Crypto Compass by BitcoinWalletSG #123

Bitcoin Surges to Record $111K Amid Institutional Inflows πŸ“ˆ? Read it in our weekly newsletter now!

Hello Fam,

Bitcoin is back in the spotlight after smashing a fresh all-time high above $111,000, reigniting hype across markets. With institutional demand surging and spot ETF flows climbing, momentum is building around Bitcoin's role as a serious asset class. This week, we zoom in on the wave of institutional accumulation, major conference buzz, and where Bitcoin might go next.

πŸ“ˆ Bitcoin Surges to Record $111K Amid Institutional Inflows

Bitcoin reached a new all-time high of $111,000 on May 22, driven by substantial inflows into cryptocurrency exchange-traded funds (ETFs) and renewed investor optimism. The surge coincided with the 15th anniversary of Bitcoin Pizza Day, marking a significant milestone in the cryptocurrency's history.

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🏦 Major Institutions Expand Bitcoin Holdings

Financial giants like JPMorgan Chase have shifted their stance on Bitcoin, now allowing clients to invest in the cryptocurrency. This move reflects a broader trend of institutional adoption, further legitimizing Bitcoin's role in the global financial system.

🎀 Bitcoin 2025 Conference Kicks Off in Las Vegas

The world's largest Bitcoin conference commenced on May 27 at The Venetian in Las Vegas, featuring over 30,000 attendees and 400 speakers. Key topics include Bitcoin Layer 2 solutions and BTCfi ecosystems, with notable figures like Vice President JD Vance and Donald Trump Jr. addressing the gathering.

πŸ›οΈ Hong Kong Passes Stablecoin Licensing Law

On May 21, Hong Kong's legislature approved a bill requiring fiat-referenced stablecoin issuers to obtain licenses from the Hong Kong Monetary Authority. The law mandates reserve management, redemption procedures, and risk controls, aiming to bolster investor protection and enhance Hong Kong's position as a digital asset hub.

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