Is This the Start of Web 4.0, Pump Fun Launches Cashback Coins, WLFI See’s +22% Jump

Crypto majors are slightly red with ETH leading; BTC -1% at $67.4K; ETH even at $1,970; SOL -3% at $83; XRP even at $1.46. WLFI (+22%), KITE (+17%) and NIGHT (+7%) led top movers. Bitcoin open interest has collapsed 55% from its October 2025 peak of $94B to ~$44B, the steepest drawdown since April 2023. Dragonfly Capital closed Fund IV at $650 million, $150M above its original target, making it one of the largest crypto VC raises of the cycle. BlackRock and Coinbase revealed they’ll take an 18% cut of staking rewards from BlackRock’s forthcoming iShares Staked Ethereum Trust ETF (ticker: ETHB). The Netherlands may force crypto holders to liquidate assets to cover taxes under proposed Dutch reforms that would apply levies to unrealized gains. The Ethereum Foundation is exploring AI tools for drafting governance proposals and moderating community meetings. Abu Dhabi’s Mubadala and Al Warda collectively held over $1 billion in BlackRock’s IBIT at year-end 2025.