President Trump's Solana Meme Coin Just Skyrocketed—Here's Why

The decline in blockchain development is evident as active developers and weekly crypto commits have significantly dropped, while GitHub's growth is driven by artificial intelligence projects. The shift towards AI is reflected in the surge of AI-related repositories and the rise in contributors to AI tools.

Across Protocol's team proposed transitioning to a traditional U.S. C-corporation due to challenges with the current DAO structure hindering institutional partnerships. Token holders can choose to exchange ACX for equity or sell for a 25% premium to the average trading price.

Metaplanet is expanding its Bitcoin strategy by creating Metaplanet Ventures and Metaplanet Asset Management to invest $25 million in Japanese Bitcoin infrastructure companies. The firm aims to support lending, payments, custody, derivatives, and compliance technologies in Japan's growing digital asset ecosystem.

A coordination pact has been signed by the SEC and CFTC to align oversight of financial markets and digital assets, aiming to harmonize regulatory frameworks and streamline reporting requirements. This initiative addresses years of fragmented oversight and aims to provide a more predictable framework for market participants.

The domain of Bonk.fun, a Solana-based token launch platform, was hijacked by hackers, leading to a phishing attack that prompted users to sign a fake terms-of-service message to drain their wallets. The team quickly warned users not to interact with the compromised site to prevent further losses.

Hyperliquid, a DeFi derivatives platform, has seen a surge in trading volume for oil-linked perpetual futures, reaching $991 million in the past 24 hours. The platform offers leveraged positions collateralized by stablecoins, attracting traders amid global macro shocks.

Ripple is buying back up to $750 million in shares at a $50 billion valuation, representing a 25% increase from its previous fundraising round. CEO Brad Garlinghouse believes the company has the potential to reach a $1 trillion valuation in the future.

Bloomberg Intelligence's Mike McGlone reiterates his prediction of Bitcoin potentially dropping below $10,000, citing the need for an extreme macroeconomic shock. Other analysts agree on the possibility of further downside but find a drop to $10,000 highly improbable.

Revolut has obtained a full U.K. banking license, enabling expanded services and deposit protection for eligible funds. The company, valued at $75 billion, will transition customer accounts to Revolut Bank UK Ltd. gradually, maintaining existing features.

The FDIC Chairman stated that stablecoin users won't have government guarantees under the new U.S. law, banning FDIC insurance for stablecoin holdings. The GENIUS Act prohibits pass-through insurance for payment stablecoins, aiming to differentiate them from bank deposits.