“While Fed chair speculation drives uncertainty across equities, rates, and crypto.”, — write: www.coindesk.com
As a result risk sentiment has deteriorated as investors price in potential shifts in monetary policy direction.
Meanwhile, the DXY index, which tracks the strength of the US dollar against a basket of major currencies, has edged up to 96.6.
US Treasury yields are modestly higher, with the 10-year benchmark yield at approximately 4.25%.
Volatility has surged with the Volatility Index (VIX) up 13% and the MOVE Index, which tracks volatility in the US Treasury market, higher by 6%.
In Friday pre-market trading, the Invesco QQQ (QQQ) is down more than 1%, trading around $622 per share.
Bitcoin has fallen significantly, sliding to $82,000. As a result of this drop, bitcoin has fallen out of the top ten global assets by market capitalization and now ranks eleventh, with a market cap of $1.6 trillion.
Equities tied to bitcoin have followed suit. Strategy (MSTR), the largest publicly traded holder of bitcoin, is down 4% in pre-market trading after falling roughly 10% on Thursday, now trading near $138. In the bitcoin mining and AI sector, IREN (IREN) is down 5% at $57, while Cipher Mining (CIFR) is lower by 4%. While both Galaxy Digital (GLXY) and Coinbase (COIN) are down 3%.
Metals have absorbed much of the downside during the last 24 hours. Gold has retreated towards $5,000 per ounce, while silver has fallen back to around $100 per ounce. Other commodities have also weakened, with copper and oil both trading lower.
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
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US-listed spot bitcoin and ether ETFs saw one of their worst combined outflow days of 2026 as falling prices, rising volatility and macro uncertainty pushed investors to cut exposure.
- US-listed spot bitcoin and ether ETFs saw nearly $1 billion in outflows in a single session, as crypto prices tumbled and risk appetite faded.
- Bitcoin dropped below $85,000 and briefly neared $81,000, while ether fell more than 7%, prompting heavy redemptions from major ETFs run by BlackRock, Fidelity and Grayscale.
- Analysts say the synchronized ETF selling reflects institutions cutting overall crypto exposure amid rising volatility, hawkish Federal Reserve expectations and forced unwinding of leveraged positions, although some see the move as a leverage shakeout rather than the start of a bear market.
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