A new parliamentary tally shows power theft tied to crypto mining accelerating sharply since May’s warnings of rising illicit activity. 🔗 Source 💡 DMK Insight Power theft linked to crypto mining is spiking, and here’s why that matters: This uptick in illicit activity could lead to stricter regulations, impacting miners’ operational costs and profitability. If governments ramp up enforcement, miners might face higher expenses or even shutdowns, which could ripple through the crypto market, affecting asset prices. Traders should keep an eye on how this plays out, as it could influence sentiment and lead to volatility in related assets like Bitcoin and Ethereum. If mining becomes less viable, we could see a shift in supply dynamics, potentially pushing prices down in the short term. But there’s also a flip side: if miners are forced to adapt and innovate, we might see new technologies emerge that could stabilize or even enhance mining efficiency. Watch for any announcements from regulatory bodies in the coming weeks, as these could serve as critical indicators for market direction. 📮 Takeaway Monitor regulatory developments around crypto mining closely; any new restrictions could impact prices significantly, especially for Bitcoin and Ethereum.

A Bitcoin bounce or more pain to come? The technical picture is turning ugly as BTC forms a classic bearish pattern. 🔗 Source 💡 DMK Insight Bitcoin’s current price at $91,377 is teetering on the edge of a bearish pattern, and here’s why that matters: Traders need to pay attention to the potential for further downside as BTC shows signs of weakness. If this bearish pattern continues, we could see a test of key support levels. The $90,000 mark is critical; a break below could trigger a cascade of selling, especially from retail traders who might panic. On the flip side, if BTC manages to hold above this level, it could set the stage for a short-term recovery, but the overall sentiment remains shaky. Look for volume spikes to confirm any moves, as they could indicate whether this bearish trend is gaining traction or if buyers are stepping in. Keep an eye on correlated assets like Ethereum, which often follows Bitcoin’s lead. If BTC breaks down, expect ETH to follow suit, possibly testing its own support levels. Watch for the next few days; the weekly close will be crucial in determining the market’s direction moving forward. 📮 Takeaway Monitor Bitcoin closely around the $90,000 support level; a break could lead to significant selling pressure.

Coinbase did not deny leaks of a future prediction market integration and stock trading feature, teasing a “new era” for the crypto platform. 🔗 Source

Disgraced lobbyist Jack Abramoff gets probation for crypto fraud, but must repay $2.2 million to victims of his bogus AML Bitcoin scheme. 🔗 Source 💡 DMK Insight Jack Abramoff’s probation for crypto fraud highlights ongoing regulatory scrutiny in the crypto space. The $2.2 million repayment to victims of his AML Bitcoin scheme signals a tough stance from authorities, which could impact investor sentiment. Traders should be wary of potential volatility as regulatory news often triggers market reactions. This case could also set a precedent for how similar fraud cases are handled, potentially affecting other crypto projects under investigation. Watch for any shifts in regulatory policies or enforcement actions that could ripple through the market, particularly for assets linked to compliance issues. Keep an eye on Bitcoin and altcoins that might react to news of increased scrutiny or enforcement actions, especially if they breach key support or resistance levels in the coming weeks. 📮 Takeaway Monitor regulatory developments closely; any new enforcement actions could lead to significant market volatility, particularly in compliance-sensitive crypto assets.

New ETFs separately tracking XRP and Dogecoin could debut in the next three trading days, according to analysts. 🔗 Source 💡 DMK Insight The potential launch of ETFs for XRP and Dogecoin could shake up trading strategies this week. With XRP currently at $2.11 and Dogecoin at $0.15, these ETFs might attract significant retail and institutional interest, especially if they offer easier access to these assets. Traders should keep an eye on volume spikes and price movements over the next few days, as ETF launches often lead to volatility. The broader crypto market has been reacting to regulatory news, and these ETFs could either bolster confidence or trigger skepticism depending on their structure and backing. Watch for XRP to hold above $2.00 and Dogecoin to maintain support at $0.14; breaking these levels could signal a shift in sentiment. If the ETFs gain traction, expect ripple effects across the altcoin market, particularly for assets with similar profiles or communities. The real story is how these developments could reshape liquidity and trading patterns, so stay alert for any announcements or trading volume changes in the coming days. 📮 Takeaway Monitor XRP’s support at $2.00 and Dogecoin’s at $0.14 as ETF launches could drive volatility this week.

During a Senate confirmation hearing, Mike Selig declined to say the CFTC needs more resources to regulate crypto—despite bipartisan support on the issue. 🔗 Source 💡 DMK Insight Mike Selig’s reluctance to acknowledge the need for more CFTC resources is a red flag for crypto regulation. This hesitation could signal a lack of urgency in addressing regulatory gaps, which might leave traders exposed to sudden policy shifts. With bipartisan support for increased oversight, the market may react negatively if traders perceive a lack of commitment from regulators. This could lead to increased volatility, especially in altcoins that are more sensitive to regulatory news. Keep an eye on how this sentiment plays out in the coming weeks, particularly if major crypto assets start to show signs of weakness. On the flip side, if Selig’s stance shifts or if we see any movement toward enhanced regulatory clarity, it could provide a buying opportunity for those looking to capitalize on a potential rebound. Watch for any statements from the CFTC or related committees that could indicate a change in direction. 📮 Takeaway Monitor CFTC developments closely; any shift in regulatory stance could impact crypto volatility and trading strategies significantly in the near term.