Binance CEO CZ confirms the exchange is converting its SAFU reserve funds from stablecoins to Bitcoin, asserting the timing is ideal despite recent market turbulence.
Bitcoin dropped below $70,000, wiping out its post-election rally amid a panic-driven selloff. Declining crypto sentiment followed Gemini's regional shutdown plans, layoffs, and negative inflows into spot bitcoin ETFs.
Arthur Hayes attributes Bitcoin's sharp decline to institutional dealers' forced hedging activities tied to structured products like BlackRock's IBIT ETF, triggering a cascade of BTC sales and heightened volatility.
Stablecoin inflows have surged to $102 billion, coinciding with stablecoin dominance reaching a three-year high — potentially signaling the start of a bullish trend in 2026.
Bitcoin plunged to ~$60,000 — down 50% from its October 2024 peak — amid a broad tech-sector selloff driven by AI-induced disruption fears. Software stocks collapsed (Duolingo −78%, PayPal −55%), while traditional sectors rose. Analysts note a structural shift: markets now sharply distinguish winners from losers, ending the era of blanket tech/crypto optimism.
This week, Ripple attended a White House crypto summit, Elon Musk promoted Dogecoin with 'DOGE to the Moon', Peter Brandt alleged Bitcoin market manipulation (denied by CZ), and Vitalik Buterin reportedly sold part of his Ethereum holdings.
Ontario Provincial Police (OPP) warns of rising impersonation scams where fraudsters pose as officers to steal crypto and cash, alongside surging crypto job fraud and Bitcoin ATM scams. Canadian fraud losses hit $544M in 2025, with older adults disproportionately affected—$700M lost to impersonation fraud in the US alone. Regulators are tightening custody, reporting, and security rules for crypto firms.
A crypto pundit, Stellar Rippler, urges XRP holders to withdraw funds from centralized exchanges, citing engineered price drops—like the recent fall to $1.15—as strategic moves enabling large institutions to accumulate XRP cheaply. He highlights XRP’s unique institutional role, escrow dynamics, and exchange withdrawal issues, urging self-custody amid broader crypto volatility.
Bitcoin ETFs reversed a prolonged outflow trend with a $331 million inflow, providing relief amid ongoing pressure on Ether and Solana; XRP showed quiet momentum recovery.
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