Trump's tariff announcements sent crypto majors into the red Friday. Bitcoin dropped 2% to $91,100 while Ethereum fell 4% to $3,105. Solana, XRP, and other alts followed suit. The weakness broke a four-day ETF inflow streak, with Bitcoin ETFs seeing $394M in net outflows.
The tariff noise overshadowed several bullish developments. The NYSE began preparations for 24/7 tokenized stock and ETF trading, signaling institutional appetite for onchain assets. Steak 'n Shake revealed roughly $10M in Bitcoin holdings and established a corporate BTC strategic reserve, joining the growing list of companies treating crypto as treasury-grade assets.
On the infrastructure front, Bermuda outlined an ambitious plan to build a fully onchain national economy in partnership with Coinbase and Circle. The initiative covers payments, identity verification, and tokenized financial infrastructure.
Vitalik Buterin pushed for more sophisticated DAO governance models, arguing that current structures lack the accountability and coordination needed for long-term sustainability. The call highlights tension between decentralization ideals and practical governance challenges as DAOs control billions in assets.
Smaller caps CC, MYX, and SYRUP led movers with gains of 12%, 5%, and 4% respectively, showing retail still chasing momentum plays despite macro headwinds.