Cryptonews

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Bitcoin (BTC), that once-mighty king of crypto, has recently managed to crawl back from the depths of despair, aided by a brief ceasefire between the US and Iran. But don’t get too comfortable-some analysts still believe that the asset has yet to hit rock bottom. The best may be yet to come, and by “best,” I mean “worst.” Meanwhile, Ethereum (ETH) is floating along, teasing us with the possibility of a triple-digit price increase, but only if it can cling to its “line in the sand”-because, of course, nothing says confidence like sand.

After Google’s dramatic “doomscroll” whitepaper on quantum computers, crypto folks went full Sherlock Holmes. Some are testing coins like it’s Hogwarts final exams, while others are scribbling post-quantum safety protocols like future Nobel winners.

On Friday, Hong Kong’s financial regulator, the HKMA, announced who had been approved to operate with digital assets, marking a significant step forward for the industry in the region.

The day’s most thrilling piece of news: Bitcoin has been stuck between $63,000 and $75,000 for what feels like an eternity. According to crypto analyst Eric Crown, this quiet range typically ends in a dramatic price swing. We’re talking 40%, folks. Get your popcorn ready.

Politico informs us that Deputy Director Michael Ellis announced these plans at a Special Competitive Studies Project gathering in Washington, DC, last Thursday. He assured everyone that AI would soon be “part of the family,” performing routine tasks while humans handle the thrilling parts of decision-making-like sighing dramatically at meetings.

Investors are closely watching for the upcoming US inflation report. It’s predicted to show the biggest monthly price increase in almost four years, mainly because of the recent sharp rise in energy costs caused by global political issues.

The market is showing signs of recovery, and Ethereum is benefiting, finishing the week up 7% after breaking past the $2,000 mark. If this upward trend holds, traders will likely target the $2,400 level next.

In a recent post on X (formerly Twitter), Patrick McHenry echoed comments made by Treasury Secretary Janet Yellen, arguing the proposed legislation is needed to move away from unclear enforcement practices and establish clear, written rules for how federal agencies oversee digital assets.

According to Nikkei, the new rules are like a bouncer at a club, kicking out anyone trying to trade on secret info. No more whispering sweet nothings about Bitcoin prices in the bathroom, folks.