marketmoves

₿ Crypto Brief

🎯 Trump Media, MicroStrategy, and ETH ETFs drive institutional flows; Solana, NFTs, and IPOs surge.

🔸 Trump Media disclosed a $2 billion Bitcoin $BTCUSD treasury and plans for a Truth Social utility token; DJT $DJT shares rose 6–9%.

Read more: 🧵

AI-powered, unbiased news personalized for you. From politics to tech, our diverse coverage keeps you informed on what matters. Download now for free.

🔸 MicroStrategy $MSTR acquired 6,220 BTC $BTCUSD for $740 million, raising holdings to 607,770 BTC; also announced an IPO for 5 million STRC preferred shares to fund further Bitcoin purchases.

🔸 The Ether Machine to go public on Nasdaq via SPAC, holding $1.6 billion in ETH $ETHUSD and planning DeFi expansion.
🔸 Polymarket acquired CFTC-licensed QCEX for $112 million, enabling a compliant U.S. relaunch of its prediction markets.

🔸 Solana $SOLUSD ($SOL) rallied to $192, reclaiming a $100 billion market cap, driven by ETF demand and a $60 monthly price gain.
🔸 NFT market cap surged 28% to $6.6 billion, led by a whale sweep of 45 CryptoPunks; blue-chip NFT volumes spiked.

🔸 Ethereum ETFs $ETHA saw a record $2.2 billion in weekly inflows, outpacing Bitcoin ETFs $IBIT; ETH $ETHUSD price climbed above $3,800 and market cap exceeded $450 billion.
🔸 U.S. passed the GENIUS Act (stablecoin regulation), Clarity Act (market structure), and Anti-CBDC Act; GENIUS Act signed into law.