The market value of the US stock market increased by $1.2 trillion today

Jordi Visser put forward the Ghost Rails argument in an interview, stating that the real users of the lending, tokenization, and stablecoin infrastructure built by the cryptocurrency industry are AI agents, not humans. Jordi Visser stated that AI agents are a turning point in the proxy economy, which will have a positive impact on future Bitcoin demand. Jordi Visser stated that tokenization will convert $90 trillion in illiquid assets into currency, with Bitcoin being the only asset that can survive for 20 years. (Source: Bitcoin Magazine)

FalconX transferred 53325 HYPE worth approximately $50 million between wallets.

Kraken Co CEO David Ripley stated that the European MiCA Act provides clarity for market rules, compared to the more confrontational regulatory environment in the United States. David Ripley pointed out that the progress of the CLARITY bill is slow, and if the United States delays the legislation on cryptocurrency regulation, the leadership position in financial innovation will be given to the European Union. Kraken obtained the MiCA license from the Central Bank of Ireland (CBI) in June 2025 to conduct business in the 30 member countries of the European Economic Area (EEA). (Source: Bitcoin.com News)

[Saudi Arabia Withdraws from mBridge Multi-CBDC Bridge Project] Saudi Arabia has withdrawn from the mBridge Multi-CBDC Bridge Project supported by the People's Bank of China and other institutions. The Saudi Central Bank (SAMA) officially terminated related work on May 13, 2025, after completing the proof of concept. (Source: FT)

Bitcoin has broken out to $86,000, but analysts say the next leg depends on whether spot buyers continue to show up as leverage builds.