‍Bitcoin Approaches $93K Amidst Institutional Bullishness and Short Seller Liquidation Zones Bitcoin (BTC) is demonstrating renewed momentum, testing the $90,000 level, driven by improved market sentiment and significant corporate accumulation. Institutional players, including sovereign wealth funds, are reportedly establishing long-term Bitcoin positions. Strategy recently acquired 10,624 BTC for approximately $962.7 million. Despite this, BTC faces strong resistance between $90,000 and $93,000, with larger holders selling into rallies. A potential catalyst for a significant upward move lies in the liquidation levels for short sellers between $94,000 and $95,300, which could trigger a short squeeze and propel Bitcoin towards $100,000.
‍SEC Closes Investigation Into Ondo Finance Without Charges The U.S. Securities and Exchange Commission (SEC) has concluded a multi-year probe into Ondo Finance, a platform for tokenizing real-world assets (RWAs), without taking any enforcement action. This outcome is seen as a significant development for Ondo and the broader digital asset sector, potentially indicating a clearer regulatory path for tokenization in the U.S. The investigation, which began in 2024, examined Ondo's operations and whether its ONDO token should be classified as a security. The SEC's decision aligns with a perceived shift in its approach to digital assets, moving away from "regulation by enforcement" toward developing a framework for tokenized securities. This follows similar actions, such as Nasdaq's proposed rule change to allow trading of tokenized stocks.
‍Tether's USDT Secures Key Regulatory Approval in Abu Dhabi's ADGM Tether's USDT stablecoin has been officially recognized as an "Accepted Fiat-Referenced Token" (AFRT) by the Abu Dhabi Global Market (ADGM). This designation allows licensed financial institutions within ADGM to integrate USDT into services like trading, custody, and settlement across multiple blockchains. Tether CEO Paolo Ardoino stated, "Introducing USD₮ within ADGM's regulated digital asset framework reinforces the role of stablecoins as essential components of today’s financial landscape." This move solidifies Abu Dhabi's position as a global hub for digital assets, attracting crypto firms and fostering innovation in the evolving financial technology sector.
‍Moca Network Launches MocaProof Beta for Digital Identity Moca Network, an Animoca Brands initiative, has launched MocaProof beta, introducing a gamified system for digital identity verification and rewards. The platform aims to enhance data privacy and user sovereignty using blockchain technology and zero-knowledge proofs. Users can verify credentials without exposing sensitive data, with their identity visualized through a virtual companion, Mocat, whose traits unlock rewards. Verified users will be eligible for MOCA Coin, partner airdrops, and AIR SP loyalty points. The beta is live on Moca Chain Testnet, with a mainnet transition expected in 2026. A launch campaign offers US$50,000 in rewards.
‍Windows 11 AI Features Face User Backlash Over Privacy Concerns A community-developed script, "RemoveWindowsAI," is gaining traction as users express concern over integrated AI features in Windows 11, particularly the "Recall" screenshot tool. The open-source script targets features like Copilot and Recall, aiming to disable and delete AI components. This development highlights a philosophical clash between big tech's vision of an "agentic OS" and user demands for data privacy and control, echoing principles central to the cryptocurrency and Web3 communities.
‍Bitcoin Dips Below $90K Amidst Significant Exchange Outflows Despite nearly 35,000 BTC being withdrawn from exchanges in two weeks, indicating strong long-term holder accumulation, Bitcoin experienced a price drop below $90,000 as the U.S. market opened. Analyst Michaël van de Poppe highlights $86,000 as a critical support level. Trading firm QCP Capital notes this shift signifies supply migrating into longer-term custody, tightening the available float.
‍UK Intensifies Scrutiny on Crypto in New Anti-Corruption Strategy The United Kingdom has unveiled a comprehensive Anti-Corruption Strategy that explicitly targets the use of crypto-assets for evading international sanctions and facilitating financial crime. This initiative, set to be further addressed at an international summit in June 2026, signals a strengthened regulatory approach toward digital currencies. The strategy focuses on cracking down on corrupt actors' finances, strengthening UK institutions, and enhancing international cooperation. The National Crime Agency estimates over $133 billion is laundered through the UK annually, with recent disruptions of Russian money laundering networks seizing over $27 million in cash and cryptocurrency.
‍Strategy Acquires Over 10,000 BTC in Nearly $1 Billion Purchase Strategy has announced its largest Bitcoin acquisition in over 100 days, purchasing 10,624 BTC for $963 million. This move brings the firm's total holdings to approximately 660,600 BTC, valued at around $60 billion, solidifying its position as the leading corporate holder of Bitcoin. The acquisition, funded primarily through common stock issuance, occurred as Bitcoin's price neared $90,000, with an average purchase price of $90,615 per BTC. While Strategy's stock saw minimal immediate reaction, analysts remain divided on the implications, considering both investor concerns and the company's prudent cash reserve management.
‍Brevis Launches ProverNet: A DePIN Marketplace for ZK-Proof Computation Brevis has launched ProverNet, a Decentralized Physical Infrastructure (DePIN) marketplace for sourcing ZK-proofs. The platform allows applications to access computational capacity and providers to monetize hardware. ProverNet uses a continuous auction system and currently settles payments in USDC, with plans to transition to its native BREV token. The marketplace addresses the intensive nature of ZK-proof computation by providing shared infrastructure, building on Brevis's experience with over 250 million proofs and partnerships with Uniswap, MetaMask, Linea, PancakeSwap, and BNB Chain.