In a recent update, Bitcoin has dipped below its 200-day moving average, indicating a bearish trend, with correlations to stock markets nearing zero. Bitcoin miners remain active sellers amidst rising operational costs. Additionally, there are discussions on the possibility of the U.S. government purchasing Bitcoin using tariff revenues, while a bill in Oklahoma concerning Bitcoin reserves recently failed to pass. On the corporate side, Semler Scientific plans to raise $500 million to invest in Bitcoin, and the cryptocurrency ecosystem sees potential developments with XRP ETFs likely being the next products approved by the SEC. Furthermore, Tether and Ethena are set to collaborate on a new ecosystem, and OKX has launched a centralized exchange and wallet service in the U.S. Meanwhile, BNB Chain has completed its 31st quarterly token burn, signaling ongoing activity in the blockchain space.

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