Crypto experienced a paradoxical May 2025 as Bitcoin hit $112,000 while DeFi suffered a massive $223 million exploit, highlighting the sector's dual identity as both a maturing macro asset and experimental technology frontier.

• Bitcoin's surge driven by a weakening US dollar and progress on stablecoin regulation
• The GENIUS Act cleared its first Senate hurdle, providing a path for stablecoin regulatory clarity 
• Security breaches included a $223M Cetus protocol exploit and Coinbase's KYC data breach affecting 69,000 users
• Circle filed for NYSE debut at a $6.7B valuation, bridging crypto to traditional finance
• Strategy (formerly MicroStrategy) purchased another 4,000 BTC, bringing holdings to 580,250 BTC
• Crypto ETPs continue expanding, now spanning 90 different tickers managing nearly $50B

Think about what specific areas of your own digital asset strategy you might scrutinize more closely, considering both the immense potential and inherent pitfalls defining the crypto landscape.