transaction is signed. So, you play with your money, they get the fees. RobinHood also let AI agents to trade stocks on your behalf. Grayscale delays plans for IPO.
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• Joke of the week: Spain's gambling regulator blocked Polymarket and Kalshi on May 26 for operating without required authorisation. Betting with crypto is still betting, right?

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All the best,

George

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Why not...

...have fun and win rewards on my favourite blockchain games (Splinterlands- a Hearthstone-like card game) (Golem Overlord - a Play2Earn game on Hive) (Holozing - a Pokemon-like game)and ( Chain of Legends - with a hint of Heroes of Might and Magic).

...get crypto while writing on the Publish0x blog. I am also writing for crypto on Hive.

Posted Using INLEO