Bitcoin rallied above $80,000 overnight before selling off on reports of a U.S. warship struck by Iranian missiles. Plus, Clarity Act odds spiked after a new compromise on stablecoin yield.
South Korea's FSS has initiated sanctions procedures against Dunamu, operator of crypto exchange Upbit, following a $36 million hack reported in November 2025. The regulator is reviewing potential violations of the Virtual Asset User Protection Act and plans to address regulatory gaps.
Bitcoin is testing the $63,000 level, down 1.7% on the day and 50% below its October record, due to broad risk aversion in markets and persistent selling from long-term holders realizing losses. While ETF inflows show a marginal recovery, they are not yet enough to stabilize the price.
MicroStrategy's Michael Saylor detailed "110 reasons" against Bitcoin Improvement Proposal-110 (BIP-110), which aims to limit non-monetary transactions like Ordinals inscriptions to preserve BTC's peer-to-peer cash function. The proposal, introduced in December 2025, faces significant debate within the Bitcoin community.
Bitcoin dipped below $62,500 at Wall Street's open, extending losses as fresh US-Iran military strikes and earnings disappointments pushed stocks and crypto lower. Traders noted choppy, rangebound price action, with some analysts identifying a bear-market trend line forming.
Bitcoin faces a critical test near $69,000, representing the recent-buyer cost basis, while its lower on-chain stress boundary sits around $52,900. The market shows tentative stabilization as long-term holder losses cool, but a confirmed recovery requires sustained demand and a reclaim of key resistance levels.
Cardano's founding developer, Input Output, is decentralizing control of its core blockchain infrastructure, including the Haskell node and Plutus platform, to external firms like Se7en Labs and Teragone. This transition, part of the Voltaire era, coincides with the Van Rossem hard fork going live, aiming to cut smart contract costs. IOG will now focus on research and new ventures.
