Bitcoin’s price slipped on a couple of occasions in the past 24 hours to $107,000, but the bulls managed to defend that level, and the asset now sits about a grand and a half higher.

Ethereum jumped past $2,700 earlier today, while TON has notched a notable increase after some developments on the Telegram-xAI front.

Bitcoin Back to $108.5K

It was this time last week when the primary cryptocurrency continued its recent impressive rally and skyrocketed past its January 2025 all-time high and all the way up to almost $112,000. This became the latest and current peak.

However, the asset retraced on Friday when US President Donald Trump recommended a new set of tariffs against the EU. Bitcoin reacted with an immediate price drop of around $3,000-4,000. It recovered some ground over the weekend and started another leg up on Monday and Tuesday, which pushed it to nearly $111,000.

It couldn’t continue north despite the positive flows into the US ETFs and even slipped to $107,000 yesterday. After testing that support on a couple of occasions, BTC bounced off and now trades at around $108,500.

Its market capitalization has remained at around $2.155 trillion, while its dominance over the alts has taken a minor hit and is down to 60.6%.

TON Up 8%

Although the deal has not been signed yet, Pavel Durov’s Telegram and Elon Musk’s xAI seem to be close to a massive $300 million partnership. Despite the controversy around the completion of the agreement, TON’s price reacted today with a massive surge from under $3 to almost $3.7 before it retraced to its current $3.33 level, which still represents an 8% increase.

Ethereum has also charted an impressive jump since yesterday and is above $2,700 now. PEPE has added 6% of value, while PI has dropped by over 3% and is close to breaking below $0.7.

The total crypto market cap has remained sluggish at around $3.560 trillion on CG.

Bitcoin (BTC) has entered a new phase of the bull cycle, hitting an all-time high (ATH) north of $111,000 on May 22, which was fueled by increased investor confidence, record spot BTC exchange-traded fund (ETF) inflows, and heightened derivatives activity.

However, as on-chain indicators flash signs of euphoric sentiment, analysts are warning that volatility could be around the corner, especially with the $120,000 level emerging as an important psychological and technical threshold.

Rising Activity, Rising Caution

According to the latest weekly market sweep by crypto analytics platform Glassnode, Bitcoin’s strength remains firmly intact. Metrics show rising investor profitability, soaring trade volume through centralized exchanges, and a 51% increase in futures open interest since April’s local low around the $74,000 level.

The euphoric signals are also manifesting in tangible market activity. Glassnode reported a significant uptick in exchange interactions, with approximately 33% of all Bitcoin on-chain volume now flowing through centralized trading venues, something analysts consider to be a clear indicator of rising trading appetite.

Furthermore, the analytics platform noted that while BTC has broken its third ATH this cycle, the rally remains within historical bounds. Its data paints a picture of a market heating up rapidly, with investor profitability surging high enough to push the Relative Unrealized Profit metric above its +2 standard deviation band.

“These environments are usually characterized by heightened volatility and tend to be brief in duration,” noted analysts, highlighting that only 16% of all trading days see such extreme paper profits.

Their finding is similar to a May 28 report from CryptoQuant, which revealed that 99% of Bitcoin’s Unspent Transaction Outputs (UTXOs) are now in profit. This threshold marked critical market turning points in the past, often coming before either sustained rallies or sharp corrections.

However, the experts at CryptoQuant urged caution, pointing to unresolved macroeconomic uncertainties, particularly around U.S. policy direction under the Trump administration, as a factor that could potentially mute full-blown risk appetite despite the extreme profitability.

Price Action Reflects the Tension

BTC’s recent price trajectory seems to be reflecting this push-and-pull dynamic. After peaking at $111,814 a week ago, the flagship cryptocurrency has experienced expected consolidation, pulling back to trade around $107,728 at the time of this writing.

While the price represents a modest 1.2% dip in the last 24 hours, zooming out reveals the broader momentum. Despite a 3.4% pullback over the past seven days, BTC remains up by a solid 14.1% over the last month, while its year-over-year gains stand at 56.6%.

All eyes are now fixed on the $120,000 threshold, which Glassnode identified as a critical inflection point at which several on-chain price models converge. Judging from the past, if BTC were to breach these levels, it could accelerate sell-side pressure as long-term holders look to pocket gains.

“In the event of further upside, the $120k level appears as a key zone of interest, with sell-side pressure expected to accelerate,” the platform’s analysts concluded.

[PRESS RELEASE – Singapore, Singapore, May 29th, 2025]

Reddio, The first parallel EVM to go mainnet—GPU-accelerated, AI-native, backed by Paradigm.

Reddio, the high-performance parallel EVM accelerated by GPU, will launch its native RDO token through a Binance Exclusive Token Generation Event (TGE) on Binance Wallet starting May 29, 2025.. Engineered for autonomous AI and compute-heavy dApps, Reddio brings Web3 scalability into the high-performance era.

Following the TGE, RDO will be available for Binance Alpha trading on PancakeSwap and Binance Wallet DEX, providing access across both decentralized and semi-custodial venues.

As part of its multichain architecture, 50% of RDO’s circulating supply will be deployed on BNB Chain, with seamless cross-chain transfers enabled by Hyperlane’s messaging bridge, ensuring smooth interoperability across ecosystems.

Key Token Launch Details

• Token Name: Reddio (RDO)
• Token Symbol: RDO
• Launch Format: Binance Exclusive TGE on Binance Wallet
• Total Supply: 10,000,000,000 RDO
• IDO Distribution: 2% of total supply
• Subscription Period: May 29, 2025, from 8AM to 10AM (UTC)
• Alpha Trading Format: RDO / BNB trading pair
• Alpha Trading venue: Binance Wallet DEX or PancakeSwap after subscription..
• Alpha Trading start Time: May 29, 2025, from 10AM (UTC)

Why Reddio

The Parallel EVM Powering Autonomous AI

Backed by Paradigm, Reddio is purpose-built for the next frontier of blockchain: AI agents, high-frequency DeFi, and real-time applications—all running natively on-chain.

By fusing parallel execution with GPU acceleration, Reddio delivers unprecedented computational throughput, without sacrificing decentralization or security.

Already integrated by over 40 projects, and with 124M+ transactions and 18M wallet addresses on public testnet, Reddio is on track to become the first parallel EVM to go live on mainnet in Q2, 2025.

️The Tech Stack

#ParallelExecution – Enables multi-threaded smart contract execution using optimistic concurrency with conflict detection and re-execution, inspired by BlockSTM-style models.

#GPUAcceleration – Compiles EVM bytecode to CUDA kernels, enabling smart contracts and AI workloads to run directly on GPUs — unlocking native GPU-level speed for on-chain computation

#DecentralizedSequencer – Boosts network resilience and ensures censorship-resistant transaction ordering.

#LowGasFee – Cost-efficient execution at scale, even for compute-intensive AI workloads.

#ModularSequencerSDK – Accelerate time-to-launch for Layer 2/3s and appchains with modular, production-ready infra.

“If IPOs only claim to be Day One, then launching a token is truly Day One,” said Neil Han, Founder of Reddio. “This moment marks the culmination of four years of relentless work. We’re not just scaling Ethereum—we’re redefining what it means to compute on-chain. Grateful to those who believed, and to those who didn’t. And listing on Binance Alpha right after gives our users immediate flexibility across ecosystems. Onwards and upwards—the sky is not our limit, it’s our starting line.”

About Reddio

Backed by Paradigm, Reddio is the first GPU-powered parallel EVM Layer-2, built for running autonomous AI natively at scale. With Ethereum-grade security, multi-threaded execution, and a modular infrastructure stack, Reddio enables real applications to thrive in a decentralized environment.

Website: reddio.com

Twitter: @reddio_com

Whitepaper: https://static.reddio.com/REDDIO WHITEPAPER.pdf