2025-05-23 Market Watch: BTC hits new ATH! Trump & memecoins in the spotlight

Here is what happened yesterday in the crypto market:

Bitcoin Smashes Past $111K Amid Institutional Fervor

Bitcoin reached a new all-time high, surpassing $111,000, driven by strong institutional demand and overall optimism in the crypto market. This milestone reflects growing confidence in Bitcoin as a mainstream asset.
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Trump-Linked Crypto Buys BUILDon Token, Price Skyrockets

World Liberty Financial, a crypto project associated with Donald Trump’s family, acquired BUILDon (B), causing the token’s value to surge by 1,340%. The purchase highlights the growing intersection of politics and memecoins.
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Kraken to Offer Tokenized U.S. Stocks

Kraken is set to list tokenized shares of over 50 U.S. stocks and ETFs, including Nvidia, Apple, and Tesla, for non-US clients. This move expands access to traditional assets through tokenization, marking a significant step in bridging traditional finance and crypto.
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Cetus Protocol Suffers $260M Hack

Sui-based DEX Cetus was hit by a $260 million hack, causing token prices to plummet. However, validators managed to freeze $162 million of the stolen funds.
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