Dear PointPay Family,
It's been an extremely busy week with news and events, and we've reviewed them all to prepare a selection of the top 5 best and most interesting ones for you. Immerse yourself in the bustling world of cryptocurrencies with our latest article!
Investor Exit Signals Deepening Pressure on Bitcoin ETF Market
BlackRock’s iShares Bitcoin Trust faced its largest single-day capital withdrawal since launch, with investors removing more than $500 million. The move comes as Bitcoin fell below $90,000, marking a seven-month low and reflecting a broader selloff across digital assets.
The sudden shift highlights a loss of risk appetite among large market participants, with analysts noting growing caution and profit-taking after Bitcoin’s record-breaking surge earlier in the year. Meanwhile, gold has remained stable, prompting speculation that some investors are reallocating from crypto into traditional safe havens.
Crypto Market Drop Marks Largest Correction in Years
Bitcoin has extended its decline, falling to $85,000 and erasing its attempt to recover earlier this week. The downturn marks the most significant correction in the crypto market since 2017, with Bitcoin now more than 30 percent below its recent peak.
Other digital assets are experiencing even sharper losses. Ethereum has fallen below $3,000, and speculative tokens like Dogecoin are seeing double-digit declines as investors reduce exposure to high-risk markets.
Ethereum Announces Unified Layer-2 Protocol to Improve User Experience
The Ethereum Foundation has introduced the Ethereum Interop Layer, a new protocol designed to connect Layer-2 networks into a single cohesive ecosystem. The initiative aims to eliminate the need for complex bridges and fragmented balances, enabling users to interact with multiple networks as if they were part of one system.
With support for features such as single-transaction cross-chain transfers and automatic network compatibility, the upgrade is intended to enhance accessibility and streamline wallet functionality. The protocol is now available for testing and has already received positive feedback from leading ecosystem developers.
Strategy Increases Bitcoin Holdings With Largest Purchase in Months
Investment company Strategy has expanded its Bitcoin position by acquiring more than 8,000 BTC, representing its largest purchase since July. The transaction, valued at more than $830 million, pushed the firm’s total holdings to nearly 650,000 BTC.
The latest accumulation follows a week of consistent daily purchases and was supported by increased capital from preferred share offerings in Europe. Strategy’s leadership emphasized continued long-term commitment to purchasing Bitcoin, even amid heightened market volatility.
Global Regulators Reconsider Oversight Framework for Digital Assets
The Basel Committee on Banking Supervision has begun reviewing its regulatory guidelines for crypto assets following industry pushback. Current rules assign the highest risk weighting to cryptocurrencies, a standard critics argue is outdated and restricts innovation in the banking sector.
Several jurisdictions, including the United States, United Kingdom, and European Union, are now pursuing more flexible frameworks tailored to asset type and market maturity. At the same time, Liechtenstein has fully implemented the EU’s MiCA regulation, requiring all crypto service providers to obtain licensing by the end of 2025.
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