Ali Haider 4635

$BTC $ETH $XRP
🔍 Major Developments & Themes:
1. Market Pullback and Volatility:
• Cryptos are in the red: Bitcoin dropped ~2%, with Ethereum, XRP, and many altcoins also falling.
• The broader crypto market has lost over $160 to 300 billion in value over a short span, fueling concerns.
• Technicals: Bitcoin broke below key support around $112,000, and is now testing deeper zones (e.g. $104,000 to $100,000).
2. Whale Activity & Altcoin Spotlights:
• Despite the drop, some large holders (whales) are accumulating altcoins: WLFI, PEPE, and POL are getting attention.
• Remittix (RTX), a PayFi / cross border payments project, is gaining traction in crypto circles and among some whales.
3. Stablecoin & Banking Moves:
• Major European banks (ING, UniCredit, etc.) are teaming up to create a euro denominated stablecoin under EU crypto rules (MiCA), expected in 2026.
• Tether (USDT issuer) is reportedly planning a massive capital raise ($15 to 20 billion) that could value the company at $500 billion.
4. Regulatory & Policy Pressures:
• In the UK, the Bank of England’s proposal to cap stablecoin ownership is facing criticism for possibly stifling innovation.
• Australia is drafting laws to bring crypto activity under existing financial licensing regimes, with strong governance and penalties.