Minimalist News

Simply the latest news, updated on the hour.

Crypto

AI Summary

  • Bitcoin is currently undergoing a significant market downturn, with prices falling below key psychological thresholds, leading to substantial losses for corporate holders and increased outflows from spot ETFs, pushing overall market sentiment into "extreme fear."
  • Regulatory discussions are intensifying, particularly in the EU where tokenization companies warn that current DLT Pilot Regime limitations risk shifting onchain markets to the US, while in the US, prediction markets face ongoing scrutiny and policy debate from federal and state authorities.
  • Major crypto exchanges, exemplified by Gemini, are strategically realigning their operations, exiting several international markets and reducing workforce to consolidate focus on core regions and specific product offerings, such as prediction markets.
  • Despite the broader market slump, institutional interest in tokenized real-world assets (RWAs) and the development of supporting financial infrastructure continues to advance, with new partnerships and investments aimed at improving liquidity and access for traditional finance players.
  • Altcoins, including Ethereum and XRP, are also experiencing significant price dips and volatility, challenging holder conviction, even as development continues with new layer-2 solutions and integrations expanding institutional access to decentralized finance.

Cointelegraph


CoinDesk


Decrypt


AMBCrypto


Looking for more? Search Google News