🔥 Key Takeaways
- Crypto market sells off amidst Trump’s tariff turmoil, with majors like BTC, ETH, and SOL experiencing losses.
- $Trove falls 90% in its TGE, while Pump Fund is announced.
- NYSE begins preparations for 24/7 tokenized stock and ETF trading.
- Bermuda outlines plans for a fully onchain national economy, partnering with Coinbase and Circle.
- Vitalik Buterin calls for more sophisticated DAO governance models.
Crypto Market Sells Off Amidst Trump Tariff Turmoil
The crypto market is experiencing a significant sell-off, with majors like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experiencing losses. BTC is down 2% at $91,100, ETH is down 4% at $3,105, and SOL is down 3% at $129. This sell-off comes amidst the Trump tariff turmoil, which has caused a stir in the global markets.
$Trove Falls 90% in Awful TGE
In a shocking turn of events, $Trove has fallen 90% in its TGE (Token Generation Event). This significant drop has left investors reeling, and the project’s future is now uncertain. Meanwhile, Pump Fund has been announced, which aims to provide support to projects experiencing difficulties in the market.
NYSE Begins Preparations for 24/7 Tokenized Stock and ETF Trading
The New York Stock Exchange (NYSE) has begun preparations for 24/7 tokenized stock and ETF trading. This move is seen as a significant step forward for the adoption of blockchain technology in traditional finance. The NYSE’s plans will allow for the creation of tokenized versions of traditional assets, making it easier for investors to access and trade them.
Bermuda Outlines Plans for Fully Onchain National Economy
The government of Bermuda has outlined plans for a fully onchain national economy, partnering with Coinbase and Circle to develop payments, identity, and tokenized financial infrastructure. This ambitious project aims to create a blockchain-based economy that is transparent, efficient, and secure.
Vitalik Buterin Calls for More Sophisticated DAO Governance Models
Vitalik Buterin, the co-founder of Ethereum, has called for more sophisticated DAO (Decentralized Autonomous Organization) governance models. Buterin argues that current DAO governance models are lacking in accountability, coordination, and long-term sustainability. He believes that more advanced models are needed to ensure the success and growth of DAOs.
Corporate Treasuries and ETFs
The BTC ETFs saw $394M in net outflows on Friday, breaking a 4-day inflow streak. ETH ETFs, on the other hand, stayed green with $4.7M in inflows. Steak ‘n Shake revealed roughly $10M in Bitcoin exposure alongside the creation of a corporate BTC strategic reserve.
Memes and Onchain Movers
Meme majors were red along with majors, with Doge down 1%, Shiba down 1%, PEPE down 2%, TRUMP down 1%, Bonk down 1%, Pengu down 4%, SPX down 12%, WIF down 1%, and Fartcoin down 8%. USOR (+70%), GSD (+50%), and Eliza Town (+800%) led onchain movers.
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