🟠 Bitcoin Snaps Back Above $75K Bitcoin bounced back above $75,000 after a brief slide rattled traders in thin liquidity conditions. Volatility felt sharper than usual, not because of panic selling but because there simply wasn’t much depth on either side of the order book. The rebound suggests buyers are still lurking, even if conviction feels fragile in the short term. In this market, liquidity matters as much as narrative. (CoinDesk)

🏦 A New Fed Chair, A New Crypto Lens? Donald Trump nominated Kevin Warsh to succeed Jerome Powell as Federal Reserve Chair, a move markets immediately tried to game out. Warsh is seen as more skeptical of aggressive intervention, which could matter for risk assets over time. Crypto commentators are watching closely, reading his past comments for clues on regulation and monetary discipline. Looks like macro still sets the tempo, even in a decentralized world. (CNBC)

💵 Institutions Double Down on Stablecoins Fidelity entered the stablecoin arena with an Ethereum-based digital dollar, another sign that incumbents no longer want to sit this cycle out. Stablecoins are increasingly framed as plumbing, not speculation. The race now is largely about trust, compliance, and distribution. (Decrypt)

📈 Tokenized Equities Quietly Go Parabolic Tokenization has been a buzzword for some time now, but it looks like it is finally getting traction. The market for tokenized equities has grown nearly 3,000 percent in a single year, turning a niche experiment into a serious category. Investors are increasingly attracted to 24/7 trading, global access, and on-chain settlement. While volumes are still small relative to traditional markets, the direction of travel is shaping up well. (CoinDesk)

🏛️ Washington Tries to Herd the Cats The White House met with banks and crypto companies as lawmakers clash over the shape of upcoming legislation. The message seems to remain consistent for now: coordination is happening, but consensus remains elusive. TradFi and crypto are now close enough that policy missteps could spill across both systems. The longer clarity drags on, the more the market is forced to self-regulate by caution. (Reuters)

🚀 Crypto Takes the IPO Route A Kraken-backed acquisition vehicle completed a $345 million upsized IPO and began trading on Nasdaq. Public markets are starting to make room again for crypto-adjacent names, though only on carefully structured terms. The deal reflects a more pragmatic tone rather than exuberance, but it does reopen conversations around exits. For founders and VCs, flexibility is gradually creeping back into the equation. (The Block)