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Bitcoin has demonstrated notable strength, successfully reclaiming the $113,000 price point even as it reportedly absorbed selling pressure from a significant, long-term market participant, dubbed an "OG whale." This resilience suggests robust demand underpinning the cryptocurrency. However, veteran trader Peter Brandt offers a tempered outlook, asserting that Bitcoin bulls still have substantial work ahead to solidify this upward momentum and ensure sustained growth.

The cryptocurrency associated with artist Kanye West, known as the YZY token, has resulted in substantial financial losses for thousands of participants, while a tiny fraction of traders reaped significant profits. A staggering $74 million was reportedly lost by approximately 51,000 traders, highlighting the highly speculative nature and concentrated risk inherent in certain celebrity-backed digital assets.

Less than one million individuals globally currently possess a full Bitcoin (BTC), a staggering statistic that places ownership among a tiny fraction – specifically, under 0.02% of the world's population. This extreme scarcity immediately highlights Bitcoin's unique position in the digital asset landscape, and expert observations suggest this exclusivity is only set to deepen significantly by 2025, making a full coin an increasingly rare holding.

Former President Donald Trump is reportedly evaluating a list of eleven potential candidates to succeed Jerome Powell as Chair of the Federal Reserve, should he win the upcoming presidential election. This prospective shortlist includes several individuals who have previously indicated a more constructive or open stance towards cryptocurrency, signaling a potential shift in the central bank's approach to digital assets under a new administration.

Cathie Wood's ARK Invest has significantly intensified its commitment to BitMine, a company explicitly identified as an 'ETH firm,' with a recent substantial acquisition of an additional $15 million in its shares. This latest strategic move further solidifies ARK's already considerable position in the company, elevating its total investment across three distinct funds to surpass the $300 million mark. The persistent accumulation reflects a deep-seated confidence in BitMine's future trajectory and its role within the evolving digital asset landscape.

Jan van Eck, CEO of the global investment management firm VanEck, has issued a direct challenge to traditional financial institutions, asserting that they must integrate blockchain technology for stablecoin transfers within the next 12 months. Failure to adapt, according to van Eck, risks leaving these banks significantly behind the curve in the rapidly evolving financial landscape. He further characterized Ethereum as increasingly becoming 'the Wall Street token,' highlighting its growing relevance for institutional finance.

Spot Ethereum Exchange-Traded Funds (ETFs) have recently showcased a significant surge in investor interest, attracting substantial capital inflows. Over the last five trading days, these funds have successfully pulled in more than $1.8 billion in net inflows.

Investment advisors are increasingly integrating digital assets into client portfolios, with recent data revealing a substantial $18.3 billion allocation to Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs). This significant influx underscores a growing trend among financial professionals to embrace cryptocurrencies, moving beyond speculative interest towards a more structured, portfolio-driven investment strategy.

Prominent law firm Fenwick & West, formerly engaged by the now-defunct cryptocurrency exchange FTX, has formally requested a court to dismiss a proposed lawsuit accusing it of playing a pivotal role in the exchange's alleged multibillion-dollar fraud. This move marks a significant development in the ongoing legal fallout from FTX's dramatic collapse, where professional service providers are increasingly facing scrutiny over their associations with the embattled crypto empire.