BTC dips from ATH, US banks Consider Stablecoin, HYPE leads L1s again!
Bitcoin (BTC) has experienced a dip from its all-time high of $111,000, marking a challenging phase as it falls below the $110,000 mark, despite BTC exchange-traded funds witnessing significant inflows. The long/short ratio for BTC has reached its lowest point in three years. In exciting news, major US banks are contemplating a joint issue of stablecoins, and Kraken is set to offer 50 tokenized stocks and ETFs, fostering the integration of traditional finance and blockchain. Optimism prevails with President Trump's prediction of continued US dominance in crypto and a 43% chance of BTC exceeding $150,000 by 2025. Other highlights include the increase in active DeFi loans, the recent hack of Cetus on SUI for $234 million, and the rise of HYPE, which has tripled in value over the last month as it reaches its all-time high. This episode of FOMO HOUR brings you the latest discussions around these pivotal trends in the crypto landscape.
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