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Bitcoin steadies near $74K as S&P 500 nears all time high
BTC held near $74K as the S&P 500 pushed toward a record high, while WLFI proposed burning insider tokens and extending vesting terms.
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Crypto markets are quiet. Traditional markets are anything but.
The S&P 500 is knocking on the door of 7,000 for the first time ever.
Behind the scenes, projects are restructuring tokenomics and exchanges are arming up against AI threats.
Today's stories share a common thread: the industry is maturing whether prices move or not.
World Liberty Financial wants to torch 10% of its insiders' tokens
World Liberty Financial just proposed burning over 62 billion WLFI tokens held by early backers.
The restructuring targets founder allocations and internal stakeholder locks to tighten future supply.
If passed, it would be one of the largest insider token burns in DeFi history.
Markets
Stocks surge toward record highs as dollar weakens on Iran diplomacy hopes
The US dollar slid to six-week lows as diplomatic talks with Iran eased the war premium.
Risk appetite roared back. The S&P 500 climbed to 6,993, flirting with a record close above 7K.
Crypto sat this rally out. BTC held steady near $74K while ETH drifted below $2,400 and SOL slipped near $84.
OKX launches regulated crypto derivatives platform with 10x leverage across Europe
OKX just rolled out leveraged crypto derivatives for retail traders across the European Economic Area.
The product, called X-Perps, operates under the EU's MiFID II framework with ten trading pairs at launch.
Regulated leverage in Europe has been scarce, so this could reshape where serious traders park their capital.
Coinbase and Binance want access to Anthropic's most dangerous AI model
The two largest crypto exchanges are seeking access to Anthropic's Mythos AI to prepare for next-gen cyber threats.
Mythos is considered a dual-use model. It can defend against attacks or help create them.
As AI-driven exploits grow more sophisticated, exchanges are treating offensive AI knowledge as a defensive necessity.
On Our Radar
Liquidity gets a makeover: Crypto's moving toward hybrid AMM models that don't require both sides.*
Crypto's wallet wars: eToro drops $70M on Zengo to bulk up its digital assets game.
Musk's crypto gamble: X adds real-time stock and crypto tracking features to the platform.
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ICYMI
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That’s a wrap.
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