Bitcoin (BTC) has continued its upward momentum, reaching a price of approximately $97,000 as of early May 2025, with BTC dominance rising to around 65%. Michael Saylor has announced plans to double his capital allocation for Bitcoin through a fresh $21 billion equity offering, aiming to increase his Bitcoin holdings to $82 billion. Institutional interest in Bitcoin remains strong, with public companies having acquired 96% of all Bitcoin expected to be mined in 2025. Meanwhile, the digital asset investment firm Two Prime has officially dropped support for Ethereum (ETH), citing its changed trading behavior, increased tail risk, and diminished value proposition. Two Prime's CEO described Ethereum as having evolved into a "memecoin," leading the firm to focus exclusively on Bitcoin asset management and lending. Ethereum's price has been around $1,800 to $1,832 during this period. In other market developments, Ripple made an offer valued between $4 billion and $5 billion to acquire Circle, the issuer of USDC stablecoin, but the offer was rejected. Solana's Policy Institute filed a proposal with the SEC to enable on-chain stock trading, and Worldcoin officially launched in the US, debuting its Orb Mini device. Bitcoin ETFs have seen record monthly inflows, with a total net flow of approximately $422.5 million reported on May 1. Additionally, the crypto sector has witnessed the launch of new meme tokens and AI-related crypto tokens, with the Boop meme launchpad debuting recently. Tether reported Q1 profits of $1 billion, down from $4 billion the previous year, while Visa and Mastercard have granted AI agents access to credit cards.