Bitcoin Reaches An All-Time High
Bitcoin has officially soared to an all-time high this week, sending shockwaves across the crypto world and beyond.
Since Donald Trump’s return to the White House, traders have been emotionally charged. Politics aside, markets interpreted his second term as a bullish signal for crypto. Trump has long been a vocal supporter of space; he and Melania both hold NFTs and meme coins.
Speculation that his presidency would mark a new era for digital assets is playing out. Despite months of volatility, fuelled partly by Trump’s “Liberation Day” tariffs and ongoing trade skirmishes, momentum has turned.
Recent developments, such as the US-UK trade deal and the introduction of crypto-friendly legislation in Congress, helped tilt sentiment in crypto’s favour. The result? Bitcoin reached an ALL-TIME-HIGH on May 22nd.
How Did The Rest Of The Market React?
Crypto had a mostly positive week, fuelled by signs of more favourable, crypto-friendly policies coming out of the United States (more on that below).
Top Gainers
Worldcoin (WLD) led the charge, jumping 34.1% to A$2.39. The strong rally suggests renewed investor confidence, fueled by positive market news.
Next, dogwifhat (WIF) climbed 23.0%, now trading at A$1.88. This meme coin continues to gain traction, showing that market interest in meme-driven assets remains strong despite strong criticism from key players like David Portney from Barstool Sports.
Jupiter (JUP) rounded out the gainers with a 19.3% increase, landing at A$0.9276. The uptick is speculated to be linked to ecosystem growth.
Top Losers
Where there are winners, there must be losers. Berachain (BERA) dropped 6.1%, falling to A$5.07. We will have to wait to see if this trend continues or if the price drop is linked to a market correction.
Ether.fi (ETHFI) followed closely with a 6.0% decline, settling at A$2.11. Its dip might be part of broader DeFi market movements, signalling a cooldown in activity.
Finally, DeXe (DEXE) slipped 3.7% to A$19.51. This is a modest drop but still notable to the market as a whole.
Has Crypto Won Over The U.S. Government
Maybe not the whole government, yet. But crypto certainly seems to be winning over U.S. lawmakers.
Two major bills, widely considered pro-crypto, are currently under review:
- FIT21: Financial Innovation and Technology for the 21st Century Act
- GENIUS: Guarding Against National Exploitation of Unstable Stablecoins Act
Here’s a breakdown:
FIT21 — No, it’s not about hitting the gym
The Financial Innovation and Technology for the 21st Century Act has bipartisan support in the House.
- It establishes clear roles for regulators (CFTC and SEC) in overseeing crypto.
- It safeguards investors and boosts market integrity.
- Critically, it excludes certain stablecoins from being classified as securities—unless fraud is involved.
That last point? A major win for the sector.
GENIUS Act — A Stablecoin Overhaul
The GENIUS Act mandates that stablecoin issuers:
- Maintain a 1:1 reserve backing with liquid assets like cash or U.S. Treasurys.
- Register and comply with rigorous consumer protection standards.
- Apply AML and anti-fraud regulations, even if based abroad.
It also allows nonbanks and credit unions to issue stablecoins, provided they meet new compliance rules.
If passed, it could mark a turning point in crypto's regulatory evolution in the U.S.
Cryptoworld Celebrates Pizza Day — A $1 Billion Slice of History
If your feed was filled with pizza pics this week, there's a good reason.
Back in 2010, Florida-based programmer Laszlo Hanyecz made history by offering 10,000 BTC for two Papa John's pizzas on a crypto forum.
That transaction, worth about $40 at the time, would now be valued at over $1 billion USD.
To match that kind of return again, Bitcoin’s market cap would need to hit $59 quintillion, roughly 500x the global GDP. So no, you’re not silly for spending your bitcoin these days.
Pizza Day celebrates crypto’s journey, from obscure internet currency to financial revolution.
Solana Announces New Strategic Partnerships
Big-name banks and finance heavyweights are diving deeper into blockchain, teaming up with the Solana Foundation via UK tech firm R3. The deal means R3 and its clients, think HSBC, Bank of America, Euroclear, and even the Monetary Authority of Singapore, can start using Solana’s blockchain in their systems.
On top of that, Solana’s getting a seat at the table by investing in R3, with their president Lily Liu joining R3’s board.
It’s a big sign that traditional finance is warming up to public blockchains, especially for things like turning stocks and bonds into digital tokens.
THINGS THAT MADE US LAUGH THIS WEEK
If you are looking for a round of the best pizza day memes of all time click here.
Founder's Corner
This week marks a pivotal moment, not just because of Bitcoin’s all-time high (USD), but because of what it signals with more mainstream adoption.
The momentum isn’t just driven by hype. It’s being reinforced by institutions, legislative clarity, and global shifts in financial thinking.
Decentralised finance is starting to earn the credibility it’s always deserved. For us? This is only the beginning.
Closing Thoughts
This week was wild, it has been good to see the market turn green again and we are eager to see what the market will do from here.
New to Wayex?
If you’ve been with us for less than 30 days, you can continue to enjoy your 30 days of fee-free trading and keep stacking those rewards.
Found this wrap useful?
Share it with your friends and family. If they’re not on Wayex yet, refer them and you’ll both get $10 in Bitcoin when they sign up and trade.
Catch you in the next one,
The Wayex Team
**All information in this article is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by CryptoSpend to invest, buy, or sell any coins, tokens, or other crypto assets. Any descriptions of CryptoSpend products or features are merely for illustrative purposes. Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. It is essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.
