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  • Bitcoin's price remains under pressure due to the selling of covered calls, which has dampened potential rallies despite supportive ETF investor interest.
  • The U.S. Securities and Exchange Commission (SEC) has issued a guide on crypto custody, focusing on best practices and common risks, indicating a push for clearer regulatory frameworks.
  • Solana has launched two ETFs, achieving significant first-day trading volumes, but struggles persist as total value locked (TVL) decreases and demand for memecoins wanes.
  • Major firms like Ripple, Circle, and Paxos have secured approvals to operate as national trust banks, reflecting growing institutional acceptance of cryptocurrencies in financial services.
  • Amid broader market uncertainty, including potential rate hikes from the Bank of Japan, Bitcoin and other major cryptocurrencies face volatility, with renewed discussions around institutional investment strategies and risk management.

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