📉 Bitcoin craters as Asian markets trigger circuit breakers

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Top Stories

BTC $59,337 (-2.9%) | ETH $1,545 (-5.1%) | SOL $69 (0.8%)

• US Government forces slow rollout of OpenAI’s GPT5.6 due to “Mythos-like” capabilities — OpenAI executives push to delay IPO to next year

• Apple has worst day in 14 months as its stock craters 6% after announcing price increases across the board — Microsoft falls to lowest closing price since November 2023

• US PCE inflation rises to 3 year high

• South Korea’s Kospi index falls 8% triggering circuit breakers — Nikkei falls 5%

• Binance will stop serving EU clients next week after they fail to secure a MiCA license

• Spot Bitcoin ETFs see almost $700M in net outflows as Bitcoin falls as low as $58k

• USDT flips ETH as the second largest crypto token by market cap

• $3M in Polymarket user assets stolen following a third party breach

• Draft Kings announces DKEX prediction market exchange

• Hyperliquid gets added to Singapore’s MAS investor alert list

• BitGo lays off 15% of staff to shift focus to AI infra and stablecoins

• Kraken in talks to acquire Aave at a $385M valuation — AAVE is up over 15% on the week and trading at a $1.3B FDV

• Number of crypto VCs falls to 6-year low

• Cardano wallet provider SecondFi’s seed phrase generator gets hacked, allowing hackers to guess seed phrases with over $20M of user funds at risk

• Ethereum DAT company Bitmine gets added to the Russell 1000

• ZachXBT reports that the AscendEX exchange may be delaying user withdrawals due to liquidity issues

• Confidential witness testimony suggests Pump Fun was buying early stage tokens and selling them on retail buyers

• Uniswap launches Pump Fun competitor

• Sophon L2 announces shutdown and pivot to Base consumer apps

• Xbox raises console prices