Daily Crypto Roundup: Bitcoin Slides as Robinhood Pushes DeFi and Stripe Battles Swift

Bitcoin has slipped back toward $63,000 as a global sell-off in semiconductor and artificial intelligence stocks spreads into the cryptocurrency market. Ethereum is falling harder than Bitcoin, Hyperliquid has suffered a sharp decline, and Dogecoin is testing a crucial support level as demand for its exchange-traded funds disappears.

In today’s Daily Crypto Roundup, we examine whether Bitcoin’s latest rejection near $65,000 leaves the market vulnerable to another move lower and why rising oil prices could create an additional problem for inflation and future interest-rate cuts.

We also investigate Robinhood’s high-stakes attempt to bring more than 10 million casual investors into decentralized finance, including the extraordinary trading activity appearing on Robinhood Chain and the dominance of memecoin speculation over tokenized stocks and other real-world assets.

Elsewhere, Stripe and Swift are battling for control of the next generation of global payment infrastructure, while Citadel Securities has invested $400 million into Crypto.com at a reported $20 billion valuation. We explain why these developments could have major consequences for stablecoins, tokenized securities, blockchain settlement and the future relationship between cryptocurrency and traditional finance.

We will see you at the top.