President Trump announced the first 13 members of his President’s Council of Advisors on Science and Technology (PCAST) this week. The lineup includes major tech figures like Jensen Huang, Mark Zuckerberg, and Larry Ellison, co-chaired by David Sacks and Michael Kratsios. Notably, crypto has representation with Fred Ehrsam of Coinbase and Marc Andreessen from a16z. The council aims to keep the U.S. at the forefront of innovation and ensure all Americans benefit from the tech revolution.
Circle stock rebounded after a sharp drop, with analysts attributing the selloff to overreaction. Cathie Wood’s Ark Invest capitalized on the dip, buying 161,513 shares (~$16.3M).
Whop, an e-commerce platform, launched Whop Treasury, offering users up to 6% APY on idle balances via Aave and Plasma, with Tether providing the stablecoin layer.
Google set 2029 as its deadline for transitioning to post-quantum cryptography. Bitcoin developers are working on quantum-resistant improvements but face challenges in coordination speed.
Bitcoin ETFs saw a strong inflow, nearly erasing year-to-date losses, showing resilience amid macroeconomic challenges.
Crypto majors fell as oil spiked, with BTC down 3%. Franklin Templeton and Ondo Finance are teaming up to offer 24/7 tokenized ETF trading on-chain.