Former President Donald Trump indicates that the resolution of the $175 billion tariff reduction dispute will be addressed in court over the coming five years.

Sonic Labs announces leadership changes, with CEO Mitchell Demeter stepping down and Evan Owens, director of business development, also resigning. The company has also ended its partnership with the CMCC Resonance Fund.

The SEC has issued guidance on broker capital requirements for stablecoins and introduced new regulations allowing broker-dealers to apply a 2% discount to their holdings of certain stablecoins. More details are available in the guidance here.

Today's Summary and Weekend Events.
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President Trump has signed an executive order implementing a 10% tariff on imports from all countries.

Illinois Governor J.B. Pritzker has submitted legislation to the Trump administration seeking the recovery of $8.6 billion after the Supreme Court's ruling on tariffs.

Vitalik Buterin states his goal is to develop an Ethereum platform that embodies cyberpunk ideals and is visually appealing. He aims to enhance the current system by ensuring seamless integration and compatibility. Over time, he plans to evolve the platform while maintaining core cyberpunk and simplicity attributes, including resistance to censorship, user-friendliness for zero-knowledge proof algorithms, and the essential consensus mechanisms required for the blockchain.

Vitalik Buterin outlines plans for Ethereum to embody cyberpunk ideals, emphasizing visual appeal and seamless integration. The development aims to enhance the existing system’s compatibility and evolve Ethereum to incorporate characteristics such as resistance to censorship, user-friendliness for zero-knowledge proof algorithms, and robust consensus properties.

The 30-day MVRV indicators for large-cap tokens suggest Ethereum remains undervalued with a -14.3% deviation. Bitcoin is slightly undervalued at -6.9%, followed by Chainlink at -5.1%, Ripple at -4.1%, and Cardano at -2.0%.

Based on the 30-day MVRV indicators for large-cap tokens, Ethereum is currently undervalued by 14.3%. Bitcoin is slightly undervalued at 6.9%, followed by Chainlink at 5.1%, XRP at 4.1%, and Cardano at 2.0%.

Tether will cease support for the yuan stablecoin CNHT, according to an announcement.

Transactions involving whales and institutions:

1. Bitmine acquired an additional 17,722 ETH, valued at approximately $34.74 million, according to on-chain data.
2. Garrett Jean deposited 11,318 BTC, worth roughly $760.6 million, on Binance. The transaction does not indicate immediate sale activity, suggesting it may be an OTC transfer or a hold on the exchange.
3. A whale invested 10.26 million USDC to acquire 121,368 SOL tokens at an average price of $84.57 per SOL.

Total net inflow for spot Bitcoin ETFs reached approximately $88.81 million yesterday, while spot Ether ETFs saw negligible net movement.

The total net inflow for spot Bitcoin ETFs was approximately $88.81 million yesterday, while flows for spot Ethereum ETFs remained unchanged at around $0.

Robert Kiyosaki disclosed that he purchased one Bitcoin at a price of $67,000. Previously, in November of the previous year, he sold $2.25 million worth of Bitcoin.

The DFINITY Foundation has revised the tokenomics of the Internet Computer (ICP). Previously, node providers were compensated solely for operating nodes. Under the updated model, 80% of the revenue generated by the cloud engine will be allocated to supporting nodes, while 20% will be dedicated to buybacks and token burns.

IoTeX network alerted to private key leak, leading to complete drain of token reserves valued at $4.3 million.

IoTeX (IOTX) declined 14% amid a reported hack, according to PeckShield, with damages exceeding $8 million. The token surged to the top of sales on all centralized exchanges (CEX) at 09:30 Moscow time, quickly securing leading positions before a sharp decline. By 10:31, IOTX saw increased buying activity and ranked first in open interest growth, contributing to a partial recovery.

IoTeX's IOTX token surged to the top of sales on central exchanges early this morning, but a reported hack resulted in a 14% decline. The token reached peak trading volumes around 09:30 Moscow time, before experiencing a sharp decline. By 10:31, buy activity increased as IOTX regained prominence in purchase rankings and open interest, leading to a partial price rebound. PeckShield estimates the total damage from the breach at over $8 million.

Binance Futures has added OPN to its listings.

Bloomberg's Economic and Geopolitical Uncertainty Index tracks fluctuations from 1990 through the current period.

IoTeX reports that the network is secure following recent management of a security incident. Estimated losses from the exploit amount to approximately $2 million, including USDC, USDTT, IOTX, and WBTC. Network operations and deposits are expected to resume within 24 to 48 hours once security updates are complete.