Despite surging adoption since 2021, cryptocurrency remains a hard sell for most Americans. New Gallup data reveals a stark divide: while 14% of U.S. adults own crypto, 60% have zero interest. Even as regulation takes shape, distrust runs deep. A…

Gallup finds crypto’s U.S. footprint is shallow, uneven, and not growing fast

The U.S. Department of Justice has launched a forfeiture action to recover 
nearly $2.3 million worth of Bitcoin tied to a new ransomware group dubbed 
Chaos. Chaos is a recently identified ransomware-as-a-service operation. First 
spotted in early 2025 by researchers…

DOJ launches forfeiture action to recover $2.3m in Bitcoin tied to Chaos Ransomware group

ECB advisor Jürgen Schaaf warns that the rapid rise of dollar-backed 
stablecoins threatens Europe’s financial stability and the euro’s global 
standing unless strategic action is taken. In a new blog post on the European 
Central Bank’s website titled “From Hype…

ECB advisor sounds alarm on growing dominance of dollar-denominated stablecoins

The Central Bank of Uruguay has hinted at the possibility of declaring bitcoin 
a “non-financial virtual asset,” potentially securing an easier compliance 
path for virtual asset service providers. Stablecoins, on the other hand, 
would be classified as “financial virtual assets.” Uruguay to Clarify Status 
of Bitcoin and Other Virtual Assets in New Regulation The Central […]

Uruguay to Further Clarify the Legal Status of Bitcoin in New Regulation

The Cboe has filed to list Canary Capital’s staked Injective ETF, potentially 
making it the third staked crypto ETF following Solana and Ether.

Cboe files to list staked Injective ETF from Canary Capital

As the Bitcoin price hovers just 4% below its all-time high of $123,000, 
crypto analyst Doctor Profit has issued a new report that could spark 
increased bullish sentiment among investors, suggesting that a new rally could 
be on the horizon. Bitcoin Price Poised For Growth After Major Trade Deal In a 
recent post on the social media platform X (formerly Twitter), Doctor Profit 
highlighted a significant technical development for the Bitcoin price, noting 
that the cryptocurrency has recently broken through a diagonal resistance line 
on its monthly chart—a barrier that had proven insurmountable for several 
months. According to the analyst, the Bitcoin price faced repeated rejections 
at this crucial resistance level from November 2024 through February 2025. 
However, this month marked a decisive breakout for the cryptocurrency, 
followed by a successful retest of the $114,000 level last Friday and a 
“strong bullish impulse” forming. Related Reading: Memecoins, NFTs Get Called 
Out By Their Own Architect: ‘Zero Intrinsic Value’ Doctor Profit emphasized 
that this breakthrough signals a potential upward movement, asserting that the 
market is primed for the next leg up. He even predicts that the “bullish 
chart” will soon dominate discussions across social media. Adding to this 
optimism are recent developments surrounding a US-Europe trade deal announced 
on Monday by the White House. Doctor Profit noted that tariffs have been a 
lingering concern for both the Bitcoin price and the broader stock market, 
suppressing momentum. However, the analyst asserts that the announcement of a 
new trade agreement—valued at $750 billion in US energy exports and $600 
billion in EU investments—has alleviated some of that pressure. Links Between 
M2 Money Supply And BTC’s Potential On a macroeconomic level, Doctor Profit 
highlighted the M2 money supply as a crucial factor influencing the Bitcoin 
price trajectory. Following a 25% expansion of M2 in 2020 due to pandemic- 
related measures, Bitcoin experienced an 800% rally. Currently, M2 has 
increased by 2.3% since the beginning of 2025, despite ongoing quantitative 
tightening measures by the Federal Reserve (Fed). The analyst believes that 
this indicates that the Fed may be poised to adopt more aggressive monetary 
policies in the near future. Related Reading: Ethereum Is About To Breakout Of 
Massive Consolidation Toward $5,000 Historical data suggests a correlation 
between increases in M2 and Bitcoin price movements, with the analyst 
estimating a potential upside of 30-35% for Bitcoin with every 1% increase in 
M2. The most significant expansion has occurred in recent months, particularly 
between May and June 2025, when M2 saw a monthly increase of 0.63%. Given 
Bitcoin&#8217;s typical lag in response to M2 changes—approximately 60 to 90 
days—there is speculation that this could lead to a 15-17.5% rally in the 
coming weeks, positioning Bitcoin toward the $130,000 mark. Looking ahead, the 
Federal Open Market Committee (FOMC) meeting is slated for Wednesday, with a 
strong expectation of no interest rate cuts. As of this writing, the market’s 
leading cryptocurrency trades at $117,569, up nearly 71% on a year-to-date 
(YTD) basis. Featured image from DALL-E, chart from TradingView.com