U.S. equities experienced gains following Memorial Day, with the Nasdaq increasing by 2%, as investors showed resilience despite labor market concerns and found encouragement in easing trade tensions. SharpLink Gaming, in collaboration with Ethereum co-founder Joseph Lubin and ConsenSys, has introduced a $425 million ETH-based treasury reserve plan, mirroring MicroStrategy's Bitcoin strategy. The offering is anticipated to conclude around May 29, 2025, with Lubin stepping in as chairman.
Bitcoin exchange-traded funds (ETFs) have seen substantial inflows, exceeding $385 million, highlighting sustained institutional interest. Trading circles are keenly observing the Bitcoin Conference in Las Vegas this week, which features prominent speakers such as JD Vance and Michael Saylor. QCP Capital has pointed out front-end volatility, with BTC fluctuating between $107,000 and $110,000.
There has been a reduction in perpetual futures open interest, funding rates have stabilized, and some retail traders are decreasing their exposure. Despite these shifts, analysts maintain a generally positive outlook, predicting price increases towards new peaks by the summer. SignalPlus's Augustine Fan has highlighted favorable macro conditions and a robust underlying market structure.