💥Bitcoin Plunges Under $77K as Trade War Escalates

gm Defiers!

Crypto markets dropped again on Tuesday, reversing the previous day’s gains as President Trump confirmed that Chinese imports would be slapped with whopping 104% tariffs starting today.

Meanwhile, some memecoins are bucking the trend, with FARTCOIN outperforming almost all assets over the past week.

Plus, MMA fighter Conor McGregor’s memecoin fails to meet its funding goal, and the ZKasino hacker gets liquidated trying to long ETH.

✍️ In today’s newsletter:

• Crypto volatility persists as Trump ratchets up China tariffs
• FARTCOIN remains resilient despite market turmoil
• Binance research says BTC’s ‘safe haven’ narrative is being tested
• Conor McGregor’s memecoin fails to launch
• ZKcasino scammer gets liquidated for $27 million

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📈 Markets in the last 24 hrs:

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📉Crypto Markets Whipsaw as Liquidations Mount and Futures Volumes Surge

Crypto market volatility persisted on Tuesday amid ongoing tensions from President Donald Trump's trade war. Despite gains in some altcoins, the broader cryptocurrency market capitalization declined 2.5% to $2.58 trillion.

💨FARTCOIN Remains Resilient Amid Tariff-Fueled Global Selloff

Over the last week, nearly every asset in global markets has cratered, but despite the market crash, memecoins FARTCOIN and SPX6900 are up more than 10%.

🔎Bitcoin’s 'Safe Haven' Narrative Is Being Tested: Binance Analysis

Bitcoin’s long-standing narrative as “digital gold” is being tested amid rising macroeconomic uncertainty and geopolitical tensions, according to a new report from Binance.

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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.

READ MORE: Stablecoins: Institutional Game-Changer or Web3’s Trojan Horse?

🥊Conor McGregor’s Memecoin Flops as Interest in Celebrity Tokens Wanes

Popular MMA fighter Connor McGregor’s memecoin failed to launch after falling well short of its fundraising goal, showcasing traders’ lack of interest in celebrity coins in the wake of the TRUMP and LIBRA debacles.

😬Wallet Linked to ZKasino Scam Loses $27.1 Million After 20x ETH Long Gets Liquidated

A wallet linked to the $33 million ZKasino hack lost $27.1 million after its ETH position got liquidated on decentralized exchange Hyperliquid.

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🌍 ELSEWHERE

• Andreessen Horowitz seeks to raise $20 billion megafund amid global interest in US AI startups (Reuters)
• Justice Department will narrow its focus on crypto-related enforcement (Associated Press)
• Restaurant star Ben Leventhal raises another $50 million for crypto dining app Blackbird (Fortune)

🔥TRENDING

• Bitcoin’s 'Safe Haven' Narrative Is Being Tested: Binance Analysis
• FARTCOIN Remains Resilient Amid Tariff-Fueled Global Selloff
• Crypto Markets Plunge Amid Global Trade Tensions, $1.5B Liquidated
• GENIUS vs. STABLE: How the US Stablecoin Bills Before Congress Stack Up
• SOL/BTC Ratio Suffers in the Wake of $200 Million in Token Unlocks
• Tokenized Commodities Market Soars Past $1.3B as Investors Flock to RWAs