Bitcoin Sell-Off Led by Mid-Cycle Wallets While Long-Term Whales Hold Firm: VanEck

Tether has significantly increased its gold reserves to 116 tons, positioning itself as a major player in the gold market, comparable to small central banks. This development highlights Tether's growing influence in the financial sector, particularly in the context of cryptocurrency.

Industry groups have sent a letter to President Donald Trump advocating for new tax policies and agency actions on cryptocurrency initiatives, emphasizing the need for progress amid Congressional uncertainty regarding market structure work.

Kalshi, a CFTC-regulated exchange, has successfully raised $1 billion in funding, achieving a valuation of $11 billion. This positions Kalshi as a strong competitor to crypto-native Polymarket by offering event contracts with fiat access and legal clarity.

AVAX One, backed by Anthony Scaramucci, has approved a $40 million stock buyback as digital asset treasury firms increasingly resort to such measures to counter declining stock prices amid waning investor demand.

Ripio, a cryptocurrency exchange, has announced the establishment of a $100 million crypto treasury, making it the second largest in Latin America. The treasury includes holdings in bitcoin and ether, which have been managed through trading and hedging strategies since 2017.

Ray Dalio, the billionaire founder of Bridgewater Associates, continues to hold Bitcoin but expresses concerns regarding its traceability and the potential threat posed by quantum computing. He believes that these issues present significant challenges for Bitcoin's aspiration to become a global reserve currency.

Hedera's token, HBAR, has fallen below critical support levels, dropping to $0.1373. This decline is attributed to a late-session trading halt, reduced trading volume, and unsuccessful recovery attempts, indicating increasing structural and liquidity pressures within the market.

Heavy trading activity during a failed rebound attempt has pushed ICP into a tighter consolidation zone below $4.95, reinforcing short-term downside risk. The cryptocurrency's inability to maintain upward momentum raises concerns among traders regarding its future performance.