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Veteran trader Peter Brandt predicts that Bitcoin could reach $250,000 by the end of 2029, but this would require a prolonged bottoming process that could last until September or October 2026. His view is based on the historical pattern of Bitcoin's four-year halving cycle, where bull markets typically peak 16 to 18 months after a halving and bottom out about a year later. Brandt's view differs from analysts who believe the bear market ended in February of this year; he stated that he will adjust his predictions if Bitcoin's price action deviates from historical patterns.๐Ÿ˜ณ๐Ÿ˜ณ๐Ÿ˜ณ
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According to Cryptopolitan, a Barcelona court is investigating six former Sevilla FC players for alleged involvement in a Shirtum cryptocurrency project fraud. The lawsuit alleges that the project caused investors to lose over โ‚ฌ24 million (approximately $28 million) through the sale of fake NFTs and manipulation of tokens. The players involved include Papu Gรณmez, Lucas Ocampos, Ivan Rakitiฤ‡, Nico Pareja, Alberto Moreno, and Javier Saviola.๐Ÿ˜ฑ๐Ÿ˜ฑ๐Ÿ˜ฑ
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Nasdaq President Tal Cohen stated that the SEC's constructive attitude has given market operators more freedom to experiment with blockchain infrastructure and tokenized assets. Cohen said Nasdaq is investing in "always-on" market infrastructure, tokenization, and artificial intelligence, and is committed to integrating traditional financial and digital asset systems. He pointed out that interoperability between traditional and digital platforms is a key challenge, and revealed that Nasdaq is testing AI-based matching engine simulations to handle stress scenarios and support longer trading hours.๐Ÿ˜ณ๐Ÿ˜ณ๐Ÿ˜ณ
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According to Bits.media, the State Duma's Committee on State Construction and Legislation has recommended the first reading of a bill on criminal liability for illegal cryptocurrency mining. The bill proposes adding Article 171.6 to the Criminal Code, targeting unregistered mining and unlicensed mining services, with penalties including fines, forced labor, imprisonment, and confiscation of cryptocurrency. Those whose income or loss exceeds 3.5 million rubles will face a maximum fine of 1.5 million rubles or two years' worth of income; those involved in organized crime or whose income exceeds 13 million rubles will face a maximum fine of 2.5 million rubles or three years' worth of income, and may also be sentenced to up to five years' imprisonment and additional fines.๐Ÿ˜ณ๐Ÿ˜ณ๐Ÿ˜ณ
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According to SlowMist, its MistEye system detected a fake TronLink Chrome MV3 extension that is launching phishing attacks against TRON wallet users. This extension tricks users into entering sensitive information such as mnemonic phrases and distributes it via a Telegram bot. The infrastructure involved includes tronfind-api[.]tronfindexplorer[.]com and trx-scan-explorer[.]org, with the extension ID ekjidonhjmneoompmjbjofpjmhklpjdd. SlowMist recommends that users uninstall the extension and migrate their assets.๐Ÿ˜ณ๐Ÿ˜ณ๐Ÿ˜ณ
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According to AiCoin monitoring, a large amount of funds flowed out of the US spot BTC ETF market yesterday, with a net outflow of $233 million. The largest outflow was from FBTC, with a net outflow of $86.1 million; followed by ARKB, with $85.1 million. AiCoin's "Spot BTC ETF Tracking" live trading strategy shows a significant positive correlation between ETF fund inflows and BTC prices. Users can subscribe to indicators to enable the program to automatically place orders based on fund flows.๐Ÿ˜ฑ๐Ÿ˜ฑ๐Ÿ˜ฑ
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