Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Recent congressional actions have significantly affected the crypto landscape by overturning an IRS rule that mandated impractical tax reporting requirements for DeFi platforms. This move, receiving bipartisan support with notable backing from Democrats as well as Republicans, suggests a shift towards a more crypto-friendly legislative environment in the United States. The decision aligns with the growing political influence from crypto lobbyists and major industry players advocating for comprehensive trading regulations and stablecoin governance. This shift indicates potential easing of regulatory pressures on decentralized finance markets, marking a departure from defensive strategies previously employed by the sector. The change could be advantageous for the crypto industry, promoting a legislative environment with less restriction.

The ETH Denver conference has become a focal point for criticism in the crypto community, highlighting issues of commercialization over genuine community engagement. Participants have expressed dissatisfaction with the focus on commercial interests rather than true community representation, echoing a broader industry trend. At the same time, the enthusiasm for memecoins is diminishing, with launches like PWEASE failing to gain traction, suggesting a weakening market interest. Additionally, discussions about the establishment of a digital asset strategic reserve in the US have raised controversies, particularly with the proposed inclusion of Ripple (XRP) and Cardano (ADA), both facing legal and market challenges. This situation reveals a significant misalignment between political decisions and the crypto community’s expectations. The news encapsulates a complex scenario, where shifts in industry priorities, regulatory factors, and investor sentiment are influencing market dynamics. For traders, these developments signal potential market volatility and invite a reassessment of strategic positions.

Trump Media and Technology Group has announced a new Bitcoin Plus ETF, aligning with recent Bitcoin ETF activity and regulatory approvals for spot Bitcoin funds, potentially increasing institutional interest and liquidity in the market. Meanwhile, a popular ’Pepe Airdrop’ has been revealed as a scam, emphasizing persistent risks in the crypto space. Additionally, David Sacks, linked to PayPal and the All-In Podcast, is appointed as the new ’Crypto Czar,’ promising clear regulations under SEC’s new leadership, which could simplify compliance processes and establish clear guidelines for digital assets. These developments suggest significant regulatory changes are underway in the crypto market, with potential impacts on market dynamics and asset positioning for traders.

BiT Global, a cryptocurrency exchange reportedly connected to Justin Sun, has withdrawn its lawsuit against Coinbase over a dispute involving Wrapped Bitcoin (WBTC). The legal action initially centered on allegations that Coinbase had improperly frozen and moved WBTC tokens related to BiT Global following the platform’s decision to delist WBTC, citing compliance and low trading volume concerns. The litigation attracted industry-wide attention due to the prominence of the parties involved, particularly the rumored connection to Justin Sun. Both companies have reached a mutual agreement to end the dispute, but the specific terms remain undisclosed. This resolution is expected to reduce legal uncertainty around Wrapped Bitcoin and offer greater clarity for similar token custody and compliance disputes in the future. Crypto traders should note that this development directly impacts Bitcoin (BTC), Wrapped Bitcoin (WBTC), and platform-based tokens. The event highlights the importance of secure asset management and legal consistency for exchange practices, with potential implications for future token listings and delistings.

Cathie Wood, CEO of ARK Invest, continues to project strong growth for Bitcoin (BTC), highlighting its resilience and superior performance versus gold in risk-on market conditions. She attributes Bitcoin’s rising institutional interest to its robustness and the recent regulatory clarity in the US, which she believes will drive broader crypto adoption. Wood also points to key market players, including Circle, Coinbase, Robinhood, and SoFi, as contributors to the ecosystem’s maturation. Latest analysis underlines ARK Invest’s bullish projection of Bitcoin potentially reaching $710,000 by 2030, suggesting momentum will increase as more institutions add BTC to their holdings. At the same time, attention is drawn to the challenge of BTC affordability for retail investors, bringing presale tokens like Bitcoin Hyper (a Bitcoin Layer 2 solution), Snorter Token (a security-driven memecoin), and Best Wallet Token (fueling a multi-chain Web3 wallet and DEX) into focus. These projects, noted for features such as staking rewards, airdrops, and technological innovation, are gaining traction among risk-tolerant investors in the current market climate. The news indicates a new wave of risk appetite among crypto traders, with increased interest both in established cryptocurrencies and innovative presale altcoins. While the environment appears favorable for short-term gains in emerging tokens, the volatile nature of the crypto market underscores the importance of due diligence before investing.

The cryptocurrency market has experienced intense volatility triggered by a public dispute between US President Donald Trump and Tesla CEO Elon Musk. This high-profile conflict led to sharp price drops across major coins, with Bitcoin (BTC) falling nearly 3% and testing the critical $100,000 threshold. Meme coins were notably impacted: PEPE fell 6.7% in 24 hours and 14.5% for the week, while Trump Coin plunged 9.4% daily and nearly 14% weekly. Overall, over $967 million in liquidations were recorded, with $345 million from Bitcoin longs, highlighting the market’s vulnerability to external drama and the outsized influence of major political and tech figures. Despite technical signals of possible recovery for PEPE and some bullish forecasts for Trump Coin, market sentiment remains cautious. In contrast, new utility-focused projects like FloppyPepe (FPPE), leveraging AI and strong community-driven strategies, are gaining attention and investor interest, raising over $2.36 million during its presale even as broader market fear persists. For traders, these developments underscore the impact of external events on digital asset markets, the risk of hype cycles for meme coins, and the potential opportunities found in tokens offering clear utility and security. Ongoing political and celebrity controversies may continue to fuel volatility, so traders should remain vigilant.

Mutuum Finance (MUTM), a decentralized finance (DeFi) protocol, has rapidly emerged as a leading project by securing $10 million in presale funding without dependence on a centralized exchange listing. This robust capital influx surpasses more than 90% of projects tracked on CoinMarketCap prior to their exchange debuts, signaling strong investor confidence in alternative fundraising models such as private allocations and community rounds. Early investors were able to access MUTM at $0.03, with the price set to increase in subsequent presale phases, and a projected initial listing price of $0.06—potentially doubling early returns. The platform has also completed a smart contract audit by Certik, reinforcing its commitment to security and boosting market trust. Innovative tokenomics, including a Buy-and-Distribute mechanism and gamified features like leaderboards and community rewards, further drive participation and long-term engagement. Additionally, Mutuum Finance’s $100,000 giveaway for early supporters highlights its focus on building a strong community. The project’s capital-raising success, security transparency, and unique incentives have positioned it as an influential DeFi entrant. As the absence of an exchange listing leaves the token price less influenced by public market speculation, early participants may find strategic opportunities. Overall, Mutuum Finance’s presale achievement may inspire similar projects to reexamine traditional exchange-dependent fundraising.

Ripple has released its 2024 Impact Report, revealing that its global philanthropic deployment has surpassed $200 million since 2018 through the Ripple Impact initiative. The report highlights new developments, including expanded partnerships with Mercy Corps Ventures to boost financial inclusion in underserved regions and investments in over 50 fintech startups. Ripple leveraged the XRP Ledger (XRPL) for scalable financial services delivery and reaffirmed its commitment to sustainable finance, including a $100 million pledge to global carbon markets and the co-founding of Centigrade for carbon credit transparency. Its University Blockchain Research Initiative (UBRI) has committed $80 million to more than 50 top academic institutions, backing over 1,500 blockchain projects in 2024 alone. Ripple also emphasized employee volunteerism with thousands of hours donated to nonprofits. These efforts reinforce Ripple’s position as a leader in blockchain innovation, financial inclusion, and sustainability, potentially enhancing its reputation, attracting institutional interest, and contributing to positive sentiment toward broader crypto adoption.

A US federal court has ordered Circle to freeze over $57 million in USDC linked to a suspected pump-and-dump scheme involving the $LIBRA token, which was promoted with public support from Argentine President Javier Milei. $LIBRA surged to a $4 billion market cap before crashing by 90%, causing major investor losses and sparking a political crisis. The class-action lawsuit, led by Burwick Law on behalf of affected investors, targets Kelsier Ventures, CEO Hayden Davis, associated family members, and platform Meteora, alleging fraudulent marketing and insider manipulation, including withholding token supply from the public. The project was marketed as supporting Argentine small businesses but investors claim over $100 million in losses after token dumps. The USDC frozen—around $57.65 million—is believed to be proceeds from the scheme. Circle complied with the court order, freezing the funds across two Solana wallets. Davis is also under investigation in Argentina for a similar saga involving $MELANIA but hasn’t been arrested. The next court hearing is set for June 9, with the possibility of continuing the freeze. This case highlights increased regulatory and legal scrutiny of meme coin launches, especially those tied to celebrities or politicians, and serves as a warning of ongoing risk for crypto traders.

The MELANIA meme coin project has initiated a major on-chain transfer, moving 150 million MELANIA tokens to a new wallet. Of these, 20 million tokens have been sent directly to Wintermute, a prominent crypto market maker. This strategic move signals MELANIA’s efforts to boost market liquidity, enhance trading efficiency, and potentially prepare for future listings or over-the-counter (OTC) activities. The partnership with Wintermute aims to improve price stability, increase trading volume, and build investor confidence, positioning MELANIA as a more established player within the meme coin sector. MELANIA token holders and crypto traders should closely monitor market reactions and price volatility following this significant transfer. Continuous updates from the MELANIA project, including a planned new website, highlight its ambitions and evolving market strategy.

Robert Kiyosaki, acclaimed author of ’Rich Dad Poor Dad’, has reiterated his bullish stance on Bitcoin, emphasizing that owning as little as 0.01 BTC could lead to significant wealth in the near future. He highlighted Bitcoin’s fixed supply, noting that only 1–2 million coins remain to be mined, which increases its scarcity. Kiyosaki cited growing institutional and retail interest, referencing industry leaders like Raoul Pal, Michael Saylor, and Anthony Pompliano, who predict Bitcoin may soon enter a rapid price appreciation phase, nicknamed the ’banana zone.’ He also compared Bitcoin favorably to traditional fiat currencies and warned about inflation’s impact on the US dollar. The latest statements suggest that even minimal BTC holdings could offer unprecedented opportunities for wealth and financial freedom. Kiyosaki’s endorsement and reference to influential figures have kept the focus on Bitcoin’s upside potential, helping sustain bullish market sentiment and encouraging traders and investors to accumulate or hold BTC amid ongoing macroeconomic uncertainty.

Analysts highlight that while US spot Ethereum ETFs and applications for other altcoin ETFs like Dogecoin and Solana are advancing, these products are unlikely to attract significant institutional demand. Unlike Bitcoin ETFs, which have seen robust inflows and price gains, altcoin ETFs face challenges such as higher risk perception, regulatory uncertainty, and insufficient market liquidity. Notably, Ethereum ETFs experienced a brief inflow spike, but failed to sustain price momentum, with prices dropping over 50% after an initial rally. The US SEC has postponed decisions on Dogecoin and XRP ETFs, and analysts warn staking options alone will not drive demand unless supported by a broader price rally and stronger investment narratives. For crypto traders, altcoin ETFs may add new trading vehicles but are not expected to trigger substantial price increases through institutional channels in the near term. Ongoing regulatory developments and overall crypto market trends remain key factors to watch.

Bitcoin is at the forefront of a massive wealth transfer, as millennials are set to inherit $90 trillion over the next two decades, according to Knight Frank’s 2024 Wealth Report. This demographic shift is expected to drive crypto adoption, with millennials showing a higher risk appetite and preference for digital assets like Bitcoin. Institutional inflows into spot Bitcoin ETFs and positive regulatory developments continue to support Bitcoin’s price. Arizona has recently established a state-level Bitcoin reserve, leveraging long-inactive digital assets for staking and yield, and setting a potential precedent for public sector crypto holdings in the US. The state’s move adds legitimacy and may further fuel institutional confidence. Following a surge that led to an all-time high above $109,000 and a subsequent correction to $75,000, Bitcoin rebounded above $100,000, with analysts considering the pullback as a healthy consolidation. Forecasts now predict a potential rally toward $250,000 by the end of 2025, supported by strong demand, tightening exchange liquidity, and ongoing accumulation by corporates and governments. Meanwhile, meme coins such as BTC Bull Token ($BTCBULL) are gaining momentum. BTCBULL offers holders unique rewards, including automatic Bitcoin airdrops at each $50,000 price milestone via Best Wallet and token burns at every $25,000 increase to enhance scarcity. Currently priced at $0.00252 in presale, $BTCBULL is positioned to benefit from future Bitcoin bull markets. However, with heightened volatility, traders are advised to exercise caution and conduct thorough research before investing. The combined factors of generational wealth shift, increasing institutional participation, and innovative blockchain projects suggest a continued bullish outlook for Bitcoin and selected crypto assets.

Bitcoin (BTC) has surged past Alphabet (GOOGL) to become the world’s sixth-largest asset, reaching a price above $106,000 and a market capitalization over $1.67 trillion. This ascent highlights growing institutional and sovereign confidence in cryptocurrencies, as major companies and hedge funds increase BTC reserves. In a parallel trend, Tether’s holdings in U.S. Treasuries and gold have now surpassed those of Germany, underlining crypto’s strengthening position in global finance. The introduction of new U.S. tariffs and policy shifts have prompted investors to seek alternatives, driving flows into digital assets. Bitcoin is increasingly regarded as ’digital gold’ and a safe-haven asset during U.S. market uncertainty. Meme coins are also benefitting from this momentum, particularly Bitcoin Pepe (BPEP) which positions itself as the first meme-based Layer 2 solution for Bitcoin. Its BPEP token presale has successfully raised nearly $10 million and surged 62.9% since launch, with investor demand climbing. Bitcoin Pepe’s new PEP-20 standard allows for rapid, low-fee memecoin issuance on Bitcoin, akin to Solana’s network speed. With BPEP set to list on exchanges soon, investor anticipation remains high. Despite brief market corrections, sentiment for Bitcoin and innovative tokens is bullish, reflecting a broad acceptance of digital assets as investment vehicles. For crypto traders, these developments point to heightened trading opportunities in both Bitcoin and fast-growing projects like Bitcoin Pepe.

A seasoned crypto trader has identified an emerging altcoin as having the potential to deliver Chainlink-level gains, emphasizing the importance of recognizing projects with robust fundamentals, active communities, and technological innovation. In a notable update, analyst Michael Poppe issued a bullish forecast for Chainlink (LINK), projecting a possible rally toward $19.77 if the current $15 support holds, citing recent partnerships and the introduction of staking as positive drivers. The altcoin market is displaying renewed momentum, with a significant number of top-100 coins outperforming Bitcoin last month. Additional expert commentary highlights Cardano (ADA), which is targeting new highs in its ascending channel and could reach $0.92 if its $0.72 support persists. The evolving competitive landscape among altcoins brings both opportunities and risks, and traders are advised to monitor trending projects closely. The latest insights underscore increased volatility and potential breakout moves for LINK and ADA. Keeping a watch on innovative altcoins and changing market dynamics is essential for traders seeking superior returns in the current phase of the cryptocurrency market.

The U.S. Securities and Exchange Commission (SEC) has released an updated FAQ providing regulatory guidance for crypto assets and distributed ledger technology (DLT). This guidance, reflecting SEC staff views but not legally binding, addresses crucial questions for crypto traders and industry participants. Key updates clarify how broker-dealers must handle crypto asset custody, specifically stating that only crypto assets classified as ’securities’ under U.S. law qualify for Securities Investor Protection Corporation (SIPC) insurance in the event of broker failure. Well-known cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), categorized as non-securities, lack SIPC protection, increasing risks for holders if brokers become insolvent. The FAQ also acknowledges that blockchain technology can be used legally as a transfer agent’s recordkeeping system, provided that compliance, security, and accuracy standards are maintained. However, regulatory exemptions for security tokens—for example, the Special Purpose Broker-Dealer (SPBD) framework—are temporary and do not substitute permanent rules. Commissioner Hester Peirce criticized the FAQ for being incremental and called for more comprehensive reform, noting it does not address the full spectrum of digital asset risks or protections. For crypto traders, this guidance highlights that many digital assets remain outside established investor protections, with the SEC slowly adapting its framework. Ongoing regulatory evolution and political shifts may significantly affect compliance requirements and market operations for crypto trading platforms, ETF issuers, custodians, and investors.

Bitcoin’s price action remains uncertain as multiple factors weigh on its outlook, despite recent bullish momentum and strong inflows into spot Bitcoin ETFs. Analysts highlight three primary challenges: weakening market sentiment, with indicators like the UMich consumer sentiment index and AAII investor surveys showing rising pessimism; ongoing uncertainty over U.S. Federal Reserve monetary policy, particularly regarding expected interest rate cuts in 2025—which, if not realized, may reduce liquidity and risk appetite, putting pressure on Bitcoin prices; and heightened event risk from unpredictable incidents such as cyberattacks, major disasters, or geopolitical shocks that could spark sharp selloffs in high-beta assets like Bitcoin (BTC). While positive ETF inflows signal sustained institutional interest, technical support levels at $92,500 and $89,000 are being closely watched, with $90,000 serving as a crucial psychological threshold. If these supports are breached, further technical breakdown and loss of confidence are possible. The market is currently indecisive, with Bitcoin fluctuating near $94,000 and traders attentive to macroeconomic signals, Fed policy decisions, and sudden risk events, any of which could quickly shift market sentiment.

The Russian government is actively debating the launch of a ruble-pegged stablecoin, aiming to address rising domestic demand for regulated yet innovative cryptocurrency solutions. At the Moscow Blockchain Forum, industry leader Sergey Mendeleev outlined a proposal for a ruble-backed cryptocurrency that would combine privacy, strong decentralization, and resistance to censorship. The envisioned coin would support untraceable, non-KYC transactions using over-collateralized smart contracts, similar in structure to DAI. Key features discussed include support for Russia-compliant legal frameworks, prevention of asset freezing via smart contracts, and potential interest-bearing functionality. This approach stands in sharp contrast to most state-backed digital currencies, which tend to emphasize regulatory control and transparency. However, Russia’s current legal and regulatory climate heavily favors centralized oversight and restricts privacy features, presenting major obstacles for such a project. While technical elements of the plan have been seen in other pilots, no project has yet achieved a full blend of fiat anchoring, high liquidity, anonymity, and decentralization. Authorities are also fast-tracking a centrally controlled digital ruble for launch by late 2025. Ultimately, the feasibility and market competitiveness of a decentralized and privacy-oriented ruble stablecoin depend on significant regulatory adaptation—especially regarding anonymous transactions. The situation highlights an ongoing tension in the crypto sector between technological innovation and strict regulation, especially in restrictive markets like Russia.

Brazil has become the first country to launch a spot XRP ETF, named Hashdex Nasdaq XRP Fundo de Índice (XRPH11), on the B3 stock exchange. Managed by Hashdex and secured by Banco Genial, the fund tracks the Nasdaq XRP Reference Price Index and starts with about $40 million in assets. At least 95% of its portfolio is invested in XRP or related products, catering to increased institutional interest. The management fee is capped at 0.7% per year. Regulatory approval was granted by the Brazilian Securities and Exchange Commission two months prior to launch, positioning Brazil as a leader in regulated crypto investment products. This development comes as the US SEC continues to delay spot XRP ETF approvals, intensifying global attention on XRP investment vehicles. Hashdex, a leading crypto fund provider in Brazil, now offers its ninth digital asset ETF, underlining the country’s rapidly expanding ecosystem for regulated crypto funds. The move is expected to heighten global interest in XRP, enhance crypto diversification for institutional investors, and could spur other jurisdictions to develop similar regulatory frameworks, thereby shaping the global future of crypto investment products.

Recent developments in U.S.-China relations and Federal Reserve policies suggest the possibility of an interest rate hike due to ongoing trade tensions. This scenario poses concerns for the cryptocurrency market, particularly Bitcoin and other risk assets. Experts like Komal Sri-Kumar have highlighted inflation risks, urging vigilance from the Fed. While some anticipate rate cuts to stimulate growth, a hike could create friction with the U.S. government, which has historically resisted such measures. The trade war continues to produce a volatile environment for U.S. manufacturers, with tariff threats fluctuating. As the market digests these geopolitical and economic uncertainties, crypto traders should brace for potential volatility and shifts in asset performance.

John Patrick Mullin, CEO of Mantra DAO, is tackling the sharp drop in OM Coin’s value by implementing a buyback and token burn program, while no team tokens have been sold during the crisis. Mullin is enhancing market transparency with live data panels. More recently, Mullin seeks community input on the future of 772,081 OM tokens he holds, aiming to reinforce decentralized governance. The community can opt for immediate token burn, extended vesting, storage in a community multisig wallet, or milestone-based unlocks. These initiatives aim to stabilize the token’s value, restore trust, and could set a precedent for community engagement in crypto governance.

Cryptocurrencies XRP and Cardano (ADA) have faced significant volatility after President Trump’s tariff announcement, with XRP declining over 14% in a week. Despite this, ADA shows potential with large ’whale’ investments and upcoming protocol upgrades aimed at enhancing its network capabilities. In contrast, Rollblock, a blockchain gaming platform, is gaining prominence due to its innovative tokenomics, including token buybacks, and a focus on regulation. The platform’s growth positions it as a potential leader in the iGaming sector. As Rollblock enters its presale phase, it may attract traders seeking opportunities during the anticipated altcoin season at the end of Q2. This could provide a hedge against volatility in major altcoins like XRP and ADA. XRP’s long-term prospects remain promising with potential catalysts such as a Ripple-SEC settlement and a future Ripple IPO or XRP ETF.

The cryptocurrency market is spotlighting three major projects poised for substantial growth: Lightchain AI, Verasity, and Arbitrum. Lightchain AI is advancing the integration of artificial intelligence within decentralized applications and drew significant attention with its presale success. Verasity is enhancing transparency in digital advertising through its Proof of View protocol. Meanwhile, Arbitrum addresses Ethereum’s scalability problem by providing more cost-effective and swift transactions. These innovative projects feature technologies and roadmaps potentially providing high returns, attracting investors looking for new opportunities in the crypto sector. The broader acceptance by major companies like PayPal and Tesla further indicates potential market expansion, presenting fresh opportunities for traders to consider in the approaching bull run.

Rexas Finance (RXS) is rapidly gaining traction among investors, attracting significant attention from both Dogecoin (DOGE) and Ripple (XRP) investors by raising over $44.5 million during its presale. As Ripple faces ongoing legal challenges with the SEC and Solana encounters frequent network outages, Rexas Finance emerges as a promising alternative. This blockchain project focuses on asset-backed tokenization, offering tools for fractional ownership of high-value assets. It’s noteworthy for solid tokenomics, with a planned launch price of $0.25 and a total supply of 1 billion RXS. The platform’s credibility is bolstered by a Certik audit, and it plans to list on major exchanges soon. The combination of stability and growth potential in the volatile crypto market enhances its appeal, positioning Rexas Finance as a potential game-changer in blockchain investments.

The U.S. Commodity Futures Trading Commission (CFTC) has intensified its focus on crypto fraud under the leadership of Acting Chair Caroline Pham. A recent enforcement action was taken against Rashawn Russell, who allegedly ran a fraudulent digital assets scheme between 2020 and 2022, deceiving investors and misappropriating approximately $1.5 million. The CFTC’s complaint highlights Russell’s misleading promises of no loss and 25% returns. This move reflects a shift in the CFTC’s approach, from a regulation by enforcement strategy to a more proactive stance in tackling retail and complex fraud cases. The CFTC’s actions come alongside similar moves by the SEC, indicating a broader regulatory effort to ensure accountability and transparency in the cryptocurrency market. This shift may significantly impact trading dynamics as regulatory bodies clamp down on fraudulent activities.

On October 24, US President Donald Trump granted a full pardon to Binance founder Changpeng Zhao, erasing his late-2023 conviction on anti-money laundering charges. The pardon removes major legal hurdles for Binance’s US operations and has fueled a 15% rally in BNB, pushing its market cap above $90 billion. Despite a $4.3 billion settlement, Binance still accounts for roughly 40% of global spot volume. Under regulatory pressure in Western markets, Binance has shifted focus to Asia: SoftBank’s PayPay now holds 40% of Binance Japan, Gulf Binance secured a full license in Thailand, and Binance re-entered South Korea by acquiring GOPAX. Meanwhile, the BNB Chain sees renewed growth in trading volumes, active wallets and developer activity. Binance’s ERC-20 stablecoin reserves have climbed to $44.2 billion, representing 67% of exchange balances and solidifying its role as a stablecoin liquidity hub. Traders should watch for US compliance updates, CFTC engagement and potential regulatory green lights that could pave the way for a full Binance US return. BNB currently trades around $1,128, with support at $1,080 and resistance near $1,180; a breakout above $1,180 could target $1,300, while a dip below $1,050 risks retesting $1,000.

A dormant Bitcoin whale has resurfaced after two years, acquiring an additional 250 BTC worth approximately $26.37 million, building upon a previous 500 BTC purchase when Bitcoin traded at $27,400. Now holding 750 BTC with a weighted average cost of $53,426, the whale enjoys over $39 million in unrealized profits as Bitcoin price approaches $105,940. This substantial accumulation has drawn attention from crypto traders, suggesting potential renewed institutional interest or impending market shifts. Technical analysis indicates Bitcoin’s current inverse cup-and-handle pattern, with key support near $100,800—failure to hold this level could drive prices down to $91,000. Meanwhile, Bitcoin’s RSI sits at 52, reflecting a decline in bullish momentum. Last week, Bitcoin briefly fell below $101,000, triggering close to $1 billion in futures liquidations before rebounding. Analysts are closely monitoring large wallet movements, as significant whale activity often influences broader trader sentiment and can precede major price action in the cryptocurrency market.

Leading asset managers, including VanEck and 21Shares, have jointly urged the U.S. Securities and Exchange Commission (SEC) to reinstate the ’first-to-file’ principle for cryptocurrency ETF applications. They argue that the SEC’s recent shift toward simultaneous approvals allows larger firms to replicate products and access the market alongside early movers, undermining innovation, competition, and regulatory integrity. Both industry insiders and stakeholders now express concerns that the current ETF approval process may unfairly benefit late entrants, distorting market share and raising questions about transparency and fairness in the rapidly evolving crypto ETF sector. As several prominent companies compete to launch Bitcoin ETFs, the emphasis on a fair and consistent regulatory approach is seen as critical for maintaining market integrity, supporting investor confidence, and sustaining healthy growth in the U.S. crypto ETF landscape. The debate comes at a time of robust market momentum, with total crypto capitalization exceeding $3 trillion and surging trading volumes, underscoring the growing role of ETFs in mainstream crypto adoption.

Japanese listed company Remixpoint has strengthened its commitment to cryptocurrency investments by purchasing 44.8 Bitcoin worth $4.7 million, as part of a broader strategy to expand digital asset holdings. Following a board resolution on May 26, the company moved ahead with an additional ¥1 billion (about $6.5 million) allocation for Bitcoin purchases. This latest acquisition brings Remixpoint’s total crypto holdings to approximately ¥12 billion ($83.98 million). The move reflects a rising trend among Japanese corporations to include Bitcoin in their balance sheets for diversification and potential returns, echoing a growing global shift towards institutional adoption of digital assets. As Remixpoint both operates BITPoint Japan, a cryptocurrency exchange, and has roots in the energy sector, it leverages its unique position to manage substantial digital assets, potentially enhancing exchange credibility and market confidence. This continued accumulation of Bitcoin by Remixpoint may encourage further institutional interest across Japan and Asia. The announcement supports positive market sentiment and highlights the increasing strategic exposure of Japanese firms to Bitcoin, though volatility and regulatory concerns remain relevant risks.