In today's crypto news, a report from the Bank for International Settlements (BIS) has raised concerns that the increasing adoption of cryptocurrencies and stablecoins could destabilize financial systems and exacerbate wealth inequality. The BIS emphasized that investor protection has become crucial as the crypto market grows. They recommended targeted regulations for stablecoins to ensure their stability, particularly during market stress. Meanwhile, macroeconomist Lyn Alden adjusted her Bitcoin price forecast to around $85,000 but noted that tariffs enacted by President Trump might have hindered higher targets. Alden speculated that a significant liquidity boost could propel Bitcoin to its optimistic potential if major shifts occur in the US bond market. Additionally, US federal prosecutors are advancing with their case against former SafeMoon CEO Braden John Karony, despite recent Justice Department guidance advocating for reduced prosecution approaches in the crypto space. Karony faces serious charges, including securities fraud and money laundering.

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