🚀 CMC Market Pulse: Chop Season Returns as Bitcoin Struggles. BTC -1.2%, ETH +7%! $1B in long liquidations! Altcoin treasury trend explodes: DOGE, ENA, LTC! Polymarket drops $112M to go legal in the US! Let’s break down this week’s top crypto narratives 🧵 1/6
📉 Market Overview: BTC -1.18% as it fails again at $120K. ETH held strong at +7.17%. Total crypto mcap rose slightly to $3.944T (+1.83%). Over $1B in longs were liquidated mid-week as volatility returned. Funding rates cooled as majors reset post-rally. 2/6
📰 Narrative of the Week: Altcoin Treasury Companies: It’s not just BTC and ETH anymore. Bit Origin plans $500M DOGE treasury. MEI Pharma goes LTC-heavy with $100M PIPE and Charlie Lee on board. TGLY to invest $360M in ENA as part of its treasury strategy. 3/6
🗓️ Major Project Updates: Polymarket spends $112M to buy a CFTC-regulated exchange and clearinghouse, reentering the U.S. post-DoJ probe. EigenLayer rolls out Redistribution, enabling slashed funds to be reused. Kaito launches Capital Launchpad tied to social rep and on-chain history. 4/6
🏦 DeFi Brief: Anchorage partners with Ethena to launch USDtb in the U.S., compliant with the GENIUS Act. Fluid DEX Lite launches a credit layer to cut gas and boost platform yield. World Liberty Financial angers token buyers with surprise vesting changes. 5/6
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