ETH breaks through the $3400 mark

Cryptocurrency prices rebounded, and after a sluggish market sentiment yesterday, Bitcoin rose to $103800 and Ethereum rose to $3440. Multiple tokens have shown strong performance, with HYPE up 10%, AVAX up 5%, UNI up 6%, and WLFI up 7%. （Santiment）

[U.S. Supreme Court Tariff Case Outcome May Have Limited Economic Impact] The U.S. Supreme Court today reviewed whether the International Emergency Economic Powers Act (IEEPA) grants the president the authority to impose tariffs in emergency situations. An article from the Brookings Institution pointed out that regardless of the ruling, the actual economic impact may be limited. Even if the Supreme Court upholds the previous ruling unfavorable to former President Trump, he may still implement similar tariffs under other trade laws. If the court rules that the president does not have the authority to impose tariffs under IEEPA, the government may be required to refund over $100 billion in tariffs already collected.

Ripple CEO Brad Garlinghouse stated at the Swell 2025 event that seeing the US President talk about cryptocurrency on the "60 Minutes" program reflects that the development of the cryptocurrency industry has exceeded expectations. He reviewed the progress of the industry and emphasized that cryptocurrency has entered the mainstream vision. Future focus may be on further breakthroughs in the fields of policy and regulation. （CoinDesk）

Ripple has announced partnerships with Mastercard, WebBank, and Gemini to pilot the use of RLUSD for credit card settlements. This pilot program aims to explore the potential application of digital currency in the payment field or promote further development of related technologies. The follow-up progress is worth paying attention to. （CoinDesk）

Machi raised 525000 USDC after almost emptying its account, returned to the Hyperliquid platform, and went long again in ETH. Currently holding 2550 ETH worth approximately 8.72 million US dollars, with a clearing price of 3250.5 US dollars. （Lookonchain）