Bitcoin experienced a significant drop, falling toward $92,000 amid renewed fears of a U.S.-EU tariff conflict over Greenland. This turbulence in the crypto market triggered over $750 million in long liquidations, affecting major cryptocurrencies like Ethereum (ETH), XRP, and Solana (SOL). Analysts noted that crypto continues to lag behind other risk assets. Min Jung from Presto Research highlighted that while South Korean equities remained stable, the crypto market showed ongoing weaknesses. Rachael Lucas from BTC Markets pointed to geopolitical tensions and delays in U.S. crypto legislation as contributing factors to the dip, along with algorithmic selling after Bitcoin fell below its 50-week moving average. In other developments, the New York Stock Exchange is working on a platform for trading tokenized U.S. equities and ETFs, aiming for 24/7 trading and on-chain settlements, pending regulatory approval. This platform will utilize the NYSE's Pillar matching engine and incorporate blockchain technology for post-trade processes, supporting multiple blockchains. This initiative aligns with the Intercontinental Exchange's broader strategy to create always-on markets and improve trading efficiency. Ethereum's daily transactions soared to an all-time high, nearing 2.5 million as gas fees hit record lows around $0.15. This surge in activity follows recent upgrades to the Ethereum network, which increased its capacity and improved transaction efficiency. Meanwhile, Vitalik Buterin, co-founder of Ethereum, called for more effective decentralized autonomous organizations (DAOs), urging developers to move beyond traditional token-holder voting due to its inefficiencies. He proposed utilizing zero-knowledge proofs and AI to enhance governance structures in the crypto space.