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Even with clear regulations, the cryptocurrency market cannot solve its liquidity shortage without a supporting financial infrastructure to supply capital, argued Harpal Sandhu, CEO of Web3 accounting platform Integral. In an op-ed for Cointelegraph, Sandhu pointed out that during a large-scale forced liquidation event on Oct. 10 last year, liquidity rapidly evaporated, leaving sellers unable to find buyers. He explained that in a market lacking a sustainable and transparent credit mechanism, capital quickly exits during periods of high volatility, which further amplifies price declines. Sandhu asserted that this stems from a structural liquidity problem, not just a simple erosion of trust. To address this, he claimed that it is necessary to build a robust and broad crypto prime brokerage infrastructure capable of supplying credit.

South Korean financial authorities failed to detect a critical system vulnerability at the Bithumb crypto exchange despite conducting six inspections over the past five years, IT Chosun reported. The oversight led to a recent large-scale erroneous payment incident. According to the office of People Power Party lawmaker Kang Min-guk, South Korea’s Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) each examined the exchange three times between 2021 and 2025. However, they did not identify the system's susceptibility to incorrect data entry, cited as the primary cause of the incident. During an emergency hearing of the National Policy Committee yesterday, Kang stated that the situation starkly reveals the shortcomings of the authorities' lax supervision and lack of regulation.

Naveen Mallela, global co-head of JPMorgan's proprietary tokenization platform Kinexys, has departed the firm, Bloomberg reported.

CoinMarketCap's Altcoin Season Index has risen one point from yesterday to 28. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin. An "altcoin season" is declared when 75% of these top coins have outperformed Bitcoin over the past 90 days; otherwise, it is considered a "Bitcoin season." A score closer to 100 indicates a stronger altcoin season.

U.S. SEC Chairman Paul Atkins has identified clarifying cryptocurrency regulations as one of his top priorities for the year. He stated on X that through Project Crypto, a policy initiative to promote cryptocurrency, the SEC will work with the Commodity Futures Trading Commission (CFTC) to provide regulatory clarity for investors. Other priorities he listed include combating fraud, protecting investors, and simplifying disclosure requirements.

Whale Alert reported that 354,947,658 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $355 million.

The Crypto Fear & Greed Index fell six points from the previous day to five, according to data from Alternative. This marks the first time the index has hit its all-time low since Aug. 22, 2019, keeping the market in a state of "Extreme Fear." The index ranges from 0, indicating extreme fear, to 100, representing extreme optimism. It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

According to CoinNess market monitoring, BTC has fallen below $67,000. BTC is trading at $66,998.95 on the Binance USDT market.

Bitcoin could fall to the low $60,000s if it fails to hold the $68,000 level, according to market analysis. Cointelegraph reported that while a large sell wall has accumulated above $72,000, a liquidity gap between $60,500 and $66,000 could allow the price to fall through this range quickly. The outlet added that downward pressure remains due to $350 million in BTC long positions concentrated around $60,500. Separately, crypto trader Husky noted that the market structure is weakening. He said BTC must reclaim $68,000 for a short-term rebound, warning that a failure to do so could lead to a correction down to $65,000. Husky expects BTC to continue fluctuating in a wide range between $60,000 and $72,000.

According to CoinNess market monitoring, BTC has risen above $68,000. BTC is trading at $68,000 on the Binance USDT market.

The three major U.S. stock indices closed lower today. - S&P 500: -0.01% - Nasdaq: -0.16% - Dow Jones: -0.13%

A mere 1% increase in cryptocurrency allocation within Asian portfolios could inject $2 trillion into the market, said Nicholas Peach, head of BlackRock's Asia-Pacific iShares division. Speaking at the Consensus Hong Kong 2026 conference, Peach noted that this inflow would represent about 60% of the current crypto market size, according to CoinDesk. He explained that such a small shift could drive significant innovation. Peach added that the growing acceptance of crypto ETFs among Asian institutional investors is reshaping expectations for the asset class, with some financial advisors now recommending a 1% portfolio allocation to crypto.

The U.S. Department of Justice (DOJ) has fined cryptocurrency platform Paxful $4 million in connection with illegal sex trafficking and money laundering cases, CoinDesk reported. Paxful had previously pleaded guilty to three criminal charges for aiding illegal activities, including sex trafficking, fraud, and sanctions violations.

Soaring housing costs and the collapse of traditional wealth-building methods are fundamentally changing how Gen Z invests, fueling rapid growth in the crypto derivatives market, Cointelegraph reported. Speaking at Consensus Hong Kong, David Pakman, head of venture investments at crypto investment firm CoinFund, noted that while Gen X and baby boomers faced average home prices around 4.5 times their annual salary, this ratio has surged to about 7.5 times for Gen Z. He argued this has effectively blocked the traditional middle-class path to wealth through homeownership, highlighting that only 13% of 25-year-olds own homes, whereas over half of Gen Z investors hold cryptocurrency. In this environment, it is not an irrational choice for Gen Z to invest in high-risk products like memecoins, zero-day-to-expiration perpetual futures, and prediction markets, Pakman added. He explained that when long-term wealth creation seems unattainable, a low-probability, high-return bet is perceived as a more rational alternative to a certain, slow decline. Pakman pointed out that the perpetual futures market has reached a scale of approximately $100 trillion. He also noted that prediction markets have seen their trading volume explode from $100 million to $44 billion in just three years, with sports betting accounting for about 80% of this activity.

Democratic members of the U.S. House Financial Services Committee have demanded a detailed explanation from SEC Chairman Paul Atkins regarding the suspension of enforcement action against Tron (TRX) founder Justin Sun. According to CoinDesk, the committee's ranking Democrat, Maxine Waters, stated that the regulator has abandoned nearly all ongoing crypto enforcement cases since President Trump took office and appointed a new SEC chair. Atkins responded that while he could not comment on individual cases, he was willing to hold a private briefing on the matter as permitted by regulations. The lawmakers also asserted that the agency is neglecting crypto-related issues connected to President Trump, claiming this has severely damaged the SEC's reputation.

Johnny Ng, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and the Hong Kong Legislative Council, said that Hong Kong could learn from South Korea and the United Arab Emirates (UAE) regarding cryptocurrency regulation. Speaking at a panel discussion at Consensus Hong Kong, he noted that while Hong Kong has long been committed to crypto and blockchain technology, it now faces a competitive challenge from the UAE. He explained that the UAE has built a robust regulatory framework with a single dedicated regulator for each region. Ng also pointed out that South Korea, which has millions of crypto users and investors, operates a government agency responsible for crypto-related matters.

According to CoinNess market monitoring, BTC has risen above $67,000. BTC is trading at $67,002.27 on the Binance USDT market.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

U.S. Democratic lawmakers criticized U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins during a House hearing, accusing him of neglecting cryptocurrency issues linked to President Donald Trump and thereby damaging market confidence. According to Decrypt, Representative Stephen Lynch stated that the SEC is dropping key lawsuits against several crypto companies, including Binance. He argued that the agency's reputation has been severely damaged and that public trust is rapidly eroding, a situation he described as detrimental to both the crypto industry and consumers.

JPMorgan has projected that an increase in institutional capital and greater regulatory clarity could bolster cryptocurrency prices, CoinDesk reported. In a report, JPMorgan strategist Nikolaos Panigirtzoglou stated that he expects crypto fund inflows to grow further this year, driven by institutional investors rather than retail traders or digital asset treasuries (DATs). He added that this shift could be accelerated by the potential passage of additional U.S. crypto legislation, particularly the market structure bill (CLARITY Act). Panigirtzoglou expressed a positive outlook for the crypto market this year.

Digital asset management firm BlockFills has suspended deposit and withdrawal services and implemented trading restrictions amid heightened cryptocurrency market volatility, CoinDesk reported. The company began temporarily halting customer deposits and withdrawals and limiting the scope of trading on its platform last week. BlockFills explained that the move was made to protect both its customers and the company, citing a comprehensive review of market volatility and the current financial environment.

According to CoinNess market monitoring, BTC has fallen below $66,000. BTC is trading at $65,957.94 on the Binance USDT market.

Bitcoin skeptic and gold bull Peter Schiff argued on X that the biased and ill-informed mainstream financial media are portraying Bitcoin's unexpected 50% drop as another buying opportunity. He asserted that the real opportunity is to sell before incurring further losses.

According to CoinNess market monitoring, BTC has risen above $67,000. BTC is trading at $67,013.76 on the Binance USDT market.

An analysis suggests Bitcoin (BTC) is following a trajectory similar to the 2022 bear market. Cryptocurrency trader Jelle said that BTC is currently replicating the 2022 downturn. He noted that if this scenario continues, the price could see a short-term correction to the low $50,000s before entering a full-fledged bull run. Jelle also questioned whether investors would actually buy at that level, despite many claiming they would.