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Crypto

AI Summary

  • Bitcoin's price is a rollercoaster right now, frequently dipping below $90k, and those shiny new spot ETFs are actually seeing some pretty heavy outflows. There's serious debate about whether we're heading into a bear market or if a "supercycle" is still on the horizon, especially with gold and silver stealing the show.
  • Regulators are tightening their grip, especially in the US, where proposals like the CLARITY Act are sparking fears of capital fleeing offshore, and Democrats are pushing for ethics amendments on crypto bills. Over in Europe, firms like Binance are scrambling to secure MiCA licenses as compliance deadlines loom.
  • While giants like UBS are slowly opening crypto trading to their high-net-worth clients, and Grayscale's throwing another ETF application into the ring (this time for BNB!), the public market hasn't been as welcoming, with BitGo's IPO already seeing shares drop below their initial price.
  • Ethereum's seriously prepping for the quantum era with dedicated security teams and funding, and Coinbase is also jumping in to assess quantum risks for Bitcoin. It's clear that securing the future of blockchain tech is a major priority.
  • Beyond the big market plays, we're seeing GameStop make headlines for potentially offloading its entire Bitcoin stack at a loss, stablecoins dominating massive transaction volumes (even if mostly internal), and the legal system is busy with everything from Gemini's SEC case dismissal to high-profile crypto crime arrests.

Cointelegraph


CoinDesk


Decrypt


AMBCrypto


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