Bitcoin traded below $80,000 while traders watched the Fed, ETF flows, and a mixed set of corporate crypto developments. Ripple secured final U.S. approval for a trust bank tied to RLUSD, and regulators in Canada and the U.S. moved further into stablecoin policy. Security and treasury headlines also stayed active.
Bitcoin remains under pressure
Bitcoin traded below $80,000 in multiple reports, with one market note putting it around $79,700 and another saying it held under that level as attention turned to the Fed meeting. Coverage also pointed to weak crypto sentiment, ETF outflows, and a split between BTC and broader risk assets such as Asian tech stocks and equities.
Sources: CoinDesk, CoinDesk, Cointelegraph, Decrypt
Bullish and bearish BTC narratives diverge
One analysis said the share of Bitcoin realized cap tied to coins unmoved for 18 months or more is falling, a pattern described as consistent with early bull-market conditions. By contrast, another market comment argued Bitcoin still shows signs of weakness, and a separate opinion piece said now is the time to accumulate BTC based on improving price trends, ETF demand, and rising U.S. debt.
Sources: Cointelegraph, CoinDesk, CoinDesk
Ripple clears a key banking hurdle
Ripple won final U.S. approval for a national trust bank, clearing the way for it to manage reserves backing RLUSD and provide digital asset custody. A separate report said the federally supervised bank will handle RLUSD reserves and custody services.
Sources: Decrypt, Cointelegraph
Stablecoin policy advances in North America
Canada opened consultation on draft stablecoin rules that would require one-to-one reserves, fast redemption, and a cap on redemption fees, while keeping a ban on yield. In the U.S., the OCC called on community banks to become payment stablecoin issuers as it finalized rules tied to the GENIUS Act.
Sources: Decrypt, Cointelegraph, Cointelegraph
Corporate crypto and security headlines
Keystone said it will destroy nearly 19,000 devices after a security breach exposed buyer records. Elsewhere, Binance filed for a Brazil crypto license ahead of a deadline and said it would delist 22 assets for Brazilian users, while Strategy paused Bitcoin purchases and spent $205 million on STRC buybacks.
Sources: CoinDesk, Cointelegraph, Cointelegraph, Decrypt