Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Bitcoin Drops Below $111,000 with a 0.21% Decrease in 24 Hours

Bitcoin dropped below $111,000 and is now trading at $110,811, with a 0.21% decrease in 24 hours.

Apple, Tesla, Nvidia Said to Be Offered as Tokenized Stocks on Crypto Exchange Kraken

Crypto exchange Kraken is planning to start offering tokenized versions of Apple, Tesla Motors, NVIDIA and other high-profile stocks for its non-U.S. customers, according to a media report dated Thursday, a move that would further blur the line between traditional finance and digital assets.

These so-called tokenized equities give non-U.S. Kraken users easier access to U.S. stocks, with 24/7 trading that continues even when U.S. markets are closed -- just like bitcoin (BTC-USD) and ether (ETH-USD).

The launch is expected to arrive in the weeks ahead, the Wall Street Journal reported, with the tokens debuting in Europe, Latin America, Africa and Asia. 

Coinbase Data Breach Allegedly Impacted Nearly 70K Users: Filing

Coinbase Global, Inc.'s recent data breach had compromised 69,461 of the crypto exchange's users, according to a complaint filed with the Main Attorney General's office. About 217 of that total were Maine residents.

The trading platform said it discovered on May 11 that scammers tricked several Coinbase support staff into giving up sensitive customer information, then tried to extort the company for $20M by threatening to leak the data. Coinbase declined to engage with the attackers, and is planning to pay as much as $400M in reimbursements and remediation.

U.S. President Trump Highlights America's Leadership in Cryptocurrency

U.S. President Donald Trump recently expressed on Truth Social that the United States holds a leading position in the fields of cryptocurrency and Bitcoin. He emphasized the country's commitment to maintaining this advantage.

Strategy’s Up to $2.1 Billion Preferred Sale to Test Crypto Rise

Michael Saylor’s Strategy plans to sell up to $2.1 billion of 10% perpetual strife preferred stock. The latest offering hit as Bitcoin rose to an all-time high.

Sales of the preferred shares will be made as an “at the market offering,” meaning the securities will be sold from time to time, according to a filing Thursday.

The leveraged Bitcoin proxy has raised billions of dollars from crypto-linked securities to fund its Bitcoin purchases as part of the company’s goal of raising $84 billion from equity and fixed-income offerings. Strategy’s success has ignited a flurry of copycat trades across the industry, which is making such transactions more common and testing investors’ enthusiasm for such deals.

Happy Bitcoin Pizza Day! Milestones of the World's Top Crypto

The selloff in bonds took the cheer out of Wall Street on Wednesday, but risk-on sentiment was more than alive elsewhere. Bitcoin (BTC-USD) hit fresh record highs just before "Pizza Day," with the world's most popular crypto climbing to $110,000 and then some. Supportive regulatory developments in the U.S. have added to the momentum as congressional lawmakers near legislation that would establish a regulatory framework for the stablecoin market.

Snapshot: The crypto world didn't get here in a vacuum. In fact, May 22 is heralded as "Bitcoin Pizza Day," in reference to the first commercial Bitcoin (BTC-USD) transaction that took place 15 years ago. On that day in 2010, early adopter and miner Laszlo Hanyecz bought two large Papa John's (PZZA) pizzas for 10,000 BTC, signaling the potential for real-world purchases and Bitcoin as a medium of exchange.

Bitcoin Milestones

Basel Medical Group Enters into $1B Bitcoin Purchase Agreement; Shares Down

Basel Medical Group Ltd has entered into a purchase agreement with a consortium of Bitcoin holders for the purchase of up to 10,000 BTC with current market value of ~$1B by issuing its ordinary shares.

BMGL shares fall 37% on Thursday. 

U.S. Vice President J.D. Vance to Speak at Bitcoin 2025

BTC Inc., the organizer behind Bitcoin 2025, is excited to announce that Vice President J.D. Vance will speak from the main stage on Wednesday, May 28, during the world’s largest Bitcoin gathering. His keynote will be delivered to tens of thousands of attendees at The Venetian Las Vegas in the programming track of the conference called “Code + Country” and streamed globally via Bitcoin Magazine’s channels.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Thursday was $934.74 million. The total net asset value of Bitcoin spot ETFs is $134.30 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.09%.

The Bitcoin spot ETF with the highest net inflow on May 22 was iShares Bitcoin Trust, with a net inflow of $877.18 million. Following that was Fidelity Wise Origin Bitcoin Fund, with a net inflow of 48.66 million, according to SoSoValue.

SoSoValue