Bitcoin is projected to reach $110,000 before retesting the $76,500 range, bolstered by easing inflation and favorable monetary conditions, according to Arthur Hayes, co-founder of BitMEX. Following a bullish trend, Bitcoin recently closed above $86,000. Hayes argues that a transition from quantitative tightening (QT) to quantitative easing (QE) by the Federal Reserve is key to this potential rise. Meanwhile, a whale on Hyperliquid capitalized on the JELLY memecoin, generating over $6 million by manipulating liquidation parameters, and reportedly still holds around $2 million of the token. Additionally, Fidelity Investments is reportedly preparing to launch a US dollar-pegged stablecoin amid a shifting regulatory climate. In other news, Polymarket faces scrutiny after allegations of governance manipulation around a high-stakes bet regarding US political events. DWF Labs announced a $250 million fund to support the adoption of medium to large-cap blockchain projects. Overall, the crypto market has shown promising movements across several fronts, attracting attention from both retail and institutional investors.

Source 🔗