🔥 Key Takeaways
- Crypto majors experienced a downturn following Trump’s tariff turmoil, with Bitcoin (BTC) down 2% at $91,100.
- The NYSE began preparations for 24/7 tokenized stock and ETF trading, signaling a potential shift towards increased adoption of digital assets.
- Steak ‘n Shake revealed a $10M Bitcoin exposure and the creation of a corporate BTC strategic reserve, demonstrating growing institutional interest in cryptocurrencies.
Trump Tariffs 3: Return of the Bull Market?
The cryptocurrency market experienced a downturn following the announcement of Trump’s tariffs, with major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experiencing significant losses. However, despite the short-term volatility, there are indications that the market may be poised for a potential bull run.
NYSE Tokenising: What it Means for $Hype
The New York Stock Exchange (NYSE) has begun preparations for 24/7 tokenized stock and ETF trading, marking a significant milestone in the adoption of digital assets. This move is expected to increase accessibility and liquidity in the market, potentially leading to increased demand for cryptocurrencies such as Bitcoin and Ethereum.
Claude Meme Meta: Meme Majors in the Red
Meme majors, including Doge, Shiba, and PEPE, experienced losses alongside major cryptocurrencies, with some experiencing double-digit declines. However, onchain movers such as USOR, GSD, and Eliza Town saw significant gains, demonstrating the potential for smaller, lesser-known cryptocurrencies to experience rapid growth.
Institutional Interest on the Rise
Steak ‘n Shake’s revelation of a $10M Bitcoin exposure and the creation of a corporate BTC strategic reserve demonstrates growing institutional interest in cryptocurrencies. This trend is expected to continue, with more companies exploring the potential benefits of investing in digital assets.
Bermuda’s Onchain Economy
Bermuda has outlined plans for a fully onchain national economy, working with Coinbase and Circle on payments, identity, and tokenized financial infrastructure. This move is expected to increase the adoption of digital assets and provide a model for other countries to follow.
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