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ARK Invest's monthly Bitcoin report for May highlights bullish indicators such as Bitcoin's aggregate unrealized profits, ETF flows, and key support levels. Despite declining transaction volumes and low core development commits, the firm remains optimistic about Bitcoin's future price potential.

The CLARITY Act, aimed at creating a framework for issuing and trading most cryptocurrencies in the U.S., passed the House Agriculture Committee vote with bipartisan support. The bill faces further scrutiny from the House Financial Services Committee before proceeding to the House floor.

The US Securities and Exchange Commission has requested Solana ETF issuers to update S-1 forms within a week, aiming for potential approval in the next few months. The SEC is open to including staking in Solana ETFs, with a possible approval as early as July.

Meme coins like Fartcoin, Dogwifhat, and Pepe are experiencing a surge in trading volumes and prices, with technical indicators signaling potential breakouts. Fartcoin, in particular, has seen significant gains and is attracting attention from traders.

Aave is set to join Soneium, an Ethereum L2 blockchain associated with Sony, to explore real-world applications for GHO, Aave's stablecoin. The partnership aims to tap into Soneium's 7-million user ecosystem, which already includes various protocols like Uniswap v4 and Velodrome.

Ethereum-based DeFi tokens like Uniswap, Aave, and Sky surged after the SEC hinted at being more supportive of the emerging subsector. SEC Chairman Paul Atkins mentioned an "innovation exemption" to ease on-chain product introductions and rule changes for on-chain financial systems.

Canaan Inc. reported mining 109 Bitcoin in May 2025, reaching a total of 1,466 BTC. Despite increased tariffs, the company achieved a 25% month-over-month increase in BTC production, setting a new record.

Bitcoin Core developers will remove the 80-byte limit on OP_RETURN outputs in the upcoming v30 release, allowing for multiple outputs with up to 4MB of data each. This change aims to address issues related to data storage on the blockchain.

Plasma received $500 million in stablecoin deposits, indicating a strong token sales appetite. Blockworks Research's Boccaccio expressed cautious optimism about Plasma's potential in the stablecoin market.

The launch of Verse World's token on Solana's Pump.fun launchpad caused a stir, with the token's market capitalization surging to $112.8 million before retracting to $54 million. The project's founder, Micka Verse, revealed token distribution details, including community rewards and team allocations.