- Bitcoin briefly hit $117,000, while BNB led Layer 1 blockchains ahead of the U.S. Federal Reserve’s policy decision.
- A large wallet moved $116 million worth of BTC after being inactive for 11 years.
- Binance is close to a deal that could end its U.S. Department of Justice compliance monitoring; former CEO CZ may return, indicated by an update to his X profile.
- Survey from BofA found 67% of fund managers do not hold cryptocurrency, as the U.S. and U.K. announce new crypto collaborations.
- Crypto industry developments include new funds, partnerships, repurchases, and product launches by companies like Circle, Bitwise, and Keyrock.
Bitcoin (BTC) briefly reached $117,000 today as BNB outperformed other Layer 1 blockchains. These developments unfolded as market participants watched for outcomes from the scheduled U.S. Federal Reserve decision.
A dormant wallet transferred $116 million in BTC after 11 years of inactivity, signaling renewed activity from long-term holders. At the same time, Binance neared an agreement with the U.S. Department of Justice that could conclude its compliance monitoring period. The platform’s former CEO, Changpeng Zhao (CZ), updated his profile on X, causing speculation about a potential return to Binance.
A survey by Bank of America (BofA) reported that 67% of fund managers do not own digital assets. Political attention on cryptocurrency continues as U.S. crypto executives are set to meet the Senate Banking Committee, and a new crypto-focused political action committee (PAC) has launched with $100 million in backing. The United States and United Kingdom also announced collaborative efforts on crypto regulation and initiatives.
Industry news highlights further movement. Sharplink completed a repurchase of 1 million shares. Ethereum developers introduced “Fusaka,” which is now open to a $2 million security audit contest. Ether Machine announced plans to go public through a merger with Dynamix. Sharps confirmed a partnership with Bonk to stake a portion of its SOL tokens.
Circle launched its USDC stablecoin natively on the Hyperliquid platform. Bitwise filed for a new exchange-traded fund (ETF) concentrating on tokenization and stablecoins. Keyrock completed the acquisition of Turing Capital. Google introduced a protocol enabling AI agents to make direct payments to each other.
These events mark active developments across the crypto industry as regulation, funding, and product activities continue to advance.
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