Visa Joins Canton Network as a Super Validator

BlackRock CEO Larry Fink has revised his stance on crypto investments, acknowledging their role as an alternative asset similar to gold. Fink's shift reflects a broader change in Wall Street's attitude towards cryptocurrencies, with major financial institutions gradually entering the sector.

China Renaissance plans to raise $600 million for a public crypto treasury focused on BNB, making it one of the largest bets on the token by a publicly listed entity. The investment vehicle will be structured as a publicly traded company in the US.

The crypto market experienced its worst day ever due to a miscommunication at the highest level, resulting in a massive liquidation wave of ~$19B in 24 hours. BTC dropped from $118,000 to $101,000, with alts like SUI falling up to 80%.

Bitcoin treasury firm Strategy has resumed its Bitcoin buying spree after pausing purchases last week. The firm acquired 220 BTC for around $27.2 million, at approximately $123,561 per Bitcoin. It claims to have achieved a BTC Yield of 25.9% YTD 2025, with holdings of 640,250 BTC worth approximately $73.1 billion, acquired for $47.4 billion at around $74,000 per Bitcoin.

Bittensor, Mantle, World Liberty Financial, Aster, Dogecoin, and BNB are leading the recovery in the crypto market, with strong underlying narratives and liquidity support driving their surge. Analysts attribute this to utility, liquidity depth, and narrative conviction, with some coins backed by popular sectors like AI and real-world assets.

Hyperliquid will activate its HIP-3 network upgrade, allowing users to launch perpetual futures markets by meeting onchain requirements. The upgrade introduces permissionless deployment of perpetual DEXs on HyperCore by staking 500,000 HYPE, with safeguards like validator slashing and open interest limits.

MARA Holdings acquired 400 BTC worth $46.29 million from FalconX, increasing its total holdings to over 53,000 BTC. The purchase reflects institutional investors' optimism following last week's market crash, with Bitcoin rebounding to $114,763.

The crypto market experienced a significant liquidation event, with $20 billion in positions wiped out as Bitcoin dropped 17% in hours. Traders are shifting to downside protection amid increased volatility and uncertainty, with concerns over systemic risks and liquidity dominance.

Benoît Pagotto, co-founder of RTFKT, has passed away at 41, as confirmed by colleagues. Tributes poured in on social media, with Philippe Rodriguez sharing the news on LinkedIn. Pagotto was known for merging luxury design, gaming, and crypto culture at RTFKT.

A recent sell-off in the crypto market led to a significant liquidation event, wiping out nearly $20 billion in digital assets in a single day. The flash crash of liquidations triggered by volatile trading resulted in losses across all markets, with long positions taking the biggest hit.