#BitcoinBounceBack

Market Movements

Bitcoin (BTC): After a recent decline, Bitcoin has shown signs of recovery, with prices stabilizing around $84,000. Analysts note that a weekly close above $81,000 is crucial to avoid potential further corrections.

cointelegraph.com

Altcoins: Solana (SOL) and Sui (SUI) have gained momentum, contributing to a broader market rebound.

cryptopotato.com

Regulatory Developments

GENIUS Act: The U.S. Senate Banking Committee has advanced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, aiming to establish proper regulations for stablecoin payments. While proponents believe it balances innovation with consumer protection, critics express concerns over potential Big Tech dominance in the financial sector.

marketwatch.com

Corporate Actions

David Sacks' Asset Liquidation: Venture capitalist David Sacks has liquidated $200 million worth of crypto assets to comply with government ethics rules, addressing concerns about potential conflicts of interest given his advisory role to President Trump on cryptocurrency and AI policy.

axios.com

International Expansion

Coinbase in India: Coinbase, the largest U.S. cryptocurrency exchange, is re-entering the Indian market after receiving regulatory approval to register with India's Financial Intelligence Unit. This move reflects a shift in India's previously hostile stance on digital currencies, influenced partly by President Trump's support for cryptocurrencies.

ft.com

Security Concerns

Crypto Scams: Martin Lewis, a British personal finance expert, has condemned the fraudulent use of his and Elon Musk's identities in online crypto scams. These scams have cost UK victims millions each week, with fake crypto investments leading the list of con schemes.