Avalanche's price surged over 6% due to reduced political tensions and growing adoption by institutional investors, establishing strong support around $19.40 and breaking through $20. With rising volume, it may continue to outperform in the volatile market.
The Liberal Democratic Party's Financial Investigation Committee submitted "Recommendations 2025" to Prime Minister Shigeru Ishiba, emphasizing balanced innovation and user protection in finance, particularly regarding the use of blockchain and the establishment of necessary tax regulations for cryptocurrencies and ETFs.
MoonPay has obtained the coveted BitLicense from the New York State Department of Financial Services, completing its regulatory framework across the U.S. and reinforcing its presence in cryptocurrency payments for over 20 million users.
A Standard Chartered report warns that the increasing adoption of Bitcoin by companies as reserves could lead to forced selling risks if prices drop significantly. Currently, 61 listed firms hold about 3.2% of total supply, but a decline below 22% of their average purchase price could trigger sales.
Trump Media, the parent company of Truth Social, is exploring a stock issuance worth up to $12 billion and recently raised $2.44 billion to establish a Bitcoin treasury, along with plans for a Bitcoin ETF registration.
Taiwan's crypto exchange BitoPro acknowledged a cyberattack in May that resulted in over $11 million in losses from an old hot wallet. They assured users that their assets remain unaffected, as stolen funds were replenished and moved to a new wallet.
The essay evaluates Bitcoin's market trends through various technical analysis methods, indicating a 2.0 rating for current strength. It predicts potential price adjustments based on recent patterns and support levels.
The Singapore High Court has rejected WazirX's reconstruction plan, postponing payments to creditors and raising concerns about potential liquidation and decreasing recovery amounts. The exchange faces criticism over communication issues and asset recovery efforts.