Bitcoin Stays Above $87K as Memecoins Rally
Bitcoin remains steady above $87,000 as traders closely watch ongoing tariff discussions and their impact on the market. Meanwhile, memecoins like Dogecoin and Shiba Inu surged 11%, fueled by renewed retail investor interest. Analysts note that speculative assets often perform well in uncertain economic conditions, though volatility remains a risk. The broader crypto market continues to navigate macroeconomic and regulatory developments. (CoinDesk)
Trump Eyes August for Stablecoin Bills
President Donald Trump is aiming to sign two stablecoin-related bills into law by August, signaling increased regulatory clarity for the industry. The proposed legislation seeks to establish a comprehensive framework for stablecoins, addressing risks while promoting innovation. Supporters argue that clearer guidelines could accelerate institutional adoption, while critics warn of potential overreach. If passed, these bills could have a significant impact on the U.S. digital asset landscape. (Nextgov)
XRP, Solana Lead Altcoin ETP Inflows
XRP and Solana are seeing the highest inflows among altcoin exchange-traded products (ETPs), while Ethereum struggles to attract new investment. Analysts suggest that recent developments, including regulatory clarity and strong network performance, have bolstered XRP and Solana. Ethereum’s stagnation, on the other hand, has raised concerns among investors. The data highlights shifting trends in institutional crypto interest. (CoinTelegraph)
BlackRock’s Bitcoin Holdings Reach $47.4M
BlackRock now holds approximately $47.4 million worth of Bitcoin, reinforcing its growing presence in the crypto investment space. The asset management giant’s Bitcoin exposure comes through its iShares Bitcoin Trust, which has gained significant traction among institutional investors. This marks a continued shift as traditional financial firms increase their involvement in digital assets. Analysts view BlackRock’s position as a sign of growing mainstream acceptance for Bitcoin. (Yahoo Finance)
North Carolina Proposes Crypto Pension Bills
Lawmakers in North Carolina have introduced separate bills in both chambers to allow state pension funds to invest in cryptocurrencies. If passed, the legislation would enable retirement portfolios to include digital assets, diversifying their investment strategies. Supporters argue that crypto exposure could enhance returns, while critics raise concerns over volatility. The move reflects a growing trend of institutional interest in digital assets. (The Block)
Kentucky Pushes Crypto Innovation
Kentucky is emerging as a leader in crypto adoption, leveraging its regulatory environment to attract blockchain businesses. The state has implemented pro-crypto policies, including tax incentives for mining operations and blockchain startups. This approach has drawn comparisons to other blockchain-friendly regions like Texas and Wyoming. Experts believe Kentucky’s stance could serve as a model for other U.S. states looking to embrace digital assets. (The Street)
Solana Memecoin ‘Morning Routine’ Hits $19M Market Cap
A new Solana-based memecoin called ‘Morning Routine’ has surged to a $19 million market cap, reflecting renewed enthusiasm for the sector. The token’s rise is part of a broader revival in memecoins, as investors seek speculative opportunities. Analysts warn that while high returns are possible, the space remains highly volatile. Solana continues to play a growing role in the memecoin ecosystem. (CoinMarketCap)
MicroStrategy Reaches BTC Milestone
MicroStrategy surpasses 500,000 BTC, continuing its aggressive accumulation strategy. The company’s BTC holdings now exceed a significant threshold, further solidifying its position as a leading corporate Bitcoin investor. CEO Michael Saylor remains bullish on the long-term potential of Bitcoin, doubling down despite market fluctuations. The firm’s continued Bitcoin purchases reflect its unwavering confidence in digital assets. (CCN)
