Bitget Daily Digest (May 22)｜BTC Hits New ATH on Regulatory Optimism; “Trump Dinner” Set to Take Place

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远山洞见2025/05/22 01:44

By:远山洞见

Bitget Daily Digest (May 22)｜BTC Hits New ATH on Regulatory Optimism; “Trump Dinner” Set to Take Place image 0

Today'Preview

1.U.S. Initial Jobless Claims for the week ending May 17 will be released (previous: 229K).

2.Former U.S. President Trump will host a private dinner for the top 220 holders of the TRUMP meme coin. The top 25 holders may be invited to visit the White House.

3.Metars Genesis (MRS) will unlock 10 million tokens, worth approximately $177 million.

4.Voting ends today for the PayFi x Huma x JupiterDAO alliance proposal, offering 1% of token supply at a $75M FDV via a pre-sale to JUP stakers, with a 3-month lock post-TGE. The proposal also includes a $250K DAO token swap and a community-led token launch.

5.Aethir will launch a Checker Node NFT buyback program, allowing holders to sell NFTs back to the foundation at a fixed price to enhance flexibility.

Macro & Hot Topics

1.Bitcoin Hits All-Time High, Trump Celebrates on Truth Social Bitcoin has surpassed Amazon in market cap, becoming the world’s 5th largest asset behind gold, Microsoft, Nvidia, and Apple. Trump posted “BITCOIN ALL TIME HIGHS, ENJOY!!” on Truth Social to mark the milestone. The rally is driven by regulatory momentum, including the passage of the “GENIUS Act” into amendment phase by a 69–31 Senate vote. Meanwhile, Texas passed SB 21, a strategic Bitcoin reserve bill, which now awaits the governor’s signature.

2.The Trump Dinner: A Historic Night for TRUMP Holders Scheduled for the early morning of May 23 Beijing time, Trump will host the top 220 TRUMP coin holders at the Trump National Golf Club in Potomac Falls, VA. The top 25 holders may also tour the White House. Attendees must clear a background check and arrive by 5:30 PM local time. The dinner starts at 7 PM and may run until 10 PM. Tron’s Justin Sun, a MemeCore rep from Singapore, and Aussie investor Warwick have confirmed attendance. Protest activity is expected around the event.

3.10x Research: BTC Selling is Strategic, Not Panic Early investors, miners, and exchanges are gradually reducing positions in favor of high-net-worth individuals, hedge funds, and corporate treasuries. Volatility is low, and exchange inflows remain subdued. The next target for BTC could be $122,000, driven by long-term holders increasing their supply.

4.Hong Kong Passes Stablecoin Bill Lawmaker Johnny Ng announced the third reading approval of Hong Kong’s stablecoin regulation bill. The HKMA is expected to accept issuer applications by end of 2025. Stablecoins will be backed by fiat assets, with future focus on expanding use cases (retail, cross-border trade) and improving market competitiveness through yield incentives.

5.Arthur Hayes Predicts $250K BTC by Year-End In a Bankless interview, Hayes revealed his family office, Maelstrom Fund, is 60% in BTC, 20% ETH, with the rest in gold, mining stocks, and bonds. He sees BTC reaching $150–200K this summer with a deep correction before hitting $250K by year-end. ETH could hit $10K–20K if it breaks $5K. Hayes expects an altcoin season focused on fresh narratives, not just high-FDV/low-float tokens.

Market Overview

1.BTC Breaks 110K ATH; $4.55B Liquidated in 24H $DOGE and $PEPE climbed into the top 5 by trading volume. $LAUNCHCOIN plummeted, while staking protocol $PSTAKE led Bitget’s gainers.

2.U.S. 20-Year Bond Auction Flops, Stocks and Dollar Drop Dow falls nearly 2%. Gold surges over 1%.

3.Bitget Liquidation Heatmap (BTC/USDT):

At $109,775:If BTC drops 2K to $107,775: Over $375M in long liquidations

If BTC rises 2K to $110,775: Over $327M in short liquidations

Leverage management advised to avoid large-scale liquidations during volatile moves.

4.BTC Spot Flows (24H):

Inflows: $5.1B

Outflows: $5.0B

Net Inflow: $100M

5.Top Derivative Outflows (24H):

$ETH, $SOL, $XRP, $PEPE, $DOGE show net outflows — potential trading opportunities.

Institutional Insights

Bloomberg: Gold/Silver ratio near historic quarterly highs — bad omen for risk assets. Source

CryptoQuant: BTC selling expected near $126K. Source

QCP: If firms like Strategy and Metaplanet reduce BTC buying, it could reverse the uptrend. Source

News Updates

1.Former FOX reporter: “GENIUS Act” has entered amendment phase.

2.Russia’s Ministry of Justice proposes enabling crypto asset seizure.

3.South Korea to allow NPOs and exchanges to sell virtual assets starting June.

4.Hong Kong to accept stablecoin issuer applications by year-end.

5.SEC Commissioner Peirce: NFTs with creator royalties won’t be classified as securities.

6.Trump posts to celebrate BTC all-time high.

Project Updates

1.VanEck to launch Avalanche-focused PurposeBuilt fund.

2.Canary Digital updates Solana ETF filing and renames the product.

3.Solana Mobile’s Seeker phone to ship on August 4, launching SKR token.

4.Bitget Wallet kicks off $1M airdrop campaign: “Crypto for Everyone Movement.”

5.DWF Labs transfers 2M $MANTA (~$551K) to staking wallet.

6.Story enables Twitter trending posts to generate on-chain music IPs in Virtuals’ MUSIC platform.

7.SEC acknowledges BlackRock’s spot ETH ETF redemption mechanism.

8.World raises $135M by selling WLD tokens for U.S. and global expansion.

9.Ansem: Not a $TRUMP holder, but bullish on its bull market performance.

10.Lido V3 whitepaper draft released; final version expected mid-summer.

11.Trump-linked crypto project WLFI purchases token B to support the BUILDon team.

X Highlights

1. Crypto_Painter: One $1.1B Mega Long Controls BTC Futures

Futures market fixated on a single $1.1B long position (addr: 0x507) with liquidation zones ±$20K.

Longs: High leverage (25x), clustered.

Shorts: Dispersed, lower leverage (18x).

$112K target in focus — market trends depend on this whale’s move. Source

2. Phyrex: BTC Redefined as a Safe Haven Asset

BTC recovered faster than equities post-20Y bond auction and rose with gold. Exchange balances continue to decline despite price rise — showing strong holding conviction. Post-Trump’s pro-BTC stance, this trend has intensified. Source

3. LondonCryptoClub: After the Magic Dies, BTC is All That’s Left

Fiat systems have been on borrowed time since 2008. Central banks are inflating balance sheets to delay collapse, eroding real value. As “safe assets” shrink in purchasing power, Bitcoin is now seen as the soundest store of value. Source

4. Harry C: On-Chain Tools to Detect Whale Behavior

Track wallet holdings, SOL balances, and retail ratios to identify whether whales are accumulating or exiting. Trends matter more than static values. Rising whale share + decreasing SOL = accumulation; falling whale share + rising SOL = distribution. Source

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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