The Incrypted editorial team has prepared a new digest dedicated to key events in the Web3 space over the past week. It discusses U.S. President Donald Trump’s plans to create an exchange-traded fund in collaboration with the cryptocurrency exchange Crypto.com, the potential launch of stablecoins by Fidelity, World Liberty Financial, and the state of Wyoming, whale manipulations on the Hyperliquid exchange that led to liquidation threats, a new regulatory model for the cryptocurrency market in Ukraine, and much more.
This is reported by Business • Media
Bitcoin Price Dynamics
Since the beginning of the week, the price of Bitcoin has shown positive dynamics, boosting market participants’ sentiments, while the fear and greed index noted an increase to 45. At the same time, the mining difficulty of Bitcoin has risen by 1.43%, and at the time of writing, the asset is trading at a price of $83,397, according to TradingView.
Prospects and Investments in Bitcoin
Bitcoin continues to attract the attention of major financial institutions. Standard Chartered has replaced Tesla shares with Bitcoin in its Magnificent 7 index. CryptoQuant analysts emphasize key price levels for investors, indicating that Bitcoin is at a critical stage, determining the possibility of a correction or a transition to a bear market.
“Bitcoin could become the biggest financial opportunity in history” – Robert Kiyosaki.
Amid the growing interest in Bitcoin, the Japanese firm Metaplanet purchased 150 BTC for $12.6 million, while the French company The Blockchain Group spent $51 million to acquire 580 BTC. At the same time, GameStop announced the use of Bitcoin as a reserve asset.
Manipulations in the cryptocurrency market remain an important topic. An anonymous trader managed to falsify betting results on the Polymarket platform, causing outrage in the crypto community.
Additionally, representatives of the cryptocurrency market in Ukraine announced a new regulatory model that will allow for the distribution of powers between the National Securities and Stock Market Commission and the National Bank of Ukraine, aimed at ensuring stability and protecting consumer rights.