The Digital Asset Daily
🏛️ The “Dream Team” Assembly
CFTC Chair Selig has shocked the market—in a good way. A new Innovation Advisory Committee has been formed, featuring top brass from Ripple, Solana, Uniswap, and Circle.
Why it matters: This signals a pivot from aggressive enforcement to cooperative rule-making. The U.S. is finally building a framework with industry input.
📉 The $66k Defense
Bitcoin is trading defensively. The “Buy the Dip” crowd is active, but bears are still pressing.
🚀 Pippin (Meme)
While the majors bleed, Pippin is up 18% today.
Community hype and viral momentum are decoupling it from the broader macro trend. Speculators are flocking here for short-term gains.
🚫 The Yield Ban
A new proposal discussed at the White House aims to ban yields on payment stablecoins.
Regulators want stablecoins to function purely as payment rails, not as interest-bearing savings accounts. This could hit DeFi revenue models hard.
⛏️ The AI Pivot
With crypto margins tightening, Bitcoin miners are retooling. Facilities are switching from hashing to AI Compute.
Miners are now powering ChatGPT-like models to secure steady cash flow independent of Bitcoin’s price.
🏦 Institutional Buys
Binance added $300M in BTC to reserves.
Mirae Asset acquired 92% of Korbit Exchange.
Verdict: Smart money is buying while retail is selling.
Leave a Reply
Cancel reply