$BTC has dropped below $90,000 amid weekend volatility and over $500 million in liquidations, with Strategy's CEO vowing no sales until 2065 despite the decline. Broader markets saw sharp sell-offs, including Polkadot plunging 11% below $2.05 and $FIL down over 10%, driven by hawkish Bank of Japan comments and thinning liquidity.
Key Regulatory Updates
European authorities seized a $1.51 billion Bitcoin-mixing service used by ransomware groups, while the U.S. lifted sanctions on Tornado Cash. Japan plans to cut crypto tax to a 20% uniform rate, and Ripple gained Singapore approval for expanded XRP services after the SEC ended its appeal.
Corporate and Market Moves
Strategy bolstered its Bitcoin holdings to 650,000 BTC and established a $1.44 billion cash reserve, rejecting solvency fears. Tom Lee's BitMine acquired 97,000 ETH eyeing upgrades, and Gleec bought Komodo’s DeFi stack for $23.5 million. Trump Media partnered with Crypto.com for ETFs under Truth.Fi.
