Macroeconomics has not cooled down, and cryptocurrency prices

Although the political tensions between Iran - Israel and the US have not shown any signs of abating, the cryptocurrency market has slightly adjusted in the past week, with many major altcoins returning to old support levels, while Bitcoin has returned to the $103,000 area.

However, there are still bright spots in the legal landscape to look forward to, such as the US Senate approving the GENIUS stablecoin bill, as well as receiving strong support from the Trump administration, the accumulation trend of large organizations continues, plus the prospect of altcoin ETFs is wide open.

๐Ÿ“„ News

Focus ๐Ÿ”ฅ

  • Fed keeps interest rates unchanged, predicts 2 cuts in 2025

  • Crypto buys: Strategy ($1.05 billion), Metaplanet ($117 million), The Blockchain Group ($19.6 million), Bitcoin ETF ($1.1 billion)

  • Crypto fund companies: Fold Holdings ($250 million), Eyenovia ($50 million), Lion Group ($600 million)

  • US Senate passes GENIUS stablecoin bill, President Trump urges House

  • Iran's largest crypto exchange hacked for $81.7 million, traces left behind to denounce tensions with Israel

Big Cap ๐Ÿ’Ž

  • Bitcoin ETF accounts for 25% of global BTC trading market share

  • Cost of mining a Bitcoin has risen above $70,000

  • Altcoin ETF approval rate raised 90-95%

  • Binance changes Alpha scoring method after ZKJ and KOGE dump

  • EigenLayer launches EigenCloud, receives $70 million from a16z

DeFi and Layer 2 ๐Ÿฆ„

  • Kraken's Layer-2 announces INK token

  • Spark airdrops 3% of total SPK token supply to community

  • Bybit launches Byreal, its own DEX running on Solana

  • Meta Pool liquid staking protocol hacked for $27 million

NFTs, GameFi, Metaverse and SocialFi ๐Ÿ–ผ ๐ŸŽฎ๐ŸŒ

Major organizations ๐Ÿ’ฐ

  • JPMorgan files for โ€œJPMDโ€ trademark for crypto payment service

  • Tron wants to IPO in the US, set up separate company with Trump family

  • Trump's Truth Social files for Bitcoin โ€“ Ethereum ETF

  • Trump family is quietly withdrawing capital from World Liberty project Financial

Legal & Adoption โš–๏ธ

  • Brazil imposes 17.5% flat tax on crypto

  • US seizes $225 million in crypto from 'pig butchering' scam

  • South Korea opens door to crypto ETFs and stablecoins

  • Arizona revives crypto reserve bill after re-vote

  • Chinese e-commerce giant JD.com wants to make stablecoins

  • Reddit considers adopting World's retina-scanning technology