Crypto markets retreat, but don’t call it a collapse: MEXC’s Cecilia Hsueh

Binance founder Changpeng Zhao, known as 'CZ', faced a surprising inquiry about the potential refund of a $4.3 billion settlement by the US government following his presidential pardon. His response has sparked significant interest within the cryptocurrency community, adding complexity to ongoing discussions about regulatory actions and their implications for crypto exchanges.

Ethereum's price is currently at a critical juncture, trading at $3,079 with signs of instability as market activity declines. Despite a slight daily gain of 1%, the cryptocurrency faces pressure as traders withdraw and the support level around $3,000 is at risk amid record high leverage and inflows on Binance.

Binance has reported an increase in short-term Bitcoin trading activity, driven by traders and automated bots employing volatility-focused strategies rather than long-term holding patterns. This shift indicates a growing interest in short-term gains amid fluctuating market conditions.

Binance has announced that it will accept BlackRock's tokenized fund, BUIDL, as collateral on its platform. This development marks a significant expansion for the tokenized fund as it integrates with the BNB chain. The move has been positively received by Binance's former CEO, Changpeng Zhao, indicating a strengthening relationship between the cryptocurrency exchange and the asset management giant.

Dogecoin is currently at a critical juncture as market conditions weaken while on-chain risk metrics show extreme values. Analyst Cryptollica has shared charts that compare the DOGE/USDT price channel with Alphafractal’s Reserve Risk framework, questioning whether this signals a breakdown or a long-term bottom. The Reserve Risk metric assesses the conviction of long-term holders against market pricing, indicating potential volatility in Dogecoin's future.

A recent report by the International Consortium of Investigative Journalists (ICIJ), titled 'The Coin Laundry,' has revealed that major cryptocurrency exchanges, including Binance and OKX, have been exploited by criminals to launder illicit funds. The investigation highlights connections between these exchanges and various criminal activities, such as drug trafficking, scams originating from Southeast Asia, and hacking operations linked to North Korea. This raises concerns about the effectiveness of regulatory measures in the cryptocurrency sector.

Dogecoin's recovery trend is facing significant pressure as its price has fallen below a critical ascending support level, resting on a historic horizontal support, according to analyst Rekt Capital. In a recent post, Rekt Capital shared a chart indicating that Dogecoin must maintain its multi-year technical uptrend to avoid a potential return to a bear market. Currently, Dogecoin is trading around $0.16355, just below the trendline that has defined its recovery since the bear market lows of 2022–2023.