Major cryptocurrencies recovered after President Donald Trump signaled a retreat from proposed tariffs on the European Union, according to Decrypt. Bitcoin rose 2% to $89,900, while Ethereum gained 2% to $2,995 and Solana climbed 2% to $130. XRP advanced 3% to $1.94. More than $1 billion in crypto positions were liquidated during the sharp rebound, while CC, SKY and SAND led large-cap movers with gains of 15%, 11% and 10%, respectively. BitGo announced plans for an initial public offering priced at $18 per share, implying a valuation of about $2 billion. Ethereum co-founder Vitalik Buterin proposed native distributed validator technology staking. The Senate Agriculture Committee said its version of the Clarity Act would proceed to markup next week despite limited bipartisan support. Elsewhere, Hong Kong prepared to issue stablecoin licenses, Russian courts recognized crypto as property, and Saga halted its EVM blockchain after a $7 million hack.
