Bitcoin hovered around the low-$83,000 area as traders watched U.S. inflation data, weaker risk appetite and continued ETF outflows. Elsewhere, Strategy expanded its Bitcoin position, regulators advanced new rules on derivatives, stablecoins and wallet reporting, and several banks and institutions pushed deeper into crypto infrastructure.
Strategy adds Bitcoin while continuing STRC buybacks
Strategy said it bought additional Bitcoin, bringing holdings to 848,250 BTC, while also repurchasing STRC preferred stock. The company said it was maintaining a large cash reserve alongside the latest buyback. [source-2, source-3]
Sources: Decrypt, Cointelegraph
Bitcoin trades near $83K amid macro and ETF pressure
Bitcoin traded around the $83,000 level as market participants looked ahead to U.S. inflation data. Reports cited a firm dollar, elevated bond yields and recent spot ETF outflows as headwinds, while some desks noted BTC had held key support near $82,500. [source-5, source-6, source-7, source-11, source-18, source-22, source-28]
Sources: Decrypt, CoinDesk, Cointelegraph, CoinDesk, CoinDesk
Regulators advance stablecoin, derivatives and wallet rules
Australia’s ASIC proposed leverage caps and negative-balance protections for certain crypto-settled derivatives. The Financial Stability Board warned about cross-border stablecoin risks and AI-related cybersecurity threats ahead of G20 meetings. In France, lawmakers backed a reporting rule for crypto wallets above a stated threshold, with penalties for noncompliance mentioned in the report. [source-4, source-17, source-19]
Sources: Cointelegraph, Cointelegraph, Cointelegraph
Banks and infrastructure firms expand crypto use cases
Reports said a South Korean bank launched Bitcoin-backed business lending, with collateral held by a third-party custodian. Standard Chartered also moved further into stablecoin services by launching custody for Ripple’s RLUSD and eyeing use of the token as collateral. Separately, SWI Group raised funds to convert a former bitcoin mining business into an AI-focused data center. [source-9, source-13, source-10, source-15]
Sources: CoinDesk, Cointelegraph, CoinDesk, Cointelegraph
Security and legal developments
Ledger said an unauthorized implant was found in at least one device sold through a reseller linked to reported crypto losses, while confirming its internal systems were unaffected. In the U.K., authorities froze a London penthouse tied to an alleged finance chief in a large scam case. [source-16, source-12]