According to Lennix Lai, OKX Chief Commercial Officer, institutional buying is making $3,000 ETH increasingly likely, with ETH outperforming BTC and accounting for 45.2% of perpetual futures volume. Glassnode analysts report long-term holders are accumulating BTC despite volatility, with over $930 million in daily profits realized. CryptoQuant data shows the stablecoin market hit a record $228 billion, with Tron leading inflows of over $6 billion in May. Scott Duke Kominers from a16z Crypto argues crypto rails are essential for AI agent interoperability. DappRadar indicates Web3 gaming is declining due to lack of engaging gameplay, with venture funding plummeting to $9 million. Market movements include BTC down 2% after failing to hold $110K and ETH up 5% to $2,800.

According to Lennix Lai, OKX Chief Commercial Officer, institutional buying is making $3,000 ETH increasingly likely, with ETH outperforming BTC with an 11% monthly gain versus 5%, driven by ETH accounting for 45.2% of perpetual futures trading volume compared to BTC's 38.1%, as per Lai. Glassnode analysts noted that long-term BTC holders are accumulating despite realizing $930 million daily profits, indicating strong institutional conviction outweighing distribution. The stablecoin market reached a record $228 billion, with Tron leading with $6 billion in net inflows in May due to fast finality and integrations, according to Presto Research. Scott Duke Kominers emphasized that crypto blockchains are essential for AI agent interoperability, enabling cross-agent transactions via projects like Halliday. DappRadar reported Web3 gaming dominance fell to 19.4% amid a funding drop to $9 million, attributed to a lack of engaging gameplay.