The Markets Roundup·Thu, 25 Jun

Meme token crash, Bitcoin tests institutional narrative

Today's markets are defined by two crypto stories that test narratives: MemeCore's M token plunged 80% with no clear trigger, while Bitcoin's drop to a 20-month low is forcing a reckoning with the institutional adoption thesis. Meanwhile, a stubborn whale is betting big on Ethereum, and U.S. stock futures rise as Trump targets energy firms.