Cryptopolitan reports a significant shift in the cryptocurrency market as institutional investors increasingly favor Ethereum and Solana over Bitcoin. This trend stems from new investment products that facilitate institutional cryptocurrency purchases.
Amid Ethereum's recent price decline, major investors bought over 130,000 ETH in May. According to CoinMarketCap, these large-scale purchases highlight continued market confidence in the cryptocurrency’s potential, despite its recent volatility.
Germany's Federal Criminal Police Office, in cooperation with Dutch law enforcement, conducted a raid to dismantle the illegal cryptocurrency exchange known as eXch. During the search and seizure, assets worth 34 million euros (nearly $38.15 million) were confiscated.
Ethereum led a major crypto rally last week, posting its biggest gain since 2021. The surge was driven by easing global trade tensions and optimism around the network’s recent upgrade, according to Bloomberg.
Ethereum developers are set to launch a major Pectra update on May 7, 2025, designed to lower transaction fees and enhance blockchain functionality. While the update will improve network efficiency, Edward Chin from Parataxis Capital believes it is unlikely to have a major impact on the ETH token.
U.Today reports that the Bitcoin dominance index has risen to an important level of 65.09%. The leading cryptocurrency has further underscored its leadership in the market.
Ethereum co-founder Vitalik Buterin noted the trend of Layer 2 (L2) protocols advancing from the basic Stage 0 to higher security levels. This process coincided with the release of a major Pectra upgrade that supports L2 development.
According to Crypto News Land, Kyrgyzstan has partnered with Binance to advance digital finance initiatives. Binance Pay will enable nationwide cryptocurrency payments for businesses and users, leveraging blockchain technology to enhance financial inclusion.
Florida’s attempt to invest state funds in Bitcoin has failed. Bills HB 487 and SB 550, which would have allowed up to 10% of government reserves to be allocated to the cryptocurrency, were withdrawn without a vote after the legislative session ended in early May.
The United States keeps working on the cryptocurrency market regulation. Based on the Financial Innovation and Technology for the 21st Century Act (FIT21) approved by the House of Representatives during the last session, a new document has been introduced.
US Senator Elizabeth Warren is calling out the proposed stablecoin regulation bill (GENIOUS Act), arguing that its approval could personally enrich President Donald Trump and his family.
Ethereum is the world's second largest cryptocurrency after bitcoin. It allows creating and managing smart contracts and decentralized platforms. The coin is actively used in the blockchain, and is also popular in the NFT, DeFi, and other digital services.
Major factors that determine the value of ETH include:
The liquidity of Ethereum is supported by its extensive application within the financial sector and across different blockchain projects.
Moreover, an extensive ecosystem of NFTs, decentralized exchanges, and new digital solutions creates a stable interest in the cryptocurrency.
Forecasting the ETH price is a complex task, as it is formed under the influence of many factors. For successful trading and investing, it's important to take into account regulatory changes and analyze network activity.
