Weekly Crypto Update: May 12-18

📊Market Movements

- Bitcoin is down 2.8% over the last 7 days, currently at $102,400
- Ethereum is sitting at $2,300 with a 7.3% decrease from the previous week
- Last week’s top 3 gainers were XCN (+8%), BGB (+2%), and HYPE (+1%), while the top 3 losers were PI(-50%), TIA (-22%), and BONK (-22%)
- The crypto market’s Fear & Greed Index is at 71 Greed today
- Crypto market capitalization is at $3.25 trillion, down 1.75% since yesterday
- Bitcoin's market cap dominance is currently at 63%, Ethereum at 8.9%, and other cryptocurrencies at 28%
- Stablecoins' market capitalization has risen by 0.35% in the last 7 days, currently at $243 billion, with $USDT dominance at 62.36%
- NFT sales volume increased by 80% over the previous 7 days, while total sales increased by 27%, with 152,702 sales in a week
- Coinbase prepares for S&P 500, eToro and Galaxy Digital join Nasdaq

🌐Blockchain Tech & Gaming

- JPMorgan settled its first transaction on a public blockchain last week, using Ondo Finance and Chainlink
- Ridesharing company Lift partnered with Bee Maps and began sourcing street-level mapping from their decentralized platform, which is built on Solana’s Hivemapper network
- British Museum, in collaboration with Asprey Studio, will put 11 sterling silver sculptures of Dürer’s Rhinoceros on the Bitcoin blockchain, inscribed in Ordinals

💰Investments & Partnerships

- Mastercard to launch stablecoin-powered cards in partnership with MoonPay
- Tether purchased $460 million worth of $BTC to support the funding of a new publicly traded Bitcoin company, Twenty One, through a merger with Cantor Equity Partners
- Robinhood will acquire Vancouver-based WonderFi for $179 million and thereby enter the Canadian market
- Blockchain dev platform Alchemy acquired Solana’s DexterLab to accelerate blockchain applications built on Solana

📃Regulatory Developments

- Ukraine is potentially creating a national strategic crypto reserve (similar to El Salvador); the deputy chairman will submit a new bill
- Australian FIA fined the crypto exchange Cointree for delaying the filing of suspicious activity reports
- The UK will require crypto businesses to collect and report data about every customer transaction starting January 2026, including full name, address, tax ID

🛡️Crypto Security

- Curve Finance's front-end website was hit with a DNS attack, which led users to a fraudulent site
- Binance and Kraken blocked social engineering attacks similar to what led to Coinbase’s hack
- A retired artist from Australia lost all of his $2 million worth of crypto investment portfolio due to the Coinbase impersonation scam
- Coinbase to pay back impacted users of the social engineering scams, potentially up to $400 million in reimbursements

📰 More Industry Updates
- Nasdaq-listed healthcare company Basel Medical Group from Singapore plans to buy $1 billion worth of Bitcoin to add to its balance sheet
- FTX creditor distributions will begin on 30.05, with more than $5 billion in repayments to be handed out
- Publicly traded Brazilian cashback company Meliuz bought a little over $28 million worth of Bitcoin for its treasury; its shares rose following the news
- Investment firm Avenir from Hong Kong bought 3.4 million more shares of BlackRock’s Spot Bitcoin ETF (IBIT); now the total is worth $688M
- Bitcoin ATM operator Bitcoin Depot reported Q1 profits, and shares rose 20%
- Japanese firm Metaplanet bought another $100 million worth of $BTC this weekend, now their Bitcoin holdings total about $800 million

Have a successful new week ahead! 🤝
- Swapin Team