Recent developments in the crypto market have caused notable fluctuations. Tariff announcements have raised fears, causing crypto prices to fall and the Fear & Greed index to shift back into ‘Fear’. Hyperliquid managed to fend off a short attack from JellyJelly, with Binance and OKX being implicated in the attack's orchestration. Critics have highlighted Hyperliquid's centralization in response to these challenges. In economic news, Wyoming is planning to introduce its own stablecoin, while the USDC market cap exceeds $60 billion for the first time. GameStop is reportedly raising $1.3 billion aimed at purchasing Bitcoin. Additionally, the Blackrock ETH BUIDL fund has successfully tripled in value over three weeks, and The Blockchain Group has acquired $47 million in Bitcoin. Key movements in the market include Vitalik Buterin transferring $505,000 to a privacy-focused protocol, demonstrating an increasing focus on privacy in digital currencies. The stablecoin ecosystem continues to evolve, with Tether's CEO discussing the multiverse of stablecoins, and collaborations between Circle and ICE exploring USDC's applications in traditional finance.

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