📈 Market Highlights

Bitcoin (BTC) reached a record high of $111,970 earlier this week but has since dipped to around $108,874. Despite the pullback, BTC maintains a 19% gain year-to-date. The surge was fueled by the breakout of spot Bitcoin ETFs, including the iShares Bitcoin Trust, and legislative advancements such as Hong Kong's stablecoin bill and the U.S. Senate's GENIUS Act for regulating dollar-pegged tokens.

Ethereum (ETH) is trading at approximately $2,562.12, having experienced a recent decline. Analysts note that ETH is forming a bull flag on the daily chart, with a potential breakout above $3,600 if it reclaims the 2-week high.

Altcoins such as BNB, XRP, and Cardano (ADA) have also seen declines:

BNB: $667.46 (-2.03%)

XRP: $2.36 (-2.88%)

ADA: $0.776 (-3.63%)

---

📰 Top News Stories

Coinbase Data Breach: Coinbase experienced a significant data breach, affecting nearly 70,000 users and potentially costing up to $400 million. The breach has raised concerns about security in the crypto industry.

Crypto Game Shutdown: Ethereum-based MMO game Ember Sword has shut down four years after raising $203 million in NFT land sales. The developer, Bright Star Studios, cited challenges in sustaining the game's development.

Trump's Crypto Dinner: Former President Donald Trump hosted a dinner for top holders of his $TRUMP meme coin, which has raised ethical concerns due to the involvement of foreign nationals among the attendees.