How a battle with bankers tarnished crypto's market structure bill near the finish line

Bitcoin climbed above $96,000 for the first time since November, triggering over $500 million in liquidations as altcoins outperformed and traders rushed to cover bearish bets.

Upon completion, the combined firm would hold nearly 13,000 BTC, surpassing the holdings of Tesla and Trump Media & Technology Group.

The largest cryptocurrency is now facing a key "resistance" zone at $93,500-$95,000, which has capped its price for nearly two months.

Bitcoin options open interest continues to outpace futures, marking a move away from leverage-driven speculation toward volatility and risk-management strategies.

The study suggests that Ethereum's role in financial systems makes its token economics a concern for regulators, who may need to consider safeguards for its use in regulated finance.

The crypto market data firm has hired investment bank Moelis, as dealmaking across the sector accelerates.