Crypto dips, Coinbase joins S&P 500, CPI today 📉
Crypto markets see a downturn, with Bitcoin acting like a safe-haven asset. In notable stock market news, Coinbase is set to join the S&P 500, showing a pre-market gain of 8%. In other developments, Blackrock files for in-kind redemption on its ETH trust, presenting significant interest in Ethereum.
Arizona's governor vetoes plans related to crypto reserves, and SEC's Pierce underscores the need for legal clarity in tokenization processes. Meanwhile, Strategy invests $1.34 billion in Bitcoin, signaling strong institutional interest in BTC.
Additional developments include GDC's plan to buy $300 million in BTC and TRUMP, with the 'American Bitcoin' linked to Trump going public.
Further, New York's Mayor seeks to position the city as a global crypto hub, while Solana-based DEX sees a volume surge. Animoca Brands considers going public in the US, and SOL's founder shares a proposal for a new cross-chain decentralized application.
Dubai partners with CryptoCom for crypto payment solutions, and Curve faces challenges with a DNS hack.
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