#newscrypto #writetowin News of crypto TODAY May 7 ,2025.
▪︎ Michael Saylor claims Bitcoin will reach a $200 trillion market capitalization.
▪︎Bitwise files an S-1 form to launch a NEAR spot ETF.
▪︎New Hampshire becomes the first US state to create a strategic reserve of digital assets, authorizing up to 5% of public funds to be invested in Bitcoin.
The law will come into effect in 60 days.
▪︎DeFi Development buys 82,404 SOL ($11.2 million), bringing its holdings to over 400,000 SOL.
▪︎Two Bitcoin wallets dormant since 2013, linked to the Silk Road era, transferred over $322 million in BTC this week.
The funds remain still for now in new addresses.
▪︎SOL Strategies raises $20 million and buys 122,524 SOL ($18.25 million) at an average price of $148.96.
▪︎The UK rules out creating a national Bitcoin reserve and rejects the idea of copying the EU's MiCA regulatory framework.
According to Emma Reynolds of the UK Treasury, the country would prefer to integrate digital assets into its existing traditional financial framework
▪︎The ECB selects the COTI protocol to enhance the confidentiality of the digital euro.
COTI will develop a system that allows to verify the provenance of assets without compromising the confidentiality of users.
▪︎PumpFun generated $294 million in fees since the beginning of 2025, surpassing Ethereum, which collected $249 million over the same period.
▪︎Bitcoin spot ETFs saw $425 million in inflows on May 5, marking a third consecutive day of net inflows, while the nine Ethereum ETFs remained completely neutral, with no inflows or outflows.