News

Bitcoin has experienced a significant upward trajectory, pushing past critical resistance levels after the Federal Reserve signaled a potential shift in its monetary policy. This momentum is interpreted by market participants as opening the door for new record highs, with some projections indicating a target of $117,000. The move has also led to the liquidation of bearish positions, further fueling the rally.

The United States Congress is reportedly considering a novel legislative approach to confront the burgeoning threat of cybercrime. A proposed bill aims to enlist private sector capabilities, drawing parallels to "21st-century privateers," to combat a range of digital offenses that increasingly impact national security and economic stability. This strategy signals a potential shift in how the government plans to engage with sophisticated cyber threats.

Ethereum (ETH) is currently positioned for a significant price ascent, with analysts projecting a potential climb to the $5,000 mark. This optimistic outlook is underpinned by a confluence of strong market signals, including intensified network engagement, a robust and stable derivatives market, and a discernible resurgence in broader investor risk appetite.

A U.S. court has granted a brief stay in a significant legal challenge against the prominent cryptocurrency exchange, Coinbase. The lawsuit revolves around the company's collection and utilization of biometric data. This temporary halt was initiated by the presiding judge, who explicitly stated that awaiting a forthcoming ruling from an appellate court in a substantively similar case could considerably "reduce the burden of litigation" for all parties involved, including the court itself.

Ethereum (ETH) has achieved a significant milestone, surpassing its previous November 2021 all-time high to trade above $4,870. This notable surge is largely attributed to a confluence of macroeconomic factors, specifically a dovish shift in the Federal Reserve's stance, and a renewed interest from institutional investors, marked by increased inflows into Ether exchange-traded funds (ETFs).

The digital asset landscape is witnessing significant shifts, with US Bitcoin miners facing substantial financial burdens from new tariffs amounting to nine-figure bills. Concurrently, blockchain protocols like Polkadot are actively engaging with Wall Street, signaling a growing convergence between traditional finance and decentralized technology. In a separate development, SharpLink has strategically increased its holdings of Ethereum (ETH), while Beijing is reportedly exploring the introduction of a stablecoin backed by the Chinese yuan.

In a pioneering move for digital asset investment products, asset manager VanEck has submitted a filing to launch the first U.S. Exchange Traded Fund (ETF) designed to hold a liquid staking token, specifically JitoSOL. This strategic filing aims to provide investors with exposure to Solana staking rewards through a traditional investment vehicle, marking a significant test for the SEC’s evolving stance on staking in the cryptocurrency market.

A United States court has officially greenlit a $13 million settlement in a significant class-action lawsuit against BlockFi, marking a crucial advancement for affected investors. The approval follows the recent withdrawal of a key objection, paving the way for the next phase of the resolution process and bringing long-awaited relief to those impacted.

The inclusion of cryptocurrencies within US 401(k) retirement plans could present a more substantial catalyst for Bitcoin's future price appreciation than the recently launched spot Bitcoin Exchange-Traded Funds (ETFs), according to a prominent Bitwise research executive. This perspective suggests a significant new avenue for capital inflow, potentially driving the digital asset to new highs and bolstering its position within mainstream finance, with some analysts forecasting a rally towards $200,000.