The incident highlights the vulnerability of digital platforms in disseminating misinformation, potentially impacting national and global markets. The post Did Paraguay just make Bitcoin legal tender? Suspected hack of president’s X account sparks confusion appeared first on Crypto Briefing.

Did Paraguay just make Bitcoin legal tender? Suspected hack of president’s X account sparks confusion

Paul Atkins called the right to self-custody a “foundational American value” 
when addressing regulators and industry leaders discussing DeFi.

SEC Chair bashes Gensler’s approach to crypto, defends self-custody

KULR Technology Group Inc. acquired 118.6 bitcoin for approximately $13 
million, increasing its corporate treasury holdings. The purchase price 
averaged roughly $107,861 per bitcoin, the company stated Monday. This brings 
KULR’s total bitcoin holdings to 920 BTC. Those 920 BTC represent a total 
investment of about $91 million, acquired at an average price of $98,760 […]

Publicly Traded Firm KULR Acquires 118.6 Bitcoin, Treasury Reaches 920 BTC

Digital asset infrastructure companies have seen more attention in recent 
years, with some fundraises in the hundreds of millions of dollars.

Turnkey raises $30M for crypto open infrastructure layer

Despite Bitcoin’s historic rise above the $100,000 mark in early 2025, a 
growing number of crypto investors are left wondering when the long- 
anticipated altcoin season will begin. At the time of writing, the altcoin 
season index from BlockchainCenter has now dipped to a reading of 20, far 
below the 75 threshold typically required to confirm the start of an altcoin 
season. In a detailed post on social media platform X, van de Poppe addressed 
what is one of the most frequently asked questions in the crypto industry 
today: “When altseason?” Altcoin Season Missing Despite Bull Market Conditions 
According to analyst Michaël van de Poppe, this cycle has deviated 
significantly from historical patterns. His response to the growing question 
of an altcoin season relays the fact that while Bitcoin has made gains, the 
altcoin market continues to lag significantly behind, raising doubts about 
whether a true altseason will even arrive this cycle. Related Reading: 
Certified Analyst Says Bitcoin Dominance Could Reverse At 64% – Is It Time For 
Altcoin Season? In past cycles, altcoins followed Bitcoin’s rally within weeks 
or months. However, 2024 and the early part of 2025 have proven to be 
different. This, in turn, has been many investors expecting this cycle to play 
out the same getting hammered and losing their patience. Although some new 
meme coins had their brief moments of explosive growth in late 2024, the 
broader altcoin market has been largely suppressed since late 2021. Van de 
Poppe explains that most older altcoins failed to match Bitcoin’s performance 
in 2021, and that trend has only worsened in the current cycle. This has 
somewhat changed the expectation of a typical four-year cycle rhythm. The 
tables have turned and other variables need to be taken into account for 
investors looking to get a significant return in those markets. Bitcoin 
Dominance And Sentiment Imbalance Holding Altcoins Back One of the clearest 
reasons for the delay in altseason is Bitcoin’s overwhelming dominance. As the 
Altcoin Season Index indicates, the metric remains significantly below the 25 
threshold line and firmly entrenched in Bitcoin Season territory. Van de Poppe 
attributes this not just to price action, but also to macro-level shifts, such 
as interest rate regimes and monetary policy from central banks. For now, 
there’s still much upside potential for Bitcoin, especially if the Fed 
interest rates were to go down from their current 4% levels. Related Reading: 
Is Altcoin Season Over Or It Never Started? Here’s What Historical Data Says 
In his view, the current market is divided into two camps: those expecting a 
bear market and those who believe the bull run is just beginning. Both could 
be wrong, he warns, because the game has changed. If there are so many factors 
going into negative sentiment, that’s actually a sign to allocate funds into 
altcoins. Keeping this in mind, the best time to invest in altcoins would be 
now, when the altcoin season isn&#8217;t showing any signs. Van de Poppe concludes 
that altseason isn’t just a timeframe but a phase where patient investors 
accumulate undervalued cryptocurrencies before the rest of the market catches 
on. When the altcoin season eventually rolls in, it will come unannounced. 
Featured image from Getty Images, chart from Tradingview.com

Is Altcoin Season Still Coming? Why Bitcoin Is To Blame Despite Making ATHs

In an interview with Tucker Carlson, Pavel Durov’s first since being indicted 
on six charges in 2024, said his company did nothing wrong.