Solana (SOL) spearheaded a robust recovery among major cryptocurrencies, setting a bullish tone across digital asset markets. Hype token surged to an all-time high of $50, with trading volumes surpassing those on Robinhood, signaling intense retail and institutional interest. In parallel, XPL experienced a notable short squeeze, adding volatility to altcoin movements.
Corporate adoption continues to accelerate. KindlyMD announced plans to raise $5 billion in equity for Bitcoin acquisitions, while Sharplink purchased $252 million worth of Ethereum. Regulatory developments saw the appointment of a new CFTC leader, with Pham stepping into the role as Johnson departs.
Infrastructure and partnership expansions dominated headlines: Google Cloud launched its Layer-1 blockchain, MetaMask introduced a social login feature for enhanced user accessibility, and Mastercard extended its collaboration with Circle into EEMEA regions. Thailand selected KuCoin for a pioneering tokenized bond initiative, underscoring blockchain’s growing role in traditional finance.
Market technicals revealed Bitcoin’s two-week Bollinger Band width at its narrowest in history, often a precursor to significant price movements. Meanwhile, a survey indicated 82% of U.S. investors have yet to enter the crypto market, highlighting substantial growth potential. Political figures remained engaged, with Trump Jr. investing in Polymarket and Trump Media partnering on a $1 billion CRO development accelerator token.
Globally, crypto adoption advances, with Venezuela integrating digital assets into mainstream economic activities and LBank partnering with WLFI on a USD rewards program.
