Market panic continues, here’s a quick 24-hour overview of major crypto events!

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1. Tensions are high between Iran and Israel, with the US announcing the closure of its embassy and consulate for 3 days. Trump frequently comments on the Iran-Israel situation, and the market is worried about potential US involvement in the conflict;

2. US stock indexes closed lower, with crypto-related stocks generally declining. TRX-related stock SRM dropped 15.9%, closing at $7.7;

3. A whale has consecutively bought over 85,000 ETH in three rounds, currently experiencing an unrealized loss of about $9.4 million;

4. Coinbase announces the listing of Spark (SPK) token, priced at $0.057, with a market cap of $593 million;

5. Pumpfun and its founder's official X accounts have been unbanned, with Pump trading at around $5.8 pre-market on AEVO. GMGN and some crypto KOLs' X accounts have also been unbanned;

6. The US Senate voted to pass the GENIUS Stablecoin Act;

7. JPMorgan will pilot a deposit token JPMD on the Base network;

8. Liu Qiangdong: JD will apply for stablecoin licenses in major currency countries globally;

9. Coinbase seeks SEC approval to launch on-chain tokenized stocks, challenging traditional brokers like Robinhood;

10. Mark Cuban: Trump's phone may come pre-installed with a crypto wallet supporting TRUMP token and USD1;

11. Ethereum staking exceeds 35 million tokens, reaching a new historical high;

12. Trader Eugene: If Bitcoin fails to reach a new high, Altcoins may slowly decline, and have not yet bottomed out;

13. The Altcoin season index has dropped to 20, indicating it's currently a "Bitcoin season";

14. Infini announces the suspension of Infini Card service (payment), with core account functions (earnings) unaffected;

15. Binance Alpha's daily trading volume continues to decline, dropping to $749 million yesterday.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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