$415 million worth of shorts got liquidated within 60 minutes – which basically means the bears just got steamrolled by the bulls in a spectacular fashion. Even Ethereum managed to reclaim $2,900, showing that this rally isn’t just a Bitcoin solo act. So what’s really driving this madness? Let’s break down today’s top crypto stories:
- Bitcoin crossed $117,000, but meme coins delivered bigger gains across the board. But what’s triggering this sudden memecoin activity?
- Bitcoin hit another all-time high after Trump pressured the Federal Reserve on interest rates. But how come rate cuts trigger Bitcoin price rallies?
- Ripple’s CEO believes stablecoins will grow from $250 billion to $1-2 trillion within a few years. But what’s actually behind this bold prediction?
- The BNB Foundation burned 1.6 million BNB tokens worth $1.024 billion in their 32nd quarterly burn. How many BNBs are there in circulation?
- Bit Mining’s stock surged 350% after announcing they’re ditching Bitcoin mining for Solana. What’s their actual plan with Solana?
Let’s dive in after the market overview!
Bitcoin Hits New High as Trump Demands Fed Rate Cuts
Bitcoin crossed $117,000, but meme coins delivered bigger gains across the board. PENGU shot up 29% to become the biggest mover among the top 100 cryptocurrencies. Dogecoin climbed 7% while Dogwifhat jumped nearly 14%. BONK surged 13% and gained 39% over the week. Its LetsBonk launchpad recently overtook Pump.fun in daily token launches. But what’s triggering this sudden memecoin activity? Read the full story!
Ripple CEO Predicts Stablecoin Market Hits Two Trillion
Bitcoin hit another all-time high at $117,000 after Trump pressured the Federal Reserve on interest rates. He posted on Truth Social that crypto markets were “through the roof” and demanded immediate rate cuts. Ethereum jumped nearly 5% while Solana rose 2%. But why do rate cuts trigger Bitcoin price rallies? Read the full story!
Over One Billion Dollars Worth of BNBs Are Gone
The BNB Foundation destroyed 1.6 million BNB tokens worth $1.024 billion in their 32nd quarterly burn. The Auto-Burn system gradually reduces total supply to 100 million tokens. BNB also burns tokens in real-time based on gas fees. How many BNBs are there in circulation? Read the full story!
Bitcoin Mining Giant Abandons Bitcoin for Solana
Bit Mining’s stock surged 350% after announcing they’re ditching Bitcoin mining for Solana. The company plans to raise $200-300 million to build a massive SOL treasury. Their stock jumped from $2 to $11 before settling at $6.29. What’s their actual plan with Solana? Read the full story!
Meme Coin News: Ready, Set, PUMP!
