TDLR - Daily Market Report #644

- Extreme fear: Fear & Greed Index hit 5, the lowest ever. Levels only seen in 2018, March 2020, and post-FTX. Despair is fully priced in, not a guaranteed bottom.

- $BTC at $67.7k, dominance 59%. Biggest realized loss event in Bitcoin history last week.

- Standard Chartered sees $BTC $50k / $ETH $1.4k. JPMorgan bullish on H2. Bernstein still at $150k. Institutions rotating, not exiting.

- $ETH at $1,985, small bounce but still fragile below $2k.

$XRP at $1.39, sub-$1 being discussed despite long-term plans.

$BNB at $614, supported by tokenized collateral launch and CZ AMA. $SOL at $82, muted activity. $DOGE at $0.093, memecoins led short-term bounce.

- Perp DEXs strong: $HYPE led the bounce, unlocks mostly re-staked, volumes keep beating CEXs. $ASTER also among top gainers.

- Sonic / Andre Cronje: Clarification confirms Andre saved the project after the original ICO team failed. Built Lachesis, rebuilt treasury to nine figures, no salary or tokens for eight years. Flying Tulip teased. $S worth watching.

- AI x Crypto accelerating: Coinbase agentic wallets live, Stripe enabled USDC agent payments, 20k+ AI agents deployed across Ethereum, Base, and BNB Chain.

- Institutions keep building: BlackRock bringing $2.2B BUIDL to DeFi via $UNI. SWIFT, BoE, HSBC, and multiple central banks testing tokenization. Infra build continues despite price.

- Regulation & consequences: Gemini exiting Europe and Australia. High-profile fraud sentences. SwissBorg shipped withdrawal time-lock protection, real-world security matters.

- @xeetdotai launched certified creator cards. In markets like this, builders and creators make more fun tbh.

Give me your card please.