US Treasury Secretary Scott Bessent told Congress that the United States will not mandate private banks to buy Bitcoin during market downturns or to bail out the cryptocurrency.

U.S. Treasury Secretary Scott Bessent told Congress that private banks will not be mandated to buy Bitcoin during market downturns or to "rescue Bitcoin." cointelegraph

Bloomberg: The debate over stablecoins continues to stall the passage of a bill designed to regulate the cryptocurrency market. In efforts to move forward, crypto firms have proposed compromises to banking institutions, including depositing some stablecoin reserves in local banks and enabling banks to issue their own stablecoins via partnerships. Despite these efforts, no consensus has been reached.

The CFTC has withdrawn its proposal from the Biden administration to ban sports and political prediction markets. cointelegraph

All Bitcoin analysts are currently expressing a bearish outlook.

CEO CQ: Currently, all Bitcoin analysts are expressing a bearish outlook.

SBI Holdings Launches L1 Concept for Tokenized Shares in Collaboration with Startale Group

TRX Tron reaches milestone with 100 million active addresses monthly.

Yesterday, spot Bitcoin ETFs experienced a net outflow of approximately $544.9 million, while spot Ethereum ETFs saw a net outflow of around $79.4 million.

Garrett Jean (BTC OG/1011short) has initiated ETH repurchases. He recently withdrew 80,000 ETH, valued at approximately $167.8 million, from Binance.

Garrett Jean (BTC OG/1011short) has started repurchasing ETH. He recently withdrew 80,000 ETH, valued at $167.8 million, from Binance.

L1 vs L2: The Most Significant Launches of 2025

L1 vs L2: the most significant launches of 2025.

Andrey Grachev comments that the market is approaching its bottom, with approximately 15% volatility around the current Bitcoin price. While noting fluctuations are possible, he suggests this could result in increased capital inflows. Behind the scenes, mergers and acquisitions are ongoing, with several projects and companies being acquired. Some revenue-generating firms are preparing to go public, driven by the belief that cryptocurrency's long-term growth is inevitable.

Andrey Grachev predicts the cryptocurrency market is approaching its bottom, with potential volatility of approximately 15% around current Bitcoin prices. While upward movement is not guaranteed, he suggests this environment could attract increased capital inflows. Additionally, merger and acquisition activity is reportedly active, with several projects and companies being acquired. Some revenue-generating firms are considering initial public offerings, reflecting a long-term outlook on cryptocurrency growth.

Bitcoin's fear and greed index drops to 14, signaling extreme fear in the market.

The Bitcoin fear and greed index has dropped to 14, signaling extreme fear among investors.

YALA declined 27%, while RVV fell 22% following their removal from Binance Futures.

YALA declined 27% and RVV fell 22% following their removal from Binance Futures.

For detailed charts, visit the RVV chart here and the YALA chart here.

The capitulation rate for Bitcoin experienced its second-largest increase in two years, according to Glassnode, signaling a substantial rise in forced selling. Such conditions typically prompt increased risk management measures and heighten market volatility as investors reassess their positions.

Ether ETHZilla Treasury enters real estate tokenization through a $4.7 million loan agreement. coindesk.com