President Trump's Solana Meme Coin Just Skyrocketed—Here's Why

A proposal known as BIP-110, aiming to restrict non-monetary data in Bitcoin transactions, has caused a governance clash within the community. Critics warn of potential harm to Bitcoin's credibility and the risk of a blockchain split due to differing opinions on the proposal's necessity.

Labour MP Rushanara Ali and other British MPs are advocating for a ban on cryptocurrency donations in politics due to concerns about foreign interference and circumvention of donation laws. Advocacy groups like the UK Anti-Corruption Coalition and Spotlight on Corruption support this call for regulation.

Last week, Bitcoin and other crypto exchange-traded products attracted $1 billion in funds, offsetting previous losses. CoinShares reported a $4 billion decline in crypto funds over the past five weeks, but signs show institutional investors are still interested in crypto exposure.

BitMine Immersion Technologies has accumulated over 4.4 million ETH, valued at $9 billion, with plans to stake more than 3 million ETH for potential annual revenues of $253 million. Despite unrealized losses, chairman Tom Lee remains optimistic about Ethereum's future utility and role in finance.

Strategy recently purchased $200 million worth of Bitcoin, bringing its total holdings to about 720,750 Bitcoin valued at $49.5 billion. Despite an unrealized loss of $5.3 billion, the company's stock price rose by nearly 6% to $137. Strategy has raised funds through preferred shares and dividends to support its Bitcoin acquisitions.

Chinese banks are freezing accounts if the memo field of a transfer contains terms like "Dogecoin" or "USDT," leaving individuals with limited options to unfreeze their money due to strict regulations.

The Turkish ruling AK Party has proposed an economic bill in parliament to formalize crypto taxation and amend tax laws for cryptocurrencies. The bill includes a 10% withholding tax on gains, a 0.03% transaction tax for service providers, and tax checks for brokers based on their records.

South Korean tax authorities accidentally revealed seed phrases in a photo, resulting in the loss of $4.8 million in seized crypto. This incident follows a previous case where authorities lost 22 BTC due to mishandling sensitive information.

Altcoins like Near Protocol, Polkadot, and Jupiter have surged in value, outperforming Bitcoin as traders shift towards higher-risk assets. This trend is driven by technical factors rather than a fundamental change in the market structure, experts say.

Arthur Hayes argues that U.S.-Israeli war on Iran historically boosts Bitcoin's price due to Federal Reserve printing more money. He predicts Bitcoin's price will surge after Fed cuts rates to support government goals in Iran.