The cryptocurrency market is experiencing a general downturn, with Bitcoin’s price slightly declining to around $89,100, while other major cryptocurrencies like Ethereum, Solana, and XRP are also in the red. Meanwhile, cryptos such as ZRO, AXS, and Dash are showing notable positive performance. Ledger, a crypto hardware wallet manufacturer, is preparing for an initial public offering valued at approximately $4 billion, enlisting Goldman Sachs, Jefferies, and Barclays for financial support, reflecting growing investment trends in the crypto sector. Ripple CEO Brad Garlinghouse expressed optimism that cryptocurrencies could reach new heights by 2026, driven by regulatory support and increased institutional investment. Former U.S. President Donald Trump has filed a $5 billion lawsuit against JPMorgan, accusing the bank of closing his accounts for political reasons. BitGo showed early strength on its stock market debut, closing slightly above its IPO price. BlackRock CEO Larry Fink proposed establishing a single blockchain for tokenization to combat corruption and improve scalability. Kansas introduced a Bitcoin strategy reserve bill, and PricewaterhouseCoopers (PwC) stated that institutional crypto adoption has reached an irreversible stage as regulatory frameworks move beyond drafting toward active oversight. U.S. Treasury Secretary Janet Yellen reiterated support for U.S. crypto leadership and Bitcoin’s strategic reserve under the Trump administration. These developments highlight the growing significance of cryptocurrencies across legal, financial, and governmental domains, shaping the future direction of the crypto market.
Source: decrypt
