💥 Fans of Changpeng Zhao (CZ), the founder of Binance, decided to honor their idol in grand style — they’re raising $50,000 to install a four-meter golden statue of the entrepreneur in front of the U.S. Capitol. The monument, standing 4.3 meters tall, is meant to symbolize “the freedom of cryptocurrency.” Not everyone is thrilled, though: political circles in Washington are already joking that if Donald Trump sees such an “initiative,” he might rethink giving Musk or CZ the promised pardon.
Meanwhile, Bitcoin failed to stay above the $115,000 mark. Despite that, investors remain cautiously optimistic — the Fed’s rate cut and the anticipated U.S.-China deal this week continue to support the markets.
In Asia, there’s its own news: the People’s Bank of China announced the resumption of its government bond purchase program to stimulate the domestic economy and stabilize the financial sector.
On the U.S. political front, things are heating up again. Congressman Ro Khanna proposed a bill that would prohibit American politicians from owning cryptocurrency. According to him, officials should avoid conflicts of interest — but the proposal sparked outrage in the crypto community, which reminded Khanna of his own investments in tech companies. It seems the congressman is skating on thin ice.
Right after that came news from S&P Global, which assigned the company Strategy a B- credit rating — or “junk.” For the firm founded by Michael Saylor, that’s a painful blow: investors had expected the company, known for its heavy Bitcoin purchases, to serve as a kind of “shield” against market risks. Analysts, however, deemed its business model too vulnerable.
Stock exchanges also saw some activity. The St. Petersburg Exchange launched trading on a calculated ETN index — a move toward expanding its line of instruments for crypto-interested investors.
In corporate news, there’s real drama: Evernorth Holdings purchased $1 billion worth of XRP, showing confidence in the token’s future, while ETHZilla sold $40 million worth of Ethereum (ETH) to finance a share buyback. The market took it as a sign — even crypto giants are starting to act more cautiously.
Amid all the action, the crypto market remained relatively stable but not without standout movements. Leading the past 24 hours: Hedera (HBAR) rose by 15.46% to $0.2102; meme token TRUMP climbed 8.12% to $6.76; and LEO strengthened by 4.63% to $9.38.
🔥 In the crypto world, as always, it’s a storm of events, unexpected twists, and a fair share of irony — from golden statues and “junk” ratings to bills written by people who barely understand what blockchain even is.
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