While the king of crypto managed a solid 4.1% gain, the meme coin ecosystem went absolutely wild. The meme coin market now sits around $80 billion in total market cap. With Bitcoin’s Fear and Greed Index sitting at 72 (firmly in “greed” territory) and exchange reserves hitting all-time lows, you’d think all eyes would be on the OG crypto. But retail traders are chasing the shiniest, weirdest tokens they can find instead.
So what’s really going on in crypto? Let’s break down today’s biggest stories:
- Meme coins outperformed Bitcoin’s new ATH – Why are retail investors choosing meme coins over the king of crypto? 🤔
- FIFA launches dedicated blockchain on Avalanche – Why did FIFA choose Avalanche over Ethereum or Solana? 🤔
- MicroStrategy’s new stock pays Bitcoin dividends – How much Bitcoin does MicroStrategy actually own? 💎
- Democrats target Trump’s crypto business – Would this bill ban Trump from crypto-related decisions? ⚖️
- Sui’s largest DEX lost millions – How did they manage to hack the DEX? 🔒
Let’s dive in after the market overview!
Meme Coins Outperformed Bitcoin’s New ATH
Bitcoin hit $111,970 – a fresh all-time high. But meme coins delivered bigger gains across the board. The Official Trump token jumped 22% while Bitcoin managed 4.1%. Fartcoin spiked nearly 20%, and Moonpig exploded 130% in a single day. One trader turned $4,350 into over $180,000 on Moonpig. The meme coin sector now sits at $80.2 billion in total market cap.
Why are retail investors choosing meme coins over the king of crypto? Read the full story!
FIFA Launches Dedicated Blockchain on Avalanche
FIFA announced they’re building their own blockchain using Avalanche’s technology. FIFA is building actual infrastructure – their own dedicated layer-1 blockchain. They already tested NFTs during the 2022 World Cup, but this is infrastructure-level commitment.
Why did FIFA choose Avalanche over Ethereum or Solana? Read the full story!
MicroStrategy’s New Stock Pays Bitcoin Dividends
Michael Saylor called it the “crown jewel” of MicroStrategy’s strategy. They’re raising $2.1 billion through Perpetual Strife Preferred Stock. STRF pays 10% annual dividends and gained 16% since launch. It’s designed for investors who want Bitcoin exposure without volatility.
How much Bitcoin does MicroStrategy actually own? Read the full story!
Democrats Target Trump’s Crypto Business
Hours before Trump’s exclusive dinner with top crypto investors, Democrats introduced the “Stop TRUMP in Crypto Act.” The bill targets the president’s billion-dollar crypto empire. Trump is dining with the 220 biggest holders of his meme coin. Press is banned. One confirmed attendee is Justin Sun, under SEC investigation but holding $22 million in Trump projects. Democrats worry foreign actors are buying White House access through crypto.
Would this bill ban Trump from crypto-related decisions? Read the full story!
Sui’s Largest DEX Lost Millions
Cetus Protocol, Sui’s biggest decentralized exchange, suffered a $223 million exploit. Attackers moved $61.5 million in USDC to Ethereum while holding $164 million on Sui. Cetus froze $162 million of stolen funds, leaving $60 million with attackers.
How did they manage to hack the DEX? Read the full story!
