Bitcoin's Crossroad: DeFi Bleeds While Stablecoins Win

Bitcoin holds steady while DeFi scrambles through a $300 million bailout after the Kelp DAO hack raising real questions about how decentralized DeFi actually is. Meanwhile, stablecoins are making moves. Meta is paying creators in USDC, Tether proposed a mega merger to build the biggest public Bitcoin company, and the Treasury seized nearly $500M in Iranian crypto. The Fed is expected to hold rates in Powell's likely final meeting, and Wall Street just split on whether quantum computing is coming for Bitcoin's encryption. We break it all down live.

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