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Macro headlines led the session, as BlackRock and Deutsche Bank executives said fiscal deficits are more pressing than the AI bubble. The comments shift focus toward sovereign debt and deficit risks, a theme likely to pressure risk assets and reset crypto market sentiment.
Crypto coverage remained active, with Probly closing TOKEN2049 Singapore and WHALE3RA to strengthen on-chain prediction markets, while XRP ($1.37 · Live) rebounded about 10% and PEPE ($0.00 · Live) rose 8.83% to the top of the Bollinger Band near an $0.00000419 resistance zone. Whale data showed over 4.61 million ETH ($2,474.97 · Live) swapped from UBTC, Bankless founder projected ZEC ($1,318.00 · Live) could reach 10% of Bitcoin’s market value and possibly 25% in the next cycle, and WLD ($0.58 · Live) faced analyst resistance at $0.58 with mixed momentum signals.
Institutional and infrastructure developments added context, including Coinbase’s quantum-safe Bitcoin plan, Kalshi’s support for crypto-asset collateral in perpetual futures margins, and Morgan Stanley’s raised SpaceX target to $500 with a buy rating. Together, macro caution, crypto price action, and adoption pilots point to a market weighing liquidity risks and long-term innovation narratives.
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