⚡ Bank for International Settlements Criticizes Stablecoins

Andre Dragosch, director and head of research Europe at Bitwise warns that Bitcoin could face further declines in the coming weeks due to U.S. Federal Reserve policies. Despite this, he sees the price drop as a prime opportunity to accumulate BTC, citing its scarcity.

Donald Trump has appointed former football player and Yale University graduate Bo Hines as the Executive Director of the newly established Presidential Council of Advisers for Digital Assets, also known as the "Cryptocurrency Council."

Japanese investment firm Metaplanet has acquired 619.7 BTC ($60 million) in its largest single Bitcoin purchase to date—four times the size of its previous acquisition of 159.7 BTC.