Bitcoin Bulls Encounter $120 Million Resistance at $104,800 and $105,000 Amid Stair-step Uptrend

Méliuz, a Brazilian fintech company, recently transformed into the first Bitcoin treasury company in South America by purchasing over $28 million worth of Bitcoin. This move caused its stock to surge by 26%, following the footsteps of other companies like MicroStrategy.

Basel Medical Group, a publicly traded healthcare company, is in talks for a $1 billion Bitcoin investment to strengthen its balance sheet. The CEO stated this move would support their growth strategy in Asia while maintaining financial stability.

Nyan Heroes, a Solana cat-themed hero shooter game, is closing due to funding issues despite attracting over one million players and planning a full game launch. The closure has negatively impacted the NYAN token, now down nearly 40% in value over the last day.

Christy Goldsmith Romero, a CFTC commissioner, will leave the agency at the end of the month. She highlighted the growth and stability of derivatives markets during her tenure, emphasizing the importance of reports and forums on finance issues.

World Liberty Financial's USD1 stablecoin, backed by U.S. Treasuries and fiat reserves, has integrated with Chainlink's CCIP to operate across multiple blockchains. The stablecoin, reaching $2 billion in market capitalization, was recently used as part of a $2 billion investment into crypto exchange Binance. Chainlink's infrastructure provides security for cross-chain movement.

Steak ‘n Shake has officially integrated Bitcoin payments via the Lightning Network, allowing customers to pay for meals with BTC at their locations across the United States. This move signifies a significant step in mainstream Bitcoin adoption, with the chain serving over 100 million customers annually.

World Liberty Financial, linked to President Donald Trump, defended itself against U.S. Senator Richard Blumenthal's scrutiny. In a letter, the company's lawyers said the firm is committed to building transparent financial infrastructure rooted in American values.

Heritage Distilling Holding Company, Inc. announced its decision to accept Bitcoin as payment and hold it as a strategic asset under a newly approved cryptocurrency treasury reserve policy. The move, part of a broader sales and treasury diversification strategy, positions Heritage as a pioneer in the craft spirits sector for integrating Bitcoin into its operations.

A South Korean woman in her 40s has been sentenced to two years in prison for embezzling $500,000 in crypto and cash from her sleeping boyfriend. Despite returning most of the funds, the court found her guilty due to her prior fraud convictions.

An Argentinian judge has ordered the lifting of bank secrecy for Javier Milei and his sister, Karina, in connection to a case involving the president and "crypto bros" linked to LIBRA. The judge also froze the assets of three individuals connected to LIBRA earlier this week.