Crypto falls despite neutral FOMC, Hyperliquid’s HIP-3 does $2B+ in volume, & MegaETH teases mainnet


Crypto majors are red following a neutral FOMC; BTC -2% at $87,800; ETH -3% at $2,930, SOL -4% at $123; XRP -3% to $1.86. Stable (+18%), PAXG (+5%) and WLD (+4%) led top movers. Gold hit another new ATH at $5,600, adding the entire market cap of Bitcoin in the process. The White House announced a meeting with banks and crypto firms to broker a compromise on stalled crypto legislation (the Clarity Act), focused on stablecoin yields and deposit competition. Tether’s CEO said the stablecoin issuer will keep adding to its ~$24B gold reserves to diversify backing and support asset-linked tokens. JPMorgan and Citadel met with the SEC to discuss plans for tokenized securities and DeFi projects. South Dakota lawmakers reintroduced a bill to allow the state to invest funds in Bitcoin. Fidelity announced plans to introduce a digital dollar stablecoin on Ethereum, aimed at enterprise and consumer use under regulatory frameworks. Gemini launched a Zcash credit card that pays users rewards in ZEC on everyday purchases, expanding crypto payment utility.