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Market Updates
- *Bitcoin Price*: Bitcoin's price has surged to a new all-time high, climbing above $111,000 before slightly falling. This surge has sparked interest in other cryptocurrencies.
- *Solana Price*: Solana's price is predicted to rally to $260, but it needs to break through a tough overhead resistance level first.
- *XRP Price*: XRP's price action is painting a classic bullish continuation pattern, with a potential profit target of $14.¹ ²
Regulatory News
- *US Crypto Regulation*: The US Senate is pushing forward legislation to regulate cryptocurrencies, including a landmark bill known as the GENIUS Act that proposes a regulatory framework for stablecoins.
- *Michigan Crypto Bills*: Michigan lawmakers have introduced four crypto-related bills covering crypto mining, central bank digital currencies, and crypto in state retirement funds.³ ⁴
Adoption and Innovation
- *Kraken Tokenized Stocks*: Kraken will offer tokenized versions of major US stocks, but not for US clients, through a partnership with Backed on the Solana blockchain.
- *DeLorean Electric Vehicle Reservations*: DeLorean is launching an on-chain reservation system and marketplace on Sui, giving users priority access to its upcoming electric vehicle.
Other News
- *Trump Crypto Dinner*: US President Donald Trump hosted a closed-door dinner for hundreds of top investors in his crypto memecoin, sparking criticism from Democratic opponents who slammed the event as "blatant corruption".
- *Cetus Protocol Hack*: Sui-based DEX Cetus has been hit by a suspected hack, with over $200 million in potential losses.