The crypto market showed a bearish trend at the start of the week, with Bitcoin’s price dropping nearly three percent to $87,200, while Ethereum fell six percent to $2,950. Binance Coin and Solana experienced slight declines, although some coins like XDC, CC, and SKY posted positive performances. Global financial institution JPMorgan introduced a tokenized money market fund based on the Ethereum blockchain, aiming to facilitate on-chain settlement of fund shares. The U.S. Senate has postponed significant cryptocurrency legislation until next year, delaying regulatory implementation in the country. Meanwhile, Coinbase and Robinhood have joined the U.S. government’s new tech task force, which seeks to recruit top engineers to advance artificial intelligence infrastructure. MetaMask expanded its wallet services beyond Ethereum to include native Bitcoin support, enabling users to buy, send, and receive Bitcoin. PayPal has applied for a bank charter in Utah to enter traditional banking. Former U.S. President Donald Trump announced consideration of pardoning Kevin Rodriguez, developer of the Samurai Wallet, and has instructed the Attorney General to investigate, marking a significant development ahead of Rodriguez’s incarceration date. Grayscale downplayed the impact of quantum computing on crypto prices in 2026 but emphasized the need for long-term blockchain upgrades to address quantum threats. BitTensor (TAO) completed its first halving event, reducing daily token production to 3,600. These developments highlight the rapidly evolving crypto landscape and technological innovations that may lead to further market volatility and new opportunities in the coming years.
Source: decrypt
