Crypto News

The crypto market is experiencing significant turbulence following a $120 billion sell-off, with Bitcoin facing pressure at key support levels amid broader concerns about treasury yields and geopolitical tensions. Despite the downturn, institutional adoption continues with positive developments including JPMorgan's launch of tokenized money market funds on Solana, Hong Kong's biggest bank distributing stablecoins to 3 million wallets, and Stellar's selection for US Bank's USBDC stablecoin, while prediction markets have hit a $2.7 billion weekly record. The mixed sentiment reflects investors navigating between macroeconomic headwinds and growing blockchain infrastructure adoption by traditional financial institutions.