Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Panama City is progressing with the integration of Bitcoin (BTC) into its public and financial systems, following El Salvador’s example. Recent developments include a city council act enabling residents to pay municipal taxes and fees using Bitcoin, with payments processed by third parties and instantly converted into US dollars, circumventing the need for national legal reform. State-owned banks such as Caja de Ahorros and Tower Bank plan to introduce services like Bitcoin savings accounts and trading, reflecting Panama’s $5 billion annual BTC trading volume. There’s consideration of accepting Bitcoin for Panama Canal fees to streamline cross-border operations. The approach is phased—first rolling out financial services and digital payments, then collecting data, before pursuing broader legislation. The initiative has drawn interest from other Latin American cities, while experts emphasize Bitcoin education, strict crypto regulation, and restrictions on unregistered altcoins. These ongoing policy experiments and growing user adoption position Panama as an emerging crypto hub in the region, likely enhancing mainstream Bitcoin use and boosting regional economic development.

Major cryptocurrency investors, known as whales, are increasing their holdings across several key digital assets, including Dogecoin (DOGE), Avalanche (AVAX), Quant (QNT), Toncoin (TON), and the emerging Ozak AI project. This accumulation is notable during a period of relatively low overall market activity. On-chain data reveals that whales have acquired significant amounts of DOGE, AVAX, and QNT, with whale netflow spikes for AVAX and QNT correlating with renewed price momentum and heightened volatility. The launch of Overledger Fusion further boosted QNT’s appeal. Recent market data also highlights intensified whale interest in TON and Ozak AI, the latter gaining traction due to its innovative integration of artificial intelligence with blockchain technology. Across all these tokens, there has been a clear surge in trading volumes, on-chain transactions, and social media attention, reflecting rising trader sentiment. Analysts suggest these bullish signals could point to further upward price potential, especially if accumulation continues. However, traders should remain cautious, as any pause or reversal in whale activity may result in selloffs and downward price pressure. Overall, monitoring whale movements and market sentiment around these assets is crucial for identifying timely trading opportunities.

TRON founder Justin Sun, a well-known cryptocurrency billionaire, is set to make history as the first major figure in crypto to fly into space, with Blue Origin’s New Shepard rocket. Sun secured his seat via a $28 million charity auction in 2021, and recent official tweets confirm the mission is now scheduled for July 2025 after earlier delays. He will join five other passengers, including another charity auction winner. This high-profile event is expected to raise the profile of TRON (TRX), foster greater public interest in blockchain technology, and highlight the intersection of crypto innovation and space exploration. Market analysts suggest Sun’s bold move could bring mainstream attention and increased media coverage to TRON and the broader crypto sector. Traders are advised to watch TRX closely for heightened attention or price volatility, especially as the launch date approaches. Sun’s previous high-visibility activities, like his $4.5 million lunch with Warren Buffett and appearances at major crypto events, underscore his ongoing PR strategy to elevate TRON’s brand.

Recent analyses combining on-chain data and historical market cycles indicate that Bitcoin (BTC) may continue its bullish momentum through summer 2025, challenging the common ’Sell in May and go away’ strategy prevalent in traditional finance. While typical summer months have historically seen weaker returns, deeper analysis reveals this trend only holds during major bear markets like 2014, 2018, and 2022. Excluding those years, average summer and September returns are positive, with October showing particularly strong performance. On-chain indicators such as the Market to Realized Price Ratio (MRPR), MVRV Z-Score, advanced net UTXO Supply Ratio, and Value Days Destroyed (VDD) suggest the market remains in a late-bull phase. Large holders are taking profits, but no major cycle top has formed. Exchange netflow remains negative, indicating continued accumulation and limited panic selling, even as retail investors increase profit-taking near all-time highs. Meanwhile, metrics point to enduring demand from long-term holders. Compounded returns data underline the risk of exiting during summer months: holding BTC since 2012 yields exponentially higher returns compared to following seasonal exit strategies. Analysts recommend traders avoid relying on seasonal clichés, instead monitoring core on-chain metrics, macroeconomic factors, global liquidity, and investor sentiment. These combined factors support the view that a potential cycle peak may arrive in fall 2025, with continued upside possible during the upcoming summer. Overall, ignoring unfounded seasonal fears and maintaining long-term positions could help traders capture significant gains as cycle momentum builds, making summer 2025 a potentially lucrative window for Bitcoin investors.

The anticipated crypto bull run in 2025 is drawing increased attention to both established and emerging altcoins. Renewed bullish sentiment is fueled by Bitcoin halving expectations, improved investor outlook, and ongoing regulatory developments. Notable coins flagged for significant growth include Shiba Inu (SHIB), PEPE, XRP, Cardano (ADA), Stellar (XLM), Rexas Finance (RXS), and Mutuum Finance (MUTM). Meme coins such as SHIB and PEPE remain popular due to strong community engagement and viral momentum, though their underlying value is speculative. SHIB is evolving with the Shibarium layer-2 network, DeFi expansion, token burns, and metaverse integration. PEPE maintains high trading volumes and is exploring DeFi and NFT expansion. XRP is showing signs of recovery after regulatory wins, while Cardano (ADA) is gaining on smart contract upgrades and scalability improvements, approaching the $1 mark. Stellar (XLM) furthers its cross-border payments partnerships, enhancing its global remittance use case. Rexas Finance (RXS) brings real-world asset tokenization, has passed substantial presale milestones, and emphasizes security and capped supply. Mutuum Finance (MUTM), still in presale, offers early investors potentially high returns, innovative DeFi lending, and active community incentives. Both RXS and XLM are seen as having up to 25x upside, and overall, traders are advised to balance speculative meme coins with utility-driven projects for sustainable gains. Recent developments in presale performance, user engagement, and DeFi innovation highlight new early-stage opportunities for traders ready to position for the next bull market.

Elon Musk has launched a limited beta test of X Payments (also known as X Money) on his X social platform, introducing an in-app wallet for peer-to-peer fiat transfers. Developed in partnership with Visa, the service allows users to link debit cards and manage digital wallets, mirroring offerings like Venmo and Cash App. While there was early speculation about the inclusion of cryptocurrencies such as Dogecoin, the current beta is strictly fiat-only and excludes all crypto integration, including Dogecoin. The service is available to select US users as X Payments awaits regulatory approval in key states like New York, though it has secured licenses in 41 states, D.C., and recently California. X CEO Linda Yaccarino stated that Visa is only the first of many planned integrations. While crypto markets—especially meme coin communities—remain hopeful for future integration, Musk and his team have indicated there are currently no plans to add crypto assets to X Payments. This cautious rollout provides a new fiat revenue stream for the platform, but the potential for Dogecoin or other cryptocurrencies may depend on future regulatory clarity and Musk’s risk appetite. Crypto traders are advised to watch for regulatory updates or official crypto integration announcements, as these could quickly impact meme coin price movements and overall sentiment.

Ethereum (ETH) has recently experienced a price rally and renewed optimism fueled by clear regulatory guidance on its status. This regulatory clarity has bolstered market confidence not only in Ethereum but also in emerging crypto projects like MAGACOIN FINANCE and established assets such as XRP. MAGACOIN FINANCE has reported strong presale results, indicating robust demand among investors seeking opportunities beyond established cryptocurrencies. Experts suggest that this transparent legal landscape could drive broader crypto adoption and increase market participation. As a result, there is positive sentiment and heightened trading activity, with both institutional and retail traders expected to boost volumes and liquidity in ETH, MAGACOIN FINANCE, and XRP as regulatory risks diminish and optimism rises.

The current crypto bull market has highlighted clear winners and losers across different strategies and asset classes. Bitcoin has surged past $100,000, supported by strong institutional inflows and spot ETF approvals, pushing BTC to new all-time highs above $110,000 and making over 99% of Bitcoin wallets profitable. Institutions and listed companies that accumulated BTC have reported notable gains. The broader rally has also seen increased risk appetite and trading activity, while macroeconomic factors like easing US-China trade tensions and expectations of US rate cuts have encouraged capital inflows. Meanwhile, Bitcoin’s dominance peaked at 64-65% before funds rotated toward altcoins, with stablecoin supply reaching record highs and the Altcoin Season Index rebounding. Meme coin traders—especially those focused on Solana, Base, and Ethereum ecosystems (e.g., WIF, PEPE, TRUMP)—have realized outsized gains, but success demanded sharp timing and risk management. Airdrop hunters also benefited handsomely from targeted participation in Layer1, Layer2, and DeFi protocol airdrops (like Arbitrum and Wormhole), despite intensifying competition. The altcoin rally has evident distinctions from previous cycles: higher institutional participation, better-managed volatility, and social media-driven flows into meme coins and innovation-driven sectors such as AI and Layer2 tokens (e.g., FET, AGIX, ARB, OP). However, many retail altcoin investors, especially in the ETH ecosystem, and traditional VC approaches underperformed. Regulatory improvements have promoted further institutional adoption. In summary, the market continues to reward agility, expertise, and timely exits—opportunities remain, but sustained edge and adaptability are essential amid increasing complexity.

On Bitcoin Pizza Day, May 22, 2025, Bitcoin surged to a record high of $111,814 amid notable developments in institutional adoption and the increasing intertwining of crypto with U.S. politics. The rally was attributed to aggressive buying by corporations and institutions—led by Michael Saylor’s Strategy (formerly MicroStrategy)—as well as ETFs and governments, which collectively acquired 225,000 BTC in 2025, while retail investors sold a net 247,000 BTC. This movement comes in the wake of heightened U.S. fiscal concerns, including a controversial federal budget bill, ballooning national debt, and a weakening U.S. dollar, prompting traders to view Bitcoin as a potential safe haven asset. Political acceptance of crypto was underscored when President Donald Trump hosted a private dinner for the top 220 holders of the $TRUMP token, with notable blockchain figures like TRON’s Justin Sun in attendance. Sun, the largest $TRUMP holder and strategic advisor to Trump-associated World Liberty Financial (WLFI), has invested $75 million into the project. Regulatory milestones, such as the Bitcoin Strategic Reserve Act and new stablecoin bills, further signal deepening mainstream acceptance. However, analysts warn of bubble risks as corporate and institutional buying is leveraged and demands ongoing capital inflow. Retail enthusiasm is waning, with many shifting toward physical gold as their preferred safe haven, and surveys in regions like Singapore show declining crypto ownership despite high awareness. Market participants caution that any reversal in corporate appetite or distress among leveraged buyers could trigger a sharp correction. For crypto traders, these developments reflect a shifting market structure increasingly dominated by institutions, with far-reaching implications for trading strategy, sentiment, and regulatory risk.

Nvidia CEO Jensen Huang has emphasized that DeepSeek, an emerging Chinese artificial intelligence startup, has caused AI computational requirements to surge by 100 to 1000 times. DeepSeek, known for its open-source approach and rapid model development, not only outperformed U.S. rivals in efficiency and costs but also triggered major shifts in the global AI race. This spike in AI computing demand is expected to further fuel advancements in high-performance hardware, particularly GPUs—a key component for both AI workloads and crypto mining. Nvidia, a central player in both tech and crypto hardware markets, stands to benefit, as rising demand for powerful chips could spill over into the blockchain sector through increased usage of distributed computing and specialized mining chips. The ongoing U.S.–China competition over AI and chip technology and China’s domestic innovation push suggest continued expansion in these interconnected sectors. Traders should watch GPU manufacturers and related crypto hardware firms for potential growth driven by AI adoption.

Nvidia’s significant increase in its stake in CoreWeave, a company that transformed from an Ethereum mining operation into an AI cloud computing provider, has fueled a massive surge in CoreWeave’s valuation. According to regulatory filings, Nvidia boosted its shares from 17.9 million at CoreWeave’s IPO to 24.2 million by Q1 2024, with the stake now valued at over $1.8 billion. This news pushed CoreWeave stock up by 26.3% to $81, more than doubling its IPO price within two months and driving its market capitalization past $38 billion. Despite a staggering 420% rise in Q1 revenue year-over-year, CoreWeave’s operating expenses also grew sharply, widening net losses by 143%. The company’s close partnership with Nvidia, along with major AI infrastructure deals like an $11.9 billion agreement with OpenAI, has attracted major institutional investment and triggered heightened trading volumes. Analysts predict the global cloud AI market could reach $2 trillion by 2030. For crypto traders, CoreWeave’s transition highlights a broader industry shift from traditional crypto mining to AI-driven cloud services, underscoring the expanding overlap between crypto infrastructure and the rapidly growing AI sector.

Crypto prediction platforms Polymarket and Kalshi reveal rising bullish sentiment for the cryptocurrency market moving into 2025. Traders on these markets forecast Bitcoin (BTC) reaching new all-time highs, with probabilities of 60% or higher for BTC surpassing $125,000 and Ethereum (ETH) exceeding $5,000. As of May 2025, Polymarket trading activity suggests 87% confidence in BTC crossing $110,000, and strong volumes support targets of $120,000 and $130,000. At present, BTC trades around $103,953, not far below its January 2025 high of $108,786, buoyed by macroeconomic tailwinds such as the recent U.S.-China trade agreement. Traders are also optimistic for altcoins and ETF launches. Probabilities of U.S. approval for crypto ETFs including XRP, SOL, and LTC range from 51% to 75%, underscoring anticipated mainstream adoption. Meanwhile, Hyperliquid (HYPE) and FARTCOIN are among trending tokens, with 62% of Polymarket traders betting on HYPE to hit $28 and 75% expecting FARTCOIN to reach $1.50 before June 2025. Polymarket users are closely monitoring Q2 2025 airdrop candidates like Linea (leading with 40% support), Ethereum wallet Rainbow, and meme coin platform Pump.fun. In U.S. political forecasts, Kalshi traders assign a 59% probability that Donald Trump, if elected, might create a national Bitcoin reserve, reflecting expectations for crypto-friendly regulation. In contrast, CME futures markets project a more cautious price rise, estimating BTC at $98,000 and ETH at $3,500 for Q1 2025 delivery. Nonetheless, prediction markets have a record of outperforming traditional financial forecasts in event prediction. For crypto traders, these signals underline broadly bullish forecasts for Bitcoin, select altcoins, and upcoming airdrop events in 2025. The combined influence of trader optimism, regulatory developments, ETF potential, and anticipated airdrops could drive ongoing market momentum and shape trading strategies in both the short and long term.

Former U.S. President Donald Trump has urged India and Pakistan to seek resolution of their longstanding disputes through strengthened trade and economic cooperation. This diplomatic stance signals a shift toward dialogue and engagement for both nations, with positive responses reported from both sides. Analysts note that enhanced trade relations between India and Pakistan could drive the implementation of blockchain technology and cryptocurrency for cross-border transactions, making payments more transparent and efficient. As major emerging markets, deeper integration of digital currencies in trade could foster innovation and elevate cryptocurrency acceptance across South Asia. For crypto traders, this development suggests new regulatory openings and practical use cases for assets like Bitcoin and blockchain-based solutions, supporting potential market growth and wider adoption of digital assets in the region. The news also indicates possible shifts in capital flows and regulatory environments within the South Asian crypto landscape.

Leading crypto analysts are increasingly bullish on altcoins, notably Shiba Inu (SHIB) and Cardano (ADA), identifying both as standout contenders with the potential for 100x returns. Expert Henry and other commentators underscore SHIB’s rising momentum, fueled by growing adoption of its layer-2 Shibarium network and consistent token burns. Since Shibarium’s 2023 launch, it has recorded over 1 billion transactions—a testament to surging on-chain activity. Analysts project that if ecosystem adoption improves, SHIB could exceed its previous all-time highs, with potential price growth of up to 790% cited. Cardano (ADA) remains a focal point for long-term investors, with analysts describing the asset as undervalued and robust. Price targets for ADA range from $1.60 in the near term to $3 by year-end, driven by infrastructure upgrades and scalability enhancements. Sentiment around both SHIB and ADA is buoyed by positive technical trends and upcoming catalysts. The articles highlight broader themes of renewed institutional interest, sustained adoption, and market optimism. Traders are advised to monitor these altcoins closely, as continued adoption and network upgrades could offer significant trading opportunities during bullish market cycles.

Solana’s native cryptocurrency SOL has experienced a sharp 85% rally over the past four weeks, substantially outperforming bitcoin and Ethereum. Crypto analytics firm Amberdata previously forecast that SOL could reach $200 by May 2025, citing increased interest in $200 strike call options and noting the $160 resistance as a pivotal level for near-term price action. Newer developments show institutional block traders aggressively purchasing the $200 call options expiring June 27 on Deribit, indicating strong expectations that SOL could surpass the $200 mark before the end of this month. Last week alone, 50,000 call contracts traded—totaling $263,000 in premiums—with annualized implied volatility at 84%, which is below SOL’s historical averages. This heightened demand for call options has resulted in significant negative gamma exposure for option market makers, likely increasing price volatility as they hedge their positions, particularly if SOL crosses $200. Meanwhile, the ongoing rotation from Ethereum to Solana and supportive regulatory sentiment from the SEC provide additional tailwinds. Crypto traders should closely monitor the critical $160 and $200 levels as institutional bullish sentiment and derivatives activity point to further volatility and possible short-term upside for SOL.

China will launch a new round of high-level trade negotiations in Switzerland on Saturday, as announced by US Treasury Secretary Bessent. While details about specific topics and participants remain undisclosed, the progress of these talks represents a significant development following earlier reports of advanced-stage trade negotiations involving major economies. Enhanced trade agreements are typically associated with improved global economic stability, which can bolster risk assets, including cryptocurrencies such as Bitcoin. For crypto traders, the involvement of China—a major player in both global trade and digital assets—may trigger shifts in market sentiment, risk appetite, and regulatory outlook. Investors should closely monitor the negotiations, as positive outcomes could lead to renewed investor confidence, greater liquidity, and stronger price movements across the cryptocurrency market.

VanEck has filed an S-1 application with the U.S. SEC to launch the first exchange-traded fund (ETF) tracking Binance’s BNB token and its blockchain, potentially including staking rewards. This ETF would give U.S. investors regulated access to BNB—the fifth-largest cryptocurrency by market cap—without direct ownership. The move comes as former Binance CEO Changpeng Zhao (CZ) has been advising governments on establishing national cryptocurrency reserves, fueling speculation about institutional and possibly sovereign adoption of BNB. Bloomberg analyst Eric Balchunas suggests VanEck’s timing may anticipate increased demand for BNB if it is used in national reserves. While the concept of sovereign crypto reserves remains exploratory and BNB faces considerable regulatory scrutiny and centralization concerns, especially in the U.S., VanEck’s filing highlights growing institutional interest and the ongoing integration of traditional finance with the crypto sector. Traders should monitor for SEC updates on the BNB ETF application, potential policy moves by governments regarding crypto reserves, and evolving regulatory frameworks. The development could broaden market acceptance and liquidity for BNB, but regulatory uncertainty continues to present significant risks for price action and adoption compared to assets like Bitcoin.

Investor sentiment for major altcoins such as Dogecoin (DOGE), XRP, and Solana (SOL) has improved significantly due to strong Bitcoin (BTC) performance and growing excitement surrounding potential exchange-traded fund (ETF) approvals. Data from Santiment and market predictions from Polymarket reveal surging optimism, with the likelihood of a spot XRP ETF approval rising and recent ETF filings for DOGE and XRP drawing institutional interest. Accumulation patterns, especially strong whale activity in DOGE, underscore increasing investor confidence. While Bitcoin leads the rally, altcoins are lagging, suggesting potential for delayed surges similar to past cycles. Analysts highlight that if Bitcoin holds above $80,000 and ETF anticipation continues, altcoins like XRP, SOL, and DOGE could gain further momentum. However, Santiment warns that heightened bullish sentiment can increase volatility and risk of sharp corrections. Crypto traders are advised to closely monitor ETF news, social sentiment, and key technical levels for effective risk management, as the interplay between fundamentals and market mood will shape trading opportunities.

Recent analyses have focused on Dogecoin’s (DOGE) potential for significant growth. Initially, projections suggested DOGE could rally by 333% to approximately $0.7, given favorable market dynamics and technical patterns. More recently, independent analyst Kevin considered the possibility of DOGE reaching $3, contingent on macroeconomic factors like Federal Reserve policy shifts and Bitcoin’s performance. If Bitcoin soars to $220,000-$250,000 during monetary easing, DOGE might achieve or surpass $3. However, if Bitcoin’s rally is moderate, DOGE’s price may cap near its historical high of $1. Kevin advises traders to focus on sentiment indicators for identifying profit-taking opportunities, especially during euphoric market phases. DOGE’s performance remains closely tied to Bitcoin and broader monetary policies. Currently, DOGE trades at around $0.17993.

Samson Mow, CEO of JAN3 and a prominent Bitcoin advocate, has expressed skepticism towards the valuation of altcoins like Ethereum, XRP, and Solana. He argues that these altcoins are overvalued due to investors’ unit bias, which makes them appear cheaper due to their high supply numbers compared to Bitcoin’s limited supply. Mow suggests recalibrating altcoin valuations using Bitcoin’s capped supply model, positing hypothetical values of $9,200 for Ethereum, $5,800 for XRP, and $3,400 for Solana if measured against Bitcoin’s principles. As altcoin seasons loom, Mow anticipates Bitcoin’s market dominance will bolster, supported by institutional interest and ETF inflows. Currently, Bitcoin is trading at $88,530, maintaining an upward trend. Mow’s analysis underscores Bitcoin’s perceived superior fundamentals, challenging investors to reconsider altcoin market perceptions.

In 2025, crypto rug pull losses have dramatically increased by 6,499%, totaling nearly $6 billion. This surge is majorly due to the Mantra (OM) network’s massive collapse, which alone accounts for 92% of these losses. The crisis was triggered by 43.6 million OM tokens worth $227 million being moved by 17 wallets to exchanges, causing the token’s price to plummet by over 90% within an hour. Although the frequency of such scams has decreased from 21 incidents in early 2024 to 7 during the same period in 2025, the financial impact of each has grown. This trend reflects a shift towards more sophisticated executions, especially in the memecoin sector. These developments underscore the importance of increased vigilance among traders, as the financial devastation of these scams can be significant, despite their reduced frequency.

In South Korea, the cryptocurrency market is seeing substantial growth, with over 30% of the population using crypto exchanges and one-third of high-net-worth individuals holding digital assets. This marks a maturing phase for the industry, driven by increasing involvement from affluent individuals. The market’s expansion could lead the user base to reach 20 million by year’s end. Over 20% of public officials also reportedly hold significant crypto investments, indicating broad acceptance across various sectors. These developments highlight cryptocurrencies’ rising importance in diversified portfolios. For traders, this trend could influence market demands, investor behavior, and future investment strategies.

Alon Cohen, co-founder of Pump.fun, recently shared the platform’s strategic trajectory on X, emphasizing its commitment to exploring synergies between social media and tokenization without venturing into token issuance. This aligns with Pump.fun’s vision to innovate in digital interaction while staying true to its core audience. Although the platform is resuming experimental features like live streaming, Cohen has assured users there will be no token launches or secret releases. This strengthens their stance on innovation in digital engagement, emphasizing user interaction instead of token creation. Such strategies may significantly impact the crypto market by highlighting new ways digital platforms can engage audiences without new token risks.

The U.S. Securities and Exchange Commission (SEC) is actively engaging with various cryptocurrency firms, including Fidelity, Hashdex, and Dechert, to discuss regulatory frameworks around exchange-traded products (ETPs), staking, decentralized finance (DeFi), and cybersecurity. This marks a potential shift from a stringent regulatory approach to one that balances regulation with innovation. Key discussions involve allowing Ethereum spot ETFs to participate in staking, which could pave the way for similar ETFs for other cryptocurrencies. The SEC is also collaborating with MITRE and other stakeholders to develop regulations for DeFi and stablecoins, aiming to enhance market infrastructure and investor protection. These developments suggest a move towards creating a more secure and investor-friendly trading environment, which could have implications for institutional adoption and overall market stability.

Vancouver’s Mayor Ken Sim is spearheading efforts to integrate Bitcoin into the city’s financial system. In a recent announcement, Sim discussed the potential inclusion of Bitcoin in city services and the partial conversion of city reserves into Bitcoin to combat currency volatility, devaluation, and inflation. While details on timelines and implementations are still developing, the initiative showcases Vancouver’s commitment to embracing digital currencies and enhancing its financial resilience. Sim’s vision aims to boost blockchain innovation and attract tech investments, aligning with the city’s reputation as a tech-forward leader. This move may set a precedent for other municipalities globally, especially following confirmation from a pending city officials’ report.

Coinbase is engaged in a legal battle with the FDIC over delays in responding to a Freedom of Information Act (FOIA) request concerning the alleged debanking of cryptocurrency firms. The exchange has accused the FDIC of using delay tactics as part of a covert effort, called ’Operation Chokepoint 2.0’, to isolate cryptocurrency from the U.S. financial system. Coinbase’s Chief Legal Officer, Paul Grewal, has criticized the FDIC’s request for an extension period as absurd, claiming they’re evading legal responsibilities. The case has drawn the attention of the House Oversight Committee, which is investigating the potential unlawful practices of federal regulators in discouraging banks from serving crypto clients without public oversight. This dispute could set significant precedents for transparency in federal dealings with digital asset firms.

In recent developments, former President Trump’s delay in trade policy implementation and the temporary tariff reduction to 10% have significantly boosted the NASDAQ and other markets. This move aligns with ongoing negotiations. In the crypto sector, Binance’s decision to list 17 projects, including FTT and ZEC, for a ’Vote to Delist’ is creating potential changes in market dynamics. Fetch.ai’s possible shift of 15 million FET through DWF Labs and Tether’s issuance of an additional $1 billion USDT on the Tron network are noteworthy. These actions could notably impact crypto market trends, with Binance’s market influence nearing 50%. Such developments highlight the interplay between political decisions and market responses, affecting both traditional and crypto markets.

BitMEX CEO Stephan Lutz elaborates on the influence of perpetual swap contracts on altcoin valuations and their critical role in price discovery and market sentiment reflection. These swaps allow traders to take long and short positions without owning the assets, serving both hedging and speculative purposes. The high liquidity and leverage typical of these contracts can sway spot prices and indicate wider market sentiments. Particularly for newly issued altcoins, perpetual swaps serve as the first derivatives product, critical in pricing and market evaluations. Exchanges like OKX, Bybit, and Binance show varied impacts on these contracts’ initial pricing, affecting traders’ ROI. Lutz advises careful selection of trading platforms to optimize returns and avoid pump-and-dump schemes.

Technical analyst Tony ’The Bull’ Severino and Matrixport have provided insights into Bitcoin’s current market phase. Severino cautions against comparing Bitcoin’s present condition to the 2017 bull run, noting that the 1-month stochastic oscillator indicates a resemblance to early 2018’s bearish trend, suggesting a possible significant correction. Currently, Bitcoin is holding between $81,000 and $84,500 but risks entering a corrective phase rather than repeating a bullish trend. Meanwhile, Matrixport’s report reveals that while Bitcoin traditionally rebounds at a 15% stochastic index level, it currently remains at 25%, signaling that the market may not be ready for a rebound. This comes amid cautious market sentiment due to conflicting geopolitical negotiations and a lack of clear support signals from the Treasury and Federal Reserve amid a 20% U.S. stock market correction. Traders should be cautious and may need to wait for more favorable market conditions before