CMC Market Pulse: Stablecoins Surge Amidst Market Jitters

TL;DR;

This week's crypto market saw a 2% drop in total market capitalization to $3.372T, with BTC up 1.3% and ETH up 0.85%. A $320M long liquidation occurred on Tuesday. Despite Middle East conflict escalation, crypto and stocks remained relatively stable. Stablecoin momentum is building with the GENIUS Act passing, Treasury predictions of $3.7T by 2030, and JPM launching a stablecoin on Base. Mantle launched UR, EigenLayer unveiled EigenCloud, and Kraken's L2 "Ink" announced the INK token. Bybit dropped ByReal, Aave V4 launched, Meteora added a Rate Limiter, and CoWSwap debuted batch auctions. Key takeaways include watching stablecoin adoption, tracking EigenLayer, and monitoring SOL exposure.