Brief Summary

• Bitcoin is trading around $75.5K this morning after sliding toward key $75K support.
• Ethereum is below $2,100 and remains weaker than Bitcoin on a relative basis.
• Bitcoin has fallen to 13th among global assets, with capital rotating toward AI, semiconductors, gold, and other non-crypto trades.
• Traders are moving defensively into stablecoins, with USDT and USDC dominance rising.
• SoFi launched SoFiUSD to nearly 15 million members, making it one of the first U.S. national banks to offer a stablecoin directly inside a banking app.
• A large holder reportedly sold about $1.29 billion worth of BlackRock’s Bitcoin ETF in a dark-pool trade.
• IREN signed a $1.6 billion Dell agreement to expand AI cloud infrastructure, showing how crypto infrastructure companies are chasing AI demand.
• Coinbase’s Base launched Base MCP, allowing AI tools like ChatGPT, Claude, and Cursor to interact with wallets and DeFi apps.
• Crypto PACs spent about $9 million in Texas and scored wins in both parties.
• The U.K. sanctioned HTX and Russia-linked crypto networks as part of a broader crackdown on sanctions evasion.
• Singapore charged former Hodlnaut CEO Zhu Juntao with six fraud counts tied to TerraUSD exposure claims.
• OpenZeppelin’s CEO warned that AI coding agents have made DeFi increasingly unsafe because attackers can find vulnerabilities faster than defenders can patch them.
• XRP remains range-bound near $1.32 to $1.33 after a failed breakout.
• The stablecoin market remains above $300 billion and is becoming one of the biggest battlegrounds between banks, fintechs, crypto exchanges, and regulators.

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