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These three altcoins saw significant declines today. Can they reclaim key support levels, or are deeper losses ahead?
Senator Cynthia Lummis sees Bitcoin as a solution to the US debt crisis, proposing a national reserve to leverage its long-term appreciation. Her BITCOIN Act is gaining traction, with 15 states backing similar initiatives.
The crypto market has dipped in response to President Trump’s plan to enact steep tariffs on imported goods from Canada, Mexico, and China beginning on Tuesday.Canada and Mexico have ordered retaliatory tariffs in response, while China promised “corresponding countermeasures” and said it would file a lawsuit with the WTO.Memecoins were particularly hard-hit by the downturn, with many top coins seeing double-digit percentage drops. Trump’s memecoin has fallen nearly 30% over the past week.
Quick Take THORChain’s governance approved a proposal to address a nearly $200 million debt crisis. The approved plan involves converting defaulted debt into equity by issuing creditors a new token called TCY. TCY token holders are entitled to 10% of THORChain’s revenue in perpetuity.
Quick Take Story is a specialized Layer-1 blockchain transforming intellectual property (IP) into a programmable asset class critical for artificial intelligence (AI). IP has emerged as the largest intangible asset class in the world, ranging from code and data to scientific research, and AI models depend on it for both training and inference. By bringing IP on-chain, Story streamlines licensing, automates royalties, and ensures verifiable ownership at scale. This research is commissioned by Story Foundati
- 09:44Analysis: Trend Research Likely Needs to Sell Around 40,000 More ETH to Fully Unwind LeverageOdaily Planet Daily News According to on-chain analyst Yujin, Trend Research has transferred 48,900 ETH (worth $150 million) to an exchange today for partial liquidation, with an average price of approximately $3,083. They have already repaid about $67 million USDT in loans on Aave, with $207 million in outstanding loans remaining.Currently, they still hold around 133,000 ETH (worth $423 million). If they intend to fully repay all loans and completely unwind their leverage, as Yili Hua suggested, they would need to sell approximately another 40,000 ETH ($120 million). This means that in the end, they would be left with about 94,000 ETH in spot holdings (without leverage)?
- 09:33Musk Seeks Name for Grok's Male Companion, Ani Briefly Surges to $40 Million Market CapAccording to ChainCatcher, Elon Musk launched a naming contest for Grok’s male companion on the X platform. In response to the community’s suggestion of “Taki, derived from your name (Musk),” Musk replied with a heart emoji, indicating his approval. This news triggered sharp short-term fluctuations in related meme coins: Ani briefly surged to a $40 million market cap before retreating and is now at $39.19 million; the original male companion token CHAD’s market cap surpassed $2 million and is now at $2.26 million; several meme coins named “Taki” also appeared in quick succession.
- 09:22Subsidiary of Hong Kong-listed JETCO applies for license upgrade to offer virtual asset trading and related servicesAccording to Jinse Finance, as reported by Zhitong Finance, TradeGo FinTech (08017.HK) recently announced that its wholly-owned subsidiary, TradeGo Markets Limited, has decided to submit an application to the Hong Kong Securities and Futures Commission to upgrade its existing Type 1 (dealing in securities) regulated activity license. This upgrade aims to enable the provision of virtual asset trading and related services through the arrangement of opening omnibus accounts on SFC-licensed platforms. TradeGo Markets has already initiated discussions with the SFC regarding its application intentions.