📉 Market Snapshot: Bitcoin Faces Resistance, Ethereum Gains
Bitcoin (BTC) dipped below $108,000 today, trading at approximately $107,733, down 1.19% over the past 24 hours. This decline is attributed to a combination of macroeconomic factors and profit-taking after recent highs. Despite the drop, institutional interest remains strong, with Bitcoin ETFs recording $432.7 million in inflows yesterday .
In contrast, Ethereum (ETH) has shown resilience, rising 3.14% to $2,724. This uptick is linked to SharpLink Gaming's announcement of a $425 million Ethereum treasury reserve, with Ethereum co-founder Joseph Lubin joining as chairman .
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🇵🇰 Pakistan's Strategic Bitcoin Reserve Initiative
Pakistan has unveiled its first government-backed Strategic Bitcoin Reserve, aiming to position the country as a significant player in the crypto economy. The initiative includes allocating 2,000 megawatts of surplus electricity for Bitcoin mining and AI data centers .
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🇺🇸 U.S. Establishes Strategic Bitcoin Reserve
President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve, utilizing forfeited Bitcoin assets held by the U.S. Treasury. The reserve aims to solidify the U.S.'s position in the global crypto landscape .
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🧠 Reddio Launches AI-Native Token on Binance
Reddio, a GPU-accelerated, AI-native blockchain platform, has launched its native token, RDO, through a Binance Exclusive Token Generation Event. The platform aims to enhance Web3 scalability for AI and compute-intensive decentralized applications .
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⚠️ Rise in Crypto-Related Crimes
Authorities report an increase in violent crimes linked to cryptocurrency, including kidnappings and assaults aimed at extracting digital assets from victims. The anonymity and high value of cryptocurrencies make them att
ractive targets for criminals .