Weekly Crypto Market Recap (May 23 - May 29)

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Crypto Market Overview

Weekly Price Movements

Market Insights


Key Metrics

MetricValueInsight
Bitcoin Hashrate Growth139%Since July 2021 lows, BTC hashrate surged to 209.89 EH/s (OKLink data).
US Blockchain Funding Share51%Leads global investments; China follows at 18% (2022 data).
TRON TVL Growth46.46%Boosted by USDD yields; only top-10 chain with positive monthly growth.
Solana Active Addresses6.45MDominates with 98.46% lead over BNB Chain; Celo surges 46% weekly.
NFT Market Highlights300%Goblintown.wtf floor price skyrockets; BAYC retains #1 position.

Investment Trends

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Notable Raises:


Top News

  1. Address Milestone: 1+ BTC wallets hit all-time high.
  2. ENS Revenue: $8M+ May registrations (record high).
  3. Africa’s Crypto Boom: VC funding up 11x YoY.
  4. Coinbase: First crypto firm in Fortune 500 (#437).
  5. Regulatory Shift: SEC hints at accelerated crypto rules.

Industry Perspectives

"Bitcoin is earning a place in diversified portfolios."
Ray Dalio, Bridgewater Founder

"STEPN’s tokenomics spiral may have begun."
A&T Capital Partner


FAQs

Q: Why is Ethereum’s merge significant?
A: It reduces energy use by ~99% and cuts ETH supply growth dramatically, potentially creating scarcity.

Q: What’s driving TRON’s TVL growth?
A: High USDD staking yields attract capital despite broader market declines.

Q: How long has Bitcoin’s downtrend lasted?
A: Nine weeks—the longest streak in BTC history.

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About 98KDAO: A collective of blockchain enthusiasts delivering cross-cultural crypto insights.