Crypto rebounds after Trump TACO’s on Tariffs! BitGo $2.1B IPO! Solana’s SKR token soars 250% FDV!

Cryptocurrency markets rebounded with major tokens gaining 2-3% after Trump signaled retreat from EU tariff measures, while over $1B in liquidations occurred during the volatility. BitGo announced a $2.1B IPO and several regulatory developments emerged including Hong Kong's new stablecoin framework and Russia recognizing crypto as property.

• →Major cryptocurrencies gained 2-3% as Trump pivoted away from proposed EU tariff measures, triggering over $1B in liquidations.
• →BitGo announced its IPO at $18 per share with a valuation of approximately $2.1 billion.
• →Hong Kong regulators are issuing stablecoin licenses under a new strict compliance framework.
• →Russian courts ruled that cryptocurrencies qualify as property under law, setting important legal precedent.
• →Saga's EVM blockchain halted operations after a $7M hack with funds bridged to Ethereum.