According to Cointelegraph, the upcoming expiration of $2.4 billion in Ether (ETH) options on May 30 could play a significant role in determining whether ETH can surpass the $2,700 mark for the first time in over three months. Despite recent gains, Ether has experienced a 21% decline in 2025, contrasting with a 5% increase in the broader cryptocurrency market. Ether bulls are keen to maintain ETH above $2,600 ahead of the monthly expiry, although weak network activity on Ethereum suggests that the potential for upward movement may be constrained. Analysts attribute Ether's underperformance to increasing competition among blockchains focused on decentralized applications. Nevertheless, ETH retains a strategic advantage as the only altcoin with a spot exchange-traded fund (ETF) offering in the United States. These ETFs have attracted $287 million in net inflows between May 19 and May 27, indicating heightened interest from institutional investors. Despite growing demand for Ether-based investment products, deposits and on-chain activity on the Ethereum network have decreased. This trend is concerning as competitors like Solana, BNB Chain, and Tron continue to expand their market share. Ethereum's absence from the top ten protocols in terms of fees has led to a supply imbalance, contributing to inflationary pressure on ETH. The $1.3 billion in call (buy) options dominate the May 30 expiry, but this does not necessarily mean that traders will reinvest the proceeds in new bullish positions. Many option strategies involve multiple maturities and are structured in ways that do not benefit from ETH rising above specific thresholds. Additionally, traders may hedge their exposure through futures markets. The $1.1 billion in put (sell) options were caught off guard, as 97% were set at $2,600 or lower. These contracts will expire worthless if ETH holds above that level at 8:00 am UTC on May 30. While this imbalance is unusual, a similar outcome could affect the overly optimistic call options with strike prices at $2,800 and above if ETH remains near current levels. Bulls are strongly incentivized to push ETH past $2,700, yet broader market conditions may override these efforts. Given the strong correlation between cryptocurrencies and the S&P 500, macroeconomic indicators and corporate earnings are likely to remain the primary forces shaping investor risk appetite—and ultimately, ETH’s price at the time of the monthly options expiry. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Tourists visiting Thailand could be allowed to spend cryptocurrencies while visiting the country, thanks to a new policy change. Thai authorities are working to improve their system to accommodate the growing need for digital assets. A part of that change could see visitors spend crypto via credit card-linked platforms source: https://www.altcoinbuzz.io/cryptocurrency-news/thailand-boosts-tourism-with-crypto-payments/

Key takeaways:97% of ETH put options will expire worthless if ETH holds above $2,600. A bullish ETH price outcome could be limited by macroeconomic factors and trading strategies that cap Ether gains. On May 30, $2. 4 billion in Ether (ETH) options will expire—an event that could support ETH’s attempt to break above the $2,700 mark for the first time in over three months source: https://cointelegraph.com/news/ethereum-bulls-aim-for-2-7k-ahead-of-eth-s-2-4b-options-expiry?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Mayor Eric Adams, while talking at the ongoing Bitcoin conference, has revealed New York City will be the first city in the world to issue a Bitcoin-backed bond, referred to as a BitBond. Mayor Adams emphasized his commitment to introducing what he tagged a new financial instrument and also revealed intentions to eliminate the New […] source: https://www.cryptopolitan.com/mayor-eric-adams-to-let-bitcoin-in-new-york/

According to the announcement, the funds raised largely came from  His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud, with other investors including Adam Traidman, former Ripple board member and CEO of SBI Ripple Asia. The company … source: https://coinpedia.org/news/xrp-news-today-vivopower-announces-a-121m-private-funding-to-become-first-xrp-treasury-focused-publicly-traded-company/

U. S. President Donald Trump’s approval ratings inched up to 44% this week, according to a May 23–26 YouGov/Economist poll, just as Vice President JD Vance vowed to kill “Operation Chokepoint 2. 0” and tear up crypto red tape source: https://cryptonews.com/news/trumps-approval-ratings-44-percent-vance-crypto-lawfare/

Catenaa, Wednesday, May 28, 2025- Nearly 75% of US households say that they are doing financially okay despite inflation and price concerns, a Fed survey showed on Wednesday. Economic Well-Being of US Households in 2024 report by the Federal Reserve showed that 73% of adults reported either doing okay or living comfortably financially, similar to […] source: https://investors.catenaa.com/news/nearly-75-of-us-households-say-they-are-doing-financially-okay

By tapping capital markets and pledging to accumulate BTC, both firms amplify Bitcoin beta through corporate leverage. source: https://www.theblock.co/post/355858/corporate-btc-leverage-for-strategy-and-metaplanet-is-paying-off-for-now?utm_source=rss&utm_medium=rss

A company chaired by the chief executive of crypto wallet developer Consensys is announcing plans to create an Ethereum (ETH) treasury. source: https://dailyhodl.com/2025/05/28/gaming-firm-chaired-by-joseph-lubin-announces-plans-for-ethereum-treasury-strategy-starting-with-475000000-in-capital/

Telegram CEO Pavel Durov announced a $300 million partnership with Elon Musk’s xAI to bring Grok to the messaging app. source: https://www.thestreet.com/crypto/markets/elon-musk-has-a-blunt-response-to-telegram-founders-300m-ai-deal-claim

Discover the incredible journey of MrBeast, from viral video creator to crypto and business mogul. Still, his story is never short of controversies whilst his climb up to success.