Crypto traded lower as Bitcoin tested the $80,000 area amid renewed Fed-hike worries and an Asian equity selloff. Outside markets, the day also brought governance, regulatory and security developments across major crypto names.
Risk-off trading keeps pressure on Bitcoin and altcoins
Bitcoin traded around or below $80,000 as hotter inflation data lifted rate-hike expectations and broader markets sold off. Ether, XRP and many altcoins also fell, with liquidations nearing $1 billion and ether accounting for a large share of forced closures.
Sources: Decrypt, CoinDesk, CoinDesk, Cointelegraph, CoinDesk
Regulators and policymakers stay active
The SEC and CFTC are facing questions about whether recently issued pro-crypto rules could be challenged or rolled back. Separately, the White House Crypto Council lost another senior figure with Patrick Witt’s departure, Australia’s ASIC proposed tighter exchange rules, and Thailand’s new Bitcoin and Ether ETF rules took effect.
Sources: Cointelegraph, Cointelegraph, CoinDesk, Cointelegraph
Security incidents and enforcement remain in focus
Brooklyn prosecutors and the FBI said they dismantled a large fraud network that allegedly targeted Russian speakers with fake advisers and recovery scams. In a separate case, Turkish media reported the arrest of HEX founder Richard Schueler in Istanbul, alongside reports of seizures at his residence.
Sources: CoinDesk, Decrypt, CoinDesk, Cointelegraph
Protocols and infrastructure push major changes
Solana’s Alpenglow upgrade is set to target much faster finality, while Starknet opened a vote on whether to explore moving toward independent layer-1 status over quantum-risk concerns. Babylon also advanced a proposal to bring native Bitcoin collateral to Aave V4, pending additional votes and reviews.
Sources: Decrypt, Cointelegraph, Cointelegraph
Wallet and custody firms experiment with new form factors
Ledger unveiled plans for an Atom device that blends hardware-wallet features with smartphone functions, with one report saying it is expected to ship in 2027 and another noting the company is investigating tampered wallets sold in Asia.
Sources: CoinDesk, Cointelegraph