BTC is currently trading around $95,900 and ETH around $2,650. Notable gainers in the last 24 hours are TRUMP, QNT, and LDO. The global crypto market cap is $3.28T, down 1.2% over the last day. DeFi Total Value Locked is ~$109b and BTC dominance is around 61%.
Markets are mixed despite a hot US wholesale price reading and a forthcoming 1pm EST press conference where Trump is expected to announce reciprocal tariffs on US trading partners.
Notable news includes: US regulators advocated for relaunching a CFTC-SEC Joint Advisory Committee to collaborate on crypto regulation; Texas refiled legislation to create a state-level strategic reserve with tokens beyond just Bitcoin; South Korea’s FSC announced a forthcoming phased approach to enable corporations to trade crypto; Coinbase sought regulatory approval to reopen operations in India; MetaPlanet completed a bond issuance to buy Bitcoin; JP Morgan claimed that Tether may need to sell some reserves to comply with US stablecoin rules; Taurus launched a Solana-based custody and tokenization platform; tokenization protocol Midas introduced Liquid Yield Tokens linked to actively managed DeFi funds; CBOE filed to enable staking on a spot Ethereum ETF; Bitcoin miner Riot tapped advisors to explore HPC data center services; the Ethereum Foundation allocated $120m to DeFi protocols; Solana moved to pay 100% of priority fees to validators from 50% previously; OpenSea confirmed its upcoming token airdrop; and, MegaETH concluded its Fluffle NFT mint token sale.
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Author:
Brian Rudick, Head of Research | Twitter, Telegram, LinkedIn
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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