Crypto News Update: Market Moves, Institutional Adoption, and Surging Bitcoin Millionaires!

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Crypto markets pulled back after recent rallies fueled by renewed optimism.

Bitcoin hovers just below $119,000 after briefly reaching $123,000 last week, while Ethereum dipped under $3,600.

Analysts call this a 'healthy correction,' with many altcoins—like Hedera and Dogecoin—down over 5%.

Volatility is high as traders watch for the next Fed moves and tariff headlines.

Big banks are going crypto: PNC Bank is teaming with Coinbase to let clients buy, sell, and hold

crypto directly.

Goldman Sachs and BNY Mellon are rolling out tokenized money market funds to offer secure, round-the-clock investment access

using blockchain technology.

"Mirrored tokenization is a first step in the new digital finance world," says BNY’s global head.

A whopping 16,000 new Bitcoin wallets became millionaires just since January!

That’s a 45% jump, fueled by optimism after Trump’s re-election and the new GENIUS Act giving crypto clearer

rules.

New policies have sparked huge capital inflows into US crypto—an average of 88 new Bitcoin millionaires *every day*

in 2025.

Block, the payment giant, officially joins the S&P 500, bringing mega Bitcoin exposure to the world’s top US

companies.

Meanwhile, the new GENIUS Act bans interest-bearing stablecoins but sets the first federal rules for crypto—a big step

for wider adoption.

The SEC pulled a surprise move: it approved, then instantly paused Bitwise’s crypto ETF conversion for review—sparking Wall

Street déjà vu.

As global interest rises, South Korea is urging fund managers to cut speculative crypto stock bets, and PayPal

is rolling out a cross-border digital wallet platform for billions.

Companies are racing to own Bitcoin like never before!

MicroStrategy—now simply called 'Strategy'—and MARA Holdings are stacking thousands of Bitcoin for their reserves.

As Max Keiser puts it: "Strategy is committed to 1 million Bitcoin by any means necessary." Corporate crypto

treasuries are rewriting old finance rules.

That’s your crypto news roundup!

The space is evolving fast—follow us for more breaking trends, major moves, and expert breakdowns every day.