Bitcoin(BTC)

Swan Bitcoin is suing ex-staff for allegedly stealing proprietary code to start their own mining venture in a scheme called "rain and hellfire." These ex-executives persuaded Tether to sever ties with Swan, increasing competition in the cryptocurrency market. Swan is now seeking legal action to recover stolen assets and confidential information.

Ki Young Ju, founder of CryptoQuant, said that Chinese mining pools control 55% of the Bitcoin network hash rate, but the cryptocurrency media believes that the claim of dominance is a key misunderstanding.

China's central bank announced a number of stimulus measures this week, creating liquidity conditions that analysts believe will help boost bitcoin prices.

China announced a "policy bazooka" on Tuesday, introducing measures to boost its economy, including cuts to mortgage rates, the reserve requirement ratio, and new stock market support tools. The key question: will this stimulus boost crypto or push interest towards cheaper fiat currencies?

Robert Kiyosaki warns of a financial crisis influenced by AI, urging investment in Bitcoin and silver. He predicts Bitcoin could reach $1 million by 2030, advocating for safe haven assets.

Vice President Harris promotes Bitcoin adoption while Mark Cuban eyes the SEC chairmanship, criticising Gary Gensler’s leadership. DeFi legislation and upcoming elections will influence U.S. cryptocurrency policy.

China’s aggressive stimulus package may stimulate global liquidity, but the country’s ongoing ban on cryptocurrency trading limits its direct impact on Bitcoin and other digital assets. While some crypto investors remain hopeful that the influx of liquidity will ultimately benefit Bitcoin’s price, significant gains have yet to materialize. With global markets closely watching both China’s economic recovery efforts and the crypto industry’s resilience, the next few months could prove pivotal for both sectors.

China has shown great resilience, controlling more than 55% of Bitcoin mining despite ban.

The Fed’s 50 basis point rate cut sparked a 5.2% Bitcoin surge, while China’s easing had little impact. U.S. monetary policy continues to drive crypto markets.

Congress has taken a firm stance against the SEC’s SAB 121, citing concerns over its conflicting standards and lack of public consultation. The rule’s classification of digital assets as liabilities on banks’ balance sheets has caused confusion and backlash, with lawmakers pushing for its reversal. As the SEC works to navigate these challenges, the debate continues over how best to regulate cryptocurrencies in the financial sector.