Stay updated with the latest developments in the crypto space today. This report highlights the most important news impacting Bitcoin prices, blockchain technology, DeFi platforms, NFTs, Web3 advancements, and emerging crypto regulations.
A recent claim by a crypto developer alleges that the Trump-affiliated World Liberty Financial (WLFI) froze his tokens and is refusing to release them. This incident raises concerns about token lockups within high-profile projects.
Bruno Skvorc, a Polygon Developer Relations representative, shared publicly that his wallet address was flagged as high risk by WLFI’s compliance team, which led to his tokens being inaccessible. He describes this as a ‘new age mafia’ situation with no clear recourse.
In addition, a Bitcoin market analyst cautions traders who expect Bitcoin to peak by the end of this year. According to PlanC, such predictions misunderstand statistical principles. He compares it to betting on the outcome of a coin toss based on previous results, highlighting the limitations of past halving cycles as indicators.
Meanwhile, U.S. financial regulators are considering significant changes. The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) issued a joint statement exploring the implementation of 24/7 capital markets. They also opened discussions on potential new regulations for crypto derivatives, including perpetual futures.
The agencies recognize that expanding trading hours could enhance capital flow but may introduce risks associated with overnight and long-term positions, especially due to varying time zone market participants.
