Cryptocurrency Markets

Trump has announced a U.S. Crypto Reserve, including BTC, ETH, XRP, SOL, and ADA, triggering a major market rally. Bitcoin surged past $94K, Ethereum jumped 11.8%, and XRP exploded 32.7% to $2.85. The White House Crypto Summit is set to provide further policy details.

The SEC has dropped its investigation into Gemini, part of a broader rollback of crypto probes, including Opensea, Robinhood, and Uniswap. Cameron Winklevoss remains critical, demanding accountability for regulators who targeted the industry. The crypto sector now faces a choice: work with the SEC’s new leadership or push for a complete overhaul.

Bitcoin tumbled below $85K, sending the Crypto Fear & Greed Index to its lowest level since 2022. Trump’s tariff plans, economic slowdown fears, and liquidations drove the sell-off. Some analysts see this as a buying opportunity, while others warn of more pain ahead.

Bybit has received UAE regulatory approval, moving toward a full crypto license despite suffering a $1.4 billion hack. The exchange is also expanding into India, Georgia, Kazakhstan, and Turkey, while working to resolve regulatory challenges in Europe and Malaysia.

TLDR: Grayscale’s Cardano ETF is under SEC review, with a decision expected by August 2025. Polymarket’s approval odds have risen to 62%, increasing investor optimism. If approved, ADA could see institutional demand surge, potentially boosting its price beyond $0.81.

TLDR: Strategy (MSTR) stock dropped 55%, sparking fears of a $44 billion BTC liquidation. However, analysts argue forced selling is unlikely, as the firm’s 19% leverage ratio is manageable and Michael Saylor controls nearly 47% of voting power.

TLDR: OKX has settled with the DOJ for $500M over licensing violations and illicit transactions. The settlement follows Binance’s $4.3B fine, as regulators tighten oversight on crypto exchanges. Meanwhile, the SEC is easing enforcement actions, closing investigations into Robinhood and Coinbase.