Bitcoin Price Dips as Trump Threatens 50% EU Tariff, Ethereum (ETH) Outperforms

Crypto markets displayed a mixed performance this week, as Bitcoin responded to global news, while leading altcoins like Solana, BNB, Dogecoin, and Ethereum (ETH) advanced in price.

Crypto markets displayed a mixed performance this week, as Bitcoin responded to global news, while leading altcoins like Solana, BNB, Dogecoin, and Ethereum (ETH) advanced in price.

Get best price on best exchange for Bitcoin >>

Bitcoin price hit a record high of $111,970 but dropped below $108K following Donald Trump’s suggested 50% tariff on the EU, which unsettled major markets. The move also saw a slew of altcoins decline sharply, with Trump’s own $TRUMP token falling over 15%.

Meanwhile, Ethereum price rose above $2,700 amid heightened demand for futures and influxes from smart money. This surge follows a successful integration of Pectra, a Layer 1 upgrade that brought massive scalability and introduced smart accounts to the Ethereum network.

Here’s a closer look at some of the week’s biggest crypto news stories.

Uniswap’s UNI Token Gears Up as Unichain Volume Hits $10B Milestone

Uniswap's Layer 2 network, Unichain, has crossed $10 billion in monthly volume, a 5x increase since the start of the year, signaling growing adoption and liquidity.

L2 volume on Uniswap has now hit $26B, setting the stage for a potential rally in the UNI token, especially as Ethereum gains strength.

One trader predicts a 500% surge for UNI, linking it to the token's strong historical performance during previous DeFi booms and its close link to ETH price trends.

Bitcoin Price Dips After Trump Threatens 50% EU Tariff

Bitcoin pulled back sharply this week after President Trump announced a sweeping 50% tariff on all EU imports starting June 1.

The move, which spooked global markets and wiped nearly $80 billion off the crypto market cap, saw BTC fall from a high of $111,970 to around $108K.

Altcoins tumbled alongside it, with Trump's own $TRUMP token dropping over 15%. For now, crypto markets remain on edge amid rising geopolitical tensions.

SEC Reviews First-Ever Staked TRX ETF Proposal From Canary Capital

The SEC has formally acknowledged Canary Capital's filing for a Staked TRX ETF—an innovative product offering spot exposure to TRON (TRX) and staking rewards.

This marks a key step toward potential approval and reflects a broader regulatory shift under new SEC Chair Paul Atkins, who's shown more openness to crypto innovation.

If approved, the Staked TRX ETF would be the first of its kind in the U.S., breaking new ground by integrating staking, a feature previously blocked under Gensler's leadership.

Ethereum Solidifies Its Lead In Web3 With Major Upgrades And Partnerships

Ethereum is having a breakout year in 2025. In a May 22 update, the Ethereum team highlighted 21 key milestones, including the massive Pectra upgrade, which boosted scalability and introduced smart accounts.

Big partnerships with Stripe, Uniswap, and Nasdaq further cement its role in DeFi and tokenization.

With over 26,000 smart wallets using new features and L2 growth exploding, Ethereum continues to lead Web3 innovation, adoption, and real-world impact across finance and tech.

Kraken Unveils 24/7 Tokenized Stock Trading For Global Users

Kraken is launching xStock, a new platform offering 24/7 tokenized trading of major U.S. stocks and ETFs, like Apple and Tesla, exclusively for non-U.S. traders.

Built on Solana and backed 1:1 by real shares via Backed Finance, the move blends traditional finance with crypto accessibility.

In contrast to regular stock markets, xStock operates around the clock. Kraken aims to expand its offerings globally, positioning itself as a leader in regulated tokenized equities and borderless finance.

Binance Moves To Dismiss FTX's $1.76B Lawsuit, Blames SBF For Collapse

Binance has requested a Delaware court to dismiss FTX's $1.76 billion lawsuit, arguing that the claims are legally flawed.

The case centers on a 2021 share buyback, which FTX now says was funded with misused customer deposits, leading to claims of unjust enrichment against Binance.

However, Binance maintains that FTX's downfall was due to internal fraud led by Sam Bankman-Fried, and it also disputes jurisdiction and denies any legal duty to complete its failed acquisition of FTX.

Circle Eyes $5B Sale As IPO Plans Take Shape

Circle, the issuer of USDC, is preparing for a $5 billion IPO but may sell instead. The company has held informal talks with Coinbase and Ripple.

While Ripple is said to have offered $20 billion, Circle reportedly declined due to concerns over XRP-based payments. Coinbase appears to be a stronger candidate with $8 billion in cash