Market Overview
Bitcoin (BTC) is trading around $115,380, down roughly 2% from its recent highs. Analysts are observing a pullback from the record high near $124K set earlier this week.
Ethereum (ETH) has slipped to approximately $4,276, declining over 4%, continuing a sector-wide correction.
As a result, the total crypto market capitalization has dipped below $4 trillion, landing around $3.9 trillion.
Key Highlights
Global Highlights:
Thailand is moving ahead with a crypto payment sandbox tailored for tourists, signaling growing mainstream adoption.
Solana (SOL) achieved a technical milestone, surpassing 100,000 transactions per second (TPS) in a stress test, although real-world throughput remains lower.
The Qubic network, known for orchestrating a 51% attack on Monero (XMR), now has its community voting to target Dogecoin (DOGE) next.
Institutional & Regulatory Developments:
Amdax, a Dutch crypto service provider, announced plans to launch a Bitcoin Treasury company (AMBTS) on Euronext Amsterdam, aiming to acquire at least 1% of the total bitcoin supply.
The U.S. Federal Reserve will discontinue its dedicated “novel activities” program that monitored banks’ crypto engagement; oversight will now be integrated into broader supervisory frameworks.
Do Kwon, founder of Terraform Labs, pled guilty to fraud charges in a U.S. court related to the $40 billion collapse of TerraUSD and Luna. He faces up to 12 years in prison and will forfeit over $19 million.
BlackRock has surpassed $100 billion in crypto holdings, predominantly in Bitcoin, reflecting robust institutional interest.
Michael Saylor’s Strategy continues to expand its Bitcoin holdings—recently adding 155 BTC (~$18 million), bringing its total to ~629K BTC, valued at over $74 billion. #PowellWatch
