📉 BTC Drops 3.2% as Market Slips for Third Day

gm Defiers!

The crypto market slipped for a third day as inflation data and looming tariffs continue to weigh on investors. In more positive news, tokenized Treasuries have surged over 500% in the past year.

Ripple Labs also scored a major legal victory after the SEC dropped its appeal following four years of litigation. Meanwhile, OpenAI’s new Studio Ghibli image generation feature for ChatGPT has gone viral, sparking a rise in meme coins.

✍️ In today’s newsletter:

Crypto market drops for third consecutive day as tariffs approach
Tokenized US Treasuries experience significant growth
Soneium teams up with Animoca Brands
For just $640, Binance founder Changpeng Zhao will read your message
Walrus launches on mainnet
The SEC ends its court battle with Ripple
Studio Ghibli memecoins become all the rage

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📈 Markets in the last 24 hrs:

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Catch up on our interview with Max Luck, Head of Growth at Flare Networks, as he discusses the layer-one EVM blockchain's focus on providing high-integrity data to builders through its enshrined oracles.

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📉 Crypto Market Declines for Third Day as Tariffs and Inflation Spook Investors

The cryptocurrency market dipped for a third consecutive day as investors reacted to uncertainty over President Donald Trump’s upcoming tariff decisions and inflation data. Bitcoin (BTC) fell 3.2% to $84,351.

💸Tokenized Treasuries Surge, Yet Remain a Small Fraction of Stablecoin Market

Tokenized US Treasuries have surged over 500% year-over-year, growing from $800 million to $5.2 billion. Despite this growth, tokenized Treasuries still make up only 2% of the stablecoin market.

🤝Soneium Partners with Animoca Brands to Bring Anime Fans to the Sony-backed Layer 2

Sony’s Soneium blockchain has announced its second partnership this week, teaming up with Animoca Brands to bring anime to Web3. Animoca is best known for its digital platform The Sandbox.

📩Binance Founder Changpeng Zhao Will Read Your Message for $640

The cost of messaging Binance founder Changpeng Zhao on ReachMe surged more than 2,500% yesterday to $640. ReachMe allows key figures to charge fees for responding to messages.

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Stablecoins are exploding, projected to hit $230 billion in 2025, bridging traditional finance and blockchain. Leaders like Tether and Circle, alongside innovations like Ethena’s yield-generating USDe, are driving adoption. They’re slashing cross-border payment times and costs, and powering DeFi’s growth. But are they a valuable inroad for institutions or a Trojan horse? As on-chain finance continues to grow and innovate, banks and other established financial institutions face a choice: adapt or risk obsolescence. Will stablecoins empower traditional finance to capitalize on the new value being generated by Web3, or serve as the seed for decentralization? Platforms like Stellar that enable compliant issuance may offer a middle path.

📣Sui-based Decentralized Storage Protocol Walrus Launches Mainnet

Walrus Protocol, a Proof of Stake decentralized storage blockchain for dApps and autonomous agents, has launched its mainnet. To celebrate, the platform launched an airdrop of its native WAL token to testnet users and other early supporters.

👩‍⚖️SEC Ends Ripple Lawsuit: Here’s Why It Matters

Ripple Labs reached a significant milestone in its ongoing legal battle with the Securities and Exchange Commission (SEC). Last week, CEO Brad Garlinghouse announced that after four years, the SEC dropped its appeal of a judgment that ruled Ripple's sale of XRP to retail buyers was not a securities sale.

🤖Studio Ghibli Memecoins Grab Attention After OpenAI Releases Image Generation Feature

OpenAI has sparked a wave of memecoins via a Studio Ghibli-inspired image generator. The feature quickly went viral after CEO Sam Altman shared a Ghibli-style image on X.

🌍 ELSEWHERE

FDIC says banks can engage in crypto activities without prior approval (Reuters)
Analyst says 'sticky inflation' could be bad for Bitcoin (TheStreet)
A Public Company Boasting Trump's Sons on Advisory Board Is Buying BlackRock Bitcoin ETFs (CoinDesk)