Sweden’s Justice Minister Says To ‘Turn Up The Pressure’ On Crypto Seizures

Sweden’s justice minister has called on local authorities to focus on crackdowns that could yield larger seizures of assets including cryptocurrency under a 2024 law that allows the confiscation of luxury items and cash from individuals even if they aren’t the target of an investigation. According to a Thursday report from financial news outlet Dagens…

Is Bitcoin’s Sell-off Driven By Dormant BTC Wallet Activity?

Key takeaways: Despite $1 billion in spot BTC ETF inflows, Bitcoin fell 2.8% as the market digested a multibillion-dollar 2011-era wallet transfer. US import tariffs and fiscal deficits are likely weighing on Bitcoin investor sentiment. Bitcoin (BTC) traded down to $107,400 on Friday after facing a strong rejection near the $110,500 level on Thursday. The…

Is Bitcoin’s Sell-off Driven By Dormant BTC Wallet Activity?

Key takeaways: Despite $1 billion in spot BTC ETF inflows, Bitcoin fell 2.8% as the market digested a multibillion-dollar 2011-era wallet transfer. US import tariffs and fiscal deficits are likely weighing on Bitcoin investor sentiment. Bitcoin (BTC) traded down to $107,400 on Friday after facing a strong rejection near the $110,500 level on Thursday. The…

Senator Lummis’s Crypto Bill May End Double Taxation

US Senator Cynthia Lummis submitted a draft bill on Thursday proposing to exempt certain crypto transactions from taxation and defer taxes on mining and staking rewards until the underlying tokens are sold. “My legislation ensures Americans can participate in the digital economy without inadvertent tax violations,”  said Lummis. The senator’s draft bill was published three…

Bitcoin Test Support As BNB, SOL, LINK, AAVE Prep For Higher

Key point: Bitcoin’s bounce off the moving averages may improve sentiment, pushing BNB, SOL, LINK and AAVE above their overhead resistance levels. Bitcoin’s (BTC) failure to close above $110,000 may have attracted profit-booking by short-term traders. That has pulled the price near $108,000. Crypto analyst Daan Crypto Trades said in a post on X that…

Bitcoin Test Support As BNB, SOL, LINK, AAVE Prep For Higher

Key point: Bitcoin’s bounce off the moving averages may improve sentiment, pushing BNB, SOL, LINK, and AAVE above their overhead resistance levels. Bitcoin’s (BTC) failure to close above $110,000 may have attracted profit-booking by short-term traders. That has pulled the price near $108,000. Crypto analyst Daan Crypto Trades said in a post on X that…

Turkish Authorities Block PancakeSwap In Crackdown On Crypto Websites

Turkey’s Capital Markets Board, the country’s financial regulator, announced it had blocked access to websites “providing unauthorized crypto asset services.” In a Thursday notice, the Capital Markets Board said it had taken legal action against 46 websites, including decentralized exchange PancakeSwap and Cryptoradar, in a crackdown on crypto services offered to residents of Turkey. The…

Bitcoin Test Support As BNB, SOL, LINK, AAVE Prep For Higher

Key point: Bitcoin’s bounce off the moving averages may improve sentiment, pushing BNB, SOL, LINK, and AAVE above their overhead resistance levels. Bitcoin’s (BTC) failure to close above $110,000 may have attracted profit-booking by short-term traders. That has pulled the price near $108,000. Crypto analyst Daan Crypto Trades said in a post on X that…

NEAR Protocol Plunges 5% as Resistance Holds, Bitwise ETP Launches

AI-focused NEAR token slumped by 5% on Friday despite the launch of Bitwise’s NEAR exchange-traded product (ETP). The sell-off comes during a muted day for cryptocurrencies with bitcoin also falling back from its test of a new record high. The launch of Bitwise’s NEAR Staking ETP marks a significant milestone for institutional adoption of the…

Where Did Bitcoin’s Retail Go? Look Offchain

Key takeaways: Onchain metrics suggest retail investors are asleep, but the ETFs’ AUM is growing Retail investors hold the majority of spot Bitcoin ETF shares—either directly or indirectly through investment advisers and hedge funds acting on their behalf. Direct retail investor demand may be dormant but not dead, especially outside the US, where self-custody remains…