Cryptocurrency markets experienced moderate declines ahead of today’s Federal Reserve policy announcement, with Bitcoin trading at $112,900 (-1%) and Ethereum at $4,000 (-3%). The broader digital asset market showed similar patterns, with Solana dropping 4% to $194 and BNB declining 1% to $1,116. Despite the pullback, Bitcoin dominance strengthened to 60% (+0.3%), indicating relative stability for the leading cryptocurrency.
Market activity remained robust with Bitcoin ETFs recording $202 million in inflows and Ethereum ETFs attracting $246 million. The newly launched Solana ETF demonstrated substantial trading volumes on its debut day. Notable gainers included PI, TRUMP, M, PAXG, and ZEC tokens.
In significant industry developments, Western Union announced plans to launch a stablecoin on the Solana blockchain, while payment giant Visa expanded support for four additional stablecoins. France is reportedly considering accumulating up to 2% of Bitcoin’s total supply, potentially representing a major sovereign adoption move.
Infrastructure developments continue with the Ethereum Fusaka upgrade progressing to its final testnet phase, and Sharplink preparing to stake $200 million worth of ETH on Linea. Meanwhile, an early ICO participant transferred $6 million in Ethereum after eight years of dormancy. Evernorth disclosed accumulating $1 billion in XRP holdings, and Securitize announced plans to go public through a $1.25 billion SPAC merger. Circle has commenced testing its Arc Blockchain solution as the industry prepares for the three-day Monad token airdrop event.
