The cryptocurrency market experienced a notable rebound as optimism grew over potential tariff cancellations by Trump. Bitcoin rose by 2.36%, while the Nasdaq saw a 1.15% increase. The DePIN and DeFi sectors led the surge, with gains of 6.7% and 6.1%, respectively. Notable performers included HNT, which jumped 11.1%, and Render, up 8.7%. Despite these gains, the AI sector lagged behind. In other developments, Chutes and Targon subnet tokens maintained their pre-crash levels, collectively generating $20 million in annual revenue. Meanwhile, Hyperliquid's HIP-5 proposal suggests allocating 1-5% of fees, potentially up to $55 million annually, for token buybacks through staker votes. This initiative aims to enhance ecosystem projects but has sparked concerns about potential dilution of project quality and the status of HYPE as an original asset.