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Summary of major cryptocurrency materials this week, analysis of significant decrease in sell wall for ETH, XRP, and the launch of the Avalanche fund.
Rate of change compared to the previous week (from 18th to 24th)
Summarized the materials from the past week focusing on the top market cap cryptoassets (coins).
Market capitalization rank 1: Bitcoin (BTC)
On the night of the 19th, US-based Strategy Corp (formerly MicroStrategy) reported that it had invested a total of 110 billion yen to purchase 7,390 BTC between May 12 and 18, 2025. As a result, the company's Bitcoin holdings have reached 576,230 BTC, which is equivalent to approximately 8.8 trillion yen.
Moreover, as the price of Bitcoin exceeds 15 million yen, discussions within the community regarding its basic unit have reignited. The catalyst for this was the expression of support by Jack Dorsey, the founder of Twitter (now X) and a long-time Bitcoin advocate, for Bitcoin Improvement Proposal (BIP) 177, which aims to redefine the basic unit of Bitcoin.
Additionally, on the 20th, Eric Balchunas, an ETF analyst at Bloomberg, posted about the fact that the Bitcoin holdings of BlackRock, the world's largest asset management company, have risen to second place in the world, following Bitcoin's creator Satoshi Nakamoto.
According to the quoted image from the same person, BlackRock's Bitcoin ETF (IBIT) has reached about 57% of Satoshi's holdings and could become the world's largest holder by next summer.
Bitcoin (BTC) News & Price
Comparison of BTC Exchanges | Fees, Spreads, Investment Plans, and Coin Lending
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Market Cap Rank 2: Ethereum (ETH)
Ethereum co-founder Vitalik Buterin announced a new roadmap on the 19th to address the Layer 1 (L1) scalability issues of Ethereum. The plan is centered around a new concept called "partially stateless nodes" that aims to facilitate node operation even with high gas limits.
Additionally, ShayanMarkets, a registered analyst at the cryptoassets on-chain analysis platform Cryptoquant, analyzed on the 20th that Ethereum is in an "overheated state" near the important resistance level of $2,500.
He pointed out that by using a bubble chart of trading volume, the approach to this level has led to a significant increase in trading volume, primarily due to profit-taking movements and the presence of selling pressure at this psychologically important price range.
According to the market analysis released by Cryptoquant on the 21st, the inflow of major cryptoassets to exchanges has significantly decreased, indicating a reduction in selling pressure. The daily inflow of Ethereum to exchanges has decreased to around 1 million ETH, marking a substantial drop of about 70% from 3.2 million ETH in November of last year.
Furthermore, BTCS Inc., a cryptoasset-related company listed on the NASDAQ, announced on the 20th that it invested approximately $8.42 million to acquire 3,450 ETH. The purchase price averaged $2,441 per ETH, utilizing funds from a convertible bond issuance of up to $57.8 million concluded on May 14.
Ethereum (ETH) News - Price
Thorough explanation of investment merits and risks
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Market Cap Rank 4: XRP
The largest derivatives exchange in the United States, CME Group, officially launched its futures trading service for the cryptoasset XRP related to Ripple on the 19th of the U.S. time. This is the fourth cryptoasset product following Bitcoin, Ethereum, and Solana, with a trading volume of $19 million on its first day.
On the 20th, the U.S. Securities and Exchange Commission (SEC) announced that it has postponed the decision deadline for the approval of an ETF linked to XRP and will be soliciting public comments. The affected entities are 21Shares Core XRP Trust and Grayscale XRP Trust.
XRP News and Price
Thorough explanation of investment merits and risks
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Market Cap Rank 6: Solana (SOL)
Anatoly Yakovenko, co-founder of Solana, proposed the idea of a "metablockchain" on the 12th, which enables data transfer across multiple blockchains. By making several data availability (DA) layers available, users will be able to choose the cheapest layer.
On the 19th, Anza, the development studio of Solana derived from Solana Labs, proposed a new consensus protocol called "Alpenglow." By implementing this, it is claimed that Solana could theoretically become faster and have the potential to compete with Web2 infrastructure in terms of responsiveness.
Additionally, Solana Mobile announced on the 21st that the official shipping start date for the second generation Solana smartphone "Seeker" has been set for August 4, 2025.
It is also explained that the native token "SKR" supporting the Solana Mobile ecosystem and the decentralized infrastructure "TEEPIN" will be introduced as two pillars of a long-term strategy.
Solana (SOL) News & Price
Recommended Exchanges | Overview of Future Potential, Buying Methods, and Risks
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Market Cap Rank 17: Avalanche (AVAX)
On the 21st, major asset management firm VanEck announced the launch of the "VanEck PurposeBuilt Fund" which will invest in projects built on the Avalanche (AVAX) ecosystem. Following this news, AVAX rose by 4.3% compared to the previous day.
It is a private fund that invests in companies issuing tokens that generate long-term value based on Avalanche, and it is scheduled to be launched in June.
Market Cap Rank 61: World (WLD)
The biometric authentication-based human verification platform World Network (formerly Worldcoin) announced on the 21st that it has sold 20 billion yen worth of WLD tokens to major VC firms Andreessen Horowitz (a16z) and Bain Capital Crypto. Both companies are early investors in the project, and this funding aims to accelerate its expansion in the U.S. and globally.
Currently, over 26 million people are using the World Network, with 12.5 million having obtained a World ID through the biometric authentication device "Orb" that uses iris scanning. This project, co-founded by OpenAI's CEO Sam Altman, continues to expand against the backdrop of the need for human identification technology in response to the rapid advancement of AI.