Market
Nvidia Reaches $3 Trillion Market Cap, Triggers AI Tokens Sell-Off

Nvidia Inc. has reached the $3 trillion market capitalization threshold, effectively outperforming Apple.
Meanwhile, AI tokens are dropping in price alongside a 10% surge in trading volume, typical of a ‘buy the rumor, sell the news’ situation.
Nvidia Outperforms Apple With $3 Trillion Market Cap
Chip-making giant Nvidia has attained a market capitalization of 3 trillion, and data shows that it was one of the most heavily traded stocks during the last trading session, only second to GameStop’s GME. It comes after the chip manufacturer’s 10:1 split, which would allow company employees and retail investors to purchase NVDA stock easily and at more affordable rates.
“NVIDIA breaks $3 TRILLION market cap and is now worth $102m for every employee,” highlighted crypto watch tool Radar in a post.
Data shows that NVDA stock is now worth five times more than Apple Inc. (AAPL) stock. Immediately after the split, NVDA surged to $120 per share before dropping to its current price of $102.
Read More: AI Stocks: Best Artificial Intelligence Companies To Know in 2024

Only recently, Nvidia Corp beat the Russell 2000 Index by a $10 billion range, recording up to $45.94 billion in volume on June 3. This comes despite the US Department of Commerce’s recent move to impose new restrictions on exporting AI processors to several Middle Eastern countries. These measures aim to address security concerns, particularly the risk of high-performance chips being resold to China.
“With regards to the most cutting edge technologies, we conduct extensive due diligence through an interagency process, thoroughly reviewing license applications from applicants who intend to ship these advanced technologies around the world,” the Commerce Department’s announcement states.
NVDA stock suffered in late May due to this resolve, as chipmakers AMD and Nvidia have struggled to obtain approvals for exporting AI accelerators amid a slowdown in licensing. Before this news, there was general speculation that crypto tokens related to AI and Big Data would rally, especially if NVDA outperformed AAPL. This expectation arose from the positive correlation between AI tokens and past events involving the GPU giant and its stock price.
AI Tokens Record Soaring Trading Volume
The anticipation for Nvidia Corp’s 10:1 split stirred interest in AI-related cryptocurrencies as market watchers speculated on potential impacts. Among them, the Render (RNDR) price soared 5% on Sunday, from a low of $8.921 to a high of $9.262. Likewise, Near Protocol (NEAR) climbed 3%, while the Injective (INJ) price exploded 10% to an intra-day high of $29.31.
The surge was a typical ‘buy the rumor’ situation, and in a typical ‘sell the event’ reaction, these tokens dropped. AI crypto coins’ trading volume is up 10% to show massive profit booking. With this, AI cryptos’ market capitalization has fallen by nearly 3% to $34.8 billion.
Read more: Top 9 Artificial Intelligence (AI) Cryptocurrencies in 2024

The adage “buy the rumor, sell the news” is a contrarian trading strategy based on predictions of expected market reactions to rumors, events, or news announcements. Investors look to capitalize on price movements by acting before the masses widely disseminate and process the information (rumor). The strategy works such that when rumors surface concerning a particular event that could positively impact the asset’s price, enlightened traders may buy the asset based on the speculation (rumor).
A sell-off occurs when the news breaks, provided the market has already priced for the anticipated event. This allows the enlightened folk (early investors) to realize profits.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Strategy’s 12% YTD Yield and $555M Acquisition

Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see what experts say about Bitcoin’s (BTC) price amid recovery efforts. The status of Bitcoin as a hedge against inflation and economic uncertainty is progressively becoming questionable, with institutional influence adding to the concerns.
Can Strategy’s $555 Million BTC Purchase Send Bitcoin Past $90,000?
Michael Saylor, the chairman of Strategy (formerly MicroStrategy), revealed the firm’s latest Bitcoin purchase, comprising 6,556 BTC tokens worth approximately $555.8 million. With this, the firm has attained a Bitcoin yield of 12.1% year-to-date (YTD) in 2025.
“MSTR has acquired 6,556 BTC for ~$555.8 million at ~$84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4/20/2025, Strategy holds 538,200 BTC acquired for ~$36.47 billion at ~$67,766 per bitcoin,” Saylor shared.
Strategy uses the Bitcoin Yield YTD to measure the BTC holdings per share increase. This model has been a key part of their financial strategy firm since their first Bitcoin purchase in August 2020.
This acquisition aligns with a bullish market sentiment for Bitcoin, which is steadily nearing the $90,000 milestone, as the recent US Crypto News indicated.

Despite a mild recovery in Bitcoin prices this week, up by over 3% in the last 24 hours, it is worth noting that Bitcoin is highly sensitive to economic indicators.
Similarly, the global market is highly sensitive to monetary policies set by major economies, particularly the US. BeInCrypto contacted Paybis founder and CEO Innokenty Isers for insights on the current market outlook, particularly for Bitcoin.
“Given the strong concentration of investors in technology stocks, shifts in trade policies and government interventions that influence key indices like the Nasdaq Composite create ripple effects across financial markets,” Isers told BeInCrypto.
According to the Pybis executive, since the US Presidential inauguration, the outlook of Bitcoin has changed from a trusted hedge against inflation to a more risk-on asset.
“With its relatively higher volatility, risk-averse investors may favor alternative inflation hedges instead of Bitcoin,” he added.
Iners expressed cognizance of the longer stretch of the trade war and the potential inflation that will emerge. Based on this, he noted that capital allocation to Bitcoin as a hedge against economic instability might be reduced.
Strategy’s Stock Premium Narrows as Bitcoin Hype Cools
Meanwhile, Strategy has seen a significant shift in its stock valuation dynamics over the past year. Saylor recently revealed that as of Q1 2025, over 13,000 institutions and 814,000 retail accounts held MSTR directly.
“An estimated 55 million beneficiaries have indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios,” Saylor added.
According to data on Bitcointreasuries.net, the premium investors once paid for exposure to its Bitcoin holdings has notably narrowed.
Specifically, the NAV multiplier, a measure of how much the stock trades above the value of Strategy’s Bitcoin assets, has decreased compared to last year. This indicates that MSTR is now trading closer to the actual value of its Bitcoin reserves.
In 2024, investors were willing to pay a substantial premium for MSTR shares, driven by Bitcoin’s hype and MicroStrategy’s aggressive accumulation strategy.
“I don’t know if buying strategy equity is a good idea for the government. The stock would just pump, and it’s likely trading at a premium over NAV with a higher risk profile. Also, I believe the gov will find it difficult to find institutions that would be willing to sell their BTC in large quantities,” an analyst said recently.
The shrinking NAV multiplier suggests a more cautious market sentiment. Analysts believe this reflects a shift toward valuing MicroStrategy based on its fundamentals rather than speculative Bitcoin enthusiasm.
This suggests a maturing market approach to the company’s unique investment strategy.
Chart of the Day

This chart shows how Strategy’s stock price (blue) moves with Bitcoin price (orange). When Bitcoin goes up, MicroStrategy usually follows, but it swings even more.
However, the NAV multiplier has narrowed compared to last year, meaning MicroStrategy’s stock is now trading closer to the actual value of its Bitcoin holdings.
Last year, investors paid a bigger premium for exposure to MSTR, but that gap has shrunk. This suggests a more cautious sentiment or a shift toward valuing the company based on fundamentals rather than just Bitcoin hype.
Byte-Sized Alpha
- Bitcoin ETFs saw modest $15 million inflows, a shift from the previous $713 million outflows, but the smallest influx of 2025, signaling cautious investor sentiment.
- XRP’s futures market shows a bullish shift with long positions exceeding short bets, signaling potential price increases.
- Accumulation signals from whale activity and consolidation at $0.60 indicate a possible rally for Pi Network, despite concerns about the lack of exchange listings and use cases.
- Solana surpasses Ethereum in staking market cap with $53.15 billion, driven by higher staking yield and 65% of supply staked.
- Bitcoin whales accumulated 53,652 BTC worth $4.7 billion in a month, pushing the price to $87,463, but long-term holder profits hit a two-year low.
- PlanB criticizes Ethereum as centralized and pre-mined, citing PoS, tokenomics, and a flexible supply as key red flags.
- Decentraland’s (MANA) price has surged over 10% in 24 hours, hitting a two-month high of $0.31.
Crypto Equities Pre-Market Overview
Company | At the Close of April 17 | Pre-Market Overview |
Strategy (MSTR) | $317.20 | $323.49 (+1.98%) |
Coinbase Global (COIN) | $175.03 | $175.85 (+0.46%) |
Galaxy Digital Holdings (GLXY.TO) | $15.36 | $15.12 (-1.41%) |
MARA Holdings (MARA) | $12.66 | $12.83 (+1.34%) |
Riot Platforms (RIOT) | $6.49 | $6.52 (+0.54%) |
Core Scientific (CORZ) | $6.61 | $6.59 (-0.27%) |
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
PI Token Price Faces Bearish Pressure, Risking a Drop to $0.40

PI has been on a steady downtrend since February 26, shedding 72% of its value as bearish sentiment continues to weigh on the token.
Bearish pressure continues to mount on the PI token, suggesting that it may be poised to enter a new phase of decline.
PI Network Risks Fresh Decline
An assessment of the PI/USD one-day chart reveals that token holders remain steadfast in their distribution. At press time, PI’s Balance of Power (BoP) is negative, reflecting the selling pressure in the market.

The BoP indicator measures the strength of buying versus selling pressure by comparing the close price to the trading range within a given period. When BOP is negative like this, it indicates that sellers are dominating the market, suggesting downward pressure on the asset’s price.
Further, the setup of PI’s Chaikin Money Flow (CMF) supports this bearish outlook. At press time, this is below the central line at -0.12.

The CMF indicator measures an asset’s buying and selling pressure. A negative CMF reading suggests that the asset is experiencing more selling pressure than buying pressure. This means PI traders are distributing rather than accumulating. This signals bearish sentiment and confirms the downward momentum in the token’s price.
Sellers Tighten Grip on PI, But Recovery to $1.01 Still on the Table
At press time, PI trades at $0.63, below the dynamic support formed above it at $0.93 by its Super Trend indicator.
The Super Trend indicator helps traders identify the market’s direction by placing a line above or below the price chart based on the asset’s volatility.
When an asset’s price trades below the Super Trend line like this, it signals a bearish trend and hints at potential decline. If PI’s decline strengthens, it could revisit its all-time low of $0.40.

However, if demand returns to the PI market, its price could break above the resistance at $0.86 and surge to $1.01.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Circle, BitGo, and Others Eye Bank Charters in US

With support from Trump’s White House and easing regulations, firms like Circle and BitGo are pursuing becoming full-fledged financial institutions.
Reports indicate a new wave of crypto companies knocking on the once-closed doors of the American banking system. This time, someone is listening.
Crypto Firms Seek Bank Charters as Wall Street’s Doors Reopen
After years of being sidelined, crypto companies are coming back, this time through the front door of the US banking system.
Citing sources familiar with the matter, the Wall Street Journal revealed that several major players, including Circle and BitGo, are preparing to apply for bank charters or financial licenses.
Traditional banks are also responding to the shift. US Bancorp is re-launching its crypto custody program via NYDIG, while Bank of America (BofA) said it would issue its stablecoin once the legal framework is in place.
Even global giants are watching closely. A consortium including Deutsche Bank and Standard Chartered is evaluating how to expand crypto operations into the US.
While details remain scarce, the interest signals that crypto is no longer just a niche but a competitive frontier.
These firms reportedly aim to operate with the same legitimacy and access as traditional lenders. This includes holding deposits, issuing loans, and launching stablecoins under regulatory supervision.
The timing is not random. A sharp pivot in federal policy, driven by President Trump’s pledge to make the US a Bitcoin superpower, has reopened regulatory pathways once shut after the FTX collapse.
In parallel, Congress is advancing stablecoin legislation requiring issuers to secure federal or state licenses.
The push for bank status comes amid a broader effort to legitimize crypto within US finance. Earlier this year, regulators rolled back key restrictions. Among them, the SEC’s controversial SAB 121, which had blocked banks from holding crypto on behalf of clients.
Meanwhile, Federal Reserve (Fed) Chair Jerome Powell affirmed that banks could serve crypto customers provided proper risk management strategies exist.
In another regulatory green light, the Office of the Comptroller of the Currency (OCC) clarified that banks can offer stablecoin and custody services. However, this is provided they comply with established banking rules.
These signals have emboldened crypto firms previously kept at arm’s length. Anchorage Digital, the only US crypto-native firm with a federal bank charter, says the regulatory lift is massive but worth it.
“It hasn’t been easy… the whole gamut of regulatory and compliance obligations that banks have can be intertwined with the crypto industry,” Anchorage CEO Nathan McCauley reportedly admitted.
McCauley cited tens of millions in compliance costs. Nevertheless, Anchorage has since collaborated with BlackRock, Cantor Fitzgerald, and Copper for high-profile custody and lending programs.
BitGo, which will reportedly custody reserves for Trump-linked stablecoin USD1, is nearing a bank charter application.
Circle, the issuer of USDC, is also pursuing licenses while fending off competition, just like Tether. This is a traditional finance (TradFi) venture into stablecoins.
The firm delayed its IPO this month, citing market turmoil and financial uncertainty. However, insiders say regulatory clarity remains a top priority.
Firms like Coinbase and Paxos are exploring similar routes, considering industrial banks or trust charters to expand their financial offerings legally.
At the policy level, venture firm a16z has called on the SEC to modernize crypto custody rules for investment firms, reflecting the industry’s hunger for clarity and parity.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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