🌇 Crypto Giants Double Down While Institutions Flee Ethereum and DeFi
⚡ CryptoTrendz - 📌 What’s Buzzing?:
HSBC and ICBC seek stablecoin licenses in Hong Kong’s new regime. Nemo Protocol suffers $2.4M hack, while Metaplanet grabs BTC under $112K. Despite whale dumps and low search trends, Bitcoin nears $115K. Michael Saylor adds $217M in BTC amid price strength. ✨Let’s dive a little:
🔖 MarketMomentum:
🔹XRP surged 141% in volume, signaling demand. Bitcoin broke a key liquidity zone, with $115k near. Ethereum ETFs shed $788M in four days, signaling rotation. Fidelity launches a tokenized fund, boosting momentum. #### 🔖 InstitutionalTreasuriesAndBanking:
🔹HashKey unveils a $500M digital asset treasury push. NYDIG flags tighter premiums for crypto treasuries. HSBC and ICBC eye Hong Kong stablecoin licenses. Galaxy, Jump and Multicoin lead a Solana treasury raise. #### 🔖 DeFiSecurityAndMining:
🔹Nemo Protocol faced a $2.4M DeFi hack. Ripplecoin Mining App claims up to $10k daily income. A big SHIB whale move exited Coinbase, signaling shifts. Security remains crucial as crypto apps expand. #### 🔖 BitcoinAndAltcoinNarratives:
🔹Peter Schiff mocks Tom Lee’s $200K BTC call. Michael Saylor buys $217M of Bitcoin as price holds. Can XRP keep outperforming Bitcoin this cycle? Metaplanet buys the dip, strengthening a large BTC stake.