Bitcoin Breaks $113,000
Bitcoin (BTC) broke the $113,000 level and traded at $113,022, according to Darkex market data. The daily increase was 0.34%. The move suggests that strong institutional inflows and continued interest in the ETF market continue to push prices higher.
US Senate Democrats: Crypto Market Structure Framework
According to Crypto in America, 12 Democratic senators have announced a comprehensive regulatory framework for the crypto market. Part of the framework includes a ban on state officials and their families from profiting from crypto while in office.
Kyrgyzstan Plans to Establish a Strategic Bitcoin Reserve
According to The Bitcoin Historian, Kyrgyzstan’s Finance Minister will present the government with a draft law to establish a strategic Bitcoin reserve. The plan also includes the government directly mining BTC.
SEC Commissioner Peirce: Centralized L2s Could Be Subject to Exchange Licensing
SEC Commissioner Hester Peirce said that Layer 2 chains with centralized matching engines may require exchange registration. But he stressed that fully decentralized protocols can be used by anyone and cannot be subject to regulation.
Japan’s Convano to Issue $139.2 Million in Bonds
Japan-listed Convano (6574.T) is planning a $139.2 million bond issue to increase its Bitcoin reserves, according to BitcoinTreasuries.NET.
Yunfeng Financial Receives Virtual Asset Trading License in Hong Kong
Yunfeng Financial (00376.HK) has received approval from the Hong Kong Securities and Futures Commission (SFC) to provide virtual asset trading services, according to Zhitong Finance. The company upgraded its existing Category 1 (securities) license to cover virtual asset activities.
Nasdaq-listed Ethereum treasury SharpLink has begun a $1.5 billion buyback plan. Approximately 1 million SBET shares were repurchased in the first phase. The company said its shares were severely undervalued and that buybacks would increase long-term investor value.
White House Crypto Advisor Witt: Priority Market Structure and Stablecoin Legislation
Patrick Witt, the Trump administration’s new crypto advisor, listed three priorities in a statement to CoinDesk: Market structure legislation in the Senate, fast implementation of the GENIUS stablecoin law and the establishment of a federal crypto reserve. Witt said he is taking over the work of previous advisor Bo Hines.
Caliber Buys LINK Token
Caliber (NASDAQ: CWD) announced that it has acquired LINK token. The transaction was made as part of system testing. The company will finance the acquisition with ELOC loans, cash reserves and stock issues. The amount was not disclosed.
Dogecoin ETF is Coming: DOJE Lists Thursday
According to Bloomberg ETF analyst Eric Balchunas, the REX-Osprey Dogecoin ETF (DOJE) will start trading on Thursday. This development is considered as the beginning of the memecoin ETF era.
5-Year Crypto Market Pilot Program from Vietnam
Vietnam has approved a five-year pilot program for the crypto asset trading market, Zhitong Finance reported.
Nasdaq to Invest $50 Million in Gemini IPO
Nasdaq will invest $50 million in the New York IPO of Gemini, the Winklevoss brothers’ crypto exchange, according to Reuters. The IPO is expected to raise $317 million. Nasdaq will also offer its clients access to Gemini’s custody and staking services.
CryptoQuant: BTC Bull Cycle in Mature Phase, Peak in Fall
Analyst Axel Adler Jr. said that 504 days have passed since the halving, and the market is in a mature bull phase. He noted that BTC experienced an extreme VDD peak at $70,000, followed by two waves of distribution at $98,000 and $117,000. He added that this points to a sustainable redistribution supported by institutional demand.
Ripple and BBVA Partnership: Digital Asset Custody Services Expand
Ripple has partnered with Spanish bank BBVA to offer digital asset custody solutions. The partnership aims to strengthen services for retail customers in line with the EU’s MiCA regulatory framework.
