Bitcoin price remains stuck below $72,000, as investor distribution, low whale activity, and declining network growth cast doubt on BTC's short term prospects. Bitcoin (BTC) price struggled to break above $72,000, as several key onchain metrics highlighted weakening demand for BTC, casting doubts on its upside potential. Key takeaways: Bitcoin investors shift to distribution as whales and smaller cohorts aggressively sell under weak market conditions. Read more
Why Argentina is blocking Polymarket despite global growth, focusing on gambling laws, user protection concerns and regulatory pressure on prediction markets. Argentina’s nationwide ban on Polymarket shows that rapid global growth does not shield platforms from local regulation, especially when their core activity resembles unlicensed gambling. Authorities applied an “economic reality” approach, focusing on user behavior rather than the technology, and concluded that staking money on uncertain outcomes aligns with traditional definitions of gambling. Weak identity and age verification measures were a major concern, with regulators highlighting the risks of underage participation and inadequate user safeguards as justification for enforcement. Read more