Bitwise

$BTC $XRP $TON
🗞️ Trending Crypto News Now:
• U.S. DOJ Seizes Record $225 Million in Crypto: Federal law enforcement filed to seize more than $225 million associated with crypto investment frauds—representing the highest U.S. Secret Service crypto seizure to date. The money is attributed to "pig butchering" bogus investment schemes against American victims.
• Trump Calls for Fast-Track for Stablecoin Regulation: Former President Trump is urging lawmakers to promptly pass and send the GENIUS stablecoin bill to his desk "ASAP." He promotes it as essential for U.S. leadership in digital assets.
• Iran's Nobitex Hit by $90 M Pro-Israel Hack: Iran's Nobitex exchange lost more than $90 million in crypto after a politically driven hack by group "Predatory Sparrow." The stolen funds, according to reports, were "burned" and inaccessible.
• XRP in Long-Term Consolidation: Analysts Eye Potential Breakout: XRP's been consolidating for almost 200 days. Some bullish estimates predict it might spike as high as $3.70 and possibly as high as $25, although analysts also see lower possibilities—a traditional high-risk, high-reward situation.
• Toncoin (TON) Down 3.1%, Testing Recovery Zone: Toncoin fell around 3.1%, falling below important support at around $2.92. But buying pressure at $2.87 could shore it up, with upside resistance at $2.99.
🧭 Market Snapshot & Context:
• Wider crypto markets remain stressed against macro headwinds of Middle East geopolitical tensions, higher oil prices, reg lag, and liquidations. Overall market cap decreased around 6% to ~$3.35 trillion.
• Upside is seen in strong flows into Bitcoin ETFs—Bitwise alone processed $83 million last week—and increasing institutional appetite as the GENIUS Act approaches Senate passage.
📈 What to Watch Today:
• Stablecoin regulation development and House vote timing—can have a substantial impact on regulatory clarity.
• Hack fallout at Nobitex: explore asset retrieval, possible ripple effects at Middle East-related exchanges.
• Altcoin volatility: Monitor XRP for any breakout of its long range; TON for bounce from recovery or deepening dip.