Grab and StraitsX collaborate to develop web3 wallets and stablecoin settlement across Asia

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.

The Coinbase premium gap has dropped to -$90, indicating a decline in institutional demand and increased selling pressure in the Bitcoin market. This shift reflects changing trends as the cryptocurrency landscape continues to evolve, suggesting a potential impact on investor sentiment and market dynamics.

Sonnet has postponed the vote on the merger with Hyperliquid, despite receiving 95% support from the votes cast. The delay is aimed at gathering more shareholders to meet the necessary approval threshold for the merger, which is part of a plan to establish a $1 billion treasury firm focused on HYPE.

US Representative Brandon Gill has disclosed an investment of up to $300,000 in Bitcoin, reflecting a growing interest among politicians in cryptocurrency. This move may influence future policy and regulatory discussions surrounding digital assets.

Bitfury has announced a $1 billion initiative aimed at funding ethical artificial intelligence, quantum computing, and digital identity solutions that extend beyond blockchain technology. This initiative is part of Bitfury's commitment to advancing technology in a responsible manner, focusing on ethical considerations in the development and deployment of these technologies. The announcement highlights Bitfury's strategic direction in the rapidly evolving tech landscape, emphasizing its role in fostering innovation while adhering to ethical standards.

Bitcoin has rebounded to nearly $94,000 after experiencing a dip below $90,000, showcasing the ongoing volatility and rapid price fluctuations in the cryptocurrency market. This rebound follows a period of significant concern among investors as Bitcoin's price had fallen below the critical $90,000 mark for the first time in seven months, raising fears of further declines.

The US banking regulator has permitted banks to hold cryptocurrencies to pay network fees, a decision that could significantly enhance the integration of traditional banking with the cryptocurrency sector. This regulatory change is expected to reshape financial services and payment systems, allowing banks to engage more actively in the crypto market.

KuCoin has officially launched its operations in Australia by opening a new office in Sydney. The company has appointed James Pinch as the Managing Director and has partnered with renowned golfer Adam Scott for its inaugural marketing campaign. This expansion marks a significant step in KuCoin's strategy to enhance its global presence in the cryptocurrency market.