This is the fastest the crypto news cycle has ever moved. And today we had some HUGE updates which will affect the industry forever.
If you missed the past 24 hours in crypto, here's your full recap - no fluff, just facts.
๐จ---- Major Headlines ----๐จ
โ
$BTC dips back under 100K after briefly deviating above on yesterdays bounce.
โ The tariff war escalates as China imposes new tariffs on US goods. Today's meeting has been canceled, with a new time still TBD.
โ Trump's crypto czar, David Sacks, hosts a digital asset press conference, stating he is evaluating the feasibility of a
$BTC reserve as instructed by President Trump.
โ During the press conference, Sacks emphasizes the importance of stablecoin regulation, highlighting its role in maintaining USD dominance worldwide.
โ
@SenatorHagerty introduces the GENIUS Act, a bill aimed at establishing a clear regulatory framework for stablecoins.
โ The SEC crypto task force website is now live, outlining its mission to provide clear and concise crypto regulations.
โ The SEC releases a 10-point list detailing the task force's initial objectives, including defining token security status.
โ Repayments from the FTX collapse are now scheduled to go out in two weeks.
โ Tether Treasury minted $1,000,000,000
$USDT on Tron.
โ
@arkham updates Satoshi Nakamoto's wallet holdings, adding 22,000 known wallets, bringing the total to 1,096,354 known
$BTC.
๐--- Altcoin Market Updates ---๐
โ Overall, itโs a bloody day for altcoins, with the OTHERS market cap dipping to $270B and
$BTC dominance hovering around 61%.
โ Despite the market-wide pullback, the RWA sector shows resilience, experiencing only a -3% average decline, while other sectors face heavy losses.
๐ Top mindshare gainers include L2s at 0.90% and DeFi at 0.45%.
๐ The AI agents narrative sees the highest price drawdown, averaging -7.7%.
๐ Notable price performance losers primarily come from the AI sector, with
$BASED down -20.5% and $FARTCOIN down -20.3% as the top losers.
โ Bridged funds are now 2x higher from ETH to
$SOL than from SOL to
$ETH, hinting at a slight rotation towards Solana.
โ
$SUI DEX volume hits an all-time high for the 8th consecutive month.
โ
$ONDO announces plans to expand tokenisation beyond treasuries to include stocks, bonds, and ETFs.
โ
$INJ reveals a major rebrand aimed at addressing on-chain finance.
โ The
$PENGU airdrop claim ends tomorrow; any unclaimed tokens will be burned. Make sure to check your eligibility to avoid losing your tokens.
If you enjoyed this daily roundup, make sure to follow me
@milesdeutscher - I'll see you tomorrow.