Federal Reserve Chair Jerome Powell has indicated that the impact of recent tariff increases will be significantly larger than previously anticipated, causing concern in financial markets. This statement comes as major cryptocurrencies like Bitcoin and Ethereum experience gains, with Bitcoin reaching $85,000, up 5%. Additionally, the Bitcoin hashrate has reached an all-time high. In the cryptocurrency sector, Base, a platform, has launched a new memecoin named 'Base is for everyone', which briefly exceeded a $22 million market cap before settling at around $11.6 million. The launch has received significant attention and backlash within the crypto community, with the memecoin experiencing a 170% increase and being one of the best performing memecoins over the last 24 hours. Meanwhile, Raydium has introduced LaunchLab, a competitor to Pump Fun, signaling increased competition in the decentralized finance space. HYPE and SOL are leading Layer 1 blockchains in this context. Additionally, OpenSea has debuted a new feature allowing cross-chain minting in any native currency, further expanding its capabilities in the NFT market.