tl;dr
• Bitcoin faces a critical resistance at $60,000, with potential risks of dropping to $55,500 if it fails to break key technical levels.• Crypto investments in Bitcoin spot ETFs see a $436 million surge last week, driven by Bitcoin ETFs from major asset managers like BlackRock and Fidelity, while Et...
• Bitcoin faces a critical resistance at $60,000, with potential risks of dropping to $55,500 if it fails to break key technical levels.
• Crypto investments in Bitcoin spot ETFs see a $436 million surge last week, driven by Bitcoin ETFs from major asset managers like BlackRock and Fidelity, while Ethereum products face outflows.
• The SEC fines Flyfish Club $750,000 for unregistered NFT sales, sparking dissent within the agency and a congressional response to protect NFTs from SEC actions.
• MicroStrategy announces a $700 million bond offering to boost its Bitcoin holdings, while Bhutan emerges as a notable Bitcoin holder through mining partnerships.
• Rate cut speculations lead to mixed views in the crypto community, with DeFi potentially benefiting, and Ethereum-based Aave gaining traction as a result.
• All SEC Commissioners are set to testify before Congress, with a focus on cryptocurrency regulation, and pro-crypto Commissioner Hester Peirce gaining attention.
• Chainlink Labs partners with Fireblocks to enhance stablecoin issuance capabilities, improving transparency and cross-chain interoperability for financial institutions.
• Economist Peter Schiff predicts a dollar crash from potential Fed rate cuts, leading to uncertainty around Bitcoin's performance amidst inflation concerns.
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