BTC is currently trading around $86,700 and ETH around $2,000. Notable gainers in the last 24 hours are PEPE, SHIB and MKR. The global crypto market cap is $2.94T, down 0.9% over the last day. DeFi Total Value Locked is ~$100b and BTC dominance is around 62%.
Equity markets are mixed with US equities lower on tariff worries after reports that the Trump administration is preparing an announcement on auto sector levies, and following the lowest Conference Board consumer confidence reading in 12 years. Meanwhile, crypto markets are little changed.
Notable news includes: the US SEC shared plans to host four more crypto-focused roundtables following last Friday’s on security status; the SEC dropped its investigation into crypto gaming firm Immutable; the US FDIC announced it’s moving to end the use of reputational risk as a way to supervise banks following criticism from the crypto industry and a similar move by the OCC; video game retailer GameStop announced plans to add Bitcoin as a treasury reserve asset; crypto exchange Bitso launched a stablecoin pegged to the Mexican peso; Crusoe Energy announced it intends to sell its Bitcoin mining business to NYDIG as it narrows its focus on AI; Ethereum’s final Pectra upgrade test went live on the Hoodi testnet; USDC supply surpassed its previous all time highs reaching over $60b; Celo completed its transition from an independent layer 1 to an Ethereum layer 2; Polymarket’s market resolution mechanism received criticism from its community following an unexpected outcome caused by a governance attack; Hyperliquid delisted JELLY perps citing suspicious activity; and, viral app developer Nikita Bier joined Solana as an advisor.
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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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