Bitcoin rebounded 2% to $89,900 after President Trump signaled a retreat from proposed EU tariffs, triggering over $1B in liquidations across crypto markets. Ethereum gained 2% to $2,995, while Solana climbed 2% to $130. Alt tokens outperformed majors, with Compound up 15%, Skyward up 11%, and Sandbox up 10%.
BitGo announced its IPO at $18 per share, valuing the crypto custody firm at approximately $2.1B. The company joins a growing list of infrastructure players seeking public markets access.
Ethereum developer Vitalik Buterin proposed native distributed validator technology (DVT) staking to enhance protocol security and decentralization. The proposal indicates continued investment in Ethereum's consensus layer.
The Senate Agriculture Committee advanced its version of the Clarity Act to markup next week despite lacking bipartisan support. The legislation aims to clarify crypto regulatory jurisdiction between the CFTC and SEC.
Mortgage lender Newrez explored counting Bitcoin and Ethereum holdings toward mortgage qualification, signaling mainstream financial institutions are integrating crypto assets into lending criteria.