Market Trends & Crypto Performance - Crypto majors experienced a downturn following Powell's rate cut; BTC decreased by 2% to $90,250, ETH decreased by 4% to $3,200, BNB decreased by 2% to $868, and SOL decreased by 4% to $131 [1] - Fed Chair Powell cut the interest rate by 25 bps, but 2026 forecasts raised concerns about slowing cuts [1] - Memecoin leaders are mostly down; DOGE -5%, Shiba -3%, PEPE -5%, PENGU -10%, BONK -3%, TRUMP -2%, SPX -5%, and FARTCOIN -3% [1] - NFT leaders were mostly down; Punks -4% at 28.9 ETH, Pudgy -1% at 5.2 ETH, BAYC -6% at 5 ETH; Hypurr's -2% at 487 HYPE [2] Institutional & Corporate Activity - Both BTC and ETH ETFs have flipped to net buyers since Nov 20, with $535 million in net inflows for BTC and $574 million for ETH [1] - The Trump family's "American Bitcoin" added nearly $40 million worth of BTC to its holdings [1] - Stripe acquired crypto payments startup Valora, a mobile crypto payments app built on EVM [1] - Superstate announced support for issuing tokenized equity on blockchain platforms (Ethereum + Solana) [1] - Gemini gained CFTC approval for its prediction market to launch in the US [2] Token & Protocol Developments - Meteora disclosed $10 million in MET token buybacks, accumulating 2.3% of its supply in Q4 and said they will continue doing discretionary token buybacks [1] - Fogo shared new ICO details, raising $20 million at a $1 billion valuation with mainnet coming Jan 13 [1] - Surf raised $15 million for its AI platform "built for crypto markets" [2]
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TylerD 🧙♂️·2025-12-11 13:30