Crypto markets are buzzing with tension and anticipation this week. Coinbase’s recent $400 million cyberattack has shaken user trust, raising questions about platform security. Meanwhile, the U.S. is pushing forward the GENIUS Act to tighten stablecoin regulation, triggering debate due to Trump’s ties to a related coin. Across the Atlantic, the UK’s HMRC now demands stricter crypto tax disclosures, hinting at global regulatory tightening. JPMorgan’s move to offer Bitcoin access, despite CEO Jamie Dimon’s criticism, shows growing institutional interest. Bitcoin itself saw a rollercoaster weekend, touching $106K before dipping to $103K, fueled by short liquidations. All eyes are on whether the regulatory storm or institutional adoption will steer the market’s direction. The debate is just heating up.
