A bruising weekend for crypto saw a euphoric spike morph into a hard reset. Whales leaned into selling, liquidity thinned, and cascading leverage did the rest. More than 157,000 traders were wiped out for roughly 806.63 million dollars in 24 hours, as Bitcoin (BTC) weakness dragged the complex lower and Ethereum (ETH) whipsawed from a fresh record toward a sharp intraday slide. Futures flows amplified the move, reminding everyone that when positioning is crowded, volatility arrives fast. Even as outflows from spot ETFs and large wallet sales pressured Bitcoin, corporate buyers kept buying the dip. Strategy added 3,081 BTC at an estimated 356.9 million dollars and now claims roughly 3 percent of total supply, a milestone that underscores how corporate treasuries have become a structural bid for the asset class, even if the stock market and crypto prices wobble. Retail’s growing sway over ETF flows added another wrinkle to today’s price action. Ethereum’s tape was the story within the story. After a near 4 percent pullback following a liquidity grab around 4,880 dollars, roughly 720 million dollars in long positions were flushed. Short term, traders are watching 4,500 dollars as support and 4,950 dollars as resistance, with any sustained push above 5,000 dollars likely to reawaken momentum. Under the surface, accumulation continues. BitMine Immersion Technologies lifted its stash to 1.72 million ETH, about 7.65 billion dollars, making it the largest known holder, while SharpLink Gaming, chaired by Ethereum cofounder Joe Lubin, grew to nearly 800,000 ETH, around 3.7 billion dollars, alongside a 1.5 billion dollar stock buyback. Fundstrat’s Tom Lee signaled an ETH bottom may be near, a view that will be tested if volatility persists. Solana (SOL) took center stage in capital formation. Pantera Capital is targeting 1.25 billion dollars to turn a Nasdaq listed company into a dedicated Solana treasury, which could become the largest corporate holder to date. In parallel, Galaxy Digital, Jump Crypto, Multicoin Capital, and Cantor Fitzgerald are working with the Solana Foundation on a 1 billion dollar fund to establish a major treasury initiative. In a market searching for confidence, that kind of long term capital can be a meaningful anchor. Policy and products offered a mixed read. The SEC punted decisions on a spot PENGU ETF and Grayscale’s spot Cardano ETF (ADA) to October 2025, a delay that chills parts of the altcoin complex. At the same time, Bitwise filed to launch the first US Chainlink ETF (LINK), while Canary Capital lined up two novel products of its own, seeking approval for a spot ETF tied to the TRUMP memecoin (TRUMP) and a Staked Injective ETF (INJ) that would track both price and staking rewards. Kraken, for its part, is engaging the SEC on how tokenization can be integrated into traditional markets, even as global regulators call for tighter oversight of tokenized stocks. Bitfinex analysts summed it up bluntly: a true altseason likely waits on more spot ETF approvals beyond the current leaders. Government adoption nudged forward with a symbolic step. The US Commerce Department said it will publish GDP data on a blockchain to improve transparency and security, signaling that crypto rails are edging into core data infrastructure. Market structure continued to evolve. European exchange Bitpanda is steering clear of a London listing, citing thin liquidity and looking to New York or Frankfurt instead. In the US, Gemini surged past Coinbase and Robinhood on the Apple App Store rankings after rolling out an XRP powered credit card, while institutional interest in XRP deepened as CME futures open interest topped 1 billion dollars, joining BTC, ETH, and SOL and helping lift CME’s crypto suite above 30 billion dollars in notional open interest. Consumer facing headlines did not disappoint. Trump Media and Technology Group unveiled a 6.42 billion dollar partnership with Crypto.com to integrate Cronos (CRO) into Truth Social, including a 1 billion dollar token fund and a 5 billion dollar credit line, an aggressive swing at mainstream token adoption. Prediction market Kalshi appointed influencer John Wang to lead its crypto team and opened deposits in Solana, USDC, and Bitcoin, even as it navigates CFTC scrutiny at a 2 billion dollar valuation. Not all attention was positive: Kelsier Labs CEO Hayden Davis was accused of orchestrating a YZY token (YZY) sniping operation that netted 12 million dollars, reigniting concerns about fairness around token launches. Into the night, traders will watch whether Bitcoin can stabilize as ETF flows settle and whether Ethereum can defend 4,500 dollars and make another run at 4,950 dollars. The Solana treasury buildout, the SEC’s crowded ETF docket, and ongoing tokenization talks will shape sentiment. After a day where positioning ruled the tape, the next catalyst may come less from a chart and more from the checks being written behind the scenes.
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📈💰The Federal Reserve announced today that it will maintain its current interest rates, citing a strong job market and moderate economic growth. This decision comes as no surprise to those in the crypto community, as many have been anticipating this outcome for weeks. However, this news may have some investors feeling slightly disappointed, as they were hoping for a rate cut to boost the market.💸💻Crypto tickers such as BTC, ETH, and XRP have been trending upwards in recent weeks, with many investors hoping for a continued bull run. However, with the Fed's decision to keep interest rates steady, some may be wondering if this will have a negative impact on the market. While it's impossible to predict the exact effect on crypto prices, it's important to remember that the Fed's decision is based on a variety of factors and not solely on the crypto market.📉🌎The Fed's decision also has implications for the stock market, with many investors closely watching the anno...
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