President Trump's Speech on Iran Triggers Market Downturn Affecting Bitcoin, Gold

Bitcoin treasury Strategy, formerly MicroStrategy, now holds 601,550 BTC worth nearly $73 billion after recent purchases. The company acquired 4,225 BTC for $472 million, with an average of $111,827 per coin, during a week of new Bitcoin highs.

Binance is launching a new token generation event model for its Binance Wallet, utilizing the bonding curve mechanism popularized by Pump.fun. Unlike Pump.fun, users must apply to launch a token on the platform, part of Binance's growing suite of token generation event products.

A closed-door meeting in Shanghai discussed the use of blockchain technology by state-owned firms for trade, supply chain management, and asset digitization. The focus on stablecoins indicates a potential shift in policy thinking, separate from speculative crypto assets.

Grayscale has confidentially submitted preliminary paperwork with U.S. regulators for the potential listing of its shares on the public market, as stated in a press release. The firm filed a draft registration statement on Form S-1 with the SEC, without disclosing specific details.

Project X aims to differentiate itself in the crowded DeFi space by focusing on distribution-first approach, emphasizing marketing, user experience, and incentive design. The team plans to launch an AMM DEX on HyperEVM, integrating HyperCore later for a unique trading experience.

Record-breaking momentum in Bitcoin and Ethereum ETFs last week boosted total assets under management in crypto-linked funds to $211 billion, with the U.S. leading in inflows. Despite gains, analysts warn of potential reversal as institutional activity may slow down.

Max Burwick, founder of Burwick Law, has announced his candidacy for Mayor of New York City, intending to form a crypto coalition to challenge opponent Zohran Mamdani. Burwick's campaign is expected to prioritize crypto and advocate for consumer-friendly regulations, with details on his platform still scarce.

Bitcoin reached a new all-time high of $122,838, leading to gains in major altcoins like Algorand, Sui, XRP, Solana, Dogecoin, and Cardano. Ethereum also saw a 3.4% weekly increase to over $3,068, with public companies like SharpLink Gaming acquiring significant amounts of ETH.

The federal judge dismissed the class-action lawsuit against Dolce & Gabbana USA, stating it was not liable for the failed NFT project that raised over $25 million. The lawsuit alleged false marketing claims and a "rug pull" scheme, affecting NFT buyers.

MoonPay has integrated with Revolut Pay, enabling users to purchase digital assets seamlessly from their accounts. This partnership aims to simplify transactions for U.K. and European customers, reducing common issues like card declines and verification delays.