What Happened in Crypto Today: Ethereum Rise, Axelar Token Jump

What Happened in Crypto Today? ETH, Alexar, Trade Deal, Stablecoin Law

Today was wild in the crypto world! From Axelar's surprise price boom to Ethereum’s rally and new laws in South Korea — everything moved fast. Add in US-China talks and Bitcoin’s big goal? You won’t believe how it all connects! Let’s see the glimpses of 5 major breakouts in today’s crypto market.

1. Axelar Token Jumps 90% in One Day — What Happened?

Axelar AXL price shocked the crypto market by jumping 90% in just 24 hours, now trading at $0.5950. Its trading volume exploded by 3793%, crossing $339 million. This big move came after Axelar launched a bridge for the Sui blockchain, which improved cross-chain support. 

Also, Korea’s top exchange, Upbit, listed AXL, letting users trade it in KRW and USDT. That brought new demand, especially from Korean investors. CoinMarketCap shows 86% of the community is now bullish, and Axelar’s market cap has reached $584 million.

2. Ethereum Rises After BlackRock Buys $500M in ETH

Ethereum price jumped from $2,488 to $2,681 in one day, according to CoinmarketCap. This unexpected price spike came off the back of BlackRock purchasing $500 million in ETH significantly increasing investor confidence. Their ETHA fund now holds a total of 1.5 million ETH, reflecting an extraordinary vote of confidence. 

Finally, the Shanghai upgrade allows all holders of ETH to unstake some ETH if they choose, contributing to greater confidence in the entire network. 

3. South Korea Plans Stablecoin Law Backed by Korean Won

South Korea is planning a new law to regulate digital assets, especially stablecoins backed by the Korean won. The bill, introduced by Min Byeong-deok, requires projects to have 500 million KRW in capital. 

This will help launch safe and trusted stablecoins for everyday use. A new Digital Asset Committee will also be set up under the president to supervise everything. 

4. US-China Trade Talks Push Crypto Market Up Today

Crypto prices are rising as the US and China hold trade talks in London. Officials from both countries said the meetings have been “fruitful,” especially around tech exports and rare earth supplies. The US may ease some rules if China agrees too. 

If trade improves, investors feel safer — and that’s boosting crypto confidence. Meanwhile, China’s exports to the US dropped 34% in May, showing trade tension impact. 

5. Altcoin Season 2025 May Start Soon as Bitcoin Slows

Bitcoin is aiming for a $244K target, but altcoins may soon take the spotlight. The Altseason Index now shows a score of 25 — the same level seen before past altcoin rallies. Experts believe we’re entering a very strong cycle, where smaller coins could gain big. 

Bitcoin’s dominance is falling, and many altcoins are showing green signs. If history repeats, altcoin season might explode fast and short. Charts, past data, and price trends all say one thing — be ready, because the next crypto wave may be near.

Conclusion

Whether it's Ethereum, altcoins, or just checking what's buzzing today -- it's evident there's a tremendous amount of shifts taking place in the crypto space. Recent government laws, large purchases and worldwide conferences are changing the market quickly. Be aware because this could be the start of something larger.