📉 Crypto Market: Correction driven by trade tensions
The crypto market is experiencing a significant correction following President Trump's threats to impose tariffs of 50% on EU imports and 25% on iPhones made outside the U.S. This news triggered liquidations of over $300 million in leveraged positions, particularly affecting Bitcoin and altcoins like Ethereum and Solana.
🏦 Institutional investments: Semler Scientific and ETFs
Semler Scientific acquired an additional 455 $BTC , raising its holdings to $466 million, despite facing a legal investigation. Moreover, Bitcoin and Ethereum ETFs recorded combined inflows of over $1,000 million in a single day, highlighting the growing institutional interest in crypto assets.
🧾 Regulation in the U.S.: Legislative advances
The U.S. Senate moved forward in discussing the GENIUS bill, which aims to establish a regulatory framework for stablecoins. Simultaneously, the Blockchain Regulatory Certainty Act was reintroduced, seeking to provide legal clarity to developers and service providers in the crypto ecosystem.
🛠️ Technology: Venom Foundation and WalletConnect
The Venom Foundation successfully completed a closed network stress test, achieving 150,000 transactions per second, paving the way for its mainnet upgrade in 2025. On the other hand, WalletConnect launched its token $WCT on the Solana network, accompanied by an airdrop of 5 million tokens for active users.
🎭 Politics and crypto: Trump's dinner with memecoin holders
Former President Donald Trump hosted an exclusive dinner for the top holders of his memecoin $TRUMP . The event sparked controversy, with protests and calls for an investigation by members of Congress, who allege possible violations of the emoluments clause of the Constitution.
💬 Comment and I will provide more details.
🔁 Share if you found it useful.
❤️ Follow me for more analysis and daily reports.
#TrumpTariffs #MarketPullback #TrumpDinner
