Major cryptocurrencies have entered positive territory and are mounting a recovery after Donald Trump altered his stance on European Union tariffs, with Bitcoin advancing 2% to $89,900, Ethereum gaining 2% to trade at $2,995, Solana rising 2% to $130, and XRP climbing 3% to hit $1.94. Top gainers across the market included CC with a 15% surge, SKY rising 11%, and SAND climbing 10%.
Digital currency markets experienced more than $1 billion in liquidations as Bitcoin mounted a steep bounce following President Trump’s indication of a pullback from planned tariff actions.
Ethereum co-founder Vitalik Buterin introduced a proposal for native Distributed Validator Technology (DVT) staking to enhance the decentralization and security of Ethereum, highlighting ongoing developments at the protocol tier.
Custody firm BitGo publicized its initial public offering at a price of $18 per share, establishing an enterprise valuation near $2 billion.
The Senate Agriculture Committee confirmed that its draft of the Clarity Act will advance to markup in the coming week despite the absence of bipartisan consensus.
Mortgage company Newrez explored allowing Bitcoin and Ethereum to count toward mortgage qualification requirements, using discounted valuations to mitigate digital currency market volatility.
Hong Kong supervisory bodies moved toward granting stablecoin permits under a refreshed regime enforcing strict requirements for compliance, backing reserves, and operational standards.
Russian judicial courts determined that digital assets are classified as property under the law, establishing a binding legal standard for upcoming civil and criminal litigation.
President Trump stated his intention to promptly sign crypto market structure legislation into law, notwithstanding ongoing legislative roadblocks and disagreements regarding the boundaries of regulatory jurisdiction.
Saga’s EVM blockchain network suspended operations in the wake of an exploit totaling $7 million, during which the stolen assets were bridged across to Ethereum.
Fast-food brand Steak ’n Shake introduced a Bitcoin incentive program for hourly staff, providing team members the opportunity to obtain a portion of their wages in BTC.
Originally published at https://decrypt.co/videos/interviews/MqZOhomP/crypto-rebounds-after-trump-tacos-on-tariffs-bitgo-21b-ipo-solanas-skr-token-soars-250-fdv.
