🗞️ Crypto Headlines:
1. Bitcoin makes fresh highs:
• BTC smashed above $112,000 intraday, reaching a new all-time high. This has been driven by enormous short liquidations and increasing institutional buying.
• The overall crypto market cap has risen back to approximately $3.47 trillion, with security issues remaining.
2. Ethereum also rallying:
• ETH jumped about 7%, breaking above $2,700–2,800, backed by good momentum and bullish technical indicators.
• Crypto is likely more to avoid than to own now, says financial advisor Ric Edelman, indicating portfolio ranges of 10–40% in crypto.
3. GMX exploit—$40 million stolen:
• A large-scale exploit struck GMX's Arbitrum/Avalanche liquidity pools, triggering trading and GLP minting halts after $40 million was siphoned.
4. Altcoins in the spotlight:
• XRP breaks through resistance before Ripple's Swell conference in NYC. Some even predict the $10 level at year-end.
• Dogecoin bounces back around 6.1% to ~$0.18 on indications of fresh bullish strength.
5. Trump Media seeks crypto ETF:
• Trump Media & Tech Group has filed an S-1 with the SEC for a Truth Social Crypto ETF, consisting mainly of 70% BTC, along with ETH, SOL, CRO, XRP, in conjunction with Crypto.com.
6. Global & institutional trends:
• Pakistan's central bank is initiating a pilot of its own retail CBDC, with virtual asset regulation law approaching completion.
• Australia's RBA is pushing forward with its Project Acacia wholesale CBDC pilot, looking into stablecoins and real-money settlements.
#BTCBreaksATH #TrumpTariffs #TruthSocialCryptoBlueChipETF #altcoins #CBCD
