- Bitcoin prices dipped after reaching a new all-time high, with open interest also hitting record levels.
- Several major U.S. banks are exploring the creation of a jointly issued stablecoin.
- HYPE token tripled in value over the past month, leading Layer 1 blockchain projects.
- Kraken plans to launch 50 tokenized stocks and ETFs for trading.
- DeFi loan activity reached an all-time high, and TVL is close to pre-tariff levels.
Bitcoin’s price recently fell below $110,000 after reaching an all-time high, while open interest in Bitcoin contracts hit its highest level ever. This came as Bitcoin exchange-traded funds (ETFs) recorded their largest inflows in several months, according to FOMO HOUR.
Key trading data shows that the long/short ratio for Bitcoin is now at its lowest point in three years, indicating changes in investor sentiment. According to reports, several major U.S. banks are considering a partnership to issue a stablecoin together. Meanwhile, Kraken announced plans to make 50 tokenized stocks and ETFs available for trading.
In U.S. political news, the introduced “Stop TRUMP in Crypto Act” targets policies involving cryptocurrencies. Donald Trump also commented that U.S. dominance in crypto is likely to continue. The odds of Bitcoin reaching over $150,000 by 2025 now stand at 43%. One company has also outlined a strategy to raise $2.1 billion through stock issuance.
Decentralized finance (DeFi) lending set a record for active loans, with total value locked (TVL) almost back to levels seen before tariff impacts. In related news, Wormhole has enabled native trading of Dogecoin (DOGE) on the Solana Blockchain, and Cetus on the Sui network suffered a $234 million hack. The Commodity Futures Trading Commission (CFTC) has indicated that crypto perpetuals—derivatives products—may soon become available in the United States.
Among blockchain projects, the HYPE token saw its value rise threefold in the past month, reaching an all-time high based on recent news and developments. For further coverage and updates, readers can access FOMO HOUR on YouTube or listen to their podcast.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Radix Grants Fuel Innovation: RPFS, XRDEGEN, and Liquify Lead
- $24 Million in Crypto Seized From Russian Qakbot Malware Leader
- AI Advances Bring Formal Verification to Bitcoin and Software Security
- US Senate Advances GENIUS Act, Pushing Stablecoin Regulation Forward
- Solana Shows Strength, Eyes Further Gains Amid Market Uncertainty
