#WCTUpdate

Recent Crypto Market Trends

- *Bitcoin Price*: Bitcoin recently experienced a flash crash, dropping over 20% due to bearish macro factors, including unexpected CPI print and escalating tensions in the Middle East. However, there are signs of market stabilization and potential rebound.

- *Market Capitalization*: The total crypto market capitalization stands at around $2.65 trillion, with Bitcoin dominating the market.

- *Altcoin Performance*: Altcoins have seen mixed movements, with notable gains in Ethereum (ETH), Solana (SOL), and Cardano (ADA), each surging by approximately 5% ¹ ².

Key Crypto News

- *Ripple and Chainlink Partnership*: Ripple and Chainlink are teaming up to launch RLUSD, a dollar-pegged stablecoin, on both Ethereum and the XRP Ledger.

- *SEC's Decision on Stablecoins*: The SEC has dropped its lawsuit against Paxos, determining that BUSD, the Binance-branded stablecoin, is not a security. This decision implies that stablecoins like USDC, USDP, and PYUSD are not securities.

- *Bitcoin ETFs*: Bitcoin ETFs have attracted $1.1 billion in a single day, pushing their total 2025 inflows to $1.75 billion in just two trading days ¹ ³.

Top-Performing Cryptos

- *TON Coin (TON)*: Surged due to a partnership creating an accelerator fund for its ecosystem, with potential resistance at $1.8.

- *Optimism (OP)*: Gained from a technical upgrade and the ECC conference, struggling at $1.7 resistance.

- *Celestia (TIA)*: Pumped due to the modular Summit conference and related developments, facing resistance at $7 .