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Crypto treasury activity remained active this week as BitMine expanded its Ethereum holdings.

Key Takeaways:

Worldcoin (WLD) saw the biggest gains of any top 100 cryptocurrency today, jumping over 30% in the last 24 hours to around $0.3929, according to CoinMarketCap. This continues a recent trend for WLD, which has been steadily increasing in value and is now approaching a $1 billion market capitalization. The token has been boosted by growing interest in AI-related projects and renewed investment from institutions, having already risen 12%–16% in previous days.

Traditionally, bringing real-world assets onto the blockchain through tokenization hasn’t been a major focus for most people deeply involved in cryptocurrency.

XRP’s price briefly rose and is now holding steady around $1.35, suggesting it might start climbing again. Recent data from the XRP network shows significant changes happening within the market.

Michael Saylor’s Strategy, once the darling of the Bitcoin ball, has decided to swap its dancing shoes for a pair of sensible slippers. Instead of buying more shiny BTC, it’s busy mopping up its debts, like a child cleaning up after a particularly messy birthday party. “No more cake for us,” it sighs, as it waves goodbye to $1.5 billion in convertible notes. Poor thing-it’s burned through two-thirds of its piggy bank, leaving a measly $871 million in the jar. Still, it’s got 843,738 BTC stashed away, so it’s not exactly sleeping on the streets. Yet.

Imagine, if you will, a world where the cold, unfeeling logic of AI is wedded to the wild, unpredictable nature of cryptocurrency. Coinbase’s new tool, built upon the Model Context Protocol (MCP)-a standard introduced by Anthropic in the not-so-distant year of 2024-promises to allow users to interact with DeFi protocols using nothing more than natural language prompts. A marvel, indeed, or perhaps a recipe for chaos.

Apparently, this bold claim is backed by a study from Ripple and the Boston Consulting Group (BCG), those old beans. Ripple, you see, has been rather clever, what? They’ve built tokenization into their model-stablecoins, settlement tokens, and whatnot-leaving McKinsey’s more modest estimates of $2 trillion to $4 trillion looking a bit like a dropped crumpet at a garden party.

Ah, Strive, that audacious asset management firm, has once again dipped its gilded quill into the inkwell of Bitcoin, scribbling another 1,109 BTC onto its ledger. CEO Matt Cole, ever the raconteur, took to X to proclaim this latest indulgence, revealing a spendthrift $85.4 million on May 22, at a price that only a true aesthete could appreciate: $76,988 per Bitcoin. The result? A treasure trove of 16,500 BTC, up from a mere 15,391. How quaint.

Ethereum’s scaling roadmap is changing, and layer-2 networks are now under closer review.