Bitcoin's Mayer Multiple hits 2022 levels: Where is BTC price bottom?
The Bitcoin Mayer Multiple reached 0.65, echoing the deep bear market conditions of 2022 and sparking debate on whether BTC's real bottom lies at $50,000 or lower.
Phantom Chat under scrutiny after $264K address poisoning loss
Phantom Chat is under scrutiny after a phishing attack drained $264,000 in Wrapped Bitcoin, renewing concerns over wallet UX and address poisoning scams.
UK regulator takes High Court action against HTX over crypto promotions
The UK’s financial watchdog sued Panama-based HTX exchange and unidentified persons, alleging illegal crypto promotions on social media despite warnings.
South Korea probes Bithumb after $43B ‘phantom’ Bitcoin payout
South Korean authorities launched an investigation into Bithumb after it mistakenly credited 620,000 BTC to users, adding to concerns about “paper Bitcoin” and internal controls.
Gemini exit a ‘blow for policymakers’ with UK crypto hub ambitions
Industry groups and exchanges said the United Kingdom’s slow, overlapping crypto rules and compliance frictions are undermining its “global hub” ambition.
Bitcoin ETFs extend rebound as $145M in fresh inflows hit market
The Bitcoin ETF rebound comes as analysts flag slowing outflows. Early BTC holders trim positions rather than exit as BTC hovers near $70,000, according to Bitwise.
Analysts debate whether Ether has capitulated or has further to fall
Analysts say Ether’s MVRV Z-Score has entered capitulation territory at -0.42 after falling 30% in a fortnight, though it is still far from its worst score.
Fed’s Waller says crypto hype ‘fading’ with TradFi tie-ins
The crypto market’s volatility is just “part of the game,” says Federal Reserve governor Chris Waller, who adds that traditional finance may have added to the recent market drop.