Crypto market update — here are the latest headlines making waves right now 👇💙
• USDC Treasury minted nearly 250 million new USDC, signaling continued stablecoin demand and rising on-chain liquidity.
• Cerebras had a huge Nasdaq debut, with shares nearly doubling after its IPO launch.
• Bybit expanded institutional crypto options trading through a new Orbit Markets RFQ integration.
• The US Dollar moved higher as traders increased expectations of another rate hike, while markets also watch Trump’s China visit closely.
• The Elon Musk vs. Sam Altman legal battle continues, with attention now turning to what the jury will actually decide.
• Shiba Inu (SHIB) has dropped around 60% over the past year, but AI analysts believe a strong ecosystem push or major burn event could revive momentum.
• USD/JPY climbed back above 158 as traders remain alert for possible Japanese market intervention.
• Nigel Farage’s crypto-related property purchase has sparked fresh regulatory discussions in the UK.
• Fed official John Williams said the US job market is stabilizing, though inflation uncertainty still remains.
• Hana Financial Group invested $725 million for a 6.55% stake in Dunamu, the company behind South Korea’s major crypto exchange Upbit.
• Circle minted another 250 million USDC, highlighting continued stablecoin supply expansion.
• The British Pound weakened despite positive UK GDP data, as political concerns around the Labour Party pressured sentiment.
• The New Zealand Dollar slipped to fresh session lows ahead of key PMI and PPI economic data releases.
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