Crypto Weekly Recap: Volatility, Big Bets, and Regulatory Shakeups
The past week in crypto was anything but quiet. Bitcoin took a hard hit, dropping below $84,000 after a massive $115 billion sell-off wiped out recent gains. Ethereum followed suit, weakening further against Bitcoin and reaching a five-year low in that ratio. Market watchers point to broader economic uncertainty as the main driver but look at it now $BTC
Meanwhile, GameStop made headlines by announcing its investment in Bitcoin. Despite reporting a 28% drop in quarterly revenue, the stock jumped 12% after the crypto news. It's the latest example of a traditional company turning to digital assets in search of new momentum.
Regulation was also in the spotlight. The FDIC made a surprising move by pulling back guidance that previously required banks to get approval before dealing with crypto. This opens the door for more traditional financial institutions to re-enter the space.
At the same time, political drama unfolded. President Trump pardoned the founders of crypto exchange BitMEX, raising eyebrows about selective enforcement. On top of that, concerns are growing over his family's crypto firm, which is preparing to launch a stablecoin called USD1. Lawmakers are pressing for transparency to ensure there’s no regulatory favoritism.
Lastly, a disturbing trend emerged: crypto millionaires are increasingly being targeted in violent crimes. Influencer Amouranth was recently attacked in a home invasion where assailants demanded access to her crypto holdings. It’s a grim reminder that as digital wealth grows, so do real-world risks.
Crypto remains a fast-moving, high-stakes space where innovation, politics, and security are constantly intersecting. Stay sharp—things change quickly here.
