Market Overview:
🔹 Crypto mcap down 4.26% to $2.47T. BTC -4.52%, ETH -13.57%.
🔹 Long liquidations hit $654M on Thursday, nearly double the usual.
🔹 Funding rates rising across majors despite the drawdown.
🔹 Strategy buys zero BTC this week, repurchases $1.5B in 2029 convertible notes instead.
🔹 MasterCard secures NY BitLicense for stablecoin and digital payment infrastructure.
🔹 Grayscale delays its IPO to at least Q4 2026, citing market conditions.
🔹 S&P +2.06%, Nasdaq +3.68% as equities soared while crypto failed to find a bid.
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