What happened in cryptocurrencies last week?
• Bitcoin is trading at $84,000, up 10%
• Ethereum is trading at $1,600
• OM token crashed by over 90%, with Mantra blaming centralized exchanges
• Markets rebounded after Trump paused tariff enforcement for 90 days
• Paul Atkins, a crypto advocate, was appointed as the new head of the U.S. Securities and Exchange Commission
• The U.S. Securities and Exchange Commission approved options trading on Ethereum spot ETFs
• Trump signs the first U.S. cryptocurrency bill, eliminating the DeFi broker rule from the Internal Revenue Service
• China responded with a 125% tariff after the U.S. raised tariffs on China to 145%
• 130 countries are negotiating new trade agreements with the United States
• Markets are volatile as investor confidence wavers due to tariffs and trade uncertainty