This week’s crypto market started with a lot of energy, but ended with less energy as Bitcoin opened at $119,000 on Monday, but nosedived to below $114,000 on Friday. However, major developments have always cuddled the market with new stablecoin launches, the SEC’s Project Crypto, increasing crypto adoption, and crypto whales’ mass BTC accumulation.
Bitcoin dips to $113K as US announces new tariffs
The digital gold Bitcoin dipped to $113,000 at press time due to the US government’s new tariffs. A 10% global baseline tax and a steep 35% tariff on Canadian imports have sparked market uncertainty.
Visa adds support for PYUSD, USDG, and EURC stablecoins
Leading payment platform Visa has been supporting the USDC stablecoin of Circle. Now, the payment tech company announced covering three tokens — Paxos-issued coins Global Dollar (USDG), PayPal’s PYUSD, and Circle’s EURC!
Circle launches native USDC and CCTP V2 on Hyperliquid
Circle deploys its stablecoin USDC and Cross-Chain Transfer Protocol (CCTP V2), deploys on Hyperliquid’s HyperEVM platform. USDC brings a fully backed 1:1 stablecoin with institutional on/off-ramps and deep liquidity for DeFi, while CCTP V2 allows speedy, seamless cross-chain USDC transfers.
SEC launches “Project Crypto” to modernize securities regulations
The US Securities and Exchange Commission (SEC) Chair Jerome Powell announced Project Crypto, a new initiative to modernize US securities regulation and shift financial markets to blockchain.
Ethereum celebrates 10 years of blockchain life
After revolutionizing the blockchain industry with DeFi, NFTs, DAO, and major upgrades, Ethereum has reached its 10th year since its launch in 2015 by Vitalik Buterin!
Bolivia partners with El Salvador to adopt crypto
El Salvador and Bolivia have teamed up, signing a deal to adopt Bitcoin and crypto into Bolivia’s financial system. Bolivia has earlier banned digital assets; however, it now calls them a “reliable alternative”.
DWS Group, Flow Traders, Galaxy Digital-backed AllUnity launches EURAU
Asset manager DWS Group, fintech company Flow Traders, and financial institution AllUnity have launched EURAU, a fully regulated euro stablecoin on Ethereum. EURAU is the first stablecoin regulated under MiCAR, the European Union’s comprehensive legal framework for crypto assets.
The crypto world is now eagerly waiting to see the next price movements of Bitcoin and other altcoins; the master coin may receive an energy boost or miss it in the coming week. As fintech companies and crypto firms are adopting and launching stablecoins, a more positive climate is approaching the crypto land. Apart from these key news stories, other headlines hit the market: Robinhood’s total revenue surged 45% year-on-year, Ripple reports tokenized assets could grow to nearly $19 trillion by 2033, and a crypto working group formed by the US President Donald Trump presented policy views on major crypto-related legislation.
