$58K BTC price still in play? Five things to know in Bitcoin this week
Bitcoin traders demanded further support reclaims to avoid a return to fresh macro lows next, as BTC price hit six-week highs.
Australian Senate committee backs new crypto platform licensing bill
Australia is moving closer to a new licensing regime that would bring crypto exchanges and tokenization platforms into the Australian Financial Services Licence regime.
Balaji calls for more ‘crypto tools’ for refugees amid Middle East tensions
The former Coinbase CTO says the crypto industry should build more financial tools for refugees and stateless people as conflicts and migration increase worldwide.
SEC drops case against BitClout founder with prejudice
The US Department of Justice has filed for dismissal of its case against BitClout founder Nader Al-Naji, after “reassessment of the evidentiary record.”
AI data center gold rush sparks debate over impact on Bitcoin
Crypto trader Ran Neuner said Bitcoin could be in danger if AI continues to pull miners away from the network, but others disagree.
Australia warns of AI, ‘finfluencers’ as Gen Z crypto ownership hits 23%
Australia’s securities regulator said two-thirds of Gen Zs are using social media to make decisions about their financial future, leading to “riskier” financial decisions.
US ban on stablecoin yield could see others fill the void: Ledger exec
Ledger’s Asia-Pacific lead, Takatoshi Shibayama, has added his take as crypto and banks continue to debate whether to allow third-party platforms to offer stablecoin yields.
WLFI investors nod 6-month token lock-up rule in governance tweak
WLFI token holders must stake their tokens for at least 180 days to retain voting privileges under the recently passed proposal.
Embattled crypto lender BlockFills files for bankruptcy in US
BlockFills has filed for Chapter 11 bankruptcy in the US after suspending deposits and withdrawals last month, citing poor crypto market conditions.
72% of subsea cables need to fail to impact Bitcoin, study shows
The past 11 years have shown that Bitcoin has been resilient to random intercontinental subsea internet cable failures, but could be susceptible to targeted attacks.