Paxos acquires New York-based cryptocurrency wallet startup Fordefi for over $100 million. More details can be found here.

Bitcoin remains below the realized price for short-term holders, according to Glassnode, while remaining well above deeper realized levels, indicating a neutral market stance. A rebound within these levels could signal the first significant sign of a structural recovery.

The Bank of Russia has lifted restrictions on qualified investors concerning investments in settlement instruments tied to cryptocurrencies through mutual investment funds.

Anchorage Digital prepares to launch rewards program for USDtb and USDe token holders. The initiative will not offer direct returns to comply with U.S. stablecoin regulations, according to a Coindesk report.

Market sentiment remains cautious despite a brief rally earlier this week. The cryptocurrency market continues to record substantial losses among short- and medium-term investors. Recent analytics show that wallets active within the past 30 days are currently in the red: Cardano (-19.2%), ChainLink (-13.0%), Ethereum (-6.3%), Bitcoin (-6.1%), and Ripple (-4.7%).

Market sentiment remains cautious despite a recent rebound this week. The cryptocurrency market continues to face significant losses among short- and medium-term holders. According to recent data, wallets active in the past 30 days show the following average profitability: Cardano (ADA) at -19.2%, indicating substantial undervaluation; ChainLink (LINK) at -13.0%, reflecting serious undervaluation; Ethereum (ETH) at -6.3%, suggesting moderate undervaluation; Bitcoin (BTC) at -6.1%, also indicating moderate undervaluation; and Ripple (XRP) at -4.7%, showing slight undervaluation.

Today's Summary and Tomorrow's Events - https://t.me/bingx1/2147483647

Texas Launches Bitcoin Strategic Reserve Program with $5 Million Acquisition

Franklin Templeton has filed a Form 8-A with the SEC for the Franklin Solana ETF, a move generally made prior to the ETF's official launch.

Franklin Templeton has filed a Form 8-A with the SEC for the Franklin Solana ETF, a step usually preceding the fund’s official launch.

U.S. Bancorp, the fifth-largest bank in the United States, is testing a stablecoin platform on the Stellar network.

Skale to Launch L3 SKALE on Base Targeting Agent Workloads

Skale is set to introduce L3 SKALE on Base, tailored specifically for agent workloads. The initiative will focus on the x402 payment protocol, developed by Coinbase for AI applications.

Robinhood and hedge fund Susquehanna International Group are acquiring a majority stake in MIAXdx, a US derivatives exchange previously owned by FTX and now operated by Miami International Holdings.

Strategy: If Bitcoin declines to $74,000, the firm will maintain assets worth 5.9 times its convertible debt, as measured by its BTC Rating. Should Bitcoin fall to $25,000, this ratio will decrease to 2.0 times.

Strategy: If Bitcoin falls to $74,000, assets will remain 5.9 times the value of convertible debt, based on the company's BTC Rating. A decline to $25,000 would reduce this ratio to 2.0 times.

Ark Invest purchased $13.5 million in Block Inc shares, $7.6 million in Circle Internet Group, and $3.86 million in Coinbase on Tuesday.

The South African Reserve Bank has classified cryptocurrencies and stablecoins as emerging financial risks. Read more in Bloomberg.

The South African Reserve Bank has classified cryptocurrencies and stablecoins as emerging financial risks. You can read more about it in this article from Bloomberg.

Yesterday, spot Bitcoin ETFs saw net inflows of approximately $128.7 million, while spot Ethereum ETFs attracted around $78.6 million in net inflows.

Yesterday, net inflows into spot Bitcoin ETFs totaled approximately $128.7 million, while spot Ethereum ETFs saw combined inflows of around $78.6 million.

JPMorgan Chase has closed both the corporate and personal accounts of Huston Morgan, the CEO of ShapeShift, a cryptocurrency platform.