Several analysts forecast Bitcoin extending its bear market into late 2026, with potential cycle lows of $30,000 to $45,000 backed by rising exchange reserves. Bitcoin (BTC) sellers returned on Friday, pulling BTC price 5.5% below Wednesday’s high of $70,000 to trade at $65,950 at the time of writing. Several analysts said Bitcoin is “going much lower,” potentially reaching a bottom during the last quarter of 2026. Key takeaways: Analysts forecast BTC price to hit a bottom in Q4 based on various technical and onchain metrics. Read more
Bitcoin struggled to breach $70,000 this month, while inflation rates decreased in Japan and some countries reevaluated crypto tax codes. The taxman cometh. In February, the tax authorities of four countries began to reconsider how they tax crypto. In the US, the number of crypto ATMs hit nearly 40,000, returning to 2021 levels of interest in crypto kiosks. The number of installations had dipped significantly after the crypto crash of 2022. Japan’s inflation dipped below 2% in February, less than in the United States. Berkshire Hathaway CEO Warren Buffett said earlier this year that dollar investments were looking less attractive as the yen is providing a more stable currency. Read more
Hotter US PPI inflation data boosted precious metals but punished Bitcoin bulls, with BTC price downside nearing 3% on the day. Bitcoin (BTC) slid further into Friday’s Wall Street open as US inflation data overshot expectations. Key points: Bitcoin price downside strengthens as US inflation data comes in hot. Read more
South Korea’s National Tax Service reportedly published a wallet seed phrase in a press release, and tokens worth $4.8 million were swiftly drained in the latest custody blunder for the authorities. South Korea’s National Tax Service (NTS) accidentally exposed a crypto wallet seed phrase in an official press release on Thursday, leading to a loss of 4 million PRTG (Pre‑Retogeum) tokens worth about $4.8 million from the address, according to local media reports. According to multiple Korean media reports on local sites Naver, Chosun and others, the press release related to the National Tax Service’s enforcement campaign against tax delinquents and seizures that the authorities had carried out. The release reportedly included an image of a Ledger cold wallet and a sheet of paper showing the wallet’s full mnemonic phrase without any blur or masking. Blockchain researchers later identified an Ether (ETH) address linked to the leaked phrase that briefly held the 4 million PRTG tokens before the entire balance was...
PYUSDx lets developers issue app-specific stablecoins backed by PayPal USD with fast launch, cross-chain support and branded token options. Payment giant PayPal is expanding access to its stablecoin through a new platform it says will allow devleopers to create their own US dollar-pegged tokens backed by PayPal USD. PayPal, MoonPay and stablecoin platform M0 on Friday announced PYUSDx, a product aimed at helping developers launch PayPal USD (PYUSD)-backed stablecoins for use within applications, or tokens designed for use inside a particular app, platform or ecosystem, according to a joint announcement shared with Cointelegraph. The companies said the rollout is planned for next month. Read more
Any rollout would still require strict affordability and suitability checks, and crypto activity would need FCA authorization, Gambling Commission executive Tim Miller said. The United Kingdom’s Gambling Commission is exploring how cryptocurrency could be used for payments at licensed online casinos, as the country prepares to bring more crypto activity under a new regulatory regime led by the Financial Conduct Authority (FCA). Tim Miller, the commission’s executive director for research and policy, said Thursday that the regulator wants to examine “the potential path forward” for allowing “cryptoasset to be used as a consumer payment option for licensed and regulated gambling in Great Britain.” Miller made the remarks at the Betting and Gaming Council’s annual general meeting in London, according to his published speech. Companies carrying out regulated crypto activities will require authorization by the FCA under the Financial Services and Markets Act 2000 (FSMA) when the new regime commences, Miller said. ...
Sentient launched Arena, a production-style platform to test AI agents on enterprise tasks, with Pantera and Franklin Templeton joining the initial cohort. Pantera Capital and Franklin Templeton’s digital assets units have joined the first cohort of Arena, a new testing environment from open-source AI lab Sentient that is designed to evaluate how AI agents perform in enterprise-style workflows. In a Friday announcement shared with Cointelegraph, Sentient positioned Arena as a production-style benchmarking platform rather than a static model test. Instead of scoring agents on fixed datasets alone, it runs them through standardized tasks modeled on enterprise conditions, including long documents, incomplete information and conflicting sources. “In this initial phase, participation refers to supporting the Arena program and developer cohort,” Oleg Golev, product lead at Sentient Labs, told Cointelegraph. Read more