📊BTC Rallies Above $88K for the First Time in 3 Weeks

Happy Monday, Defiers!

Crypto markets kicked off the week in the green as investor sentiment was buoyed by Strategy’s latest Bitcoin purchase.

In other news, onchain social network Zora is getting heat for the timing of its upcoming airdrop, a week after Base’s controversial memecoin launch on the platform.

Meanwhile, U.S. stock markets are down as escalating trade tensions continue to rattle investors.

✍️ In today’s newsletter:

BTC briefly breaks above $88K after Saylor reveals Strategy’s latest buy
Critics come for Coinbase and Zora ahead of ZORA TGE
Synthetix’s sUSD slips below $0.70 after protocol update
Galaxy proposes new voting system for Solana inflation

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Bitcoin Rallies Above $88,000 Boosted by Strategy’s Latest $555 Million Purchase

Bitcoin spiked above $88,000 for the first time in three weeks before retracing, after Strategy’s latest Bitcoin purchase. Meanwhile, ETH, XRP, and SOL are trading flat over the past 24 hours.

Coinbase and Zora Accused of Shady Marketing Ahead of ZORA Token Launch

Blockchain-based social network Zora will airdrop its official token on Wednesday, a week after Coinbase's L2 Base launched a controversial memecoin on the platform.

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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.