Summary
gm, Bitcoin approached its all-time high, trading around $103,924, while Ethereum surged past $2,600, demonstrating strong bullish momentum. Notably, Lido DAO initiated an emergency vote to replace a compromised oracle, highlighting ongoing security challenges in the DeFi space. Meanwhile, Bitcoin SV investors are attempting to revive a lawsuit against Binance over the 2019 delisting, seeking $13 billion in damages. Additionally, El Salvador continued to accumulate Bitcoin despite its agreement with the IMF, adding 7 BTC to its national reserve and reaffirming its commitment to cryptocurrency adoption.

News Headlines
🏦 8 Major Crypto Firms Announce U.S. Expansion in 2025

  • Companies like Circle, Binance, and OKX are optimistic about favorable regulatory conditions with proposed legislation like the STABLE Act and GENIUS Act.
  • These expansions reflect a trend of crypto firms merging traditional finance with digital assets under the new administration.

🔒 Dark Stablecoins Could Emerge as Regulations Tighten

  • As governments increase cryptocurrency oversight, there's growing anticipation for censorship-resistant "dark stablecoins."
  • These stablecoins might be decentralized and maintain value through algorithmic means rather than being pegged to traditional assets.

🚨 Ledger Discord Hacked, Attempted Seed Phrase Theft

  • An attacker compromised a moderator's account on Ledger's Discord server, posting phishing links to trick users into revealing their seed phrases.
  • Ledger has since secured the server and reaffirmed their commitment to strengthening security on the platform.

💰 Tokyo's Beat Holdings Expands Bitcoin ETF Investment

  • Beat Holdings has increased its Bitcoin investment cap from $6.8 million to $34 million, following a surge in institutional interest.
  • This move illustrates the increasing adoption of cryptocurrencies by established firms and underscores a growing trend in the Japanese market.

💹 Ethereum Surges Past $2,600, Analysts Eye $10K Target

  • Ethereum has rebounded from significant support levels, mirroring historical setups seen before past major price increases in 2016 and 2020.
  • Analysts suggest a $10,000 price target is technically valid if Ethereum breaks above its current consolidation triangle.

Market Metrics

Fundraising & VC
No fundraising data today.

Regulatory
🏛️ Multiple US States Reject Bitcoin Reserve Bills

  • Several states, including Arizona, Florida, and Oklahoma, have rejected or abandoned bills aimed at integrating Bitcoin into public finance.
  • Concerns about risks and lack of support have led to the failure of these proposals in multiple states.

🏝️ Northern Mariana Islands Revives Stablecoin Bill

  • The Northern Mariana Islands Senate voted to override the governor's veto of a stablecoin bill.
  • If passed, Tinian could become the first US public entity to issue a stablecoin, competing with Wyoming.

🦾 First American Pope Addresses AI Challenges

  • Pope Leo XIV, the first American pope, identifies AI as a major challenge to human dignity, labor, and justice.
  • The Catholic Church commits to addressing ethical implications of AI, comparing it to challenges posed by the Industrial Revolution.

⚖️ Bitcoin SV Investors Attempt to Revive Binance Lawsuit

  • Bitcoin SV investors are appealing to reinstate their claim against Binance over the 2019 delisting of BSV.
  • They argue the delisting prevented BSV from achieving potential growth, estimating losses exceeding $13 billion.

🏦 Wall Street's Crypto Adoption Hindered by Privacy Concerns

  • Institutional players on Wall Street are resistant to adopting cryptocurrencies due to privacy issues with public blockchain transactions.
  • Zero-knowledge proofs (ZKPs) are emerging as a potential solution, allowing transaction verification without revealing underlying data.

Technical Analysis
Bitcoin - Investors have paid higher prices over time to buy Bitcoin and the currency is in a rising trend channel in the short term. Rising trends indicate that the currency experiences positive development and that buy interest among investors is increasing. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the currency has support at approximately 93000 points. Positive volume balance, with high volume on days of rising prices and low volume on days of falling prices, strengthens the currency in the short term. The short term momentum of the currency is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for Bitcoin. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The currency is overall assessed as technically positive for the short term.

Ethereum - Ethereum has broken the rising trend up in the short term. This signals an even stronger rate of growth, but the positive development may result in corrections down in the short term. The currency has support at points 2060 and resistance at points 2770. Positive volume balance, with high volume on days of rising prices and low volume on days of falling prices, strengthens the currency in the short term. RSI above 70 shows that the currency has strong positive momentum in the short term. Investors have steadily paid more to buy the currency, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The currency is overall assessed as technically positive for the short term.