Bitcoin’s $107,800 Line In The Sand: Support Or Breakdown Ahead?

In a QuickTake post on CryptoQuant, Yonsei_dent shares some technical insight into the Bitcoin market, highlighting several important price levels at the moment. The analyst explains that Bitcoin’s current market price is sitting almost directly on top of the Short-Term Holder (STH) Realized Price, an important metric that tracks the average cost basis of recently acquired coins.

Notably, investors holding coins for 1 week–1 month have an average cost basis of $116,400, while the 1–3 month cohort sits lower at $112,600. Meanwhile, holders in the 3–6 month range show a significantly cheaper cost basis of $93,400. When all these groups of short-term holders are weighted by realized capitalization, the blended average STH cost basis is calculated at around $107,800, i.e., about 1.45%% below present market prices.

This alignment makes the $107,800 level a critical line in the sand, so to speak, for the current bullish structure. If Bitcoin remains above this threshold, short-term holders will remain close to breakeven, reducing the likelihood of widespread panic selling. However, if Bitcoin bulls lose this support zone, many new market entrants will fall into loss territory, increasing the potential for a heightened selling pressure.

In such a bearish scenario, market participants would likely turn their attention toward the $93,400 support area, where the 3–6 month cost basis resides. This level could provide the next significant cushion, given that investors in this cohort are sitting on healthier profits and are likely to display stronger holding conviction.

However, it’s worth stating that the situation is not outright bearish. A decisive recovery above $112,600–$116,400, representing the cost bases of 1–3 months and 1 week–1 month holders, respectively, could restore market confidence and reignite bullish momentum towards a potential return to the present market ATH.

Bitcoin Price Overview

At press time, Bitcoin trades at $109,400 following a 5.65% devaluation in the past month. Meanwhile, the daily trading volume is down by 27.02% and valued at $50.48 billion. With a market cap of $2.15 trillion, Bitcoin remains the largest cryptocurrency and fifth-largest global asset.

The most recent price action for Shiba Inu has drastically declined. Following what appeared to be a textbook recovery, SHIB was brutally denied at the resistance level of $0.0000125 ,which was previously recognized as a critical short-term breakout point. The asset’s vulnerability in current market conditions was revealed by the rejection at this level, which also erased days of cautious gains. 

What could have been a bullish reversal on the daily chart was completely destroyed by the rejection, which occurred almost exactly at the 50 EMA. SHIB is currently trading at about $0.0000121, down almost 3% for the day, and the market momentum has all but vanished. SHIB had just broken above its local support at $0.0000118, attempted to retest important EMAs from below and even displayed indications of growing buying pressure — which makes the technical setup leading up to this breakdown particularly harmful. 

The failure was confirmed when the volume collapsed again, indicating that the pressure was insufficient to overcome the layered resistance. Range-bound consolidation between $0.0000114 and $0.0000122 is the most likely short-term result. The RSI has fallen to 45, suggesting that there is neither overbought pressure nor significant strength supporting buyers at the moment. 

The $0.0000105 zone, which was the starting point for the most recent significant move, might be the next stop if SHIB is unable to hold the $0.0000114 support line. Conversely SHIB needs a clear break above $0.0000126 —preferably with volume — in order to regain any upward credibility. 

Ethereum falls

Ethereum’s recent decline from the $3,700 mark is certainly unexpected, but the situation is not as dire as it might seem. Following a spectacular rally that saw ETH rise more than 35% in a few weeks, the asset encountered resistance just below the $3,700 mark. Today’s candle shows another decline down more than 2% with the price currently trading close to $3,640. The rejection formed a short-term descending trendline.

From a technical standpoint, this is certainly a correction. Luckily, there is not any actual bearish volume to support it. Throughout this retracement, volume has been continuously dropping, and the red candle that is forming today is a result of low participation. This is crucial because volume spikes — which are usually present during strong bearish reversals — are not occurring at this time. 

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Additionally, ETH is cooling off without entering oversold territory, indicating that the selling pressure is weak, as indicated by the RSI remaining above 57. This decline appears to be a healthy cooldown rather than a trend reversal due to the shallow volume profile. The price of ETH may rise rapidly if buyers intervene close to the 20 EMA, which is approximately $3,600, particularly if the overall state of the market stabilizes. 

The subsequent push could easily bring ETH back to retest $3,700, this time with momentum, if it is able to break the descending resistance line. The 50 and 100 EMAs are located at the $3,300 and $3,100 levels, respectively, and should the 20 EMA fail as support, attention will turn there.

Dogecoin gets ready

There is no doubt that a break below $0.20 is imminent based on the price action of Dogecoin. DOGE has been steadily declining since reaching a high of about $0.29 in mid-July. The 50 EMA and 200 EMA clustered together at about $0.213, the most recent rejection creating a confluence of resistance that DOGE was unable to overcome. 

The market’s reluctance to support DOGE at these higher levels is confirmed by today’s 3% decline. This is evident on the chart: declining volume, lower highs and a waning RSI momentum (now at 51) all suggest that DOGE is struggling. Not just technical noise, a decline below $0.20 would indicate the breakdown of a short-term support level and turn the psychological round number into resistance.

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The next support is at $0.19 (100 EMA), and a stronger demand zone will be near $0.175 if DOGE drops $0.20 decisively. A move into that area seems very likely given the bounce attempt’s lack of volume commitment.

Waiting for a confirmed base to form before reentering the market is preferable if DOGE loses $0.20 and closes below it on the daily chart. Before acting, traders should wait for confirmation from the RSI dropping into oversold territory with a bounce or reversal candle. This market structure lacks the hype that DOGE has demonstrated can cause it to blow up. Expecting a continuous bleed is the more realistic course of action until sentiment changes or volume spikes in support.

Bitcoin (BTC) could fall to levels last recorded in early May if a major support level fails to hold, according to a crypto trader.

The trader pseudonymously known as DonAlt tells 66,500 subscribers of the TechnicalRoundup YouTube channel he’s leaning bearish on the crypto king based on his reading of Bitcoin’s daily time frame.

According to the pseudonymous trader, Bitcoin could drop by up to 15% from the current price if the BTC support level, which has so far held since the flagship crypto asset reached a new all-time high of slightly under $112,000, fails.

“If this support goes, this support between $98,000 and $101,000, I think you could see like a nice quick move towards $90,000 again.”

The pseudonymous trader says Bitcoin’s rally to a new all-time high of around $111,800 late last month is a “false breakout” based on the daily time frame. According to DonAlt, “good breakouts” typically do not retest previous support levels.

“Basically, all the good breakouts did not retest… this one [at slightly under $112,000], a little bit different. That one is retesting, which is a sign of a lack of momentum, a lack of urgency.”

The pseudonymous trader, however, says Bitcoin appears more bullish on the higher weekly and monthly time frames.

“This [weekly] time frame is also bullish. It is less bullish than the monthly, though, I will say that.

This is a clean breakout, this is fine, this is a strong chart on the monthly. The weekly, a little bit less so but still good.”

Bitcoin is trading at $105,713 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
Featured Image: Shutterstock/Panuwatccn

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Error: Open Error Block Database

Shutdown: In progress…

If you uninstall the core again and then delete the folder: Block & Chain StateDoes this force another download? Or should I remove the whole roaming?Bitcoin folder?

thank you

XRP Must Avoid Crash Below $2.25 – $2.26

As Bitcoin prices reached a new all-time high in the past week, XRP followed suit, reaching as high as $2.45 before experiencing a price rejection driven by negative macroeconomic pressure due to the new international tariffs by the US Government.

In the day, XRP price notably declined by over 5% from $2.45 to $2.33 before finding some stability to enter a sideways movement as seen in the last few hours. According to CasiTrades, XRP’s rejection aligns with a 1:1 Fibonacci extension of the corrective C-wave pattern in the Elliott Wave Theory, signaling the possible exhaustion of the previous relief rally seen earlier in the week.

Notably, the analyst warns that XRP’s decline may lead to a retest of “major structural support” at the $2.25 – $2.26 price zone, which aligns with the Fibonacci retracement level 0.382. CasiTrades explains that Fib 0.382 has represented a key technical price level over the past six months. 

Therefore, a price break below this level could trigger deeper corrections, forcing XRP’s price as low as $1.55 – $1.90, a price move that would wipe out all price gains that have been recorded since the crypto market uptrend resumed in early April. However, if the $2.25 – $2.26 support zone holds, such market resilience could trigger a new price rally to around $2.70 and beyond. Thereafter, XRP is likely to return to the local peak of the current bull run at $3.84.

XRP Price Overview 

At the time of writing, XRP continues to trade at $2.33 following a 1.45% decline in the past week. However, the altcoin is up by 9.77% in the past month, reflecting that the majority of new market entrants are still in profit. 

In other positive news, Volatility shares launched an XRP futures exchange-traded fund (ETF) on May 22. It is a 1x fund, indicating that it would track the daily performance of XRP futures contracts with no leverage.

With a total market cap of $233.58 billion, XRP remains the 4th largest cryptocurrency and third-largest altcoin in the market.

Ethereum has lost its grip on the key $2,000 level, reigniting fears of a deeper correction as selling pressure returns to the market. Since March 19, ETH has managed to hold above $1,930, but recent weakness has pushed the price dangerously close to breaking below the $1,900 mark. The drop has added fuel to bearish speculation, with traders and analysts now questioning whether a larger pullback is underway.

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The inability to hold above psychological support levels has weighed heavily on sentiment, especially as broader market volatility continues to grow. Top analyst Carl Runefelt shared his outlook on Ethereum’s current structure, noting that the asset has repeatedly failed to overcome resistance at $2,100 — a level that now acts as a firm ceiling for bullish momentum. According to Runefelt, this repeated rejection suggests Ethereum could be in serious trouble if buyers don’t step in soon.

With momentum fading and no clear catalyst in sight, Ethereum risks slipping further if $1,900 fails to hold. Traders are watching closely for signs of a reversal, but for now, the path of least resistance appears to be downward. ETH must regain lost levels quickly to avoid confirming a broader bearish trend.

Bulls Face Key Test As Resistance Weighs on Price Action

Ethereum is under pressure as the broader crypto market faces one of its most crucial tests in months. With macroeconomic uncertainty mounting and fears of a potential recession in the United States, risk assets across the board are struggling to gain traction — and Ethereum is no exception. The current market environment remains hostile, with inflation concerns, unstable monetary policy, and global trade tensions shaking investor confidence.

ETH’s price action has been particularly underwhelming. Despite widespread expectations that Ethereum would lead a strong rally in early 2025, the asset has failed to meet bullish projections. Instead of gaining ground, ETH has stalled and is now struggling to hold support levels amid growing selling pressure.

Runefelt’s bearish outlook suggests that Ethereum has repeatedly failed to break through the $2,100 resistance level. According to Runefelt, this resistance zone is critical — and Ethereum’s inability to overcome it could be a sign of deeper weakness ahead. He warns that if Bitcoin experiences a breakdown, Ethereum could follow and potentially retest the wick near $1,750, which marked a local low during a previous correction.

With momentum fading and no clear bullish catalyst in sight, Ethereum’s price structure remains fragile. Unless bulls reclaim key levels soon, ETH could face a deeper retrace, especially if broader market sentiment continues to deteriorate.

Traders are closely watching Bitcoin and macroeconomic developments for cues, knowing that a decisive move in either direction could shape Ethereum’s next major trend. For now, the pressure is on — and Ethereum’s resilience is about to be tested.

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ETH Bulls Struggle to Hold Key Support

Ethereum (ETH) is currently trading at $1,910 after failing to hold above the critical $2,000 level, a psychological and technical barrier that has now flipped into resistance. The breakdown has weakened short-term momentum and left bulls in a defensive position as selling pressure continues to mount.

At this stage, the $1,880 level has emerged as a key support zone that bulls must defend to avoid a deeper correction. Holding this level could allow for a consolidation phase and give Ethereum a chance to stabilize before attempting another push higher. However, if ETH loses $1,880, it could spark a wave of aggressive selling, triggering a continuation of the current downtrend and potentially pushing the price toward the $1,750 range.

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To regain control of the trend, bulls must reclaim the $2,000 mark as soon as possible. A decisive move back above this level would signal renewed strength and could open the door for a rebound toward higher resistance zones. Until then, Ethereum remains in a fragile position, with the risk of further downside growing as macroeconomic pressure and technical weakness continue to weigh on price action.

Featured image from Dall-E, chart from TradingView 

President Donald Trump ramped up the trade-war hyperbole, threatening to increase import tariffs levied on the EU and Canada if they keep on working to “do economic harm” to the U.S. after announcing a 25% tariff on vehicles and foreign-made auto parts.

Despite the threat, crypto markets remained stable, with bitcoin holding steady at about $87,500. Over 24 hours the largest cryptocurrency is down about 0.6% and the broader CoinDesk 20 Index some 2%.

The growing threats not only raise concerns about economic growth, but also widen the gap between the U.S. and Europe, whose leaders are meeting with Ukraine’s President Volodymyr Zelensky today to work on long-term security guarantees. The summit comes after the U.S. persuaded Ukraine and Russia to agree to a Black Sea ceasefire.

Cryptocurrency prices are being influenced not only by macroeconomic factors, but also by the forthcoming expiry of around $15 billion worth of BTC and ETH options contracts on Friday. The uncertainty has stalled BTC’s price rally, even after video-games retailer GameStop moved to raise $1.3 billion to accumulate the cryptocurrency.

Still, the U.S. House of Representatives has released a bill that’s set to help reduce systemic risks associated with stablecoin usage. Blockchain development is also progressing steadily, with Ethereum’s final Pectra test going live on the Hoodi network.

Looking ahead, the U.S. Senate Banking Committee will today hold a hearing on the nomination of Paul Atkins — who holds up to $6 million in crypto-related assets — as the Chair of the Securities and Exchange Commission. Stay alert!

What to Watch

Crypto:

March 27: Walrus (WAL) mainnet goes live.

April 1: Metaplanet (3350) 10-for-1 stock split becomes effective.

Macro

March 27, 8:30 a.m.: The U.S. Bureau of Economic Analysis releases (Final) Q4 GDP data.

GDP Growth Rate QoQ Est. 2.3% vs. Prev. 3.1%

Core PCE Prices QoQ Est. 2.7% vs. Prev. 2.2%

PCE Prices QoQ Est. 2.4% vs. Prev. 1.5%

Real Consumer Spending QoQ Est. 4.2% vs. Prev. 3.7%

March 27, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended March 22.

Initial Jobless Claims Est. 225K vs. Prev. 223K

March 27, 10:00 a.m.: The U.S. Senate Banking Committee will hold a hearing on the nomination of Paul Atkins to the chair of the Securities and Exchange Commission (SEC). Livesteam link.

March 27, 3:00 p.m.: Mexico’s central bank announces its interest rate decision.

Target Rate Est. 9% vs. Prev. 9.5%

March 28, 8:00 a.m.: The Brazilian Institute of Geography and Statistics (IBGE) releases February unemployment rate data.

Unemployment Rate Est. 6.8% vs. Prev. 6.5%

March 28, 8:00 a.m.: Mexico’s National Institute of Statistics and Geography releases February unemployment rate data.

Unemployment Rate Est. 2.6% vs. Prev. 2.7%

March 28, 8:30 a.m.: Statistics Canada releases January GDP data.

GDP MoM Est. 0.3% vs. Prev. 0.2%

March 28, 8:30 a.m.: The U.S. Bureau of Economic Analysis releases February consumer income and expenditure data.

Core PCE Price Index MoM Est. 0.3% vs. Prev. 0.3%

Core PCE Price Index YoY Est. 2.7% vs. Prev. 2.6%

PCE Price Index MoM Est. 0.3% vs. Prev. 0.3%

PCE Price Index YoY Est. 2.5% vs. Prev. 2.5%

Personal Income MoM Est. 0.4% vs. Prev. 0.9%

Personal Spending MoM Est. 0.5% vs. Prev. -0.2%

April 2, 12:01 a.m.: The Trump administration’s reciprocal tariffs plan, announced Feb. 13, takes effect alongside a 25% tariff on imported automobiles and certain parts announced March 26.

Earnings (Estimates based on FactSet data)

March 27: KULR Technology Group (KULR), post-market, $-0.02

March 28: Galaxy Digital Holdings (GLXY), pre-market, C$0.38

Token Events

Governance votes & calls

DYdX DAO is discussing the allocation of $10 million to fund the most profitable traders on the platform in a bid to attract talent. The DAO is also voting on creating a new liquidity tier designed for “markets introduced through the Instant Market Listings” feature.

Venus DAO is discussing the potential acquisition of a 33% stake in Thena.fi for $4.5 million to position Venus to “build a comprehensive DeFi SuperApp on the BNB Chain.”

Balancer DAO is discussing the establishment of a Balancer Alliance Program, which would see the protocol share a portion of the revenue it generates with key ecosystem partners in the form of USDC as veBAL.

CoW DAO is discussing updating the score definition for buy orders after a Base network incident revealed that the current definition could lead to an excessive allocation of solver rewards.

March 27, 9 a.m.: PancakeSwap and EOS Network Foundation to host an Ask Me Anything (AMA) session.

March 27, 12 p.m.: Cardano Foundation to hold a livestream with its CTO breaking down the project’s roadmap.

March 27, 12 p.m.: Header to host a Community Call with support for Post-Quantum Cryptographic Algorithm, sponsored feels ,and AI tools on the agenda.

March 27., 1 p.m.: Alchemy Pay to host a Community AMA session.

March 28, 3 a.m: Ontology to hold a Weekly Community Update via X Spaces.

Unlocks

March 31: Optimism (OP) to unlock 1.93% of its circulating supply worth $28.67 million.

April 1: Sui (SUI) to unlock 2.03% of its circulating supply worth $178.46 million.

April 1: ZetaChain (ZETA) to unlock 6.05% of its circulating supply worth $17.66 million.

April 2: Ethena (ENA) to unlock 0.77% of its circulating supply worth $17.63 million.

April 3: Wormhole (W) to unlock 47.64% of its circulating supply worth $144.79 million.

April 7: Kaspa (KAS) to unlock 0.59% of its circulating supply worth $11.74 million.

April 9: Movement (MOVE) to unlock 2.04% of its circulating supply worth $24.92 million.

Token Listings

March 27: Walrus (WAL) to be listed on Gate.io, KuCoin, Bluefin, MEXC, Bitget, and Bybit.

March 28: Binance to delist Aergo (AERGO).

March 31: Binance to delist USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG.

Conferences

CoinDesk’s Consensus is taking place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes.

Day 2 of 3: Real World Crypto Symposium 2025 (Sofia, Bulgaria)

March 27: Building Blocks (Tel Aviv)

March 27: Digital Euro Conference 2025 (Frankfurt)

March 27: Web3 Banking Symposium 2.0 (Lugano, Switzerland)

March 27: WIKI Finance EXPO Hong Kong 2025

Day 1 of 2: Money Motion 2025 (Zagreb, Croatia)

March 28: Solana APEX (Cape Town)

April 2-3: Southeast Asia Blockchain Week 2025 Main Conference (Bangkok)

April 2-5: ETH Bucharest Conference & Hackathon (Bucharest, Romania)

April 3-6: BitBlockBoom (Dallas)

Token Talk

By Shaurya Malwa

A viral AI art trend fueled by OpenAI’s new 4o model sparked a surge in Studio Ghibli-themed memecoins, blending nostalgia with cryptocurrency speculation as fans create Ghibli-style images and traders capitalize on the hype.

The ghiblification (GHIBLI) token, the largest, boasted a $21 million market cap and $70 million in trading volume within 24 hours driven by over 250,000 trades on the Ethereum and Solana blockchains.

The trend, marked by the #GhibliAI hashtag amassing millions of hits on X and Instagram, reflects internet culture’s love for humor and absurdity, attracting speculators with low-cost, high-volatility tokens.

Smaller Ghibli-inspired tokens like Ghilbi Doge, NoFace and Yutaro lag behind GHIBLI in trader interest, while the latter’s liquidity pool holds just over $330,000 in Solana’s SOL.

Derivatives Positioning

While BTC, ETH CME futures yields stopped falling early this month, there has been a noticeable lack of progress, particularly in the wake of continued corporate adoption of bitcoin. The divergence suggests sophisticated market players remain cautious.

BTC, ETH perpetual funding rates on offshore exchanges are barely positive, another sign of cautious sentiment.

TRX, XMR, TON and SUI are the only top 25 coins with positive net cumulative volume deltas for the past 24 hours. The positive value indicates net buying in the perpetual futures market.

BTC and ETH short-end options-based implied volatility indexes continue to drift lower, with investors still pricing bigger swings in ETH relative to bitcoin.

Deribit-listed options continue to show a bias for short duration puts in BTC, ETH, SOL and XRP.

Market Movements:

BTC is up 0.22% from 4 p.m. ET Wednesday at $87,494.70 (24hrs: -0.86%)

ETH is up 0.69% at $2,025.47 (24hrs: -1.90%)

CoinDesk 20 is up 0.48% at 2,757.13 (24hrs: -2.19%)

Ether CESR Composite Staking Rate is up 2 bps at 2.97%

BTC funding rate is at 0.0087% (3.1744% annualized) on Binance

DXY is unchanged at 104.47

Gold is up 0.82% at $3,045.80/oz

Silver is up 1% at $34.37/oz

Nikkei 225 closed -0.6% at 37,799.97

Hang Seng closed +0.41% at 23,578.80

FTSE is down 0.66% at 8,632.24

Euro Stoxx 50 is down 0.7% at 5,373.68

DJIA closed on Wednesday -0.31% at 42,454.79

S&P 500 closed -1.12% at 5,712.20

Nasdaq closed -2.04% at 17,899.02

S&P/TSX Composite Index closed -0.7% at 25,161.10

S&P 40 Latin America closed -0.83% at 2,460.26

U.S. 10-year Treasury rate is up 4 bps at 4.4%

E-mini S&P 500 futures are unchanged at 5,763.25

E-mini Nasdaq-100 futures are unchanged at 20,112.25

E-mini Dow Jones Industrial Average Index futures are up 0.16% at 42,815.00

Bitcoin Stats:

BTC Dominance: 61.69 (-0.14%)

Ethereum to bitcoin ratio: 0.02317 (0.17%)

Hashrate (seven-day moving average): 838 EH/s

Hashprice (spot): $49.19

Total Fees: 9.67 BTC / $846,444x

CME Futures Open Interest: 144,470 BTC

BTC priced in gold: 28.8 oz

BTC vs gold market cap: 8.17%

Technical Analysis

The share price of bitcoin-holder Strategy (MSTR) has risen past $320, confirming a bullish double bottom breakout.

The pattern suggests potential for a rally for the Nasdaq-listed shares to resistance at $410.

Crypto Equities

Strategy (MSTR): closed on Wednesday at $329.31 (-3.66%), up 0.48% at $330.89 in pre-market

Coinbase Global (COIN): closed at $193.95 (-5.03%), up 0.81% at $195.52

Galaxy Digital Holdings (GLXY): closed at C$18.08 (-3.06%)

MARA Holdings (MARA): closed at $13.79 (-3.23%), up 0.51% at $13.86

Riot Platforms (RIOT): closed at $7.9 (-7.17%), up 1.01% at $7.98

Core Scientific (CORZ): closed at $7.63 (-11.89%), up 1.97% at $7.78

CleanSpark (CLSK): closed at $8.12 (-6.99%), up 0.62% at $8.17

CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $14.32 (-8.5%)

Semler Scientific (SMLR): closed at $39.57 (-6.63%)

Exodus Movement (EXOD): closed at $50 (-10.78%), up 0.6% at $50.30

ETF Flows

Spot BTC ETFs:

Daily net flow: $89.6 million

Cumulative net flows: $36.33 billion

Total BTC holdings ~ 1,115 million.

Spot ETH ETFs

Daily net flow: -$5.9 million

Cumulative net flows: $2.43 billion

Total ETH holdings ~ 3.406 million.

Source: Farside Investors

Overnight Flows

Chart of the Day

AI is the worst-performing crypto market sector of the past 24 hours.

The dire performance is consistent with losses in AI-related stocks on Wall Street supposedly triggered by Microsoft abandoning data center projects set to use 2 gigawatts of electricity in the U.S. and Europe.

While You Were Sleeping

Dogecoin Gains, XRP Slumps as Trump Warns of ‘Far Larger’ Tariffs (CoinDesk): President Donald Trump threatened Canada and the EU with higher tariffs if they collaborated and harmed the U.S. economy. His post on Truth Social damped early positive sentiment in crypto markets.

Rattled by Trump, America’s Allies Shift to Defense Mode (The New York Times): Trump’s 25% auto tariff alarmed allies including Canada, Japan and Germany, who see it as a breach of decades-old economic and defense partnerships with the U.S.

BlackRock Expands Digital Asset Team, Adds Four High-Level Roles (CoinDesk): The asset manager advertised for a director of digital assets, director of regulatory affairs, vice president for digital asset and ETF legal counsel, and associate for digital assets.

Robinhood, Moving Beyond Meme Stocks, Now Wants to Be Your Bank (Bloomberg): Later this year in the U.S., Robinhood Gold subscribers will gain access to savings and checking accounts offering high yields, same-day cash delivery and services like estate planning.

Donald Trump’s Cuts to US Government Raise Worries Over Economic Data Quality (Financial Times): Economists say the Department of Government Efficiency could undermine the quality of U.S. economic data by weakening agencies behind key indicators like inflation and jobs reports.

Studio Ghibli Craze Inspires Memecoins on Ethereum, Solana After OpenAI’s 4o Release (CoinDesk): AI-generated art styled after Studio Ghibli films has gone viral, sparking the creation of Ghibli-themed cryptocurrencies, with ghiblification (GHIBLI) reaching a market cap of $21 million.

In the Ether