Coinbase resumes user registrations in India, plans fiat on-ramp by 2026

In the past six months, five banks have approved Bitwise exchange-traded products (ETPs) for wealth management, indicating a growing acceptance of cryptocurrency in traditional finance. This move is seen as a significant step towards integrating digital assets into mainstream investment portfolios.

The US Treasury Department has proposed a significant overhaul of anti-money laundering (AML) oversight by centralizing it under the Financial Crimes Enforcement Network (FinCEN). This move aims to enhance the efficiency and effectiveness of combating financial crimes, which could have a substantial impact on global banking practices.

American Bitcoin Corp has acquired an additional 416 BTC, increasing its total holdings to 4,783 BTC. This strategic move comes amidst recent volatility in the company's stock price, which has seen significant fluctuations due to market pressures and the unlocking of private placement shares.

A significant surge in Bitcoin's price could lead to the liquidation of approximately $1.2 billion in short positions if it reaches $95,076, potentially triggering forced buy-ins that would amplify market volatility and drive prices even higher.

Fidelity's Bitcoin ETF has recorded a significant net inflow of $199 million, positioning it as a leader among Bitcoin spot ETFs. This influx of capital reflects a growing investor confidence in cryptocurrency exchange-traded funds (ETFs), suggesting a potential shift in market dynamics.

On Tuesday, the price of Ethereum surged by 6.5%, reaching the significant $3,300 mark for the first time in nearly a month, marking a nearly 12% recovery over the past week. This increase has positioned Ethereum ahead of its competitors among the top ten cryptocurrencies by market capitalization. Analysts attribute this rise to heightened institutional interest, particularly from major players like BitMine, which holds a substantial collection of ETH.

Ethereum's institutional market momentum has significantly declined, with ETF flows experiencing their worst month since launch, totaling approximately $1.4 billion in net outflows. This downturn reflects a broader cooling in investor demand amid market volatility and changing risk appetites.

MANTRA has initiated the migration of its OM token in preparation for an upcoming network upgrade, emphasizing the importance of timely user participation to reap the benefits of this transition. This migration is a critical step in ensuring that users can effectively engage with the enhanced features of the network.