Crypto market update โ here are the latest headlines making waves right now ๐๐
โข USDC Treasury minted nearly 250 million new USDC, signaling continued stablecoin demand and rising on-chain liquidity.
โข Cerebras had a huge Nasdaq debut, with shares nearly doubling after its IPO launch.
โข Bybit expanded institutional crypto options trading through a new Orbit Markets RFQ integration.
โข The US Dollar moved higher as traders increased expectations of another rate hike, while markets also watch Trumpโs China visit closely.
โข The Elon Musk vs. Sam Altman legal battle continues, with attention now turning to what the jury will actually decide.
โข Shiba Inu (SHIB) has dropped around 60% over the past year, but AI analysts believe a strong ecosystem push or major burn event could revive momentum.
โข USD/JPY climbed back above 158 as traders remain alert for possible Japanese market intervention.
โข Nigel Farageโs crypto-related property purchase has sparked fresh regulatory discussions in the UK.
โข Fed official John Williams said the US job market is stabilizing, though inflation uncertainty still remains.
โข Hana Financial Group invested $725 million for a 6.55% stake in Dunamu, the company behind South Koreaโs major crypto exchange Upbit.
โข Circle minted another 250 million USDC, highlighting continued stablecoin supply expansion.
โข The British Pound weakened despite positive UK GDP data, as political concerns around the Labour Party pressured sentiment.
โข The New Zealand Dollar slipped to fresh session lows ahead of key PMI and PPI economic data releases.
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