MegaETH to launch USDC pre-deposits bridge with $250M cap for USDM

Bitcoin is approaching the 'max pain' range of $73,000 to $84,000, as analysts indicate a potential deep discount around significant institutional cost bases. This situation arises amid ongoing market volatility and fluctuating investor sentiment.

Coinbase has introduced ETH-backed loans, allowing users to borrow up to $1 million in USDC against their Ether holdings. This launch comes as the company's Base-powered network has facilitated over $1.25 billion in loans, marking a significant milestone in onchain lending.

Bitcoin's value has suddenly dropped below $87,500, resulting in over $250 million in liquidations. This decline underscores the volatility and risks associated with cryptocurrency trading, which can significantly impact investor confidence and market stability.

A Congressman has introduced a bill that would allow Bitcoin tax payments and support the establishment of a strategic Bitcoin reserve in the United States. This initiative aims to enhance financial security, diversify assets, and maintain the country's global leadership in cryptocurrency.

Bitcoin ETFs experienced a significant inflow of $75 million, primarily driven by BlackRock and Grayscale, reversing a trend of five consecutive days of outflows. This resurgence indicates renewed institutional interest in Bitcoin as market conditions fluctuate.

Owen Gunden, a prominent Bitcoin investor, has completed a significant sale of his Bitcoin holdings valued at $1.3 billion, with the final transfer made to the cryptocurrency exchange Kraken. This move is expected to increase market volatility as long-term holders liquidate substantial positions.

CME Group has partnered with CF Benchmarks to launch Bitcoin volatility indices, aimed at enhancing risk management and pricing transparency in the digital asset markets. This initiative is expected to provide investors with better tools to navigate the fluctuating cryptocurrency landscape.

The ARC token is set to launch in India in the first quarter of 2026, with the aim of enhancing the country's financial autonomy, promoting local investments, and decreasing dependence on foreign digital currencies.