Retail optimism gave way to risk recalibration as leveraged positions unwound, with large holders reportedly selling $41 billion in Bitcoin and Ethereum sliding toward $2,200. At the same time, a pilot to settle Mastercard credit card transactions with RLUSD and the stablecoin surpassing a $1 billion market cap signal that regulated rails are gaining traction, while a record U.S. government shutdown and proposed wealth taxes keep policy uncertainty elevated.
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#stablecoins
#market volatility
#financial regulation
#payments infrastructure
