On Sunday, Bitcoin $BTCUSD experienced a sharp intraday decline, falling by 4.13% to $99,237 as of 10:52 a.m. ET (1452 GMT), retreating below the closely watched $100,000 psychological threshold. Ethereum $ETHUSD, the second-largest cryptocurrency by market capitalization, also saw steeper losses, dropping 8.52% to $2,199 during the same time period.
Cryptocurrency markets witnessed a steep decline early Sunday following heightened geopolitical uncertainty in the Middle East. Major digital assets, including Bitcoin $BTCUSD, Ethereum $ETHUSD, and Solana $SOLUSD, experienced sharp selloffs, erasing billions in market capitalization and pushing the broader crypto space into correction territory.
Davis Commodities Limited $DTCK, a Singapore-based agricultural trading company, has outlined a strategic shift aimed at integrating blockchain applications and digital asset structures into its business model. The company is preparing to raise $30 million to support the development of a dual framework: a treasury-focused digital asset strategy and a blockchain-powered platform for real-world asset (RWA) tokenization. This initiative reflects a broader ambition to modernize commodity financing through technological innovation, enhancing operational transparency and efficiency while expanding its role in the evolving digital asset ecosystem.
The momentum behind stablecoin-based payments is gaining attention across the global commerce landscape. Reports suggest that Amazon $AMZN and Walmart $WMT are evaluating the launch of proprietary tokens, while Shopify $SHOP has begun supporting USDC $USDCUSD payments in over 30 countries. This marks a notable shift in how major retail players view blockchain-based settlement infrastructure. However, not all observers are convinced that this trend poses a disruptive threat to legacy networks like Visa $V and Mastercard $MA.
Coinbase $COIN has officially introduced Coinbase Payments, a three-tiered infrastructure designed to simplify the integration of USDC $USDCUSD transactions for commerce platforms. This strategic rollout positions Coinbase as a central payments enabler in the growing stablecoin economy, offering turnkey tools that bypass the need for direct blockchain deployment.
Circle $CRCL, the issuer of the USDC $USDCUSD stablecoin, continued its market rally on Friday after the U.S. Senate passed the GENIUS Act, a bill focused on regulating stablecoins. Shares jumped nearly 17% in premarket trading, adding to significant gains earlier in the week. The legislation, designed to set compliance standards for fiat-backed digital currencies, now moves to the House of Representatives. Its Senate passage has amplified investor interest in Circle, which is seen as well-positioned under the proposed regulatory framework.
Ethereum $ETHUSD, the second-largest cryptocurrency by market capitalization after Bitcoin $BTCUSD, has entered a critical technical zone. After recent rallies driven by renewed institutional interest and macroeconomic tailwinds, Ethereum now appears to be in a sideways consolidation pattern, trading in a narrow range between $2,500 and $2,540. This development comes amid declining trading volumes, prompting analysts to assess whether the move reflects accumulation ahead of a breakout — or signals bull exhaustion.
In a significant development for the digital asset industry, former U.S. President Donald Trump has publicly urged Republicans in the House of Representatives to move swiftly on a Senate-approved cryptocurrency bill, signaling growing political momentum behind the formal regulation of digital assets. Trump’s statement intensifies pressure on House GOP members to pass the legislation without amendments, accelerating the timeline for a bill that could reshape how cryptocurrencies are regulated and taxed in the United States.
As the U.S. economy navigates post-pandemic adjustments, many Americans are once again turning their attention to federal relief policies. In particular, there is mounting speculation regarding potential 2025 stimulus checks, renewed IRS disbursements, and even unconventional economic proposals involving cryptocurrency dividends—specifically DOGE (Dogecoin)—which have been loosely associated with former President Donald Trump's populist rhetoric.
MicroStrategy Inc. $MSTR has evolved into a publicly traded vehicle for bitcoin $BTCUSD exposure. With a market cap exceeding $100 billion, the company’s valuation is now directly linked to crypto price action and flows from index-based funds.
Visa Inc. $V and Yellow Card Financial Inc. have formalized a strategic agreement aimed at accelerating the adoption of stablecoin-based solutions for cross-border transactions in developing regions. The partnership signals a deeper commitment from both companies to modernize international payment systems, particularly in Africa and other underbanked markets where Yellow Card operates as a licensed cryptocurrency exchange.
The recent Senate approval of the GENIUS Act has been a pivotal moment for stablecoins in the U.S., creating significant tremors in financial markets. This groundbreaking legislation introduces a federal framework for dollar-pegged stablecoins, leading to noticeable stock increases for Circle $CRCL and Coinbase $COIN.
