Source: Cointelegraph
Original: "The shift in Bitcoin (BTC) asset allocation has led to a more than 60% increase in the stock prices of luxury watch manufacturers."
Luxury watch manufacturer Top Win has been renamed AsiaStrategy and has adopted a Bitcoin accumulation strategy.
In the official announcement released on May 16, AsiaStrategy announced a partnership with Sora Ventures to jointly promote the implementation of the Bitcoin (BTC) reserve strategy. It is worth mentioning that Sora successfully collaborated with Metaplanet in 2024 to establish Japan's first corporate Bitcoin reserve project.
Once this news was released, it immediately caused a significant reaction in the stock market. Top Win stock has risen from a closing price of $7.50 on May 15 to $12.12 in pre-market trading at the time of writing—an astonishing increase, exceeding

CoinVoice has learned that, according to CNBC, Galaxy Digital CEO Mike Novogratz stated in an interview with CNBC that the company's listing process on Nasdaq was very rocky, "feeling very un-American, unfair, and infuriating." The process, which was originally expected to take 45 to 90 days, was extended to 1320 days, and this transaction went through nine rounds of negotiations with the SEC.
However, this ordeal did not defeat Galaxy; instead, it made it stronger. After its listing on Nasdaq, Galaxy is expected to reduce its costs by 40%. Mike Novogratz emphasized that Galaxy Digital's goal is to become a bridge connecting traditional finance with the crypto world, meeting the growing demand from institutions.

A U.S. federal court rejected the $50 million settlement between Ripple and the SEC due to being improperly filed and outside its jurisdiction. Ripple clarified that this setback does not impact their previous favorable rulings, and both parties plan to submit a new motion.

After Ethereum’s Pectra upgrade hit the mainnet on May 7, Base Network is sprinting, leveraging the fork to scale.

Méliuz, a Brazilian fintech, makes waves by becoming the first public firm in Brazil to add Bitcoin to its treasury. This bold move sparks a 116% stock surge and sets a trend for global firms like DayDayCook and Al Abraaj to follow suit, indicating a broader institutional adoption of cryptocurrencies. This shift in corporate strategy reflects a growing trend of companies increasing their Bitcoin holdings amid market uncertainty, paving the way for new approaches to digital asset integration in corporate treasuries.

Bitcoin's dominance in the crypto market is weakening, giving altcoins a chance to rise. Analysts anticipate significant daily gains, prompting excitement in the market.

Ethereum's price surge indicates a bullish trend with a target of $2,800. Analysts expect ETH and BTC to reach new all-time highs soon, despite a brief dip predicted. ETH is currently showing strength and resilience in the market. Bullish sentiment remains high for both cryptocurrencies.

BTC yakın zamanda $105,000'ın üzerine çıktı ancak yaklaşık $106,000 civarına geri düştü. Matrixport'taki analistler, olumlu makroekonomik koşullar ve potansiyel Trump ile ilgili gelişmeler nedeniyle BTC'nin bu yaz yeni tüm zamanların en yüksek seviyelerine ulaşacağını öngörüyor. BTC'ye artan kurumsal yatırımlar ve yaklaşan FTX ödemeleri fiyatını daha da artırabilir. Matrixport, BTC'nin yukarı yönlü trendini sürdürmesini ve Temmuz ayında yeni bir ATH'ye ulaşmasını bekliyor.