📢 The CFTC has issued a no-action letter to Phantom, stating it won’t take enforcement action if the wallet supports trading through registered intermediaries without IB registration, as long as certain conditions are met.

📢 The S&P 500 has printed a Death Cross for the first time since October 2023, according to Barchart.

📢 BNB Chain has moved ahead in ERC-8004 AI agents, outpacing Ethereum and Base, with total agents nearing 100K and activity still climbing.

📢 Demand for downside hedging in U.S. equities is climbing fast, with put-call skew hitting its highest level since 2021 and short positions increasing.

📢 DeFi TVL has surpassed $100B for the first time since early February, according to DefiLlama.

📢 U.S. national debt has reached a record $39 trillion.

📢 Interest rates are likely to stay the same, as markets turn their attention to Powell’s outlook.

📢 The top 100 USDC wallets on Ethereum have reached a new all-time high, holding a combined $32.71B, according to Santiment.

📢 Ethereum’s uptrend is holding firm, with open interest climbing across major exchanges, according to CryptoQuant.

📢 USDT, USDC, and USDT0 lead stablecoin usage by monthly active senders, according to TokenTerminal.

📢 Bhutan has moved over $110M worth of $BTC this year alone.

Its holdings have dropped about 58% from peak, falling from 13,000 BTC to around 4,450.

What was once valued at $1.5B is now roughly $330M.

The sovereign sell-off appears to be picking up pace.

📢 U.S. PPI DATA IS OUT!

Headline PPI (YoY): 3.4%
2.9% (exp) | 2.9% (prev)

CORE PPI (YoY): 3.9%
3.7% (exp) | 3.5% (prev)

📢 Binance recorded a $2.2B USDT inflow, its largest since November 2025, according to CryptoQuant—pointing to a strong return of liquidity after months of slowdown.

📢 The SEC indicates that many crypto assets may not qualify as securities under U.S. law.

📢 13F filings show hedge funds have cut back on Bitcoin ETF exposure, while advisors, sovereign funds, and institutions keep accumulating, pointing to a shift toward more long-term holders.

📢 Ethereum tops the L1 market in ecosystem TVL, with Tron, Solana, and BNB Chain following behind, according to Token Terminal.

📢 Institutional demand for $BTC has reached its highest point since October 2025, with institutions buying 81,200 BTC last month, about six times the new supply, according to Bitwise.

📢 Stablecoin supply on Solana has climbed past $17B, reaching a new all-time high, according to Artemis.

📢 ARK Invest’s latest report suggests $BTC is evolving into a major institutional asset class.

📢 Block Reverses Layoffs After Internal Error

• Rehiring some of the 4,000 recently laid-off staff
• Cuts reportedly tied to clerical errors
• Affected workers are already getting return offers