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Grayscale Investments, a leading digital asset manager, has taken another significant step in expanding its cryptocurrency investment offerings by formally seeking U.S. Securities and Exchange Commission (SEC) approval for a Spot Avalanche Exchange-Traded Fund (ETF). The proposed fund, which would trade under the ticker AVAX, marks a continued push by Grayscale to bring diversified, regulated crypto products to mainstream investors, following earlier filings for XRP and Dogecoin spot ETFs this year.

A prominent heir to the **Thomson Reuters fortune** has initiated legal proceedings against a former close associate, alleging that **speculative cryptocurrency investments**, influenced by the counsel of a **psychic**, resulted in a staggering **$80 million financial loss**. The high-profile lawsuit brings to light the unusual circumstances surrounding significant capital deployment in the volatile digital asset market.

A prominent entity, often referred to as an "$11B Bitcoin whale," has executed a significant strategic shift within the cryptocurrency market, signaling a strong bullish outlook on Ethereum. This major investor recently divested $2.6 billion worth of Bitcoin, held for over seven years, and subsequently made a substantial investment of $108 million into spot Ether. This move follows the whale securing a $33 million profit from an Ether long position opened just last week, underscoring a calculated pivot towards Ethereum's potential upside.

Over the past week, **XRP** has faced a significant challenge, failing to secure a decisive breach above the critical **$3 psychological resistance level**. Despite multiple attempts, the cryptocurrency could not sustain momentum beyond this key threshold, indicating strong selling pressure or a lack of sufficient buying volume at that price point. However, a prevailing sentiment among many market **analysts** suggests that an **imminent breakout** from this ceiling remains highly probable, fueling investor speculation.

Bitcoin has recently experienced a sharp downturn, plunging to multi-week lows and fundamentally altering the market's optimistic trajectory. What was once a landscape dominated by discussions of new all-time highs, with speculative targets reaching as high as $111,000, has now given way to a more cautious and even bearish sentiment. This significant price correction has prompted a re-evaluation among investors and analysts alike, shifting focus from aggressive upside potential to defensive support levels.

A significant dispute has emerged in the cryptocurrency market, with a prominent crypto trader claiming that the MEXC exchange has frozen approximately $3 million of their assets. In response, the trader has reportedly initiated a $2 million campaign to address the situation. This development highlights ongoing tensions between high-volume traders and centralized exchanges, particularly concerning fund access and trading profitability.

Crypto industry stalwarts Galaxy Digital, Multicoin Capital, and Jump Crypto are reportedly orchestrating a substantial fundraising effort, aiming to secure $1 billion for a dedicated Solana ecosystem fund. This ambitious initiative sees the prominent investment firms collaborating to inject significant capital into the rapidly evolving Solana blockchain, with traditional finance powerhouse Cantor Fitzgerald serving as the lead banker.

In a significant development for the financial landscape, US investors are now able to integrate Bitcoin into their 401(k) retirement plans. This move marks a notable expansion of investment options for American workers, offering exposure to the burgeoning digital asset market within traditional retirement vehicles. While this prospect has generated considerable excitement among cryptocurrency enthusiasts, it simultaneously raises substantial concerns regarding the potential risks to long-term retirement savings.

A crypto wallet, specifically identified by blockchain analytics firm Lookonchain as potentially belonging to the alleged "Coinbase hacker," has executed a significant transaction, purchasing $8 million worth of Solana (SOL). This substantial acquisition highlights ongoing market activity from addresses previously linked to illicit operations, including an alleged exploiter of Radiant Capital and another unidentified cybercriminal, all reportedly engaging in active trades within the digital asset market.