Key Developments:
Institutional Movements:
Market Sentiment: Major cryptocurrencies, including Bitcoin, experienced a pullback of over 5% after reaching three-month highs, attributed to profit-taking and market corrections.
Regulatory Landscape: A new Senate draft on stablecoin regulation has been released, which does not target Trump's crypto initiatives but adjusts approaches to big-tech involvement in digital assets.
Corporate Adoption: Brazilian fintech company Méliuz has received shareholder approval to become the country's first Bitcoin treasury company, reflecting growing corporate interest in BTC.
