Trump Tariffs 3, NYSE Tokenisation, and Claude Memes Analysis

Major cryptocurrencies traded lower in the wake of market turbulence sparked by tariff announcements from Donald Trump. Bitcoin (BTC) dropped 2% to $91,100, Ethereum (ETH) declined 4% to $3,105, Solana (SOL) fell 3% to $129, and XRP slipped 2% to $1.93. Meanwhile, top-performing altcoins included CC, which gained 12%, MYX, which rose 5%, and SYRUP, which climbed 4%.

In traditional finance and infrastructure developments, the New York Stock Exchange (NYSE) has initiated preparations to launch 24/7 tokenized stock and exchange-traded fund (ETF) trading. Additionally, Bermuda released a strategy outlining its vision for a completely onchain national economy, partnering with Coinbase and Circle to build out infrastructure for payments, digital identity, and tokenized finance.

Corporate adoption of digital assets continued to expand as Steak ’n Shake disclosed approximately $10 million in Bitcoin holdings and established a corporate strategic reserve for the cryptocurrency. On the governance front, Ethereum co-founder Vitalik Buterin advocated for the adoption of more advanced Decentralized Autonomous Organization (DAO) governance structures to enhance long-term sustainability, coordination, and accountability.

Corporate Treasuries and ETFs

Bitcoin exchange-traded funds recorded $394 million in net outflows on Friday, bringing an end to a four-day streak of positive inflows. Conversely, Ethereum ETFs managed to stay in positive territory, pulling in $4.7 million in net inflows.

Memes and Onchain Movers

The broader downturn extended to major meme coins. Dogecoin dropped 1%, Shiba Inu fell 1%, PEPE declined 2%, TRUMP lost 1%, Bonk dipped 1%, Pengu slid 4%, SPX crashed 12%, WIF decreased 1%, and Fartcoin gave up 8%. On the other hand, select onchain assets bucked the trend, led by USOR with a 70% surge, GSD up 50%, and Eliza Town skyrocketing 800%.

Frequently Asked Questions

• How did major cryptocurrencies perform following the tariff news?

  Major cryptocurrencies saw declines, with Bitcoin dropping 2% to $91,100, Ethereum falling 4% to $3,105, Solana sliding 3% to $129, and XRP decreasing 2% to $1.93.

• What major institutional shift is the NYSE preparing for?

  The New York Stock Exchange has started preparations to introduce 24/7 trading for tokenized stocks and exchange-traded funds (ETFs).

• What did Steak ’n Shake announce regarding Bitcoin?

  Steak ’n Shake revealed that it holds approximately $10 million in Bitcoin and has established a corporate BTC strategic reserve.

• What was the performance of Bitcoin and Ethereum ETFs?

  Bitcoin ETFs experienced $394 million in net outflows on Friday, ending a four-day inflow streak, while Ethereum ETFs remained positive with $4.7 million in inflows.

• Which meme coins and onchain assets posted significant moves?

  While major meme coins like SPX, Pengu, and Fartcoin trended downward, specific onchain assets saw massive gains, led by Eliza Town (+800%), USOR (+70%), and GSD (+50%).