ZEC and Polygon Lead Crypto Movers as Markets Wait on Tariff Ruling

Crypto majors traded mostly flat ahead of today’s Supreme Court opinion on Trump tariffs, while several altcoins posted sharper gains. Bitcoin was up 1% at $90,300, Ethereum was listed at $3,090, Solana rose 3% to $138, and XRP gained 1% to $2.10. Polygon and ZEC each climbed 11%, while Syrup rose 7%, making them the leading top movers cited in the report.

The market backdrop matters because major tokens were steady while analysts and institutions pointed to signs of improving conditions. JPMorgan said the recent Bitcoin and Ethereum sell-off may be bottoming, citing improved positioning and easing downside pressure after weakness earlier in the year.

Institutional crypto activity also remained in focus. Bank of America analysts upgraded Coinbase to buy, pointing to improved regulatory clarity, growing institutional adoption, and stronger long-term earnings visibility. Morgan Stanley is planning to launch a digital wallet later this year that could support tokenized assets, including private company equity.

Policy and infrastructure developments added to the day’s crypto news flow. Florida lawmakers renewed their push for a state-level Bitcoin reserve, while Ethereum’s validator exit queue fully cleared, reducing delays that had affected liquid staking protocols and validator withdrawals.

Polygon Labs also unveiled the Open Money Stack, an initiative intended to streamline stablecoin payments. Separately, Polygon is reportedly close to acquiring Coinme, a major Bitcoin ATM operator. In legal and political news, Trump said he would not pardon FTX founder Sam Bankman-Fried.