Crypto Flat, A16z Raises $15B for AI/Crypto, Powell vs Trump, X Cashtags
Cryptocurrencies are mostly flat as the week begins, with Bitcoin steady at $90,600 and Ethereum up 1% at $3,110. Monero hit a new all-time high at $590. Federal Reserve Chair Jerome Powell claims criminal charges against him stem from disagreements with Trump over interest rate cuts. X (formerly Twitter) is planning "smart cashtags" for live crypto and stock prices. Andreessen Horowitz (a16z) has raised $15 billion to fund American Dynamism, focusing on AI and crypto. Ripple received FCA approval to expand crypto payments in the UK. BNY Mellon introduced tokenized deposits for institutional clients. A House bill aims to restrict lawmakers from using prediction markets. Tether froze $182 million in USDT linked to Venezuelan oil trades.
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