In this episode of the Fere AI Daily Crypto Market Pulse, Emilie and Erik break down a whirlwind of headlines that reveal institutions getting deeper, memecoins ripping harder, and nation-states flexing quietly behind the scenes.

Bitcoin holds strong above $118K as ETFs extend a 9-day inflow streak and Cantor’s $4B BTC SPAC deal drops jaws. Meanwhile, Bhutan sends $62M in BTC to Binance and a quantum-proof address freeze proposal shakes CT.

Ethereum’s back at $3.4K, with major treasury plays and Peter Thiel’s fund stacking ETH exposure — while staking products surge in TradFi pipes.

On the infra and AI front, Talos acquires Coin Metrics for $100M, Coinbase partners with Perplexity AI, and California builds a crypto tech task force with Ripple and Coinbase inside.

But it’s memecoin madness again — BONK, PEPE, DOGE and PUMP are flying. Trump’s backing stablecoin bills, PUMP is buying back with platform fees, and CT is watching PENGU ride the hype cycle.

Elsewhere, stablecoins and RWAs explode globally: from Circle’s trust bank pivot to tokenized real estate in Dubai, and banks in Germany, China, and Brazil building rails.

Plus: the GMX exploit, Roman Storm’s trial, and the FBI seizing Sinaloa cartel crypto.

From macro flows to chain rotations — this Pulse proves one thing: crypto is more structured, political, and onchain than ever.