On Wednesday (May 20), cryptocurrency concept stocks overall strengthened during the U.S. stock market. Bitmine Immersion Technologies (BMNR.US) rose 3.14% to $19.21, leading the sector, with an intraday high increase of 3.33%; Robinhood (HOOD.US) rose 1.59% to $75.34; MicroStrategy (MSTR.US) rose 1.57% to $167.22; Coinbase (COIN.US) rose 1.06% to $195.50. Circle (CRCL.US) slightly increased by 0.51% to $111.60, with an intraday high increase of 1.59% reaching $112.79, and its 2x leveraged ETF (CCUP.US) rose 1.41% (with an intraday high increase of 3.19%), while the inverse ETF (CRCD.US) fell 1.00%.
In terms of news, Trump has requested the Federal Reserve to review the channels for cryptocurrency companies to obtain Master Accounts, aiming to simplify regulation and reduce compliance burdens, clearing obstacles for cryptocurrency financial institutions to enter the mainstream payment and clearing system, boosting overall sector sentiment.
On the individual stock level, Bitmine Immersion (BMNR.US) disclosed that its Ethereum (ETH) holdings have reached 5.28 million, with total cryptocurrency and cash assets amounting to $12.6 billion, further strengthening the narrative of &#34;Ethereum Reserve Company&#34;; the company recently increased its holdings by 71,672 ETH, but Fundstrat's Tom Lee reminded that oil factors remain the biggest potential drag on digital assets.
Regarding Circle (CRCL.US), well-known investor Duan Yongping has newly established a position in Circle in the latest Q1 holdings; although SoftBank sold CRCL shares in Q1, raising short-term concerns, analysts generally maintain a &#34;continue to accumulate&#34; view, believing that the penetration of the USDC stablecoin in B2B payment scenarios is still in the early stages.
For MicroStrategy (MSTR.US), top analysts have raised the target price, believing there is still over 140% upside potential; however, Zacks Research has downgraded its rating to &#34;Strong Sell,&#34; indicating a clear divergence between bulls and bears

ETHE

HOOD

COIN

Cryptocurrency concept stocks collectively strengthened, with BMNR (BMNR.US) rising over 3% (holding 5.28 million ETH), and HOOD, MSTR, and COIN all rising over 1%. Circle (CRCL.US) slightly increased as Duan Yongping established a new position in Q1. Trump urged the Federal Reserve to simplify the review of main accounts for cryptocurrency companies

- On May 20, U.S. crypto stocks strengthened, led by Bitmine Immersion Technologies (BMNR.US), which rose 3.14% to $19.21.  
- Trump has called for the Federal Reserve to review crypto companies' access to master accounts to ease regulatory burdens, boosting market sentiment.  
- Notable movements included MicroStrategy (MSTR.US) with analysts raising target prices amid diverging ratings, while Circle (CRCL.US) saw investment from prominent figures despite concerns from SoftBank's selling.

Movers Alert

Grayscale Ethereum Staking ETF

Robinhood

Coinbase

Riot Platforms

Mara

American Bitcoin

BTCS

Grayscale Litecoin Trust (LTC)

Franklin Ethereum ETF

Defiance Daily Target 2X Long RIOT ETF

Invesco Alerian Galaxy Crypto Economy ETF

Fidelity Ethereum Fund

Amplify Transform Data Sharing ETF

Leverage Shares 2X Long BMNR Daily ETF

Defiance Daily Target 2X Long HOOD ETF

Invesco Galaxy Bitcoin ETF

Direxion Daily Crypto Industry Bull2XETF

Invesco Galaxy Ethereum ETF

VanEck Bitcoin ETF

Fidelity Crypto Industry And Digital Payments ETF

ARK 21Shares Bitcoin ETF

Leverage Shares 2X Long HOOD Daily ETF

Valkyrie Bitcoin Miners ETF

Franklin Bitcoin ETF

ProShares Bitcoin Strategy ETF

Grayscale Solana Staking ETF

IShares Ethereum Trust ETF

Bitwise Ethereum ETF

BitMine Immersion Tech

Strategy

Circle

T-REX 2X Long CRCL Daily Target ETF

T-REX 2X Inverse CRCL Daily Target ETF

SoftBank Group Corp.

BITMINE IMMERSION TECNOLOGIES INC

MicroStrategy Pref Shares MSTR 10.0 Perp

Microstrategy Inc Pref Shares STRC 9.0 Perp

MicroStrategy Pref Shares MSTR 8.0 Perp

Cryptocurrency concept stocks collectively strengthened, BMNR (BMNR.US) rose over 3%, Robinhood (HOOD.US) rose over 1%