In recent market developments, cryptocurrencies have experienced a downturn, with significant falls across various coins. The 10-year Treasury yield has risen back above 4.5%. The Believe App has announced a temporary pause on its launches. Key highlights include increasing Bitcoin dominance while major layer 1 networks decline, and Buffett reportedly affecting capital flow into cash. JPMorgan has settled a transaction on a public blockchain, while Tether has introduced its new AI platform, QVAC. Market analysts predict that USD devaluation will drive Bitcoin's value upward. Additionally, VanEck is launching an Onchain Economy ETF, and the Ethereum Foundation is set to launch an audit initiative. Major payment entities like Mastercard are preparing stablecoin cards, and eToro's stock has seen a post-IPO surge. Coinbase is eyeing more mergers and acquisitions after its acquisition of Deribit, and MetaMask may still introduce a native token. Ukraine is collaborating with Binance for Bitcoin reserves, and there are calls for regulatory oversight on stablecoin transfers in Brazil. The FOMO HOUR podcast provides daily updates on these and more crypto developments, hosted by Farokh, Mando, and Tyler, streaming live on weekdays.

Source šŸ”—