Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Binance co-founder Changpeng Zhao (CZ) has firmly denied allegations by The Wall Street Journal (WSJ) claiming he acted as a fixer for World Liberty Financial (WLFI), an entity reportedly linked to former US President Donald Trump. CZ issued a statement on X (formerly Twitter), disputing any involvement in organizing introductions or deals for WLFI and criticizing the WSJ report as inaccurate and misleading. He stated that the article contained multiple factual errors and fit into an ongoing anti-crypto narrative, misrepresenting his connections and actions. Additionally, CZ clarified that claims of him recommending individuals to WLFI were false, noting prior acquaintance among the parties before his presence. The controversy has increased scrutiny on crypto’s political intersections and WLFI’s transparency. CZ’s rebuttal also followed earlier denials of involvement in testimony against Tron founder Justin Sun, signaling persistent regulatory and media attention on major crypto figures. For crypto traders, the escalating public disputes highlight ongoing challenges regarding regulation, transparency, and the intersection between digital assets and US politics. However, there is no current evidence suggesting immediate operational or direct market impact for Binance or the broader crypto market.

FBTC, a cryptocurrency, is experiencing a notable surge as traders seek alternatives to fiat currencies amidst growing inflation concerns, devaluation risks, and global macroeconomic uncertainties. The latest developments show that following the Federal Open Market Committee’s (FOMC) decision to maintain current interest rates, investor confidence in cryptocurrencies has strengthened. This has led to significant increases in trading volumes and strong bullish sentiment for FBTC, fueled by both retail and institutional participants. The trend mirrors previous cycles where worries over fiat currency stability and central bank policies prompted higher demand for decentralized assets. Market analysts highlight FBTC and similar digital assets as key inflation hedges, with traders actively monitoring central bank statements, macroeconomic policy shifts, and economic data to anticipate future price moves. As FBTC continues its breakout, it stands out as a preferred choice for investors seeking protection against fiat currency weakness and market volatility.

The European Central Bank (ECB) has heightened its alert over mounting financial market risks due to escalating global trade tensions, including US-China disputes and unpredictable US trade policy. In its latest Financial Stability Review, ECB Vice President Luis de Guindos pointed out that, despite recent sell-offs, stock market valuations remain high and disconnected from underlying credit risk, creating vulnerability. Of particular concern are open-ended funds holding corporate bonds, which face increased liquidity risks as investors withdraw capital. The ECB warns that further market shocks could force such funds into rapid asset sales, causing price dislocations and compounding instability. The Eurozone’s deep integration with global supply chains leaves it especially exposed to trade disruptions, with even minor regulatory shifts potentially triggering significant asset price swings. Persistent geopolitical uncertainties make a sustained return to market stability unlikely, and the ECB stresses the importance of global economic consensus. For crypto traders, these developments signal the potential for increased volatility and correlation risk in digital assets due to shifts in traditional capital flows and growing liquidity concerns.

Circle has officially launched the mainnet of the Circle Payments Network (CPN), a blockchain-native platform designed to streamline cross-border payments and settlements using its USDC stablecoin. The CPN supports real-time B2B payments, cross-border remittances, enterprise treasury operations, and payroll disbursements, targeting inefficient global payment workflows. Initial launch partners—such as Alfred Pay, Tazapay, Conduit, and RedotPay—are establishing USDC payment corridors in regions including Latin America and Asia. CPN offers programmable payments, 24/7 service, and real-time compliance monitoring via APIs, aiming to modernize the $190 trillion global payments industry. Circle intends to expand CPN’s reach to markets like Nigeria, the EU, UK, Colombia, India, UAE, China, Turkey, the Philippines, Vietnam, and Argentina by 2025. This expansion is likely to increase demand and liquidity for USDC. For crypto traders, the rollout of CPN underscores growing blockchain adoption in global finance, potentially boosting USDC’s adoption and enhancing stablecoin-based trading pairs.

Major institutional and retail investors are reducing exposure to US equities and bonds, sparking a shift of global capital towards European markets amid concerns over US fiscal policy, Federal Reserve actions, and renewed trade tensions. This diversification has weakened the US dollar and pressured US asset valuations. In particular, Taiwanese investors holding US bond ETFs have experienced severe losses, averaging 11-12% in May 2025, driven by a sharp appreciation of the New Taiwan dollar (TWD) and declining US bond prices. Long-term US Treasury ETFs suffered the most, with the largest Taiwan-based fund dropping 13% since April and losing nearly a third of its value since 2017. Taiwan’s ETF market is highly concentrated, with bond ETFs making up a large portion. The "Baodao Bond ETF" structure facilitates substantial USD exposure, allowing investors to bypass some restrictions on foreign bonds. Analysts warn that this overconcentration in a single asset class, combined with FX and interest rate risks, has exacerbated losses as TWD strengthens and foreign central banks reduce US Treasury holdings. Signs of capital outflow from US fixed income assets by Taiwanese investors are increasing. Crypto traders should note that these macroeconomic shifts and heightened volatility in global bond and FX markets could impact risk appetite and cross-asset flows, potentially affecting liquidity and sentiment in crypto markets, especially during ongoing geopolitical tensions.

The altcoin market underwent a major correction, with TAO sharply dropping to $400 and Solana (SOL) falling below the $170 threshold, signaling heightened volatility and widespread losses across altcoin trading platforms. This downturn follows a period of renewed momentum, where Solana had been attracting significant trader interest and TAO was poised for major gains. The sudden sell-off has generated increased risk aversion and liquidity concerns among traders. In contrast to the overall bearish market sentiment, blockchain technology firm Unilabs continued its notable growth, highlighting diverging trends among crypto projects. For traders, this evolving situation means an urgent need to monitor market sentiment, risk exposure, and project fundamentals to navigate increased price swings and potential liquidation risks. The crash marks a significant shift from prior bullish momentum to a period of caution and bearish sentiment, especially for altcoins.

Telegram CEO Pavel Durov has revealed that a Western European government, likely France, requested Telegram to censor right-wing political channels ahead of the Romanian presidential election, a request the company refused. Durov accused the government of interfering with Romania’s election, reaffirming Telegram’s commitment to free speech and neutrality. This strong stance on privacy influenced Toncoin (TON), Telegram’s native token, causing its price to surge nearly 5% from $3.04 to $3.19, as market confidence in Telegram’s platform with one billion users grew. Despite this, TON remains below its June 2024 high of $8.17. The incident also increased attention on privacy-focused crypto projects, boosting interest in Solaxy (SOLX)—a Solana Layer 2 project—and Best Wallet Token (BEST), a no-KYC crypto wallet, both in their presale phases. The news signals bullish sentiment for privacy and freedom-aligned cryptocurrencies, but traders are reminded that crypto markets remain volatile and should conduct due diligence.

In May, the US Federal Reserve undertook its largest Treasury market intervention since 2021 by covertly purchasing $43.6 billion in US Treasuries, departing from its stated quantitative tightening policy. This move came after the Treasury Department was unable to sell the full $150 billion in planned government bonds, resulting in a $72 billion shortfall. Market analysts interpret the Fed’s actions as a form of hidden quantitative easing aimed at stabilizing market liquidity and preventing increased volatility. At the same time, Moody’s downgraded the US credit rating to AA1, meaning the US has lost the highest AAA rating across all major agencies. This downgrade could drive Treasury yields higher and raise government borrowing costs. Crypto traders are closely monitoring these developments, as monetary expansion and a weakening dollar tend to boost appeal for risk assets like Bitcoin, Ethereum, XRP, and Solana. The short-term crypto market outlook appears bullish due to potential liquidity inflows and declining confidence in traditional financial assets. However, significant uncertainty remains regarding the long-term impact, as further moves by the Fed and ongoing fiscal and regulatory changes will shape broader market risk and volatility. Traders are advised to stay vigilant, especially around future US monetary policy announcements.

James Howells, a British IT engineer, lost a hard drive containing 8,000 Bitcoin (BTC) in 2013, now worth approximately $820 million, after accidentally discarding it during a home clean-up. Over the past decade, as Bitcoin’s price surged, Howells has made repeated and innovative attempts to recover the drive from a Newport, Wales landfill, offering financial incentives and proposing advanced technological solutions, including AI-powered robotic excavation. However, the Newport City Council continues to deny permission on environmental and legal grounds. This high-profile case has become a cautionary tale within the cryptocurrency community, underscoring the dangers of storing large amounts of digital assets on physical hardware without secure backups. The incident fuels ongoing debates around cryptocurrency asset security, storage best practices, legal frameworks, and investor protection. For crypto traders, the Howells story highlights the paramount importance of cold storage, secure private key management, and robust backup strategies to mitigate the risk of irreversible digital asset loss. It also reflects the significant influence such incidents can have on public perception of Bitcoin and the broader digital currency market.

Blockchain analytics firm Elliptic has revealed that ’Xinbi Guarantee’, a Telegram-based black market and underground banking platform, has processed over $8.4 billion in USDT crypto transactions since 2022. The platform, ostensibly registered in Colorado but primarily serving Southeast Asian fraud syndicates, supports a wide array of criminal services, including money laundering, fake identification, stolen databases, Starlink devices, illicit surveillance, and even activities tied to forced labor and underage exploitation. Notably, Xinbi Guarantee has laundered funds from schemes such as ’pig-butchering’ romance scams and assets stolen by North Korean hacking groups, including those from the $235 million WazirX hack in July 2023. The market’s transaction volume exceeded $1 billion in Q4 2024, with its user base doubling in a year. Similar platforms like ’HuiOne Guarantee’ together form an extensive digital underground financial system centered around Tether (USDT) and stablecoins. Law enforcement has attempted to disrupt these networks, but their scale and sophistication continue to grow. Elliptic has identified over 30 such markets and urges exchanges and stablecoin issuers to remain vigilant, as the rise of crypto-fueled money laundering poses ongoing and increasing risks to the global crypto trading ecosystem.

The Ethereum Foundation has launched its Trillion Dollar Security Initiative, a major effort to enhance the security of the Ethereum ecosystem amid persistent concerns over vulnerabilities in wallets, smart contracts, and core network protocols. Announced on May 14, this initiative mobilizes resources for thorough audits, implementation of key security fixes, and transparent communication with the crypto community, including users, developers, and regulators. Led by Fredrik Svantes and Josh Stark, with support from top security experts Samczsun, Mehdi Zerouali, and Zach Obront, the initiative seeks to prevent sophisticated cyber threats that have previously resulted in significant financial losses. This comes at a critical time, as Ethereum maintains its leadership in DeFi with a Total Value Locked (TVL) of around $80 billion—about half the industry’s TVL. Following the recent Pectra upgrade, ETH’s price has surged more than 40%, and derivatives volume hit $121 billion, highlighting strong market interest. By focusing on proactive security improvements and openness, the initiative aims to strengthen Ethereum’s position in decentralized finance, instill confidence among institutional investors, and support long-term market growth. Effective execution and transparency will be key determinants of its impact on both the ecosystem’s stability and market sentiment.

Coinbase has issued a warning to holders of XRP, Dogecoin (DOGE), and Cardano (ADA) regarding upcoming wrapped tokens cbADA, cbLTC, cbXRP, and cbDOGE, clarifying that these assets are not yet live or tradable. The exchange has urged users to remain vigilant against scams and to verify official contract addresses once available. Meanwhile, Dogecoin has recorded a sharp 990% weekly increase in active addresses, indicating renewed investor interest and robust network engagement. This uptick aligns with Coinbase’s plans to support wrapped Dogecoin (cbDOGE) on its Base network, expected to enhance DOGE’s cross-chain and DeFi utility. Additionally, open interest in DOGE futures has surged by 66% to $1.65 billion. Technical analysis highlights DOGE consolidating between strong support at $0.21 and resistance at $0.36, with considerable volume at these levels suggesting a potential market breakout. For Shiba Inu (SHIB), a significant resistance zone exists between $0.000017-$0.000019, with large holdings concentrated in this range. A breakout above could spark bullish momentum, while failure may prompt a pullback. These developments are critical for crypto traders monitoring potential volatility and opportunities in XRP, DOGE, ADA, and SHIB.

Recent commentary from Goldman Sachs leadership highlights that recent market volatility, including fluctuations in the US dollar, stocks, and bonds, is primarily driven by policy uncertainty—especially around tariffs and US-China trade relations. While previous statements from CEO David Solomon focused on the destabilizing effect of unclear tariff frameworks and their impact on investor sentiment and capital expenditure, recent updates from President John Waldron clarify that the selloff in US dollar holdings is a normalization, not a sign of panic or mass capital flight. Following initial declines caused by an escalation in tariffs, market sentiment has improved as US-China trade talks resumed, leading to a rebound in both the US dollar and US equity markets. Goldman Sachs notes that demand for both US and Chinese assets remains robust, with no significant outflows recorded. Cross-border financial activity is described as stable, and pending M&A transactions continue despite a slowdown in deal flow. For crypto traders, key takeaways are: 1) investor confidence in major markets persists despite headline shorts-term volatility; 2) risk of significant capital outflows from the US or China remains limited, suggesting only moderate spillover risk into crypto markets; and 3) unless there is a major policy surprise or further escalation, market disruptions are likely to be contained. "Goldman Sachs" remains a key search term here.

The cryptocurrency market has seen a significant uptick in interest toward new crypto presale projects, driven by several recent developments. The approval of spot Bitcoin and Ethereum ETFs, accompanied by large institutional purchases, has bolstered mainstream confidence and attracted retail traders aiming for early entry gains. This institutional momentum has been reinforced by a notable shift in the Crypto Fear and Greed Index, which recently climbed to a neutral reading of 50—signaling reduced fear and a stabilization in overall market sentiment. As a result, traders are increasingly exploring upcoming token launches and presale opportunities, seeking long-term investment plays amid ongoing market uncertainty. Analysts highlight that while ETFs support established cryptocurrencies such as Bitcoin and Ethereum, many investors are diversifying into emerging projects with compelling growth narratives, robust fundamentals, clear roadmaps, and strong tokenomics. New trends have emerged in the sector, including a heightened focus on token security and the practical utility of new tokens. While historical patterns indicate that presale tokens often benefit from post-launch hype, traders are advised to remain cautious due to potential volatility and risks related to project legitimacy. The article underscores the importance of due diligence and portfolio diversification, emphasizing that no single presale is guaranteed success. Overall, the combination of ETF-driven optimism and a neutralizing market sentiment is fueling increased speculative activity in crypto presales, presenting both opportunities and risks for traders.

Nasdaq-listed video platform Rumble has revealed it holds 210.82 bitcoin, a development confirmed both in its Q1 2024 financial report and by CEO Chris Pavlovski via the X platform. This move is part of a corporate treasury strategy initiated in November 2023, with the goal of hedging against inflation and preserving the company’s purchasing power. Rumble’s bitcoin allocation has slightly outpaced initial targets due to the cryptocurrency’s price appreciation. This action aligns Rumble with other tech firms adopting bitcoin as a reserve asset, highlighting a growing institutional trend. For crypto traders, Rumble’s commitment underscores continued confidence in bitcoin’s long-term value and signals sustained mainstream acceptance, factors that may support positive market sentiment and price stability.

The CEL (Celsius) token dropped over 13% to around $0.103 following renewed legal turmoil involving former Celsius CEO Alex Mashinsky. The decline came after Mashinsky’s legal team publicly criticized the U.S. Department of Justice’s (DOJ) call for a 20-year prison sentence, which they deemed excessively severe. Mashinsky pled guilty to manipulating the CEL price and fraudulently selling $48 million in tokens before the Celsius Network’s bankruptcy in 2022. This ongoing legal confrontation, and the uncertain outcome set for May 8, have heightened regulatory scrutiny of crypto platforms and raised concerns about corporate governance and transparency in the sector. Analysts caution that CEL could face further downside risk if it breaks below the $0.087 support, with trading volumes and technical indicators reflecting increased investor caution. CEL is now nearly 99% below its all-time high of $8.02. The continued volatility and regulatory pressure may further erode investor confidence and directly impact CEL price movements and trading activity.

AI-focused cryptocurrencies are gaining momentum as Bitcoin targets a $100,000 milestone and market optimism grows. NEAR Protocol, often called the ’Bitcoin of AI tokens,’ is attracting traders with its strong bullish trend, underpinned by solid fundamentals. These include a $20 million AI innovation fund, enhanced interoperability via chain abstraction with major blockchains like Solana, TON, Aptos, and Stellar, and institutional validation from Deutsche Telekom. Analysts project significant price growth, with NEAR possibly surging from $2.35 to $13. Meanwhile, meme coin PepeX is drawing attention as the first AI-powered tokenization launchpad, emphasizing transparency and community distribution with 95% of tokens allocated to the public. Its presale has raised nearly $2 million, signaling robust demand. PepeX leverages artificial intelligence for streamlined token creation and marketing, making blockchain accessible even for non-technical users. Macro factors such as potential US Federal Reserve rate cuts and supportive US crypto policies add tailwinds, potentially boosting both BTC and AI-driven tokens. Overall, the outlook for NEAR and PepeX is increasingly bullish, bolstered by strong project fundamentals, deepening AI integration, and positive sentiment across the crypto market.

Bitcoin is increasingly recognized as both a hedge against inflation and a potential global monetary anchor, according to recent analysis and industry commentary. Investor Preston Pysh highlights Bitcoin’s decentralized nature and limited supply as core qualities addressing the lack of a trusted global currency peg, a flaw in the current fiat system that leads to monetary debasement and volatility. Traditional fiat currencies, facing persistent inflation and currency devaluation, have driven investors and institutions to turn to Bitcoin and other digital assets for portfolio diversification and protection against macroeconomic risks. Experts note that governments have failed to reach consensus on a reliable global standard—institutions like the IMF’s Special Drawing Rights still depend on fragile sovereign trust—making Bitcoin’s trustless and verifiable ecosystem appealing. As institutional and retail inflows into Bitcoin continue to hit record highs, its role as a store of value is emphasized, with potential for greater adoption as a medium of exchange. Currently trading near $95,956, Bitcoin’s growing acceptance may increase volatility, draw in mainstream capital, and further its integration within global financial markets, presenting both opportunities and risks for crypto traders closely monitoring monetary policy and market stability.

The Bybit cryptocurrency exchange suffered one of the industry’s largest financial losses due to a hack that exploited operational and social engineering vulnerabilities, rather than smart contract or key mismanagement issues. Attackers gained unauthorized access via a Safe developer’s machine, infiltrated Bybit’s AWS environment, and distributed malicious JavaScript, deceiving users into signing fraudulent transactions that drained assets. Despite robust multisig (multi-signature) security setups, human and procedural weaknesses were exposed. This incident underscores the need for enterprise-grade crypto custody solutions, incorporating multi-layered verification—such as triple-checks and secure mobile transaction approvals—to reduce attack risks. Experts also recommend using proof-of-reserves tools to improve transparency and demonstrate real asset control. Additionally, Bitcoin’s simpler protocol and native multisig functions are highlighted as offering more resistance to such operational risks versus more complex smart contract platforms. The news serves as a warning that as institutional adoption grows, both technology and communication transparency must be strengthened to minimize risks for traders and institutions alike.

Dogecoin (DOGE) and Ethereum (ETH) have both entered periods of consolidation after recent rallies, with traders closely monitoring their price actions around key resistance and support levels. DOGE is trading within the $0.1609–$0.1918 range, needing to break above $0.1900 for another potential move toward its 7-week high at $0.2062. ETH remains stable above $1,700, supported by the mid-Bollinger band at $1,619, but faces resistance at $1,834; a drop in trading volume signals weakening demand. Amid this environment, DeFi platform CartelFi has emerged by enabling users to earn significant yields on meme tokens—up to 10,000% APY through single staking—while maintaining full price exposure. The project’s buy-and-burn fee model is designed to create token scarcity. CartelFi’s presale has rapidly raised $1.1 million, with token prices rising 5% at each stage, indicating robust investor interest. Market sentiment suggests CartelFi could attract new capital into meme coin and DeFi sectors, offering traders opportunities for passive income from volatile assets without limiting upside potential. Overall, while DOGE and ETH remain in focus for traditional price action trading, CartelFi’s model and presale performance highlight the DeFi sector’s growing appetite for innovative, yield-generating meme token solutions.

Arthur Hayes discusses how Trump’s tariff policies could destabilize the bond market, potentially benefiting Bitcoin. The volatility induced by tariffs might trigger the Treasury to launch a bond buyback program, increasing dollar liquidity, which is favorable for Bitcoin. Hayes draws parallels to past scenarios where similar conditions led to Bitcoin rallies, notably invoking the market turmoil of 2022. Increased bond market volatility and potential repo market interactions, due to US Treasury maneuvers, could stabilize financial markets and enhance Bitcoin’s position as a defensive asset akin to gold amidst traditional market volatility. The anticipation of further policy shifts, increased bond issuance, and buybacks could lead to temporary relief and further Bitcoin price elevation. Hayes suggests that Bitcoin might serve as a refuge in financial instability.

Ethereum is currently indicating signs of potential recovery, generating renewed interest among traders. This potential rebound is expected to have positive ripple effects across the broader crypto market. At the same time, Yeti Ouro, a relatively lesser-known crypto project, is gaining traction with its notable presale activity and stage 4 price development. This situation is leading to increased market engagement and could present lucrative trading opportunities. The convergence of these developments could stimulate further trading activity and enhance market participation, offering strategic entry points for traders looking to capitalize on emerging market trends.

Under Jerome Powell’s leadership, the Federal Reserve is prepared to act should financial conditions deteriorate, despite no current liquidity issues. This readiness could impact global markets and cryptocurrencies, particularly Bitcoin. The SEC has approved options trading for several Ethereum ETFs, with funds from heavyweights like BlackRock, Bitwise, Fidelity, and Grayscale, thereby increasing institutional interest in Ethereum. Meanwhile, Canadian regulators have approved Solana staking ETFs, promising yields of 6-8%, which signifies a positive development for the Solana community. In the Bitcoin mining sector, Bitdeer is boosting its self-mining capabilities to mitigate risks associated with global supply chain disruptions. These events highlight a dynamic regulatory and market environment that crypto traders must vigilantly navigate.

Recent events have seen significant price drops in several altcoins, amidst ongoing volatility in the cryptocurrency market. Major cryptocurrencies like LUCE experienced a dramatic decline, losing 70% of its value in seconds, while related memecoins such as MANEKI, JELLYJELLY, and AIDOGE also faced sudden downturns. Speculation suggests these were results of significant whale liquidations, although exact causes remain undetermined. By drawing comparisons to a previous massive market correction surrounding Mantra (OM), the current situation highlights the inherent risks within low-liquidity tokens on exchanges like Bybit, MEXC, and Kucoin. Investors are urged to stay informed and cautious, as further updates on these developments could impact trading strategies and market dynamics.

The cryptocurrency market is experiencing mixed dynamics with distinct trends among meme coins. While legacy meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are facing substantial declines due to reduced market caps and burn rates, a newer entrant, MANEKI, is showing substantial growth. DOGE and SHIB have seen their market values drop by 66% from their peak with significant sell-offs, prompting traders to shift focus towards more stable and established coins like Bitcoin, which has seen an increase in dominance alongside market uncertainties. In contrast, MANEKI, introduced in April 2024, has skyrocketed by 333%, with technical indicators suggesting potential new highs. MAGIC INTERNET MONEY (MIM) has seen a surge, although it remains volatile. Investors are advised to watch technical levels and shifts in market sentiment as these dynamics unfold.

Binance, the largest cryptocurrency exchange, conducted a ’Vote to Delist’ initiative, allowing users to vote on altcoins that might be removed. From April 10 to April 16, FTT, the token associated with the defunct FTX exchange, received 11.1% of the votes, becoming the most voted token for potential delisting. Zcash (ZEC) and JasmyCoin (JASMY) also received significant votes, reflecting broader market skepticism about certain altcoins. Binance clarified that while user votes are influential, delisting decisions will include internal evaluations and compliance checks. Historically, delistings can lead to immediate price drops, which traders should consider for risk management. This new approach highlights a shift from centralized decision-making, enhancing transparency and user involvement. The decision process and its potential impact on prices are crucial for traders and investors navigating market volatility.

The evolving crypto landscape highlights Hyperliquid’s growing appeal among traders, even as its native HYPE token experiences slight declines. Despite technical resistance possibly hindering price momentum, Solana (SOL) remains under keen observation, with potential breakthroughs likely to drive substantial future gains. Lightchain AI, leveraging a groundbreaking blend of blockchain and artificial intelligence, has amassed over $18.4 million through presale, eyeing significant growth as AI integration rises. These projects could markedly alter crypto market trends, promoting innovations and strategic expansions that promise traders new avenues for profitability.

Antpool, one of the largest Bitcoin mining pools, recently moved 2,009 Bitcoins, valued at approximately $168 million, to unknown wallet addresses. These transactions sparked speculation about a potential miner sell-off, which could put downward pressure on Bitcoin’s price. In a more recent development, Whale Alert reported that 1,050 Bitcoins, valued at approximately $87.9 million, were transferred to Antpool from an unknown wallet. This inflow could indicate strategic shifts in Bitcoin holdings or preparations for large-scale mining activities. Traders are closely monitoring these movements to evaluate potential changes in Bitcoin mining power distribution and their effects on market dynamics.

The United States Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have taken significant steps affecting the crypto industry. The SEC clarified that certain fiat-backed stablecoins, termed ’Covered Stablecoins,’ are non-securities if redeemable 1:1 with the US dollar, exempting related entities from some reporting obligations. This move excludes algorithmic stablecoins and yield-bearing tokens and aligns with the launch of USD1 by World Liberty Financial amidst rising stablecoin demand. Meanwhile, the DOJ’s new focus on prosecuting illicit activities rather than imposing broad regulations indicates potential future regulatory easing, which may allow for increased innovation within the blockchain industry. Overall, these developments provide a clearer regulatory framework, potentially aiding market stability and attracting more investment towards regulated fiat-backed stablecoins.