Market Turmoil: Trump's Tariffs Send Crypto Majors into the Red

The cryptocurrency market is experiencing a downturn, with major coins such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) all seeing significant losses. According to recent data, BTC has dropped by 2% to $91,100, ETH has fallen by 4% to $3,105, and SOL has declined by 3% to $129. XRP has also seen a 2% drop to $1.93.

Top Movers: A Few Bright Spots Amidst the Downturn

While the majority of the market is experiencing losses, there are a few coins that are bucking the trend. CC has seen a 12% increase, MYX has risen by 5%, and SYRUP has gained 4%. These coins are likely to be of interest to investors looking for opportunities in a downturn.

NYSE Prepares for 24/7 Tokenized Stock and ETF Trading

The New York Stock Exchange (NYSE) has announced plans to begin preparations for 24/7 tokenized stock and ETF trading. This move is likely to have significant implications for the cryptocurrency market, as it will allow for the trading of traditional stocks and ETFs on a 24-hour basis. This could potentially increase liquidity and trading volumes in the cryptocurrency market.

Steak 'n Shake Reveals $10M in Bitcoin Exposure

Steak 'n Shake, a popular fast-food chain, has revealed that it holds approximately $10 million in Bitcoin. The company has also created a corporate Bitcoin strategic reserve, which is likely to be used for future investments and transactions. This move is significant, as it highlights the growing adoption of Bitcoin by traditional companies.

Vitalik Buterin Calls for More Sophisticated DAO Governance Models

Vitalik Buterin, the co-founder of Ethereum, has called for more sophisticated DAO governance models. Buterin believes that current DAO governance models are inadequate and that more advanced models are needed to improve accountability, coordination, and long-term sustainability. This is an important issue, as DAOs are becoming increasingly popular and are likely to play a significant role in the future of the cryptocurrency market.

Bermuda Outlines Plans for Fully Onchain National Economy

Bermuda has outlined plans to create a fully onchain national economy. The island nation is working with Coinbase and Circle to develop a comprehensive onchain infrastructure, including payments, identity, and tokenized financial infrastructure. This move is significant, as it highlights the growing interest in onchain economies and the potential for cryptocurrency to be used in real-world applications.

Corporate Treasuries and ETFs: A Mixed Picture

The cryptocurrency market is also seeing significant activity in corporate treasuries and ETFs. The BTC ETFs have seen $394 million in net outflows on Friday, breaking a four-day inflow streak. However, the ETH ETFs have stayed green, with $4.7 million in inflows. This mixed picture highlights the complexity of the cryptocurrency market and the need for investors to stay informed.

Onchain Movers: A Few Coins Buck the Trend

While the majority of the market is experiencing losses, there are a few coins that are bucking the trend. USOR has seen a 70% increase, GSD has risen by 50%, and Eliza Town has gained 800%. These coins are likely to be of interest to investors looking for opportunities in a downturn.