Category: crypto

President Trump aims to make America the leader in crypto, but Bitcoin has dropped 25% in a month due to institutional outflows and excessive leverage. The crypto market has lost $1.1 trillion in capitalization over six weeks, with Bitcoin struggling while gold outperforms. Despite the downturn, analysts believe the market is close to bottoming out.

Bitcoin’s price drop led to the Crypto Fear & Greed Index hitting 2022 lows, with liquidations increasing. Short-term holders were the main sellers, causing the market mood to weaken. ETFs saw outflows for the third week. Bitcoin tested key support levels, with analysts expecting a recovery if it holds above $94,000.

Dutch central bank governor Olaf Sleijpen warns that stablecoins could disrupt financial stability and inflation control in Europe, potentially forcing the ECB to reconsider its monetary policy. The rapid growth of stablecoins in the US, backed by U.S. Treasuries, poses a risk to market disruptions and calls for using financial stability tools as a defense.…

Galaxy Digital survey shows that most institutional investors in the Bitcoin sector are unaware of the ongoing Bitcoin Core-Knots debate. 46% of investors had no knowledge, 36% were indifferent, and only 18% supported Bitcoin Core. The debate revolves around excluding non-financial transactions from the blockchain, with minimal concern from major mining operations.

Unregistered crypto-cash services in Canada allow large transactions without identity checks, facilitating money laundering. Investigations reveal weak oversight in both local shops and offshore platforms, enabling cash-for-crypto deals outside compliance rules. This poses a threat to Canada’s digital finance sector, with gaps in oversight allowing criminal activity.

An investigation in Canada revealed unregistered crypto firms facilitating money laundering through large cash-for-crypto transactions without identity verification. International platforms offer untraceable cash exchanges up to $1 million. Experts warn of regulatory challenges in the country’s digital finance sector, with enforcement gaps and limited oversight enabling criminal activity.

Digital asset investment products experienced $2 billion in outflows last week, totaling $3.2 billion over three weeks, with the U.S. leading the losses. Bitcoin and Ethereum saw the largest withdrawals, while multi-asset funds attracted inflows. Analysts attribute the decline to weak market momentum, declining ETF interest, and monetary policy uncertainty.

Tom Lee believes Ethereum is following a similar path to Bitcoin with potential for significant gains but warns of volatility. Critics question Ether’s unique utility and suitability for global finance. Ethereum’s future growth depends on on-chain activity and institutional adoption. Whether ETH can replicate Bitcoin’s success remains uncertain.

207 billion SHIB tokens were withdrawn from exchanges in a 24-hour period, the largest outflow in months. Despite this, SHIB’s price remained stable due to weak market momentum and technical resistance. Investors are holding onto their tokens as they wait for new project announcements from Shiba Inu.

Japanese regulators are planning to classify cryptocurrencies as financial products under the Financial Instruments and Exchange Act and introduce a tax overhaul for the sector. This move would bring cryptocurrencies under investor protection rules, fairer taxation, and stricter market conduct standards. The proposal aims to implement a flat 20% capital gains tax rate for cryptocurrencies…