Bitcoin climbed to a fresh all-time high before a short pullback, driven by renewed interest across the market. At the same time, Ethereum recorded the second-largest ETF inflows on record, and Google searches for altcoins hit their highest level since 2021. Together, these signals point to a broadening rally beyond BTC.
Institutional moves are notable: Murano plans a $500 million Bitcoin purchase, while firms like Bullish continue to command attention after closing at twice their IPO price. On the infrastructure side, Stargate has requested alternative buy-out offers to LayerZero, and Matt Huang is set to lead Stripe’s Layer 1 efforts, underscoring ongoing bets on foundational blockchain projects.
Policy and product updates arrived too. Google reversed a policy that banned non-custodial crypto wallets; MetaMask may unveil a stablecoin this week; Vietnam announced plans for a state-run crypto exchange; and Indonesia scrapped a proposed digital payment tracker. Security and legal headlines included Coinbase losing about $300,000 in an MEV exploit and Justin Sun filing suit against Bloomberg over upcoming stories.
These developments highlight accelerating adoption but also persistent risks: markets remain volatile, large inflows can reverse, and protocol or exchange mishaps can quickly affect holdings. Readers should treat market moves cautiously and verify details before acting.
Source: Decrypt. Read the original coverage for full details.