Good news frequently emerges in the crypto market, with institutional participation on the rise.

Recently, positive news has been continuously emerging in the crypto market. On a macro level, the agreement on the US-China tariff truce has driven the global financial markets to rise. Although the price of Bitcoin has slightly declined, altcoins like Ethereum are performing strongly, with the DeFi sector showing comprehensive strength, raising market expectations for the return of altcoin season.

In addition to the improvement of the macro environment, the industry has also welcomed new milestone events. On May 13, a certain trading platform will be included in the S&P 500 index, marking the first entry of a crypto company into this index, signifying significant progress in the mainstreaming of the industry. This change will take effect on May 19.

At the same time, global enterprises and institutions continue to show a high enthusiasm for participation in the encryption field.

On May 12, China and the United States reached a tariff truce agreement in Geneva, temporarily ending a long-standing trade conflict. The agreement includes a 90-day suspension of 24% reciprocal tariffs, retaining a 10% base tax rate, and establishing a third-party consultation mechanism. As a result, the US stock market rose sharply, with S&P 500 futures up over 3% and Nasdaq closing up 4.35%.

Despite Bitcoin falling from $106,000 to $100,700, the crypto market as a whole quickly rebounded. Major altcoins such as ETH, SOL, and BNB all recorded impressive rises. With the tariff issues coming to a close, the impact of this news on the market will gradually diminish, and the bottom prices of various cryptocurrencies are showing an upward trend.

There is also good news from the industry. New Hampshire in the United States has passed a strategic Bitcoin reserve bill, authorizing the state treasurer to purchase Bitcoin or large digital assets, with a holding limit of 5% of total reserve funds. The new SEC chairman has clearly stated that he will prioritize establishing a reasonable regulatory framework for the crypto market. A certain asset management giant is reportedly discussing an ETH staking proposal with the SEC, further boosting market confidence.

Against this backdrop, a certain trading platform has been included in the S&P 500 index, becoming the first encryption company to enter this index, marking another achievement in the mainstreaming process of the industry. Established in 2012, this trading platform has experienced several bull and bear markets over the past 13 years and has become an important window for traditional finance to observe the crypto industry.

In 2021, the trading platform successfully went public, with the stock price once soaring to $429.54. Subsequently, it fluctuated with the industry cycle, dropping to a low of $33.26 during the trough in 2023, but has strengthened again this year. Following the news of being included in the S&P 500, the company's stock price surged 24% on the first day, closing at $256.90.

This milestone event may not directly drive the market in the short term, but it is significant in the long run. It represents mainstream market recognition of the encryption industry and lays the foundation for the integration of the industry with traditional finance. This will not only bring new capital inflows but also enhance the overall awareness of the encryption industry, attracting more traditional investors.

At the same time, this will further drive the IPO boom in the encryption industry. Currently, several crypto companies are advancing their listing plans, and the success of a certain trading platform has undoubtedly set a benchmark.

In Hong Kong, enterprises and institutions are actively positioning themselves in the encryption field, especially focusing on the RWA (real-world assets) track. Following the Hong Kong Monetary Authority's launch of the tokenized sandbox pilot, the development of RWA in Hong Kong has accelerated once again.

Large tech companies are entering the arena one after another. A blockchain technology company under a major e-commerce giant has begun to form a team related to RWA and is collaborating with a licensed virtual bank to explore cross-border payment solutions based on stablecoins. Another tech giant has completed the country's first RWA case involving 200 million yuan based on photovoltaic physical assets.

Exchanges and financial institutions are also actively promoting. A local blockchain company in Hong Kong has reached RWA on-chain cooperation intentions with over 200 institutions. Several brokerages and fund companies are also launching tokenized securities and encryption-related services.

Overall, whether it is the IPOs of American encryption companies or Hong Kong's promotion of RWA, it reflects the positive attitude of enterprises and institutions towards the crypto market. However, due to the differences in the regulatory environment, the methods of participation vary slightly in different regions.

The United States has a relatively clear regulatory environment, making market participation more direct. Institutions are buying ETFs in large quantities, becoming a major support for coin prices; publicly listed companies are attempting to purchase encryption currencies to boost their stock prices; and large payment companies are laying out related businesses through stablecoins.

In contrast, Hong Kong's regulation is stricter and more prudent. Enterprises and institutions tend to follow compliance principles and develop in the field of encryption-related areas through business expansion. Although ETFs in Hong Kong are also thriving, their overall influence remains limited.

As the mainstream acceptance of encryption assets continues to increase, it is expected that more enterprises and institutions will enter this field. Funds, attention, and resources will continue to flow into the market, and this wave of institutional FOMO has just begun.