AI-powered summaries of the day's top crypto events
Bitcoin's price plunged 6.4% to a 24-hour low of $65,708, while ether fell below $1,900. This drop coincided with global stock markets reaching fresh highs, driven by a rally in AI-related trades.
Payment giants Stripe, Visa, and Mastercard are reportedly supporting a new stablecoin platform, with Coinbase also considering participation. This move could significantly impact the stablecoin market and payment processing.
SpaceX is targeting a record $75 billion IPO, which would be one of the largest ever. The company holds $1.29 billion in bitcoin, raising questions about liquidity risks and the impact on capital flows in crypto and tech markets.
The European Securities and Markets Authority (ESMA) announced that crypto companies without MiCA authorization must cease serving EU clients by July 1. This deadline could significantly impact firms still awaiting license approval.
Variant has raised a $222 million fund aimed at early-stage crypto and AI startups that promote autonomy. The fund will focus on sectors such as permissionless and agentic finance.
Mastercard has expanded its settlement options to include USDC, PYUSD, and RLUSD, supporting new settlement capabilities across multiple blockchains. This move enhances its commitment to the 'always-on' economy.