‍California's AI Chatbot Rules: A Bellwether for Crypto Regulation? California's SB 243 establishes guardrails for AI chatbots, requiring them to identify as artificial, restrict sensitive exchanges with minors, and report suicidal ideation. This legislation highlights parallels with potential crypto regulations: • **Transparency:*• Similar to AI, crypto projects may face increased demands for transparency regarding teams and operations, akin to KYC/AML. • **User Protection:*• Protecting vulnerable groups from scams and risks is a growing concern, mirroring AI's focus on minors and self-harm. • **Reporting:*• Mandates for reporting suspicious activities could extend beyond financial crime to market manipulation. While debates on stifling innovation and enforcement challenges persist, these AI regulations offer a glimpse into the future of decentralized finance and Web3 governance. https://cryptovka.ru/en/news/5661/california-s-ai-chatbot-rules-a-regulatory-bellwether-for-the-crypto-frontier
‍Strategy Acquires 220 BTC Amid Market Dip Crypto firm Strategy, the largest corporate Bitcoin holder, recently purchased 220 BTC for $27 million, averaging $123,500 per coin, just before a significant market downturn. This acquisition pushes their total holdings to 640,250 BTC, valued at approximately $73 billion. Strategy funded the purchase through preferred share sales. Co-founder Michael Saylor remains steadfast in his long-term Bitcoin conviction. Strategy's pioneering treasury approach has inspired an industry, though not all firms have matched its performance. Despite recent stock price declines and a reduced premium relative to Bitcoin holdings, Strategy maintains its commitment to accumulation. https://cryptovka.ru/en/news/5660/strategy-s-bold-bitcoin-bet-accumulating-before-the-dip
‍Binance and Trust Wallet Experience Display Glitches Post-Market Crash Following recent market volatility, both Binance Wallet and Trust Wallet encountered temporary display issues. Binance Wallet reported "temporary lag" due to network congestion, impacting users' ability to view wallet data accurately. Trust Wallet cited a "market data sync issue," which was resolved within hours. Crucially, Trust Wallet confirmed that despite display discrepancies, users could still access and manage their assets. Bitcoin analyst Lucien Bourdon suggested these issues stemmed from pricing and oracle servers being under stress from record liquidations, highlighting UI fragility rather than a self-custody risk. Users are advised to verify balances via blockchain explorers during such events. https://cryptovka.ru/en/news/5658/crypto-wallets-under-stress-binance-and-trust-wallet-grapple-with-post-crash-display-issues
‍Collect & Exchange Launches Mobile App for B2B Crypto Trading Collect & Exchange, an international B2B platform for cryptocurrency and fiat exchange, has released its mobile application on Google Play. This move enhances convenience and security for businesses managing digital assets. The app mirrors the web platform's features, offering an optimized interface, a new dashboard, and revised security logic for on-the-go transactions. Future updates will include iOS availability, expanded functionality, multilingual support, and push notifications. "Our app isn’t just a port of website functionality, but a new level of interaction," stated Vladimir Belikov, CTO. "We're building a product that will operate as reliably and transparently as the Collect&Exchange platform itself." The platform emphasizes secure and transparent infrastructure, fast transactions, and adherence to AML/KYC/KYB regulations for global corporate clients. https://cryptovka.ru/en/news/5657/collect-exchange-elevates-b2b-crypto-trading-with-new-mobile-app
‍XRP Recovers 66% from 10-Month Low, Market Cap Surges XRP has demonstrated significant resilience, rebounding 66% from a recent 10-month low of $1.58. The digital asset has reclaimed a market capitalization of $158 billion and surpassed the 200-day simple moving average (SMA). Trading volume has surged over 35% in 24 hours, indicating strong buying interest. Technical indicators, including an oversold weekly Stochastic RSI, suggest potential for further upward movement. However, XRP faces crucial resistance levels around $2.70-$2.80 and $2.88-$2.95. Overcoming these will be key to sustaining the bullish trend. https://cryptovka.ru/en/news/5655/xrp-s-remarkable-66-rebound-what-s-next-for-the-digital-asset
‍Solana DEXs Eye Sustainable Growth Beyond Memecoins Solana's decentralized exchanges (DEXs), fueled by memecoins, have dominated trading volume. However, to ensure long-term success, these DEXs must build resilience by diversifying beyond volatile speculative assets. Key challenges include overreliance on speculative assets and insufficient liquidity depth. To overcome this, Solana DEXs should focus on building deep liquidity for Bitcoin (BTC) and stablecoins. These assets offer proven stability and substantial market capitalization, providing a robust foundation for Solana's DeFi ecosystem and its ambition to become a cornerstone for internet capital markets. https://cryptovka.ru/en/news/5654/the-future-of-solana-dexs-why-resilient-markets-are-key
‍Bybit, DigiFT, and UBS Forge TradFi-DeFi Bridge with Tokenized Collateral A new collaboration between Bybit, DigiFT, and UBS Asset Management enables institutional investors to use UBS's tokenized money market fund (UBS uMINT) as collateral on Bybit's trading platform. This initiative leverages the Ethereum blockchain and DigiFT's RWA infrastructure to enhance capital efficiency and transparency for traditional institutions entering the digital asset space. The partnership signifies a crucial step in integrating regulated tokenized products into the evolving financial landscape, offering enhanced utility and a secure pathway into crypto trading.
‍Crypto's Next Frontier: Bitcoin, DATs, and Trillion-Dollar Infrastructure Industry leaders at Cointelegraph’s LONGITUDE event anticipate a significant surge in digital assets, with Bitcoin potentially reaching $3.2 million, driven by continued monetary expansion. The rise of Digital Asset Treasuries (DATs) is a key narrative, with Ethereum, Bitcoin, and BNB debated as top treasury holdings. Discussions also highlighted the synergy between TradFi and DeFi, with SWIFT exploring Ethereum-based development tools and Aave’s infrastructure supporting fintechs. https://cryptovka.ru/en/news/5652/crypto-s-next-frontier-bitcoin-dats-and-trillion-dollar-infrastructure
‍BitMine Becomes Top Global Ethereum Holder with $13.4 Billion Treasury BitMine Immersion Technologies (BMNR) has surpassed 3.03 million ETH, establishing itself as the world's largest Ethereum treasury. The company's total crypto and cash holdings now exceed $13.4 billion. BitMine strategically acquired 202,037 ETH during recent market volatility. Fundstrat's Thomas Lee, Chairman of BitMine, noted that "volatility creates deleveraging" offering opportunities for long-term investors amid an "Ethereum Supercycle" driven by AI and institutional adoption. The company's treasury includes 3,032,188 ETH, 192 BTC, a $135M stake in Eightco Holdings, and $104M in cash. This positions BitMine as the second-largest overall crypto treasury globally, trailing only Strategy Inc (MSTR) in total value but leading in ETH holdings. Key institutional backers include ARK's Cathie Wood, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Thomas "Tom" Lee. BMNR stock is the 22nd most traded in the US with a $3.5B average daily trading volume, highlighting its market influence and liquidity. This strong liquidity attracts institutional capital, supporting BitMine's strategy of long-term crypto accumulation through mining and capital raising. https://cryptovka.ru/en/news/5651/bitmine-immersion-soars-over-3-million-eth-and-a-13-4-billion-crypto-treasury-crown-bitmine-as-global-leader
‍Zcash (ZEC) Surges 520% Amidst Market Sell-off Zcash (ZEC) has experienced an extraordinary 520% price surge over the past month, outperforming the broader crypto market. ZEC's price is approaching $300, a level not seen since late 2021. Technical analysis suggests a potential continuation within a bull flag pattern. Key levels to watch include a potential target of $336, with critical support at $245. However, ZEC has reached historically overbought levels on the weekly RSI, indicating a possible cooling-off period. Readers are advised to conduct their own research.