Bitcoin bulls may face a reality check as the cryptocurrency shows signs of a bear market rally similar to 2022. After rising 21% since November 21, Bitcoin has reached around $97,900, but analysts warn that this rebound may not indicate a lasting recovery. The digital asset remains below its 365-day moving average, a key indicator for long-term trends, putting the cryptocurrency at risk of another bear market in 2026. Research from onchain analytics platform CryptoQuant highlights that Bitcoin’s current price action mirrors 2022, when a 19% decline below the 365-day moving average triggered a bear market before a temporary rally.…
Author: Bitxjournal Team
Crypto market structure legislation is moving closer to a decision point, even as divisions deepen across the industry. Galaxy CEO Michael Novogratz has publicly backed advancing the bill, arguing that progress matters more than perfection as lawmakers attempt to finalize a sweeping regulatory framework in early 2026. Speaking in a CNBC interview, Novogratz said the industry should accept compromise to ensure momentum. He emphasized that passing legislation now would allow the sector to grow, adding that flaws could be addressed later. His comments come as Democratic staff from the Senate Agriculture and Banking Committees prepare to hold discussions with crypto…
The proposed Digital Asset Market Clarity (CLARITY) Act is emerging as a pivotal discussion point in the U.S. crypto ecosystem, focusing on who controls yield in onchain US dollar markets. With stablecoin rewards and DeFi incentives at stake, the legislation is drawing sharp divides between decentralized platforms and traditional banking incumbents. Recent drafts of the CLARITY Act tighten regulations around how stablecoin rewards can be offered, raising concerns among DeFi platforms and stablecoin issuers. Critics warn that overly restrictive rules could push onchain dollar yield offshore rather than fostering a safer, compliant U.S. market. Industry leaders argue that while demand…
The structure of revenue generation across the Web3 ecosystem is changing. Recent data shows that user-facing decentralized applications are now capturing a significantly larger share of industry fees than the underlying blockchain networks, pointing to a potential shift in where long-term value is being created. According to recent market data decentralized finance applications now generate nearly five times more fees than base-layer blockchains. This marks a clear change from mid-2024, when revenues between networks and applications were closer to parity. The growing dominance of wallets, decentralized exchanges, and other DeFi protocols highlights how value is moving closer to the end…
BitMine Immersion Technologies has taken a notable step beyond its core crypto-focused treasury strategy with a $200 million investment in Beast Industries, the consumer and media company associated with MrBeast. Analysts view the move as a calculated effort to diversify revenue potential while maintaining exposure to digital assets. The investment is seen as adding non-crypto optionality to BitMine’s balance sheet, which has been largely centered on ether accumulation and staking. By allocating capital into a fast-growing consumer media platform, BitMine positions itself as a more flexible capital allocator rather than a company solely dependent on crypto market cycles. This partnership…
A major shift in institutional thinking around digital assets is emerging as concerns over quantum computing risks move from theory into portfolio decisions. A leading strategist at Jefferies has removed Bitcoin entirely from a long-standing model portfolio, signaling growing unease among long-term investors about the cryptocurrency’s future resilience. Christopher Wood, the strategist behind Jefferies’ widely followed “Greed & Fear” framework, has cut a 10% Bitcoin allocation to zero, reallocating that exposure into physical gold and gold mining equities. The decision reflects fears that rapid progress in quantum computing could eventually threaten the cryptographic foundations that secure Bitcoin wallets and transactions.…
Belarus has taken a significant step toward formalizing digital finance by introducing a legal framework for cryptobanks, integrating crypto activity directly into the country’s regulated banking system. The move follows a new presidential decree signed on January 16, reinforcing state oversight while allowing controlled innovation in token-based financial services. Cryptobanks Integrated Into the Banking System Under the new rules, cryptobanks will operate as joint-stock companies authorized to combine token-related operations with traditional banking, payments, and financial services. Rather than creating a separate crypto sector, Belarus has chosen to embed digital asset activity within existing financial infrastructure. To operate legally, cryptobanks…
Recent comments from U.S. President Donald Trump have intensified attention on prediction markets and potential information leaks, after several Polymarket accounts linked to early wagers on Venezuela abruptly went inactive. In remarks made at the White House, Trump stated that the “leaker on Venezuela has been found and is in jail”, without providing further details. While no direct reference was made to betting platforms, the timing of the statement has fueled speculation about unusual trading activity tied to political outcomes. Polymarket Wallet Activity Raises Questions Blockchain analysts observed that multiple Polymarket accounts which profited from bets on Venezuelan President Nicolás…
South Korea has taken a major step toward regulating blockchain-based finance by approving a legal framework for tokenized securities. The recent amendments to the Capital Markets Act and Electronic Securities Act set the stage for regulated issuance and trading of digital securities, signaling growing government support for blockchain innovation in finance. Tokenized Securities Legislation The National Assembly passed amendments allowing qualified issuers to issue tokenized securities using distributed ledger technology. These products can now be traded through brokerages and other intermediaries, integrating blockchain into traditional financial infrastructure. The amendments cover all types of securities, including debt, equity, and non-standardized investment…
Federal court has sentenced Utah resident to three years in prison for running a long-running fraud scheme and an unlicensed cash-to-cryptocurrency operation that moved millions of dollars for criminal clients. The case underscores growing regulatory scrutiny as crypto-related financial crime expands. Fraud Scheme and Investor Losses Between December 2017 and April 2024, the defendant defrauded at least 17 investors, falsely claiming professional experience and the ability to generate high, consistent returns. Prosecutors said these misrepresentations led to more than $2.9 million in investor losses, affecting individuals, families, and financial institutions. The court ordered over $3.8 million in restitution, covering victims…