BTC is currently trading around $86,400 and ETH around $1,900. Notable gainers in the last 24 hours are EOS, DEXE and BONK. The global crypto market cap is $2.87T, up 1.0% over the last day. DeFi Total Value Locked is ~$96b and BTC dominance is around 63%.
Equity markets are mixed with US equities rebounding higher ahead of today’s tariff announcements. Crypto markets, meanwhile, are little changed.
Notable news includes: the US SEC and Gemini requested a 60-day pause in their lawsuit to explore a potential resolution; the UK’s FCA approved BlackRock’s crypto asset firm registration and granted Galaxy Digital a license to execute derivatives through its London office; Fidelity Investments rolled out a new IRA plan that enables investors to make tax-advantaged crypto investments; VanEck launched an exchange traded product tracking TIA in Europe; Japanese financial group SMFG is reportedly planning to launch a stablecoin in partnership with blockchain technology firm Ava Labs; GameStop wrapped up its $1.5b convertible senior note sale and confirmed plans to use part of the proceeds to purchase Bitcoin for its treasury; Sony Singapore added stablecoin payments in partnership with Crypto.com; Kraken secured a restricted dealer registration in Canada; Circle filed for an IPO with plans to list on the New York Stock Exchange; Bitcoin miner Bitfarms entered into a $300m loan agreement with Macquarie Group to expand its HPC data centers; FDUSD experienced a depeg after Justin Sun raised concerns over First Digital’s solvency; Ripple integrated its stablecoin RLUSD into its cross-border payments system Ripple Payments; Solana DEX aggregator Jupiter acquired digital collectibles platform DRiP Haus to bolster its NFT capabilities; Sentient released OpenDeepSearch, an open source framework that enables AI agents to search the internet; and, Sei established the Sei Development Foundation, a New York based nonprofit focused on institutional adoption.
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Author:
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Brian Rudick, Head of Research | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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