Buterin Labels DeFi Portion 'Fake'
Ethereum co-founder Vitalik Buterin critically labeled a portion of the DeFi sector 'fake.' This pronouncement generated bearish sentiment, particularly concerning $ETH, with $ETH sentiment dropping to 45% bullish.
Long-Term Holders Offload 96,000 BTC
Bitcoin long-term holders (LTHs) offloaded 96,000 $BTC. $BTC currently trades at $69,180.00, marking a 24-hour decline of 2.05%.
On-chain data reveals that while LTHs sold, whales actively accumulated $BTC during the dip, a pattern observed in previous market corrections. The sell-off pushed the Fear & Greed Index to an extreme fear level of 17 out of 100. $BTC bullish sentiment dropped to 55.6%, below its typical 65-75% baseline. Despite this, 62% of $BTC positions remain long.
Trump's Warsh Fed Pick Shifts Crypto Sentiment
Reports of former President Donald Trump considering Kevin Warsh for Federal Reserve Chair in 2026 have influenced crypto market sentiment. Warsh's hawkish economic stance has shifted macro expectations towards a bearish outlook across digital assets.
Glassnode reported increased selling pressure for $XRP, characterizing it as a 'stop-loss phase' reminiscent of the 2021-2022 bear market's early stages. Community sentiment for $XRP turned sharply bearish, with platforms recording sentiment scores as low as -86, reflecting widespread holder apprehension.
Russia Advances Bill Legalizing XRP, Crypto for All
Russia introduced a legislative bill to legalize $XRP and other cryptocurrencies for all investors nationwide. This proposed legislation aims to open access to the cryptocurrency market for approximately 146 million people, enabling citizens and entities to purchase and hold $XRP and other digital assets within a regulated framework.
The bill's introduction generated bullish sentiment, with community reaction registering a sentiment score of 94% immediately following the news.
CFTC Greenlights Stablecoins for Bank Collateral
The Commodity Futures Trading Commission (CFTC) expanded its stablecoin regulations under the GENIUS Act by reissuing Staff Letter 25-40. This update clarifies that national trust banks are explicitly permitted issuers of payment stablecoins, confirming these institutions were not intended to be excluded from digital asset issuance and broadening the scope of regulated stablecoin operators.
This development establishes a definitive pathway for national trust banks to utilize stablecoins as collateral in regulated financial markets.