📉 Market & Price Action

Bitcoin & major altcoins are under pressure with BTC trading around key support levels near ~$89K–$90K amid year-end profit taking and cautious sentiment. ETH, SOL, ADA are also sliding as traders weigh macro signals.

XRP remains volatile around the $2 level, but institutional ETF inflows are continuing, signaling underlying buying interest despite short-term price dips.

🏦 Regulation & Policy

The UK government is moving forward with comprehensive cryptocurrency regulation, set to start in October 2027, aiming for clearer rules on trading, custody, and consumer protection.

UK officials say the new framework could help the country compete globally as a crypto hub and attract investment, though details are still being shaped.

⚠️ Scams & Enforcement

A major crypto Ponzi scheme in northern India has reportedly defrauded investors of around ₹2,300 crore (~$280 M), with assets being frozen and investigations ongoing — a reminder to do due diligence.

‘Bitcoin Rodney’ (Rodney Burton) is facing decades in prison after U.S. authorities added wire-fraud charges tied to the HyperFund crypto scam.

🌍 Industry & Adoption

Abu Dhabi is emerging as a major crypto hub, with industry leaders (like Michael Saylor and CZ) seeking investment and partnerships with UAE sovereign funds during market downturns.

📊 Market Sentiment Snapshot

Some digital asset treasuries and companies tied to crypto assets have dropped sharply as broader risk appetite weakens — highlighting a “Darwinian phase” in the crypto winter where weaker projects struggle. #BTC