# GCR Weekly *U.S.–Iran Deal Near, HYPE & ZEC Lead Markets, S&P Futures at ATHs * By [GCR](https://paragraph.com/@globalcoinrsrch) · 2026-05-25 newsletter, crypto, market --- **Summary of the Week** ----------------------- **Bitcoin saw sharp volatility over the weekend**, briefly falling to $74K after dropping roughly 4% late Friday before fully recovering **on news that the U.S. is nearing an agreement with Iran and other Middle Eastern countries**. **HYPE and ZEC continue dominating market narratives**, while **S&P 500 futures trade near ATHs** and **c**rude oil has fallen 8% since Friday. Flows rotated away from majors. **Investors pulled over $1B from Bitcoin ETFs and $215M from Ether products,** while capital shifted into select altcoins. **HYPE spot products attracted roughly $72M**, with XRP and SOL ETFs also seeing inflows. Tether and the Georgian government announced plans for a GELT stablecoin representing the Georgian lari under the country’s digital asset framework. **Vitalik Buterin signaled the Ethereum Foundation will become a “smaller ship”** and **reduce ETH sales** amid ongoing researcher departures. On the policy side, the **SEC delayed its expected exemption framework for tokenized assets**, while the House Oversight Committee launched an investigation into Polymarket and Kalshi over potential use of insider government information. A new strategic Bitcoin reserve bill was also introduced, proposing a 1M BTC acquisition target alongside a 20 year lockup period. ![](https://paragraph.com/editor/callout/information-icon.png) _Stay on top of crypto markets, emerging narratives, and new opportunities._ [**_Follow us on X_**](https://x.com/Globalcoinrsrch)_._ * * * **Latest Deal Highlights** -------------------------- **1)** **Onchain credit protocol** building a new DeFi credit primitive — **programmable credit curves** connecting risk-priced tranches into a shared market, enabling faster capital formation and tighter spreads. Built from day one for **institutional adoption** alongside design partners including **Anchorage, Bitwise, FalconX & WisdomTree**. **Team previously scaled a trading platform to $5B+** in annual volume and brings expertise across institutional credit, structured products & protocol security. **Raising $4M seed, with strategic investors including Anchorage & FalconX already committed.** * * * **2) Crypto casino** built to compete directly with the market leaders, leveraging deep expertise in VIP acquisition, creator/affiliate distribution, and high-velocity feature shipping. The team — **former COO, CPO & CMO from Stake, bet365, William Hill & FanDuel** — with a track record of building successful companies ($100M+ annual profit). **Raised $21M** in 2025, backed by **1kx, Makers, MFV & Delphi founders**, with a clear path to **$1B+ EBITDA within 3 years.** [Find Out More](https://t.me/gcrx_bot) * * * Crypto Markets -------------- **Bitcoin remains stuck in a broader consolidation range after failing to sustain momentum above the recent highs around $80K to $82K.** **Current structure looks neutral to slightly bearish short term:** • Open interest remains elevated around 254K BTC, meaning positioning is still crowded • Coinbase Premium is deeply negative and continues trending lower, showing weak U.S. spot demand • CVD remains negative across most major exchanges, especially Binance and Bybit, suggesting sellers are still more aggressive than buyers in derivatives markets Despite the recent bounce attempts: • BTC has not seen strong spot bid support • Most recent upside moves were largely driven by perp positioning rather than organic spot accumulation • Market still appears highly reactive to macro headlines and broader risk sentiment **For now BTC looks rangebound between roughly $76K and $80K.** A break above local resistance could shift momentum back bullish, while losing the mid $70K region would likely invite another wave of long liquidations. **Total Market Cap**: 2.58T (+0.78% weekly) **BTC Dominance**: 60.0% **Fear and Greed Index**: 30 (Fear) ![](https://storage.googleapis.com/papyrus_images/d7ed2202149316301de473b97a0c99f168173ab3eb5e17d34f50f83e4f887147.png) Source: Velo ### Crypto News * [Vitalik says Ethereum Foundation will become a “smaller ship” and sell less ETH](https://www.theblock.co/post/402435/vitalik-buterin-says-ethereum-foundation-will-be-a-smaller-ship-sell-less-eth-amid-researcher-exodus) * [Bitcoin trades above $77K as oil slide lifts equities](https://www.coindesk.com/markets/2026/05/25/bitcoin-trades-above-usd77-000-as-oil-s-5-slide-pushes-asian-equities-higher) * [Analysts say ETF outflows signal rotation, not institutional exit](https://www.theblock.co/post/402473/institutional-bid-hasnt-disappeared-analysts-say-bitcoin-cooldown-spot-etf-outflows-signal-rotation-not-exit) * [Tether and Georgia plan GELT stablecoin tied to the lari](https://www.theblock.co/post/402453/tether-gelt-stablecoin-georgian-lari) * [HYPE funds attract millions as investors dump BTC and ETH ETFs](https://www.coindesk.com/markets/2026/05/25/hype-funds-attract-millions-as-investors-dump-bitcoin-and-ether-etfs) * [Bitcoin OG moves 2,650 BTC](https://www.theblock.co/post/402447/bitcoin-og-moves-2650-btc) * [OKX and ICE partner on oil commodity perpetuals](https://www.theblock.co/post/402382/okx-ice-partner-oil-commodity-perps) * [Robinhood Crypto COO exits amid revenue slowdown](https://www.coindesk.com/business/2026/05/22/robinhood-crypto-coo-tanya-denisova-is-leaving-company-amid-revenue-slowdown) **Regulatory and Policy** ------------------------- * [SEC delays tokenized asset exemption framework](https://www.theblock.co/post/402409/sec-delays-tokenized-asset-exemption-third-party-tokens-bloomberg-law) * [Congress probes Polymarket and Kalshi over insider trading concerns](https://www.coindesk.com/policy/2026/05/22/congress-probes-polymarket-and-kalshi-over-fears-government-employees-are-trading-on-secret-info) * [ECB warns easing euro stablecoin rules could weaken banks](https://www.theblock.co/post/402427/ecb-warns-eu-finance-ministers-that-easing-euro-stablecoin-rules-would-weaken-banks-reuters) * [New strategic Bitcoin reserve bill proposes 20 year lockup](https://www.theblock.co/post/402264/new-strategic-bitcoin-reserve-bill-drops-btc-purchase-target-adds-lockup) * * * **_DISCLAIMER_**_: Investing carries with it inherent risks, including but not limited to technical, operational, and human errors, as well as platform failures. The content provided is purely for educational purposes and should not be considered as financial advice. The authors of this content are not professional or licensed financial advisors and the views expressed are their own and do not represent the opinions of any organization they may be affiliated with. This content is intended solely for members of GCR and may not be redistributed._ --- *Originally published on [GCR](https://paragraph.com/@globalcoinrsrch/gcr-weekly-25-may)*