Truth Social withdrew applications for Bitcoin and Ethereum exchange-traded funds, while BlackRock transferred holdings of both assets to exchange wallets, signaling shifting institutional positioning ahead of potential regulatory action and Federal Reserve policy decisions.
The dual developments occurred as Donald Trump weighed in on cryptocurrency policy alongside emerging details from recent Federal Reserve deliberations. Tether meanwhile increased its stake in 21 Capital, and Andreessen Horowitz announced an acquisition of HYPE, reflecting continued venture capital appetite despite regulatory headwinds.
Security incidents overshadowed bullish institutional moves, with breaches reported at Bankr and MAP Protocol. Bybit distributed rewards to users, while Glassnode published analysis on quantum computing threats to blockchain infrastructure. Nvidia reported quarterly earnings as SpaceX filed preliminary IPO documentation that included reference to a potential Bitcoin reserve strategy.