Happy Tuesday!

Bitcoin could rise to $500K, says Standard Chartered, even as institutions snapped up $667M of Bitcoin ETF shares on Monday: what will contribute to such a surge?

Stablecoin issuers could become the biggest holders of government bonds before the end of the decade, according to Republican Senator Bill Hagerty. Why is he so bullish?

Plus, want to know how traders are locking in gains this year? Join us for a special masterclass live this Wednesday at 6 PM ET to get a tactical breakdown of Benzinga’s most successful strategies—and how to apply them now. Whether you trade stocks or leveraged ETFs, you’ll learn how to find high-probability setups in today’s volatile market.

Claim Your Free Spot Here

TOP STORY

Bitcoin To Hit $500,000 By 2028, Standard Chartered Says, As ETFs Buy $667M On Monday

U.S. spot Bitcoin exchange-traded funds recorded $667.44 million in net inflows on May 19, marking the fourth consecutive day of positive momentum.

The strong inflows follow a broader institutional trend, backed by Standard Chartered’s note on Tuesday, which suggests Bitcoin is gaining traction among a more diverse set of buyers despite some near-term headwinds.

The bank is forecasting a surge to $500,000 by 2028, but what will contribute to that price increase?

Read the full scoop here.

SPECIAL OFFER

Triple-Digit Trades In 2025—Here’s How They Happened

Want to know how traders are locking in gains this year? Join us for a special masterclass live this Wednesday at 6 PM ET to get a tactical breakdown of Benzinga’s most successful strategies—and how to apply them now. Whether you trade stocks or leveraged ETFs, you’ll learn how to find high-probability setups in today’s volatile market.

Claim Your Free Spot Here

QUICK N DIRTY

Ethereum is up 58% in one month: how much higher can it go?

Genesis is accusing DCG and Barry Silbert of fraud, seeking $1.2 billion in compensation: what is the case all about?

Dogecoin may be on the edge of breaking out: can it finally reclaim 30 cents?

FINTECH FOCUS

Senator Hagerty Says Stablecoin Issuers May Surpass Foreign Governments In US Treasury Holdings

U.S. Senator Bill Hagerty (R-TN) said stablecoin issuers could become the largest holders of U.S. Treasuries globally by the end of the decade, citing projections from Citibank.

Speaking in an interview with CNBC on Monday, Hagerty emphasized the role stablecoins play in transforming the payments landscape while underscoring their backing by short-term U.S. government debt.

“This is a payment mechanism and not to be confused with Bitcoin or something that has a speculative component,” Hagerty said. “By 2030, stablecoin issuers will be the largest holders of U.S. Treasuries in the world.”

What makes him so bullish on stablecoins?

Read the full scoop here.

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Ring The Bell: Created for market enthusiasts by market enthusiasts, this daily newsletter delivers top stories, fast movers and hot trade ideas straight to your inbox. Subscribe here.

Cannabis Daily: A must-read daily briefing for cannabis investors, operators and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.

Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis and news. Subscribe here.

Tech Trends: Get the inside scoop on AI, the hottest gadgets and mind-blowing tech trends. Subscribe here.

Disclaimer: This communication from Benzinga is for informational purposes only. It is not intended to serve as a recommendation to buy, sell, or hold any security and is not an offer or sale of a security. Information contained within should not be perceived as a research report and is not intended to serve as the basis for any investment decision. Any third-party views reflected herein do not reflect the opinion of Benzinga. All investments involve risk and the past performance of a security does not guarantee future results or returns. There is always the potential for financial loss when investing in securities or other financial products. Investors should consider their investment objectives and risks before investing. Benzinga is reader-supported. When you buy through links on our site, we may earn an affiliate commission. Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuer’s securities. This content is for informational purposes only and is not intended to be investing advice. This is a paid ad. Please see 17b disclosure linked in the campaign page for more information.