Bitcoin has recently bounced back from a low of $86,000, influenced by record levels of ETF outflows and basis unwinds. The current market sentiment is reflected in the Fear & Greed Index, which has reached its lowest point since October, while prediction markets are optimistic, suggesting a potential rise to $124,000 by 2025.

Current strategies in the crypto market have seen a decline of 55% from their peak, indicating a tactical retreat among investors. In regulatory news, the SEC has dropped its case against Uniswap, leading to a surge in decentralized finance (DeFi) coins, particularly Maker (MKR). Additionally, the Oklahoma legislature is preparing to vote on a Bitcoin bill, and GameStop has received a proposal for a significant $5 billion Bitcoin acquisition.

• Mirana Ventures has moved $600 million in Ethereum to Bybit.
• The SEC has acknowledged a revised Grayscale Ethereum ETF.
• A new SMS scam targeting binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance users has emerged.
• Bybit hackers have laundered $113 million in just 24 hours.

The CEO of Circle is advocating for the registration of stablecoins in the U.S., amidst ongoing competition aimed at challenging Tether.

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