Bitcoin Faces Extended Declines After U.S. Presidential Comments

Exodus has launched 'Exodus Pay,' enabling users to spend BTC directly from their self-custodial wallet. The update aims to make holding and spending Bitcoin more seamless without moving funds to custodial services.

Japan’s cabinet has reclassified cryptocurrencies as financial instruments and will introduce bans on insider trading plus annual disclosure requirements for token issuers. The measures aim to strengthen investor protection and bring crypto closer to regulated markets.

Cango offloaded 2,000 BTC in a strategic deleveraging as the global Bitcoin hashrate fell about 17%, raising questions over whether this signals a buying opportunity or a warning. The move coincides with miners reallocating capital toward AI hardware, adding near-term sell pressure to BTC markets.

Morgan Stanley launched the MSBT Bitcoin ETF with a 0.14% fee, undercutting BlackRock’s IBIT and intensifying an issuer fee war. The move could shift investor flows and compress margins across the digital-asset ETF market.

The U.S. Department of the Treasury will allow cryptocurrency companies to enroll in a program that delivers timely cybersecurity threat and hacker warning alerts, enabling faster information-sharing with federal authorities.