Bitcoin barely moved, holding near $103K on Monday after Moody’s stripped the U.S. of its last triple-A rating amid mounting debt. Meanwhile, Coinbase entered the S&P 500, but the euphoria was short-lived. The exchange revealed that client information was stolen as hackers sought to blackmail the firm, with costs related to the incident expected to reach $400 million.

Ethereum surged by nearly 40% last week, outperforming BTC after its largest upgrade to date. Meanwhile, Coinbase made headlines with its $2.9 billion acquisition of Deribit, and New Hampshire became the first U.S. state to approve a crypto reserve law.

Bitcoin held near $95K on Monday as markets brace for this week’s Fed meeting. Last week’s U.S. data showed the economy losing steam despite solid job growth—Q1 GDP contracted as importers raced to stockpile goods ahead of tariffs, while consumer sentiment continued to slide. Meanwhile, Tether posted$1B in Q1 profits, and Arizona’s governor vetoed a bill that would have let the state hold Bitcoin.

The big news last week was Cantor Fitzgerald’s new crypto venture with Softbank, Tether, and Bitfinex. The firm’s $3 billion plans include buying Bitcoin en masse and challenging Michael Saylor’s strategy. Elsewhere, the CME is set to launch XRP futures, and markets continued to move higher.

Bitcoin held its ground last week, rising by 2.4% while equities ended the week lower. Meanwhile, the U.S. SEC postponed its decision on in-kind redemptions and staking ETFs and released new disclosure guidance for crypto issuers.

Markets declined Friday after China announced 125% tariffs on U.S. goods starting April 12, following the U.S. president’s selective 90-day tariff pause that excluded China. Ripple acquired Hidden Road for $1.25 billion, while Binance continue deal talks with Trump’s crypto company.

The markets are still digesting last week’s sweeping tariff announcements. Meanwhile, USDC issuer Circle has taken a significant step towards a public listing by filing for an IPO on the NYSE. Additionally, First Digital Trust’s FDUSD briefly lost its peg due to insolvency concerns.

Bitcoin fell alongside equities as hotter-than-expected U.S. inflation data and weak sentiment indicators fueled stagflation fears on Friday. Meanwhile, Crypto.com announced that it will support Trump Media’s upcoming ETF offerings, and GameStop experienced volatility after doubling down on Bitcoin.