Hello,

Welcome to the 22nd edition of the Fiat Bridge Daily Crypto Newsletter.

Today, we are emphasizing token launches, governance changes, and market shifts that could offer real value or alpha for investors.

Over the last 24 hours, the total crypto market capitalization decreased by 2.3% to $3.15 trillion, while BTC fell by 2.3% to $90,865, ETH dropped by 3.6% to $3,089, and SOL declined by 3.7% to $128.

These moves were largely driven by global trade tensions, including U.S. tariff threats tied to geopolitical issues like Greenland, which spurred a risk-off mood across markets.

Let's dive in.

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Now let’s go to the Market Pulse and the best-performing assets of the last 7 days.

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Now let’s get to the top stories of the day.

The New York Stock Exchange (NYSE) is building a blockchain-based platform for tokenized securities, allowing round-the-clock trading and instant settlements.

Tokenization means converting real-world assets like stocks or ETFs into digital tokens on a blockchain for faster, cheaper transactions.

This could open doors for everyday investors to trade tokenized versions of traditional assets at any time. For crypto enthusiasts, it's a sign that Wall Street is embracing blockchain, potentially boosting liquidity for related tokens.

Pendle, a DeFi (decentralized finance) protocol for trading yield-bearing tokens, introduced sPENDLE. This lets users access rewards without long lockup periods, times when tokens are frozen to earn yields.

Previously, users had to commit tokens for months. Now, sPENDLE simplifies this, making it more accessible for non-experts.

Pendle is also replacing its underused governance token, which helps holders vote on protocol decisions. This could attract more users to Pendle, driving up its native token value as DeFi grows.

Pump.fun, a popular platform for launching memecoins, fun, viral tokens often based on internet memes, unveiled Pump Fund.

This $3 million investment arm will fund 12 projects through a "Build in Public" hackathon.

Memecoins like Dogecoin have exploded in popularity due to community hype. This fund could lead to new token launches, offering early entry points for speculators.

With memecoin trading volumes surging 106% recently, this is alpha for those eyeing quick gains, but remember the high risks of volatility.

Trove, a DeFi project, faced backlash after its token crashed post-launch.

Investors accused the team of keeping ~$9 million while pivoting to the Solana blockchain hours before the token generation event (TGE), the initial release of a token.

This highlights rug pulls, where teams abandon projects after raising funds. Trove's fallout deepened with the token's value plummeting, causing heavy losses.

For new investors, this is a reminder to research team transparency before jumping into TGEs.

Injective, a layer-1 blockchain for fast DeFi apps, is letting holders vote on reducing its INJ token supply. This governance proposal could burn (permanently remove) tokens, potentially increasing scarcity and value.

Governance tokens like INJ give users a say in protocol changes. If approved, this could boost INJ's price as supply tightens.

Watch for the vote outcome; it's a classic way tokens gain momentum through community-driven decisions.

Memecoin trading volumes jumped 106% in a week, showing renewed interest in these speculative tokens.

Platforms like Pump.fun are fueling this, with quick launches drawing crowds. While risky, memecoins can deliver massive returns if they go viral.

Recent examples like White Whale slid 60% after a big holder sold, underscoring the volatility. For alpha seekers, scan social media for emerging memes, but use small positions.

This week brings major token unlocks (scheduled releases of previously locked tokens) for projects like Bitget (BGB), LayerZero (ZRO), and River (RIVER).

Over $1 billion worth could hit the market, potentially pressuring prices if sellers dominate.

Unlocks are common in crypto to align incentives, but they can cause short-term dips. These events often create buying opportunities after initial sell-offs.

MegaETH, an Ethereum layer-2 (L2) solution for scaling, handling more transactions cheaply, hit 47,000 transactions per second (TPS) in tests.

L2s build on Ethereum for better performance. This beats many rivals, positioning MegaETH for DeFi and gaming apps.

A potential token launch could follow if the mainnet succeeds. For investors, L2 tokens often rally on tech milestones. Keep an eye on this one.

Bermuda is partnering with Coinbase and Circle to create the world's first fully on-chain national economy. This includes USDC stablecoin payments, tokens pegged 1:1 to the U.S. dollar for stability.

Merchants are already accepting USDC, with plans for widespread tokenization. This could inspire other nations and boost related tokens.

It's alpha for stablecoin holders, as real-world adoption grows.

2026 is shaping up for major crypto IPOs, including exchange Kraken (valued at $20B) and Consensys (behind MetaMask wallet). Others like BitGo and Ledger are preparing.

IPOs let companies go public, often spiking related tokens. This follows 2025's M&A boom, with stablecoins as key players.

For token hunters, these could create buzz and new investment avenues.

Today's stories highlight token innovation and market shifts, from Pendle's user-friendly updates to the NYSE's tokenization push and upcoming IPOs.

Key takeaways: Focus on projects with strong governance and real-world utility for long-term alpha, but always manage risks in volatile markets.

As trade tensions ease, watch for rebounds in BTC and ETH.

Stay informed. Subscribe to Fiat Bridge for daily insights, and share with your friends.

Let's navigate crypto together!