Pump.fun, Bitcoin, and Sui experienced notable price drops of 17.5%, 2.5%, and 6.9%. The total crypto market capitalization is now at 3.84 trillion USD, reflecting a market-wide downturn.
SEC Chair Paul Atkins spoke positively about potential regulatory changes that could benefit the crypto sector. Yet, despite this bullish sentiment, traders reacted negatively, showcasing a bearish mood across the market.
Total value locked in DeFi is reported over 136 billion USD, nearing pre-FTX collapse figures, raising inquiries about a possible DeFi summer, amidst varying performances of meme and blue-chip DeFi tokens.
Leave a Reply