Global

In the past two days, institutional investors have ceased their accumulation of stablecoins, leading to a notable decline in Bitcoin's price. As of 08:03 am UTC on August 12, Bitcoin (BTC) has dropped 3.9% to $58,930, falling from a weekly high of $62,510 and slipping below the $60,000 mark.

Binance, one of the globe's leading cryptocurrency exchanges, has announced the delisting of six altcoins, causing significant turbulence in the crypto market. The affected tokens—PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX)—saw their values plummet by double digits following the announcement.

As Web3 games gain momentum, OKX is leading the charge with the launch of OKX GameSphere, a platform designed to support the crypto gaming ecosystem. This new initiative aims to fill the void left by traditional platforms like Steam, which, despite its success in the Web2 era, has yet to integrate Web3 elements such as NFTs and cryptocurrencies.

Recently, analyst Franzen has closely examined Bitcoin's price action, particularly focusing on its 200-day moving average (MA), a key long-term indicator that has played a significant role in evaluating market trends since late 2022.

Morgan Stanley, the largest wealth manager in the United States, could be in hot water with regulators following its decision to allow financial advisers to promote Bitcoin exchange-traded funds (ETFs) to high-net-worth clients.

The cryptocurrency market is poised for significant volatility this week, with two major developments on the horizon: the release of the US Consumer Price Index (CPI) data and over $230 million in token unlocks.

In recent comments, former Bank of Japan (BOJ) board member Makoto Sakurai suggested that the central bank would likely postpone any additional interest rate hikes until next year, signaling a preference for market stability in the near term.

Malaysia Blockchain Week showcased the country's commitment to becoming a regional blockchain leader, highlighting the technology's potential to transform industries.

Samson Mow, CEO of JAN3 and a well-known Bitcoin advocate, has recently raised alarms about the security of Bitcoin stored in cold wallets. Despite cold storage being regarded as a secure method to protect cryptocurrency from online threats, Mow warns that even these solutions might be vulnerable. He suggests that Bitcoin holders should ensure their private keys are not easily accessible, even by themselves.

The U.S. Internal Revenue Service (IRS) has introduced a new draft of Form 1099-DA, aiming to streamline the reporting process for digital asset transactions. This revision marks a significant shift from earlier drafts, addressing privacy concerns and simplifying tax compliance for investors in the growing digital asset market.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) each encountered significant resistance levels over the weekend, leading to declines that suggest potential continuation of downward trends in the coming days. Here’s a closer look at the technical analysis and current market conditions for these major cryptocurrencies.

Thailand’s Securities and Exchange Commission (SEC) has officially launched a new regulatory sandbox aimed at advancing cryptocurrency innovations while balancing regulatory oversight.