Today in crypto news, a report from the Bank for International Settlements (BIS) cautioned that increasing cryptocurrency adoption may intensify wealth inequality and threaten financial stability. The BIS noted that the crypto market's growth indicates a need for regulatory intervention, particularly regarding stablecoins, which have become critical for value transfer within the crypto ecosystem. The report calls for regulations ensuring stablecoin redemption during market stress. In other updates, macroeconomist Lyn Alden revised her Bitcoin price expectations down, citing the impact of tariffs introduced by former President Trump. She believes Bitcoin could rise by year-end, contingent on a significant liquidity boost. Additionally, US prosecutors are pressing on with their case against former SafeMoon CEO Braden John Karony despite the Justice Department’s memo suggesting a less aggressive regulatory approach towards digital assets, as he faces multiple fraud charges.

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