Market Turmoil and Regulatory Moves Drive Major Crypto and Stock Activity

The primary highlights today include U.S. President Trump's recommendation to implement a 50% tariff on the EU starting June 1st, along with his statement about not willing to make a deal with the EU and threats of tariffs exceeding 25% on Apple if they manufacture elsewhere. Major American banks such as JPMorgan, Bank of America, Wells Fargo, and Citigroup are exploring a joint stablecoin. The CFTC is soliciting comments from Hyperliquid regarding perpetual derivatives and 24/7 trading. The Federal Reserve's Goolsbee indicated that due to trade policy uncertainties, the Fed might delay rate adjustments. In Russia, Putin signed legislation extending anti-money laundering measures to digital ruble transactions. The Cetus Protocol offered a $6 million reward to a hacker for the return of approximately $56 million in ETH. Kalshi is adding crypto deposit support. Trader James Winn announced ongoing buying activity. Jim Cramer suggested the market bottom has not yet been reached. Alchemy's NFT launchpad HeyMint was acquired by ACH. X Empire continues to generate intrigue. Ledn is halting ETH-collateralized lending. Mind Network partnered with Alibaba Cloud and integrated the CCTP cross-chain protocol. New listings include SOPH on Binance Alpha and Futures, with additional listings expected soon. Weekend events include the Initia airdrop deadline on Saturday and the conclusion of Dutch Blockchain Week in Amsterdam on Sunday.