Cryptocurrency markets experienced volatility amid escalating geopolitical tensions between Iran and Israel, with Bitcoin (BTC) fluctuating around $104,000 to $106,000 and Ethereum (ETH) near $2,500. The US Senate passed the GENIUS Act, which is expected to bring substantial capital—estimated at $3.5 trillion to $3.7 trillion—into the crypto sector. Coinbase has sought SEC approval to offer tokenized stock trading and launched 'Coinbase Payments' for merchants using USDC on the Base blockchain. JPMorgan engaged with a crypto task force to integrate capital markets on-chain and initiated a pilot for JPMD on Base. Meanwhile, the Federal Reserve maintained interest rates unchanged following its recent meeting. The Trump family reduced its stake in Worldcoin (WLFI) as the token approached a $1 billion premarket valuation. Additionally, a major data breach compromised 16 billion passwords, prompting Tether's CEO to hint at an upcoming open-source password manager. Meme cryptocurrencies saw a 12% market cap decline amid these developments, with some tokens like PumpFun experiencing temporary bans and recoveries. Ripple's XRPL network and Ethereum remain favored by institutional investors, while the U.S. Treasury Secretary stated that cryptocurrencies do not threaten the US dollar. Discussions around FalconX's potential IPO are also underway.
🚀 Week in Memes: FOMC and Geopolitical Jitters Halt Meme Recovery. Meme cap drops 12%! Pepe, Brett, and FARTCOIN get wrecked! Pump(.)fun gets banned, then unbanned! Aura rallies 120% after getting CTO’d?! Let’s break down this week’s meme mayhem 🧵 1/6 https://t.co/h0iTdJK6ot
🟥 Things I’m looking at today 🟥 Crypto edges higher, Trump family reduces WLFI stake, PumpFun token delayed Crypto * BTC: 106k (+1%), ETH: 2550 (+1%), SOL: 148 (+1%) * Top Gainers: KAIA, SEI, GT, BCH, STX * BTC ETFs: $0mn, ETH ETFs: $0mn * Crypto edges higher on volatile https://t.co/7BPS9hw26y
Going live for FOMO HOUR in 30 minutes! It's Fartcoin Friday and we're talking: -Weekend crypto rally -CRCL and the crypto stock trade -Why memes are lagging + big Yeet action + a lot more Join us live at 10 am ET! https://t.co/9zUvoRELtb