According to the author, the crypto industry's departure from cypherpunk principles, such as Coinbase's political sponsorships and Ripple's lobbying efforts, could heighten regulatory scrutiny and negatively impact trading sentiment for assets like BTC and XRP, citing examples from the article.

According to @StockMKTNewz, the S&P 500 closed today with Oracle (ORCL) up 13.3%, Newmont (NEM) up 4.9%, and Cardinal Health (CAH) up 4.6% as the top three gainers. On the downside, Boeing (BA) dropped 4.8%, Albemarle (ALB) fell 4%, and notably, Coinbase (COIN) slid 3.8%. The decline in Coinbase (COIN), a key crypto exchange stock, signals increased volatility and potential risk-off sentiment in the broader cryptocurrency market. Traders should watch for follow-through effects on Bitcoin (BTC), Ethereum (ETH), and related crypto assets in the next session. Source: @StockMKTNewz on Twitter, June 12, 2025.