Today in crypto, the Bank for International Settlements (BIS) released a report indicating that the increasing adoption of cryptocurrencies and stablecoins may worsen wealth inequality and financial stability. The BIS emphasized the need for specific regulations targeting stablecoins to ensure their redemption during market stress. In related news, macroeconomist Lyn Alden adjusted her price forecast for Bitcoin to potentially rise above its current $85,000 value, though she noted that recent tariff announcements impacted her previous higher target. She mentioned that a significant liquidity influx could propel Bitcoin towards more optimistic price levels, reminiscent of conditions before the tariffs. Additionally, despite a memo from the US Justice Department suggesting a move away from aggressive regulatory enforcement, federal prosecutors are pursuing a case against Braden John Karony, the former CEO of SafeMoon, for several financial misconduct charges. This highlights ongoing regulatory scrutiny in the cryptocurrency space.

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