🚀 CMC Market Pulse: Middle Eastern Woes Overshadow Stablecoin Victories.
BTC +1.3%, ETH +0.8% as markets wobble! GENIUS Act passes! JPM launches stablecoin on Base! DeFi Dev Corp scores $5B to stack SOL!
Let’s break down this week’s top crypto narratives 🧵
1/6
📉 Market Overview:
Total crypto mcap dropped 2% to $3.372T. BTC up 1.3%, ETH +0.85%. A $320M long liquidation spike shook the market Tuesday. Despite conflict escalation in the Middle East, both crypto and stocks held relatively steady. BTC dominance remains strong.
2/6

đź“° Narrative of the Week: Stablecoin Momentum
GENIUS Act passes U.S. Senate, Treasury sees stablecoins hitting $3.7T by 2030. JPM launches institutional stablecoin (JPMD) on Base. JD(.)com applies for global stablecoin licenses.
3/6
🗓️ Major Project Updates:
Mantle launches borderless neobank UR. EigenLayer unveils EigenCloud, powered by EIGEN. Kraken’s L2 “Ink” announces INK token for DeFi rewards.
4/6
🏦 DeFi Brief:
Bybit drops ByReal, a Solana-based hybrid liquidity network. Aave V4 launches unified liquidity hub. Meteora adds sniper-taxing Rate Limiter. CoWSwap debuts gas-saving batch auctions.
5/6
đź’ˇ Key Takeaways:
🔹 Watch stablecoin adoption, JPM + GENIUS Act signal shift
🔹 Track EigenLayer as EigenCloud rolls out
🔹 Keep an eye on SOL exposure, $5B treasury firepower incoming
Stay informed, stay ahead:
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