Key Takeaways:
- $8B in dormant BTC moved—possible hack or pre-sale maneuver
- MetaPlanet doubles down with 2,200 BTC purchase
- Market flat ahead of Tuesday’s inflation print
Your daily access to the backroom.
Key Takeaways:
A failed Senate vote has killed hopes for near-term crypto market-structure rules, opening the door to more agency enforcement and a costly political fight heading into the midterms.
USB sticks loaded with USDT changed hands in Caracas hotels and restaurants as a chain of intermediaries multiplied, according to a Financial Times investigation that has already produced criminal charges against former executives at the Polish energy group's Swiss trading arm.
Coinbase led the selloff with a decline of roughly 10%, and total crypto market capitalization fell more than 3%, as the bill's defeat closes off, for now, the market-structure framework the industry had lobbied for over several years.
Leverage is falling, ETF flows are weakening and macro risks are mounting as Bitcoin faces two major catalysts that could determine its next move.