tl;dr
• LIBRA Endorsement Hurts Pump.fun’s Daily Volume: Javier Milei's endorsement of LIBRA caused a 27% decline in Pump.fun’s daily trading volume, leading to skepticism among investors and a slowdown in new wallet registrations and meme coin launches.• Coinbase Pushes for Six Crypto Law Reforms: Coinba...
• LIBRA Endorsement Hurts Pump.fun’s Daily Volume: Javier Milei's endorsement of LIBRA caused a 27% decline in Pump.fun’s daily trading volume, leading to skepticism among investors and a slowdown in new wallet registrations and meme coin launches.
• Coinbase Pushes for Six Crypto Law Reforms: Coinbase’s Chief Policy Officer Faryar Shirzad outlines six key reforms for US crypto regulation, including clear asset definitions, CFTC oversight, transparent capital-raising rules, stablecoin regulations, and protections for DeFi and digital commerce.
• Economist Paul Krugman’s Twitter Hacked for Fake Token Promotion: Bitcoin critic Paul Krugman’s Twitter was hacked to promote a fraudulent “New York Times Token” (NYTC), adding to a string of high-profile crypto-related hacks.
• Industry Figures Predict the Decline of Meme Coins: Coinbase CEO Brian Armstrong and Bitcoiner Nic Carter criticize meme coins as unsustainable, with the top five meme coins losing significant market capitalization and Solana's ecosystem suffering as interest fades.
• 1,573 Institutions Hold Bitcoin in SEC Filings: SEC 13F filings reveal that 1,573 institutions have long Bitcoin exposure, with the median holding at 0.13%, signaling early-stage institutional adoption of BTC.
• Emerging Economies Lead Digital Currency Adoption: A study by Hellosafe shows India, Nigeria, Egypt, Indonesia, and the Philippines are driving digital currency adoption, viewing it as a tool for economic growth, while Western countries remain more speculative.
• Bitcoin CEO Predicts No Bear Market in 2025: CryptoQuant CEO Ki Young Ju suggests Bitcoin is unlikely to enter a bear market in 2025, despite a 12% drop from its all-time high of $108,786, with BTC trading at $95,930.
• Startups Integrate Bitcoin for Growth and Efficiency: A report by Epoch VC highlights how startups are leveraging Bitcoin to improve capital efficiency, reduce dilution, and gain marketing benefits, helping sustain operations without frequent fundraising.
• Avenir Group Becomes Asia’s Largest Bitcoin ETF Holder: Hong Kong-based Avenir Group invests $599 million in Bitcoin ETFs, securing 11.3 million IBIT shares and positioning itself as Asia’s top institutional BTC ETF holder.
• US Bitcoin Mining Generates $4 Billion and 31,000 Jobs: A study by the Perryman Group shows BTC mining contributed $4 billion in revenue and 31,000 jobs in the US, with Texas leading mining operations and concerns rising over energy consumption and regulatory scrutiny.
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