Ethereum and Solana are spearheading a robust recovery across major cryptocurrencies, with SOL notably outperforming amid heightened trading activity. Market sentiment remains bullish as Hype surpasses $50, flipping Robinhood in volume, while KindlyMD announces a $5 billion equity raise to acquire Bitcoin. In a significant institutional move, Sharplink has purchased $252 million worth of Ethereum, underscoring growing corporate confidence in digital assets.
Upcoming US economic data will be published onchain, enhancing transparency. Despite expanding adoption, a recent survey reveals 82% of US investors still do not hold crypto assets. Regulatory developments include the nomination of Pham to lead the CFTC, following Johnson’s departure.
In product news, MetaMask has launched a social login feature, improving user accessibility, while Google Cloud introduced its Layer-1 blockchain. Mastercard expanded its collaboration with Circle into EEMEA regions, and Thailand selected KuCoin for a tokenized bond initiative. Crypto adoption continues gaining traction in Venezuela, reflecting broader global integration. Trump Media and Crypto.com launched a $1 billion CRO development fund, with Trump Jr. investing in Polymarket. Technical analysis highlights Bitcoin’s two-week Bollinger Bands at their tightest ever, suggesting potential volatility ahead.
