Stay updated with the latest cryptocurrency news as of May 28, 2025, including market trends, major investments, and regulatory developments.
Bitcoin Consolidates Near $109K Amid Institutional Optimism
Bitcoin (BTC) is trading just below $109,000, consolidating after reaching a high of $112,000 last week. Institutional interest remains strong, with MEXC’s COO predicting a surge to $140,000 by summer. Finance Magnates+1TradingView+1
Ethereum Eyes $3K Breakout as Whale Activity Increases
Ethereum (ETH) is trading around $2,670, showing signs of a bullish breakout. Analysts predict potential targets ranging from $4,000 to $8,500, supported by increased whale accumulation and exchange withdrawals. Coinspeaker+1BanklessTimes+1
GameStop Invests $513M in Bitcoin
GameStop has purchased 4,710 BTC, worth approximately $513 million, for its corporate treasury. This move signifies the company’s strategic shift towards digital assets. GlobeNewswire+12The Block+12CoinDesk+12
U.S. Banks Cautiously Explore Crypto Services
Major U.S. banks, including JPMorgan and Bank of America, are cautiously entering the crypto space, awaiting clearer regulatory guidelines. While some institutions are exploring crypto services, widespread adoption hinges on regulatory clarity.
Regulatory Developments: GENIUS Act Advances
The U.S. Senate has advanced the GENIUS Act, aiming to regulate certain cryptocurrencies. The bill seeks to provide a framework for digital asset oversight, addressing investor protection and market stability. ABC News
