Bloomberg Strategist Warns 'Peak Bitcoin?' Echoes 1929 Great Depression

Bitcoin dropped roughly 5% after about $2 billion in institutional sell orders hit the market, sparking widespread liquidations and sharp intraday volatility. Derivatives desks saw elevated long liquidations and spiking funding rates.

Nexo has signed a multi-year sponsorship agreement with the Australian Open as cryptocurrency brands re-emerge in global sports. The move boosts Nexo's mainstream visibility amid a wider return of crypto sponsorships to major events.

The Financial Stability Oversight Council removed digital assets from its list of financial stability vulnerabilities in its 2025 annual report, signaling a lower systemic risk assessment for crypto.

India's financial crime agency raided operations tied to a suspected $275 million crypto MLM accused of siphoning billions of rupees from investors across northern states. Authorities say the action is part of a widening money‑laundering probe that could lead to arrests and asset freezes.

PayPal has submitted an application to become a U.S.-chartered bank under the name “PayPal Bank.” The move places the payments giant alongside crypto companies pursuing bank charters to deepen their regulated financial services.