Binance Guides Nations on Bitcoin Reserve Strategies and Crypto Regulation
Binance, the world’s leading cryptocurrency exchange, is actively advising multiple governments on establishing Bitcoin reserves and crafting regulatory frameworks for digital assets. CEO Richard Teng revealed in a recent Financial Times interview that numerous countries have sought the exchange’s expertise in shaping their crypto policies. This development highlights the growing institutional interest in Bitcoin as a strategic reserve asset and underscores Binance’s expanding role as a key player in global crypto regulation.
Binance Advising Nations On Building Bitcoin Reserves
Binance, the world’s largest cryptocurrency exchange, is advising multiple governments on developing regulatory frameworks for digital assets and establishing national strategic Bitcoin (BTC) reserves, according to CEO Richard Teng. In a recent interview with the Financial Times, Teng disclosed that the exchange has been approached by “quite a lot” of countries seeking assistance with formulating their crypto regulations. Richard Teng highlighted that the United States’ changing stance on cryptocurrency under the Trump administration is motivating other nations to explore similar policies. According to the Binance CEO, the US is “way ahead” compared to many other jurisdictions in establishing a regulatory framework for digital assets.
Gold Is Still the Safe-Haven King, While Bitcoin Loses Out: JP Morgan
Bitcoin’s safe-haven narrative isn’t living up to its mythical status, according to JP Morgan. Investors are preferring to put their cash into gold amid recent market volatility spurred by President Trump’s global trade war. Analysts at the top investment bank said in a Thursday report that gold exchange-traded funds and futures are receiving most of the investment action, as speculators look for a safe bet. Gold’s price has soared since last year, and this week hit a new high over $3,660. Bitcoin has dropped since it broke a new record in January and is more than 20% off its record high near $109,000, set on Jan. 20.
Bitcoin’s TD Sequential Indicator Suggests a Strong Upward Move to $95K
Bitcoin is holding steady above key support and remains on a positive trajectory despite recent volatility. It has traded between $74,000 and $88,000 for weeks and is now showing signs of a breakout. Currently priced at $84,820 with low trading volume, indicating stability amid cautious market activity. A TD Sequential buy signal suggests a potential move toward $90,000 or even $95,000. Bitcoin has faced extreme volatility recently, triggered by several macro factors, but it has regained its ground and is poised for the next leg up.
Tether Bets Big on Bitdeer Amid Bitcoin Mining Slump
Bitcoin miners are struggling as the price of BTC trades sideways and investors sell off their equity. However, stablecoin giant Tether has purchased about $32 million in equity in publicly traded Bitdeer. An SEC filing shows Tether acquired the shares as Bitdeer’s stock price dropped. Tether has increased its interest in the Bitcoin mining space, having bought a stake in Bitdeer last year and increasing its stake to 21% in March. Additionally, Tether announced support for Bitcoin mining pool Ocean.
Bitcoin (BTC) Showing Signs of Recovery, Death Cross Might Be Reversed
Bitcoin is testing a crucial technical formation that could invalidate the bearish death cross signal. The market leader is currently trading just under $85,000 and challenging the 100 EMA, with a convergence of moving averages suggesting a significant intersection for its short- to midterm direction. A clear close above the 200 EMA would indicate a death cross reversal and might rekindle Optimism in the larger cryptocurrency market.
