$BTC is back above $110k, with $ETH outperforming. As of now, $BTC is trading at $111,716 and $ETH at $4,450. Bitcoin dominance stands at 58.35%.
American Bitcoin’s Nasdaq debut saw a dramatic intraday spike of up to 110%, closing significantly higher and achieving a multibillion-dollar valuation, with the Trump brothers’ stake alone valued at over $1.5 billion. The firm combines bitcoin mining and treasury strategies, backed primarily by Hut 8, and plans to raise substantial capital for expansion.
A few other headlines include: the CFTC recommends no action on Polymarket (see below), Galaxy Digital has launched a plan to tokenize its SEC-registered GLXY shares on a major blockchain, and the Federal Reserve is set to hold a conference to discuss stablecoins, tokenization, and AI.
During the last 24 hours, the top three gainers were $M, $FORM, and $SYRUP, while the top three losers were $HNT, $WLFI, and $BGB.
