$Trove TGE's performance was miserable, down 90%! Pump Fund officially announced!

The market as a whole is under pressure, with all four major currencies down.

Bitcoin prices fell by about 2%, reporting $ 91,100; Ethereum declined more, falling by about 4% to $ 3,105; Solana ( SOL ) fell 3%, reported $ 129; XRP fell 2% and reported $ 1.93.

Despite the weak market sentiment, some token s were still rising: CC led by 12%, MYX was up 5%, and SYRUP rose 4%, making it one of the best performers on the day.

Traditional financial and payments giant persistent layout on-chain assets

There have been a number of developments in the news on an institutional level. The New York Stock Exchange (NYSE) has begun preparations to launch its all-weather token hybrid stock and ETF trading service, which means that traditional securities trading is expected to extend further into the on-chain scenario.

Restaurant chain Steak 'n Shake disclosed its Bitcoin holdings, revealing that it held approximately US$10 million of the Bitcoin , while also announcing the establishment of an enterprise-grade strategic reserve for Bitcoin .

Ethereum co-founder Vitalik Buterin addressed the issue at a governance level, calling on communities to explore better models of DAO governance in order to improve accountability mechanisms, collaboration efficiency and long term sustainability.

Bermuda moves ahead with national on-chain economic pilot

The Bermudian government has unveiled a blueprint for the construction of an all- on-chain national economy and will collaborate with Coinbase and Circle in areas such as payment systems, digital identity, and financial infrastructure. If successful, this initiative would be a landmark case for sovereign states to fully embrace on-chain technology.

Bitcoin ETF Funds flow to decentralization, meme coins synchronized back and forth

On the cash flow side, Bitcoin recorded net outflows of $394 million on Friday, ending a four-day streak of net inflows; in contrast, Ethereum maintained net inflow with $4.7 million that day.

In line with the main market trend, there was a general decline in the meme coin sector: Dogecoin ( DOGE ) and Shiba Inu ( SHIB ) each fell 1%, PEPE dropped 2%, TRUMP and Bonk both slipped by 1% respectively, Pengu plunged as much as 4%, SPX plummeted 12%, WIF fell 1% while Fartcoin fell 8%.

on-chain Hot token USOR up 70%, GSD up 50%, Eliza Town up to 800% and is at the top of the list.