It was a turbulent week for the crypto market. A Reuters investigation discovered that Donald Trump and his household quietly pocketed at the least $2.3 billion from their crypto ventures, whereas exterior traders absorbed comparable losses.
Elsewhere, the Siren token imploded 96% from its peak in what seems like a textbook pump-and-dump, and Robinhood rattled Wall Street by successful regulatory approval to underwrite IPOs, placing it in direct competitors with Goldman Sachs and Morgan Stanley. These are simply the headlines. Learn the total recap to catch all the things that moved the market this week.
Siren Token Collapses 96% From Peak in Suspected Pump-and-Dump
Siren’s SIREN token has crashed over 70% in 24 hours, down 96% from its yearly excessive, with market cap shrinking from $1.7 billion to $102 million. Whales are actively dumping; one made $7.5 million offloading tokens. The coin has no utility or web site, fueling suspicions of a traditional pump-and-dump scheme.
TRUMP Coin Jumps 31% on Iran Diplomacy Information, However Skeptics Warn It Gained’t Final
TRUMP Coin surged 31% to $2.29 Friday, with buying and selling quantity spiking 335% to $848 million, after Donald Trump signaled a possible diplomatic take care of Iran. The token broke an eight-month downtrend, however analysts stay divided. Some see a real breakout, others name it a short-lived “rip-off bounce” on a coin nonetheless down 53% in 2026.
Humanity Protocol Bounces 345% After Hack – However Is It a Entice?
Humanity Protocol’s H token surged 345% after a hacker stole $30 million by compromising a director’s personal keys via a phishing assault. The BSC chain stays completely uncovered because the attacker can nonetheless mint tokens. Analysts warn that the rally seems like a dead-cat bounce, citing Mantra’s comparable post-hack rebound, which finally collapsed to close zero.
Coinbase Brings Ethena’s Excessive-Yield DeFi to Its App
Coinbase and Ethena have launched the Steakhouse Excessive Yield Vault, giving Coinbase customers entry to DeFi yields via Ethena’s artificial greenback, USDe, by way of the Morpho lending protocol, all inside the Coinbase app. Steakhouse Monetary curates the vault, whereas Morpho handles on-chain lending, concentrating on greater returns than customary stablecoin merchandise with out requiring customers to make use of separate DeFi instruments.
Dogecoin Down 82% With More Ache Presumably Forward
Dogecoin has crashed 82% from its peak, falling under $0.0845 as demand for meme cash dries up throughout spot, futures, and ETF markets. Open curiosity has collapsed from $6 billion to below $1 billion. With a bearish flag forming on the chart and the RSI close to oversold territory, analysts see $0.057 as the subsequent goal.
Bithumb CEO Named Bribery Suspect in South Korean Political Scandal
South Korean police have named Bithumb CEO Lee Jae-won a bribery suspect, alleging he organized a job for a lawmaker’s son in change for political favors. Investigators are additionally probing whether or not that lawmaker then used parliamentary periods to stress rival change Upbit, elevating severe questions on political interference in South Korea’s crypto market.
Saylor’s Two Metrics for Judging Technique Inventory
Michael Saylor needs traders to guage Technique utilizing two distinct measures: Web Belongings per Share, which displays conventional balance-sheet power after deducting debt, and BTC per Share, which tracks how a lot Bitcoin publicity every share carries. He views the latter because the Bitcoin-native model of earnings per share, and Technique’s major aim is to develop it.
Audiera’s 8-Day Rally Appears Like a Entice, Analysts Warn
Audiera’s BEAT token has surged to a $1.87 billion market cap over eight consecutive days, however analysts are skeptical. With no main catalyst, an RSI of 98, and a sample mirroring Humanity token’s current 90% collapse, technicals counsel a pointy reversal may very well be coming.
Crypto Hacks Surge as Humanity Protocol and Mantra Collapse
Crypto hacks are accelerating, with traders dropping $1.48 billion over the previous 12 months. Humanity Protocol misplaced $30 million to a non-public key breach after its token surged 1,700%. Mantra, as soon as valued at $7.8 billion, now sits at $11 million following a suspicious April collapse, deepening an already brutal crypto winter.
Robinhood Will get Underwriting Approval, Takes Goal at Wall Street IPO Giants
Robinhood has obtained regulatory approval to underwrite IPOs, not simply distribute shares. The transfer lets the corporate assist construction offers and negotiate retail allocations straight, placing it in competitors with Goldman Sachs and Morgan Stanley. CEO Vlad Tenev says the aim is to provide retail traders earlier, fairer entry to choices which have traditionally been dominated by establishments.
Morpho Raises $175M, Eyes $2.10 Breakout
Morpho secured a document $175 million DeFi funding spherical led by Paradigm, a16z, and Ribbit Capital, sending MORPHO up 8.5% to $1.93 towards a fearful broader market. The protocol now holds $11 billion in deposits and is closing the hole on Aave. Technically, $2.10 is the important thing breakout stage to look at.
Kalshi Requires Employer Disclosure to Struggle Insider Buying and selling
Kalshi, the CFTC-regulated prediction market, will quickly require sure merchants to reveal their employers earlier than betting on delicate markets like elections and company occasions. The transfer is a part of a broader compliance push that features a surveillance advisory committee and a partnership with Solidus Labs to observe over 4,000 markets for suspicious exercise.
Trump Crypto Empire: $2.3B Gained, Billions Misplaced by Backers
A Reuters investigation discovered that Donald Trump and his sons made at the least $2.3 billion from crypto ventures, together with World Liberty Monetary and branded memecoins, whereas risking little of their very own cash. Outdoors traders in the identical tasks have misplaced roughly the identical quantity on paper. The White Home denies any wrongdoing.
Worldcoin Bucks the Development With 31% Weekly Acquire, and a 710% Goal in Play
Worldcoin is up 31% this week and 70% this month, buying and selling close to $0.49 whereas most crypto property slide. The rally is fueled by Arthur Hayes’s backing of WLD and rising pleasure round Sam Altman’s plans for OpenAI’s IPO. Technically, WLD is urgent towards a multi-year descending triangle; a breakout might goal features of as much as 710%.
Zcash Bounces 16%, However Restoration Appears Fragile
Zcash has clawed again to round $420 after final week’s 50% crash, triggered by a counterfeiting flaw in its Orchard privateness pool. Builders patched it quick, however doubts about provide integrity linger. Analysts see the rebound as a reduction rally, with $500 as the important thing resistance stage to look at.
