Bitcoin Long-Term Holders Offload 241,000 BTC as Bears Eye $95K

Key takeaways: Long-term Bitcoin holders sold 241,000 BTC over the past 30 days. BTC price bear flag targets $95,500.  Bitcoin (BTC) long-term holders have sold more than 241,000 BTC over the past month. Continued selling could send the price toward $95,000 or lower, according to analysts. Bitcoin long-term holders sell $26 billion worth of BTC…

Congress bill mandates Treasury report on strategic bitcoin reserve

US lawmakers have introduced a bill directing the US Treasury to examine and produce a report on the feasibility and technical considerations of the Strategic Bitcoin Reserve and US digital asset stockpile that President Donald Trump has ordered created. The House appropriations bill, introduced on Friday by Representative David P. Joyce, contains two sections that…

Congress bill mandates Treasury report on strategic bitcoin reserve

US lawmakers have introduced a bill directing the US Treasury to examine and produce a report on the feasibility and technical considerations of the Strategic Bitcoin Reserve and US digital asset stockpile that President Donald Trump has ordered created. The House appropriations bill, introduced on Friday by Representative David P. Joyce, contains two sections that…

Equities Rally on Rate-Cut Bets, BTC Stays Cautious

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Crypto traders remain cautious ahead of Thursday’s U.S. CPI report, with…

Lion Group Shifts to HYPE as Token Hits New All-Time High

Nasdaq-listed trading platform Lion Group Holding has announced plans to shift its entire stash of Sui and Solana into HYPE, the native token of the Hyperliquid blockchain. The Singapore-based trading platform said in a statement on Monday that it plans to exchange its Solana (SOL) and SUI (SUI) gradually over time to lower the average…

MegaETH Introduces Yield Stablecoin It Says Will Fund Protocol

MegaETH, an Ethereum layer-2 protocol backed by Vitalik Buterin, announced the upcoming launch of a yield-bearing stablecoin that might give it a different business model than traditional L2s, which drive revenue through transaction fees. The stablecoin, USDm, is being developed in partnership with Ethena, an algorithmic stablecoin protocol with $13 billion in total value locked…

SEC Crypto Task Force To Tackle Financial Surveillance And Privacy

The cryptocurrency task force with the US Securities and Exchange Commission (SEC) is planning to hold another roundtable that could lead to policy changes at the financial regulator. In a Monday notice, the SEC said the crypto task force, headed by Commissioner Hester Peirce, would host a public roundtable on financial surveillance and privacy on…

Ethereum Price at Risk of an 18% Decline: Here’s Why

Key takeaways: Declining spot buying and spot Ethereum ETF outflows signal weakening demand. ETH price technicals show a possibility of a drop to $3,5000. Ether’s (ETH) price has formed a series of lower highs and lower lows on the daily candle chart since reaching all-time highs of $4,950 on Aug. 14.  As the price fell,…

Lion Group Shifts to HYPE as Token Hits New All-Time High

Nasdaq-listed trading platform Lion Group Holding has announced plans to shift its entire stash of Sui and Solana into HYPE, the native token of the Hyperliquid blockchain. The Singapore-based trading platform said in a statement on Monday that it plans to exchange its Solana (SOL) and SUI (SUI) gradually over time to lower the average…

Bitcoin Back At $112K, But Data Doubts It Will Hold

Key takeaways: Bitcoin options skew and futures funding rates highlight persistent caution, despite BTC defending the $110,000 support level. spot Bitcoin ETF outflows and Strategy’s S&P 500 index negative decision continue weighing on trader sentiment. Bitcoin (BTC) climbed above $112,000 on Monday, pulling away from the $108,000 level seen the previous week. The advance, however,…