Crypto Rips on Cool CPI, PumpFun Pumps on First Major Unlock, Cashcat DOWN 30% + World Cup Talk

Crypto majors are very green after a cold CPI print; BTC +3% at $64.5k; ETH +4% at $1,870; SOL +2% at $77; HYPE +7% at $68. PUMP (+15%), GNO (+13%), ZEC (+12%) and Virtuals (+8%) led top movers. Oil -1% at $80; Gold -1% at $4,035. Stock futures are slightly green; DOW flat, Nasdaq +0.4%. The SEC Crypto Task Force met with Hyperliquid’s Policy Center on Tuesday to discuss crypto regulation and how Hyperliquid fits in. Several Senate Democrats came out against the CLARITY Act, calling it a “corrupt bill” at a press conference, escalating opposition over its failure to bar Trump and his family from profiting off crypto. The CFTC moved to stop Kalshi from canceling trades as ordered by a Michigan court, siding with the prediction-market platform in a jurisdictional clash between the federal regulator and the state. The US and UK moved to align rules for tokenized finance, linking the world’s two largest financial markets in a coordinated push to set shared standards as tokenization scales. JPMorgan said Hyperliquid’s rise threatens Circle’s USDC economics, creating a “prisoner’s dilemma” that pits Circle and Coinbase against each other for distribution. Mizuho downgraded Circle to underperform and cut its price target to $50 on the Open USD threat, warning the 140-backer consortium endangers USDC’s core reserve-yield economics. Meanwhile, Circle signed an MOU with JCB, Japan’s largest card network, to explore stablecoin payments across roughly 40 million merchants. Coinbase’s Head of Platform said that 95-100% of its code is now written by AI or AI-assisted. Powered by https://myriad.markets/markets