Key takeaways: Bitcoin’s entity-adjusted dormancy flow dropped below 250,000, a historical buy zone. The short-term holder NUPL turned negative, indicating seller exhaustion. Bitcoin’s V-shaped and double-bottom chart patterns suggest a potential rise to $118,000-$124,500 in the short term. Bitcoin (BTC) price traded 5% above its local low of $108,650, with three indicators suggesting that this…
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The Bitcoin community is split over Bitcoin Core developers’ decision to remove a limit on arbitrary data stored in transactions, a move that traces back to a debate first raised by Bitcoin creator Satoshi Nakamoto in 2010. Bitcoin Core v30’s expected release next month will remove the 80-byte cap on OP_RETURN, an opcode used for…
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Key points: Bitcoin faces three moving averages in the same place on the daily chart after its early-week gains. The monthly and quarterly close make reclaiming these all the more important, analysis suggests. Multiple catalysts for BTC price volatility are lining up this week. Bitcoin (BTC) is battling three “key” moving averages at once, and…
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The US Securities and Exchange Commission has temporarily halted trading of crypto treasury company QMMM Holdings due to potential stock manipulation, coming just a week after reports surfaced of a regulatory probe into certain crypto treasury firms. “The Commission temporarily suspended trading in the securities of QMMM because of potential manipulation,” the agency said in…
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An exchange-traded fund tracking the trading activity of American politicians, individuals and companies with close ties to the US president could launch later this week, according to an analyst. Bloomberg ETF analyst Eric Balchunas said that Tuttle Capital Government Grift ETF (GRFT) could launch as early as Friday, as the Securities and Exchange Commission on…
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Wisconsin lawmakers have introduced a bill on Monday that, if enacted, would exempt individuals and businesses in the state from requiring money transmitter licenses to participate in mining, staking and exchanging digital assets. According to a document from the Wisconsin Legislative Reference Bureau, the bill seeks to clearly define exemptions from requiring a license from…
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The US Securities and Exchange Commission has signalled that it won’t take enforcement action against tokens tied to blockchain-based Decentralized Physical Infrastructure Networks (DePIN). In a no-action letter on Monday, SEC Division of Corporation Finance chief counsel Michael Seaman said he “will not recommend enforcement action” to the SEC for the planned token launch of…
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Officials with the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) met for the first joint roundtable in about 14 years to discuss “regulatory harmonization efforts,” including those potentially impacting the cryptocurrency industry. In the Monday roundtable, acting CFTC Chair Caroline Pham, also the last remaining commissioner at the agency following…
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The Turkish government is reportedly preparing legislation that would grant its financial crime watchdog, Masak, the authority to freeze cryptocurrency accounts as part of a wider effort to combat money laundering and financial crime — a move that potentially highlights regulators’ ongoing concerns over crypto-related illicit activity. According to a report by Bloomberg, citing people…
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Adrienne Harris will step down as superintendent of the New York Department of Financial Services (NYDFS), the department announced on Monday. Harris’ departure comes after four years leading the NYDFS, the state agency that regulates Wall Street banks, global insurers and crypto firms based in New York. Harris will be replaced by Kaitlin Asrow, who…
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