BTC price action turns weaker after the Wall Street open, with Bitcoin market participants bracing for lower levels despite bullish US macro data.

Bitcoin slides below $117.5K amid warnings further BTC price drops next

ETH Strategy completes a pre-launch raise as it gears up to debut its on-chain 
protocol. So far, the project has raised a total of 12,342 Ethereum to date. 
How will it affect ETH in the long-run? The treasury protocol ETH…

Ethereum treasury sprint: ETH Strategy raises more than 12k ETH – what happens next?

The Bank of Korea has also renamed its CBDC research and development teams to 
reflect their focus on practical business department.

Bank of Korea to launch virtual asset committee to monitor crypto

In a recent expert commentary, executives from BlackRock, the world’s largest 
asset manager and a leading issuer of cryptocurrency exchange-traded funds 
(ETFs), identified a significant trend in the cryptocurrency market, 
particularly for Bitcoin (BTC). They foresee a major surge ahead, driven by 
recent US legislative developments such as the signing of the GENIUS Act. They 
assert that these developments bolster the role of stablecoins as key players 
in the future of digital payments. New Regulatory Landscape For Stablecoins 
Central to BlackRock’s analysis is the recently enacted GENIUS Act, 
legislation that aims to establish a comprehensive framework for stablecoins 
as a means of payment. Stablecoins, digital tokens pegged to traditional 
currencies such as the US dollar, are gaining significant traction among 
traditional finance firms seeking to modernize their transactions, and could 
solidify the dollar&#8217;s dominance in global markets. Related Reading: Bitcoin 
Demand Drops Among US Investors—Is a Price Correction Coming? Though their 
current market share is about 7%—equating to approximately $250 billion—the 
rapid adoption of stablecoins since 2020 indicates a growing acceptance within 
the financial landscape. The GENIUS Act delineates stablecoins as payment 
methods rather than investment products, which includes provisions to prohibit 
interest payments and restrict issuance to federally regulated banks and 
select nonbanks. This regulatory framework is poised to create a tokenized 
ecosystem centered around the US dollar, facilitating easier access for users 
in emerging markets while potentially limiting adoption in major economies due 
to the ban on interest payments. Additionally, the act specifies the types of 
assets that stablecoin issuers can hold in reserve, predominantly consisting 
of repurchase agreements, money market funds, and US Treasury bills with short 
maturities. Notably, major stablecoin issuers like Tether (USDT) and Circle 
(USDC) currently hold over $120 billion in Treasury bills, yet this represents 
only a small fraction of the total outstanding US Treasury bills. BlackRock 
Optimistic About Bitcoin&#8217;s Potential BlackRock&#8217;s commentary also suggests that 
while the demand for Treasury bills may increase as the stablecoin market 
grows, the overall impact on yields could be limited. This is due to a likely 
offsetting shift of funds from similar assets rather than generating 
significant new demand. Furthermore, the US Treasury’s inclination to increase 
short-term debt issuance to address persistent budget deficits may also dampen 
any upward pressure on yields. Beyond US borders, other regions are also 
taking steps to regulate stablecoins. Hong Kong is implementing new 
regulations aimed at fostering innovation in stablecoins, while Europe is 
exploring the concept of a digital euro, albeit with limitations to protect 
traditional banks. Related Reading: XRP Dormant Coins On The Move: Reason 
Behind Price Plunge? Should other nations allow interest-bearing stablecoins 
or pursue central bank digital currencies (CBDCs), the US dollar’s role in 
trade finance could be at risk, the experts assert, potentially prompting the 
US to reconsider its stance on interest payments. As digital assets continue 
to gain mainstream acceptance, the combination of regulatory support and US 
administration backing suggests a future where Bitcoin and stablecoins play a 
more integral role in financial systems. BlackRock remains optimistic about 
Bitcoin&#8217;s potential as a distinct return driver and a key asset in diversified 
investment portfolios. Featured image from DALL-E, chart from TradingView.com

BlackRock Analysts Predict Major Bitcoin Surge As US Legislation Strengthens Stablecoins

Crypto marketing has evolved &#8211; has your strategy kept pace? From token 
launches to long-term growth, here’s a practical guide to what it takes to 
succeed in 2025. The days of anything-goes crypto are over. And honestly, the 
people watching this space now are a different crowd. In 2025, memes might 
still get a laugh, […]

The 2025 Rulebook: Crypto Marketing Do’s and Don’ts

Crypto exchange Kraken is reportedly seeking half a billion dollars in funding 
as crypto exchanges capitalize on regulatory tailwinds, The Information 
reports.