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

The Northwestern Mutual 2026 Planning & Progress Study reveals that despite growing financial optimism, many young adults are turning to high-risk ventures like sports betting and cryptocurrencies to accelerate wealth accumulation. This trend is driven by a desire to catch up financially and achieve goals faster.

Seven major central banks, including the Federal Reserve, will announce rate decisions next week amid rising oil prices due to the ongoing war, potentially reigniting global inflation concerns. The economic calendar includes decisions from the Reserve Bank of Australia, Bank of Canada, and others.

Ripple is pursuing an Australian Financial Services License by acquiring BC Payments to operate within Australia's regulated financial services framework. This move will enable Ripple to streamline settlement, connect customers with local partners, and manage cross-border transactions more efficiently.

Researchers from IBM, Signal, and Threema are collaborating to enhance messaging protocols for potential quantum computer threats. Encrypted messaging platforms like Signal and Threema face a more immediate quantum risk than Bitcoin due to store-and-forward attacks.

Refunds are being processed by Basketball.fun for users not willing to wait for the NBA-focused crypto project's marketplace to go live, following Tristan Thompson's departure as an advisor. The project aims to manage user expectations after Thompson's exit and Improbable taking the lead.

Bitwise Chief Investment Officer Matt Hougan believes Bitcoin could reach $1 million per coin based on conservative assumptions, citing its potential as an emerging store of value asset. Despite skepticism, he argues that with continued maturation and market growth, Bitcoin could capture a significant share of the global store of value market cap.

The Official Trump (TRUMP) token hit its lowest price since launch, down 15% in a week. Despite Bitcoin and Ethereum rebounding, TRUMP fell to $2.87 overnight, 96% off its all-time high.

Harsher penalties will be imposed by China's Supreme People's Court on those using cryptocurrency for money laundering and illegal fund transfers across borders. This announcement is part of a broader crackdown on technology-enabled crimes, including AI-powered fraud and doxxing attacks.

Analysts at brokerage Bernstein predict a potential surge in Circle (CRCL) shares, citing stablecoin adoption diverging from the broader crypto market. Circle's USDC supply rebounded to near its record high despite market fluctuations, with transaction activity and volumes on the rise.

The SEC and CFTC are working on a formal memorandum of understanding to combine efforts in regulating U.S. crypto activity. This includes joint meetings, a harmonization website, and shared supervisory findings for crypto firms.