⏰ Main News:
Major cryptocurrencies fell sharply after Trump's comments on EU taxes; BTC decreased to 108,000 USD
Many large banks like Chase and BoA are collaborating to develop a stablecoin project
Kraken will bring crypto stock trading to Solana
Jupiter introduces new lending product "Lend"; HYPE leads the altcoin growth group
CFTC Commissioner hints at imminent approval of perp futures for crypto
🌎 Macro Crypto & Memes:
The crypto market turned red after Trump's comments on EU taxes; BTC -1% at 108,500 USD, ETH -3% at 2,550 USD, XRP -2% at 2.37 USD, SOL unchanged at 178 USD
Leading altcoins include: WLD (+23%), HYPE (+19%), FET (+15%), JUP (+14%)
Top banks in the US like JPMorgan and Bank of America are considering collaboration to develop a stablecoin to compete with Circle and Tether
Outgoing CFTC Commissioner Summer Mersinger revealed the possibility of approving perpetual futures products for crypto in the US to enhance market efficiency
Cetus, Sui's largest DEX, was exploited causing 200 million USD in damages after the attacker manipulated the liquidity pool
Wormhole will support the bridge from Dogecoin to Solana
Saylor's MicroStrategy plans to raise an additional 2.1 billion USD to buy Bitcoin through preferred stock issuance
Kraken will offer over 50 stocks and ETFs listed in the US as “xStocks” crypto assets on Solana, trading 24/7 for users outside the US
Senator Bill Hagerty believes the GENIUS Act will drive demand for US government bonds by requiring stablecoins to be backed 1:1 by liquid assets
Over 100 protesters opposed Trump's memecoin party; meanwhile, the Democratic Party introduced the “Stop TRUMP in Crypto Act 2025” bill banning the current president and relatives from owning or profiting from crypto
😆 Meme Coins:
Memecoins surged: DOGE +2%, Shiba +2%, PEPE +8%, TRUMP -11%, BONK +12%, FARTCOIN +5%
Launchcoin dropped 5% to 320 million USD after multiple conflicting statements from founder Believe App; LAUNCHCOIN's market cap remains at 185 million USD
KING surged 1,000% to 10 million USD on Solana; Moonpig (+35%), Labubu (+40%), TROLL (+40%), Useless (+45%) are also standout names
GIB (+7,500%) and Hoodrat (+85%) are notable microcaps
Robinhood announced support for Moodeng and MEW trading
💰 Tokens, Airdrops & Protocols:
Jupiter launches a new lending product "Lend" using Fluid: competitive interest rates, high loan ratios, smart debt, and optimal collateral; expected to launch Summer 2025
Plasma receives strategic investment from Peter Thiel's Founders Fund for a blockchain project focusing on stablecoins
Kamino introduces "Lend v2" featuring automated vaults, modular market infrastructure, margin trading, real-world assets (RWA), and more
Ondo launches the “Ondo Global Markets” platform allowing public securities to trade on-chain via Solana
Farcaster adds support for Solana
Infinex announces the Yaprun Season 1 leaderboard
🤖 AI x Crypto:
Total market capitalization increased by 5% to 12.2 billion USD, with many tokens surging
FARTCOIN (+4%), VIRTUAL (+8%), ai16z (+5%), FAI (-4%), AIXBT (+2%)
SPLAT (+50%), DIS (+40%) and VADER (+20%) are the top movers
Virtual leads in brand recognition with 23% market share; followed by Fartcoin and COOKIE
Vader launches the VIRGEN token on Virtuals, a new AI meme, rising 360% in a day to 14 million USD
🚚 What's New in NFTs?
NFTs on ETH remained stable along with crypto: Punks held at 46.99 ETH, Pudgy down 1% to 9.33 ETH, BAYC held at 127 ETH
NFTs on BTC primarily declined: Taproot Wizards -1% at 0.19 BTC, Bitcoin Puppets -2%, NodeMonkes and Quantum Cats unchanged
Abstract art NFTs fluctuated, led by Abstract Firsts (+15%)
Kraken announces the integration of Runes, allowing the listing of any Runes token
Pudgy Penguins CEO – Luca Netz teases the brand's “biggest moment” will come in 2025
