Catch up on all the top blockchain and crypto news for May 29, 2025 — including Bitcoin reserve policies, Solana partnerships, Ethereum price movement, DeFi breakthroughs, and strategic developments from global regulators.
Crypto Market Today: A Mixed Bag Across Major Coins
As of May 29, 2025, the global crypto market cap hovers around $3.43 trillion, reflecting a 2.2% decline over the past 24 hours. This comes amid growing uncertainty and mixed global sentiment.
- Bitcoin (BTC) is currently priced at $108,527, down by 0.44%, yet continues to trade within a healthy consolidation range after hitting a quarterly high last week.
- Ethereum (ETH) has surged 3.98% to $2,730.67, driven by renewed interest in its Layer-2 ecosystem and upcoming Shanghai 3.0 upgrade.
- Solana (SOL) remains stable around $176, with whale activity showing an uptick following news of institutional collaboration.
- XRP, DOGE, and AVAX have all seen minor corrections but are expected to bounce back as trading volumes stabilize.
Analyst Insight: Traders are closely watching on-chain data, showing rising wallet activity on SUI, AVAX, and ETH blockchains, hinting at a strong rebound heading into June.
🇺🇸 United States Declares Strategic Bitcoin Reserve
In a landmark decision, President Donald Trump has officially created a Strategic Bitcoin Reserve, setting a precedent for other economies. The executive order allocates $21.7 billion in seized digital assets from enforcement operations to be held under national reserves.
Why It Matters:
- Positions the U.S. as the first G7 country to declare Bitcoin a strategic asset.
- Encourages institutional confidence and could trigger new crypto ETF inflows.
- The “Digital Asset Stockpile” will operate alongside the Federal Reserve’s long-term innovation arm.
Microsoft x Sui Network Partnership Sparks Growth
The Sui Network has officially crossed $2.1 billion in total value locked (TVL) — a 104% rise since March 2025. This is largely attributed to its groundbreaking partnership with Microsoft, focusing on:
- AI-enhanced smart contracts
- Enterprise-ready Layer-1 infrastructure
- Direct deployment of stablecoins into Microsoft Cloud Services
Why SUI Matters: It’s quickly becoming a dominant player in DeFi, thanks to its low latency, parallel execution engine, and native stablecoin ecosystems.
Major Global Banks to Use Solana for Asset Tokenization
In a major push toward institutional blockchain adoption, HSBC, Bank of America, and Deutsche Bank have announced a collaboration with the Solana Foundation and fintech giant R3.
Highlights:
- Focus on tokenizing real-world assets like government bonds, ETFs, and equities.
- Integration of Solana’s hyper-efficient PoH (Proof of History) for faster settlements.
- Aim to reduce intermediary costs by over 30% in interbank transfers.
Implication: This is a turning point for TradFi, bridging traditional finance with Web3 infrastructure.
Reddio Launches First AI-Native, GPU Layer-2 Chain
Reddio, a next-gen blockchain scaling solution, has launched its AI-native Layer-2 network, optimized for GPU acceleration and high-frequency trading protocols.
- Token Launch: RDO token debuted via Binance Launchpad, signaling strong investor interest.
- Supports AI agents for autonomous trading and real-time DeFi execution.
- Built for verticals such as gaming, predictive analytics, and automated liquidity pools.
Edge: The GPU-accelerated design drastically cuts latency and allows millions of micro-transactions per second.
Pakistan Reveals National Bitcoin Wallet
At Bitcoin 2025 Conference, Pakistan shocked the global crypto community by announcing:
- The launch of its first sovereign Bitcoin wallet.
- A national policy to accumulate BTC as a hedge against currency volatility.
This development positions Pakistan as a future-forward emerging economy investing in crypto reserves for national security.
Coinbase Suffers Data Breach: $20M Ransom Demand
In a worrying development, Coinbase disclosed a data breach, with hackers demanding a $20 million ransom. While no user funds were lost, personal data from up to 100,000 users may have been accessed.
- Coinbase has refused to pay the ransom.
- FBI has been engaged in tracking the perpetrators.
- Increased demand for decentralized identity (DID) tools and zero-trust systems.
Global Blockchain Regulation Update – May 2025
- EU’s MiCA Phase II goes live in June, mandating identity-layered KYC for all DeFi platforms.
- India’s CBDC pilot expands to 9 more states, targeting 50 million citizens.
- Brazil approves its Crypto Assets Act, paving the way for tokenized real estate.
Conclusion: A Turning Point for Decentralized Finance
The blockchain industry is entering a new chapter as traditional finance merges with decentralized networks, AI redefines scalability, and governments begin to recognize Bitcoin as a reserve asset. From massive strategic reserves to AI-native protocols and real-world tokenization, May 29, 2025, marks a historic moment in the evolution of Web3.
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