🚀 Bitcoin $BTC Targets \$200K Amid Institutional Surge
Bitcoin $BTC is currently trading around \$104,803, buoyed by expectations of U.S. interest rate cuts and increased institutional investment. Anthony Scaramucci, founder of SkyBridge Capital, forecasts $BTC could reach \$180,000–\$200,000 by year-end, citing growing global adoption and ETF-driven demand. 
🏛️ Regulatory Developments: U.S. and U.K. Take Action
🇺🇸 U.S. Advances Stablecoin Legislation
The U.S. Senate is progressing on the GENIUS Act, aiming to regulate stablecoins by requiring issuers to hold liquid reserves and comply with anti-money laundering laws. The bill also seeks to restrict non-financial firms from issuing stablecoins without special approval. 
🇬🇧 U.K. Targets Crypto Tax Compliance
Starting January 1, 2026, HMRC will mandate crypto platforms to collect personal information from users to ensure accurate tax reporting. Non-compliance could result in fines up to £300 per user. 
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🌐 Binance Square Enhancements
Binance Square has introduced 'Trader Profiles,' allowing experienced traders to share insights and earn credibility badges. This feature aims to foster a knowledgeable trading community by highlighting reliable trading patterns and strategies. 
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🇵🇰 Pakistan Embraces Crypto Innovation
Changpeng Zhao (CZ), founder of Binance, has been appointed as a strategic adviser to Pakistan's newly established Crypto Council. This move signifies Pakistan's commitment to integrating blockchain technology into its financial infrastructure. 
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Stay tuned to Binance Square for more updates and insights