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Crypto

AI Summary

  • Bitcoin's price is hitting a rough patch, dipping below $90K and signaling an 'early bear phase' with record outflows from spot Bitcoin ETFs, dampening hopes for a quick run to $100K.
  • TradFi is still leaning into crypto, with Grayscale and Morgan Stanley actively filing for new ETFs, UBS looking to offer crypto trading to high-net-worth clients, and Capital One acquiring a stablecoin fintech for billions.
  • Security and regulatory hurdles are front and center, highlighted by a major data breach at a French crypto tax platform and South Korea losing millions in seized Bitcoin to phishing, while exchanges like Binance race to secure MiCA licenses in Europe.
  • The broader crypto ecosystem is evolving with new tech and narratives, as Vitalik Buterin pushes for 'self-sovereign computing,' AI agents are predicted to heavily adopt stablecoins, and projects like Farcaster pivot to a developer-focused direction.
  • Regulatory clarity is a hot topic in the US, with lawmakers gearing up for major legislation, the banking lobby prioritizing the halt of stablecoin yields, and the SEC and CFTC working to harmonize their crypto oversight.

Cointelegraph


CoinDesk


Decrypt


AMBCrypto


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