Pro-Crypto SEC, $90K Bitcoin, and Galaxy's $100M Solana bet

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Market-moving headlines 🔥

✳️ SEC power shift: Paul Atkins takes the helm 

Pro-crypto winds are blowing through Washington as Paul Atkins has officially been confirmed as the 34th Chairman of the U.S. Securities and Exchange Commission.

The Senate vote of 52-44 removed Gary Gensler from the position and installed Atkins, who brings a markedly different approach to digital asset regulation.

Unlike his predecessor, Atkins has made his pro-crypto stance abundantly clear—crypto regulation is among his top priorities, not for restriction, but for reform.

What's changing under Atkins's leadership

The new Chairman brings a market-friendly approach with a clear pro-innovation stance that's already shifting the regulatory landscape:

• A record-breaking 72 crypto ETF filings now await decisions after years of regulatory roadblocks

• Previously contentious cases against Coinbase, Kraken, Ripple, and Yuga Labs have quietly disappeared from active enforcement agendas

• Market analysts increasingly believe this marks the beginning of a more open SEC stance toward digital assets

In his opening remarks following confirmation, Atkins laid out his vision for the Commission:

Perhaps most significantly, he emphasized that the United States must remain the most secure and attractive place in the world for investment and business—a clear signal that innovation-stifling regulations may soon be reconsidered.

📉 Dow on track for worst April since 1932

Market sentiment has flipped—and fast. The Dow just suffered a nearly 1,000-point drop, putting it on pace for the worst April performance since the Great Depression of 1932.

Investors aren't merely reacting to disappointing earnings or interest rate concerns. A deeper anxiety is taking hold, driven by policy uncertainty, trade tensions, and a growing lack of faith in economic leadership.

The numbers tell a troubling story

• Monday's session saw the Dow plummet nearly 1,000 points

• According to Dow Jones Market Data, this April is shaping up as the worst since 1932

• Fears are intensifying that President Trump might fire Federal Reserve Chair Jerome Powell

• Under the current administration, the S&P 500's performance now ranks as the worst for any president at this point in office, according to Bespoke Investment Group data going back to 1928

Even traditional safe havens offer little comfort—bonds and the dollar are both falling simultaneously, a rare and concerning market signal. Gold, however, hit a record high on Monday as investors desperately seek shelter from the storm.

The VIX volatility index remains elevated, and retail investors have maintained a bearish outlook for eight consecutive weeks, indicating persistent market anxiety.

One market strategist captured the sentiment perfectly:

Read the full article to understand why markets are on edge → and what could happen next.

💸 Bitcoin breaks $90K 

While Wall Street wrestles with red, Bitcoin is glowing green.

Despite rising uncertainty in the U.S. economy — and a deepening standoff between President Trump and Fed Chair Jerome Powell — Bitcoin has pushed past its 'Liberation Day' high, touching $90,000

Key highlights:

• Price jumped 4.3% in a single day on Monday while Dow Jones touched recent lows

• Trump–Powell tensions are adding to stock market volatility

• Ethereum and XRP also rallied — up 2.9% and 3.3% respectively

• Investors are cautious, but crypto prices continue climbing

The contrast is hard to miss: stocks are tumbling, but crypto isn’t flinching. As the traditional market wobbles, Bitcoin seems to be staking its claim as a hedge — again.

🪙 Galaxy Digital's $100M Ethereum-to-Solana shift signals ecosystem power play

Galaxy Digital is placing a substantial bet on Solana—and the timing of this move speaks volumes about shifting momentum in the crypto ecosystem. The prominent crypto asset manager has swapped over $100 million worth of Ethereum (ETH) for Solana (SOL) over the past two weeks. 

This isn't merely a portfolio rebalancing—it's a clear signal that the meme coin wave and decentralized exchange (DEX) activity on Solana have become impossible for institutional players to ignore.

The numbers behind the strategic shift

• Galaxy Digital moved $100 million from ETH into SOL over a two-week period

• During this transition, ETH dropped 20% while SOL recovered by 8%

• Following the swap, Galaxy now holds 55,760 ETH and 171,250 SOL

• Solana now handles a dominant 48% of all DEX volume, with Ethereum trailing at just 19.7%

• The Solana meme token ecosystem has surged to a collective valuation exceeding $7.42 billion

• Daily active wallets on Solana have rebounded to 4 million, up substantially from 2.9 million

Applications driving this demand include Raydium, Pump.fun, Jupiter, and JitoSOL, each contributing to Solana's growing ecosystem advantage.

This institutional movement reflects more than temporary momentum—it signals a fundamental shift in trader preferences. From lower transaction fees to higher on-chain activity metrics, Solana is increasingly positioning itself as the ecosystem where both retail and institutional traders prefer to operate.

Read the full breakdown on Galaxy’s move and why SOL is back in favor

🧵 Thread of the day

Binance leads Q1— despite legal troubles?

Cryptopolitan break’s down the Q1 report for Crypto 👇

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