Key Takeaways:
- Spot and futures trading volume for BTC at yearly lows
- ETF inflows remain solid and keep prices stable
- Market trending slightly down with limited downside risk
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Key Takeaways:
The HKMA handed its first approvals to the banks that already print the Hong Kong dollar. That tells you everything about what these tokens are meant to be.
Geopolitical pressure from the Strait of Hormuz standoff continues to weigh on BTC, which has failed to sustain gains above $72,500 even as whale selling dries up and leveraged shorts accumulate.
BTC retreated from a weekend high near $73,000 after the U.S. announced naval interdiction of vessels transiting the Strait of Hormuz, compounding an already fragile market structure.
DRW founder Don Wilson's blunt critique of MEV cuts to a deeper flaw: blockchain market design has drifted into engineering complexity that extracts value without improving price discovery or capital allocation.