Weekly Recap | Capital B Adds 192 BTC, Bitcoin Depot Files for Chapter 11 Bankruptcy, Echobit Launch
2026.05.25
Weekly Review (May 18 – May 24)
Last week, the crypto market was heavily influenced by macro geopolitical tensions and ongoing institutional capital rotation. Driven by developments in U.S.–Iran negotiations and volatility in the oil market, Bitcoin experienced a sharp decline followed by a strong V-shaped rebound. Meanwhile, spot Bitcoin ETFs recorded significant net outflows, suggesting some institutional investors chose to take profits and reduce exposure at higher price levels.
This week, market attention is gradually shifting from geopolitical risks toward the resilience of the U.S. economy. Overall sentiment points toward short-term consolidation, while downside protection demand remains elevated. Major assets including Bitcoin (BTC) and Ethereum (ETH) continue to move within consolidation ranges. Although the total crypto market capitalization slightly declined recently, daily trading volume has shown modest growth, indicating liquidity is still searching for the next breakout direction.
In this recap, we’ll review the key developments from the crypto industry over the past week and highlight the major trends and events to watch in the coming days.
Market Pulse
French-listed company Capital B increased its Bitcoin holdings by 192 BTC, bringing total reserves to 3,135 BTC.
U.S. Bitcoin ATM operator Bitcoin Depot filed for Chapter 11 bankruptcy and plans to gradually shut down operations.
Iran launched Hormuz Safe, a Bitcoin settlement platform focused on maritime insurance services.
WLFI treasury company AI Financial warned in an SEC filing that it may not survive through the end of this year.
Polymarket partnered with Nasdaq to launch prediction markets focused on private companies.
NVIDIA reported Q1 revenue of $81.62 billion, up 85% year-over-year.
Funding & M&A
A total of 21 funding rounds were completed last week, raising over $460 million, mainly concentrated in infrastructure and DeFi sectors:
Decentralized derivatives protocol Variational completed a $50 million Series A led by Dragonfly Capital.
Perp DEX PopDEX secured $30 million in funding led by Foresight Ventures.
TownSquare completed a Pre-Series A round, bringing total funding to $16.25 million.
AI-native banking platform Catena Labs raised $30 million in Series A funding and applied for a U.S. trust bank license.
AI agent settlement layer AEON completed an $8 million pre-seed round led by YZi Labs.
HashKey Capital made a $40 million strategic investment in options trading platform SignalPlus.
Policy & Compliance
The U.S. National Credit Union Administration proposed rules establishing licensing standards for payment stablecoin issuers.
Russia’s financial regulator proposed regulating crypto exchange providers under the same framework as banks.
The U.S. SEC may release an “innovation exemption” framework for tokenized stocks as early as this week.
South Carolina signed legislation protecting Bitcoin self-custody rights and banning discriminatory taxation.
Japan’s Financial Services Agency officially included foreign trust-based stablecoins within its electronic payment regulatory framework, effective June 1.
The SEC Chair is seeking public feedback regarding prediction market ETFs.
Echobit Highlights
Echobit’s May Futures Trading Competition continued to drive strong trading participation.
Echobit’s May Trading Frenzy campaign expanded trading opportunities and user engagement.
Echobit’s Mother’s Day Special campaign helped strengthen holiday-themed community interaction.
Echobit Anniversary Carnival continued gaining momentum with multiple community rewards and activities.
Echobit Anniversary Mania officially launched, further boosting anniversary celebration excitement.
Echobit Anniversary Celebration brought global users together to celebrate the platform’s growth.
Echobit Bitcoin Pizza Day Carnival officially launched.
Echobit Bitcoin Pizza Day Giveaway campaign went live with special community rewards.
Echobit Thursday Frenzy weekly interaction campaign continued to maintain strong community activity.
Echobit Labs continued publishing market insights and industry analysis content.
Echobit AMA Anniversary Party is set to launch soon, further enhancing community communication and engagement.
Next Week Preview (May 25 – May 31)
Blockchain game The Beacon Season 1 will launch on May 25 with a 7.7 million BCN reward pool.
Members of Korea’s Digital Asset Association will delist RESOLV spot trading pairs on May 26.
U.S. Senator Elizabeth Warren requested the SEC investigate World Liberty Financial and respond by May 26.
Cosmos ecosystem wallet Leap Wallet will officially shut down on May 28.
CME plans to introduce 24/7 crypto futures and options trading.
USD.AI will close CHIP token airdrop claims on May 30.
Major token unlocks including H, XPL, and KMNO are scheduled this week.
Echobit will continue tracking global crypto market developments, focusing on market trends, regulatory updates, and investment opportunities — helping users stay ahead through every market cycle.