Galaxy Digital founder Mike Novogratz and Bitgo CEO Mike Belshe testified this 
week in Delaware Chancery Court over a failed $1.2 billion merger that 
collapsed in 2022, with Bitgo seeking at least $100 million in damages. Bitgo 
CEO Mike Belshe Challenges Galaxy Digital’s 2022 Merger Termination in Court 
The case traces back to May 2021, […]

Galaxy Digital founder Mike Novogratz and Bitgo CEO Mike Belshe testified this week in Delaware Chancery Court over a failed $1.2 billion merger that collapsed in 2022, with Bitgo seeking at least $100 million in damages. Bitgo CEO Mike Belshe Challenges Galaxy Digital’s 2022 Merger Termination in Court The case traces back to May 2021, &#8230;

Galaxy Digital Faces Bitgo in Court Over $1.2 Billion Deal Gone Wrong

The ECB&#8217;s decision may hinder euro stablecoin competitiveness, potentially 
reinforcing the dominance of dollar-denominated stablecoins in Europe.
The post European Central Bank rejects proposal to ease euro stablecoin rules 
appeared first on Crypto Briefing.

The ECB&#8217;s decision may hinder euro stablecoin competitiveness, potentially reinforcing the dominance of dollar-denominated stablecoins in Europe. The post European Central Bank rejects proposal to ease euro stablecoin rules appeared first on Crypto Briefing.

European Central Bank rejects proposal to ease euro stablecoin rules

The non-binding nature of India&#8217;s $500B purchase intention highlights 
potential volatility in US-India trade relations, impacting market 
expectations.
The post India commits to $500B in US goods over five years, but the fine 
print tells a different story appeared first on Crypto Briefing.

The non-binding nature of India&#8217;s $500B purchase intention highlights potential volatility in US-India trade relations, impacting market expectations. The post India commits to $500B in US goods over five years, but the fine print tells a different story appeared first on Crypto Briefing.

India commits to $500B in US goods over five years, but the fine print tells a different story

Bitcoin is showing increasing signs of weakness as bearish pressure continues 
building below a critical technical level. With key support zones now under 
threat and reversal patterns beginning to take shape, BTC could be entering a 
decisive pullback phase that may determine the market’s next major direction. 
Buyers Continue Losing Momentum As Decline Deepens Crypto analyst Kamile Uray 
stated that Bitcoin buyers continue to appear weak as the market faces another 
wave of downside pressure. The analyst explained that if BTC breaks below the 
key bottom at $74,929, it could confirm the completion of the final shoulder 
in a developing OBO structure while remaining under the previous low near 
$76,044. Related Reading: Bitcoin Upper Trendline Resistance Is Holding Price 
Back, Can It Push It Below $60,000? Analyst Answers Unless Bitcoin can achieve 
a decisive 4-hour candle close above $78,213, the bearish trend is likely to 
continue. A sustained breakdown below $74,929 could open the door for a deeper 
decline toward the $71,000–$68,000 region, which has been identified as a 
major Fibonacci support zone. Kamile Uray further explained that if stronger 
buying momentum eventually emerges from those lower levels, Bitcoin could 
attempt another recovery rally. During any upside move, the market would need 
to overcome resistance around $98,000, followed by the larger resistance 
region between $107,000 and $109,000. However, if Bitcoin struggles to 
maintain strength above the recent peak near $126,199, the risk of another 
major corrective phase would remain active. In the case of a much deeper 
decline, Kamile Uray emphasized that the $60,000 level stands out as a 
critical long-term support area that could play a major role in future market 
direction. Bitcoin Bullish Reversal Structure Begins Turning Bearish Another 
crypto analyst Merry__PT has noted that Bitcoin’s recent price action is 
undergoing a significant structural shift. While the market initially formed a 
recognizable W bottom, a classic signal of a bullish reversal, this structure 
is now evolving into a Head and Shoulders top, which is historically viewed as 
a symbol of a bearish reversal. Related Reading: Bitcoin Uptrend Remains Alive 
Despite Bearish Pressure Below $78,800 The most critical technical element to 
monitor moving forward is the blue horizontal base neckline. This support zone 
is acting as the foundation for both the current structure and the potential 
for a larger trend shift. Once this neckline is clearly defined and widely 
acknowledged by market participants, the Head and Shoulders formation will 
gain significant validity. If the price confirms a breach below this level, 
the pattern is likely to transition from a mere technical observation into a 
genuine catalyst for a sustained pullback. Beyond this structural pivot, the 
upcoming monthly candle close is key, acting as a pivotal axis for gauging 
future sentiment and market direction. Featured image from Getty Images, chart 
from Tradingview.com

Bitcoin is showing increasing signs of weakness as bearish pressure continues building below a critical technical level. With key support zones now under threat and reversal patterns beginning to take shape, BTC could be entering a decisive pullback phase that may determine the market’s next major direction. Buyers Continue Losing Momentum As Decline Deepens Crypto &#8230;

Bitcoin Could Be Entering Critical Pullback Phase Below This Level

Global rate hikes could stifle economic growth, exacerbate stagflation risks, 
and strain emerging markets amid persistent inflation pressures.
The post HSBC forecasts central banks to raise rates amid supply shocks from 
US-Iran conflict appeared first on Crypto Briefing.

Global rate hikes could stifle economic growth, exacerbate stagflation risks, and strain emerging markets amid persistent inflation pressures. The post HSBC forecasts central banks to raise rates amid supply shocks from US-Iran conflict appeared first on Crypto Briefing.

HSBC forecasts central banks to raise rates amid supply shocks from US-Iran conflict

The complex diplomatic maneuvers could destabilize regional alliances and 
impact global markets, highlighting the intricate geopolitics involved.
The post Trump engages Gulf countries and Netanyahu amid Iran counter-proposal 
talks appeared first on Crypto Briefing.

The complex diplomatic maneuvers could destabilize regional alliances and impact global markets, highlighting the intricate geopolitics involved. The post Trump engages Gulf countries and Netanyahu amid Iran counter-proposal talks appeared first on Crypto Briefing.

Galaxy Digital Faces Bitgo in Court Over $1.2 Billion Deal Gone Wrong

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