6 Important Crypto News: Miners Underperform, UK’s Regulatory Stumble, Bitcoin’s Bullish Signals, and Stablecoin Innovations : Botslash Daily Crypto News Analysis
As the crypto sector continues to evolve, today’s developments offer a balanced mix of market dynamics, global regulatory actions, and strategic innovation. From the struggles of Bitcoin miners with HPC exposure and Kuwait’s energy protection crackdown, to the UK’s fading ambition as a crypto hub and a potential bullish crossover for Bitcoin, the headlines highlight the volatility and growing maturity of the digital assets space. Meanwhile, traditional financial giants like Visa and PayPal are driving forward with stablecoin integration, signaling growing institutional adoption and practical use cases in real-world payments. 1. Bitcoin Miners with HPC Exposure Underperform BTC for Third Straight Month: JPMorgan JPMorgan’s latest report reveals that Bitcoin miners with high-performance computing (HPC) exposure, such as IREN, RIOT, WULF, and HUT, have underperformed BTC for the third consecutive month. In April, mining profitability declined as the network hashrate increased by 6%, intensifying competition and reducing margins. Despite a 12% rise in the total market capitalization of 13 tracked mining stocks, those with significant HPC operations lagged behind. The underperformance is attributed to the increased operational costs associated with HPC activities, which, coupled with the rising hashrate, have squeezed profit margins. Miners focusing solely on Bitcoin mining without diversifying into HPC have fared better in comparison. This trend underscores the challenges faced by miners in balancing diversification with profitability. Market Impact: The continued underperformance of HPC-exposed miners may lead to a reevaluation of business strategies within the mining sector. Investors might shift focus towards miners with streamlined operations concentrating on Bitcoin to mitigate risks associated with HPC ventures. 2. UK’s Delayed Regulation Hurts Plan to Be Global Crypto Hub, Executives Say: CNBC Industry executives express concerns over the UK’s sluggish approach to cryptocurrency regulation, warning that it hampers the country’s ambition to become a global crypto hub. The lack of clear and comprehensive regulatory frameworks has led to uncertainty, discouraging investment and innovation in the sector. Compared to other nations advancing their crypto regulations, the UK risks falling behind in attracting crypto businesses. The Financial Conduct Authority (FCA) has been criticized for its slow progress, with some firms considering relocating to more crypto-friendly jurisdictions. The delay in establishing a robust regulatory environment not only affects existing businesses but also deters new entrants, impacting the UK’s competitiveness in the global crypto market. Market Impact: The regulatory ambiguity may lead to capital flight and talent drain, weakening the UK’s position in the burgeoning crypto industry. To retain and attract crypto enterprises, swift and decisive regulatory action is imperative. 3. Kuwait Cracks Down on Illegal Crypto Mining to Protect National Grid Kuwait has initiated a crackdown on illegal cryptocurrency mining operations to alleviate pressure on its national power grid. The Ministry of Interior reported that unauthorized mining activities have significantly strained electricity resources, leading to power outages. Over 60 individuals are under investigation, and authorities have disconnected power from properties linked to illicit mining. The government’s action highlights the challenges faced by countries with subsidized electricity in managing the energy-intensive nature of crypto mining. While crypto trading is banned in Kuwait, the absence of specific laws addressing mining has allowed such activities to proliferate, exacerbating energy consumption issues. Market Impact: The enforcement measures may deter illegal mining activities, prompting miners to seek operations in regions with clearer regulations and energy policies. This could influence global mining distribution and impact the overall network hashrate. 4. Bitcoin Is Approaching a Golden Cross While the MVRV Ratio Gains Strength: Could This Signal a Potential Breakout? Bitcoin is nearing a ‘Golden Cross’—a bullish technical pattern where a short-term moving average crosses above a long-term moving average. Simultaneously, the Market Value to Realized Value (MVRV) ratio is gaining strength, indicating potential undervaluation and signaling a possible breakout. Historically, such patterns have preceded significant price rallies in Bitcoin. Analysts suggest that if the Golden Cross materializes and the MVRV ratio continues its upward trajectory, Bitcoin could experience a substantial price increase. However, they caution that while these indicators are promising, external factors and market sentiment will also play crucial roles in determining the actual outcome. Market Impact: The convergence of these bullish indicators may attract increased investor interest, potentially driving up demand and price. Traders and investors should monitor these developments closely to capitalize on potential market movements. 5. Visa Is Set to Launch Its Inaugural Stablecoin Cards in the Near Future Visa has announced a partnership with stablecoin infrastructure startup Bridge to launch stablecoin-linked Visa cards. These cards will enable customers in Latin America to make everyday purchases using cryptocurrencies. Initially available in Argentina, Colombia, Ecuador, Mexico, Peru, and Chile, the cards are expected to expand to Europe, Africa, and Asia soon. The initiative allows users to spend stablecoins at any merchant that accepts Visa, with Bridge handling the backend processes to convert stablecoin balances into local currencies during transactions. This move signifies a significant step towards integrating cryptocurrencies into mainstream financial systems, enhancing their utility in daily transactions. Market Impact: Visa’s foray into stablecoin payments could accelerate the adoption of cryptocurrencies in everyday commerce, potentially increasing demand for stablecoins and influencing the broader digital payments landscape. 6. The US SEC Has Concluded Its Investigation into PayPal’s PYUSD Stablecoin Without Taking Any Enforcement Measures The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into PayPal’s USD-backed stablecoin, PYUSD, without taking any enforcement action. The probe, which began in November 2023, examined the launch and structure of PYUSD. PayPal disclosed in a recent filing that the SEC informed the company in February 2025 of the investigation’s conclusion. This development provides regulatory clarity for PayPal and may encourage other financial institutions to explore stablecoin offerings. The SEC’s decision not to pursue enforcement actions suggests a more accommodating stance towards stablecoins, provided they adhere to existing regulatory frameworks. Market Impact: The closure of the investigation removes a significant regulatory hurdle for PayPal, potentially boosting investor confidence and paving the way for broader adoption of PYUSD in digital transactions. Key Takeaways Bitcoin Miners with HPC exposure are facing sustained
5 Important Crypto News: Shariah Bitcoin Asset, Global Monetary Shift, Dollar vs Stablecoins, UK Crypto Crackdown : BotSlash Daily Crypto News Analysis
In a day filled with major developments, the crypto industry saw pivotal shifts across different regions and sectors. Solv Protocol and Core’s launch of a Shariah-compliant Bitcoin asset in the Middle East marks an important bridge between Islamic finance and digital assets. Meanwhile, Ray Dalio warns of cracks forming in the global monetary system amid rising tariffs and deglobalization trends. At the same time, Tether’s co-founder raises alarms about the US dollar’s waning dominance in favor of stablecoins. Lastly, the UK government moves closer to implementing stricter regulations on crypto exchanges and stablecoins, reflecting an intensifying global push for better oversight. Solv Protocol and Core Launch Sharia-Compliant Bitcoin Asset in Middle East Solv Protocol and Core have officially introduced a Sharia-compliant Bitcoin (BTC) financial product tailored for investors in the Middle East. This new asset ensures adherence to Islamic financial principles, which prohibit activities such as earning interest, thus opening doors for a vast population seeking halal investment opportunities. The move aims to bridge the gap between traditional Islamic finance and emerging blockchain-based products, making Bitcoin more accessible to a religiously conscious demographic. The launch comes amid growing crypto adoption in Islamic countries, where demand for compliant products has surged. By aligning with Sharia standards, Solv Protocol and Core can target a previously untapped, wealthy, and investment-ready market segment. The partnership could significantly boost Bitcoin’s global legitimacy and open further innovation pathways where religious compliance is essential. Market Impact:This development could catalyze a fresh wave of capital inflows into Bitcoin from Middle Eastern investors. It strengthens Bitcoin’s narrative as a borderless, versatile asset class and could fuel further innovation in creating compliant DeFi products globally. Bitcoin might witness medium-term bullish sentiment from these regions. Ray Dalio Warns Global Monetary Order Is on the Brink Amid Trump Tariffs and Deglobalization Billionaire investor Ray Dalio has warned that the global monetary system is under significant strain, citing U.S. tariffs on Chinese goods and the broader trend of deglobalization as key catalysts. He argues that these pressures are accelerating fractures in existing financial structures, causing instability in currencies and trade relationships. Dalio likens the current situation to historical periods where monetary systems underwent radical changes. According to Dalio, rising geopolitical tensions, inflationary pressures, and protectionist policies are combining into a dangerous mix that could lead to financial chaos. He highlighted that investors should brace for more market volatility and rethink their portfolio diversification strategies, possibly leaning more toward non-traditional assets like gold and digital currencies such as Bitcoin. Market Impact:Dalio’s commentary may reinforce Bitcoin’s “safe-haven” narrative during times of macroeconomic uncertainty. If trust in traditional fiat systems erodes, alternative assets like Bitcoin and gold could see inflows, driving volatility and upward price pressure. Tether Co-Founder: US Dollar Faces Growing Stablecoin Competition Amid Trump-Backed Initiatives Tether co-founder William Quigley has expressed concerns over the U.S. dollar’s dominance as it faces growing competition from stablecoins and alternative digital currencies. In particular, he highlighted how recent Trump-supported initiatives could pave the way for even more private money markets, where stablecoins flourish. This could disrupt traditional financial models reliant on fiat currency primacy. Quigley emphasized that while the dollar remains dominant today, the rise of stablecoins offers people faster, cheaper, and more versatile monetary options. He suggested that if political momentum continues favoring decentralized finance (DeFi) and stablecoins, the U.S. might lose a critical tool of global economic influence unless it modernizes its policies quickly. Market Impact:This scenario could significantly benefit cryptocurrencies tied to stablecoin ecosystems. Coins like USDT, USDC, and others may see increased utility, while DeFi projects could experience renewed investor interest as financial dynamics shift globally. UK Government Targets Exchanges and Stablecoins with New Draft Crypto Rules The United Kingdom has introduced new draft regulations aimed specifically at tightening oversight of crypto exchanges and stablecoin issuers. These rules seek to bring clarity, investor protection, and systemic stability to the fast-evolving crypto sector. Regulatory bodies will have expanded authority to supervise, license, and even take enforcement actions against non-compliant crypto platforms operating within the country. These proposed rules suggest that the UK is serious about integrating crypto into its broader financial framework but wants to ensure that participants operate under clear legal guidelines. Stablecoin issuers, in particular, will have to demonstrate that they can maintain adequate reserves and offer robust consumer protection mechanisms, similar to those required for traditional banks and payment firms. Market Impact:While this could create initial compliance burdens for crypto firms, long-term, it is likely to boost institutional confidence and attract traditional finance players into the crypto ecosystem, potentially supporting prices and liquidity. Coinbase’s Base Network Achieves Stage 1 Status, Reducing Centralization Risk Coinbase’s Layer 2 solution, Base, has officially achieved Stage 1 decentralization status, according to evaluations by L2Beat. This milestone indicates that Base has taken meaningful steps toward minimizing centralized control, thus aligning more closely with the ethos of blockchain technology. The announcement marks significant progress for Base, boosting its credibility within the Ethereum Layer 2 ecosystem. Achieving Stage 1 status means that while Base still has centralized components, it now has more robust frameworks in place for decentralization, security, and transparency. Coinbase emphasized that their roadmap includes full decentralization goals, and the current achievement builds trust among users wary of platform risks following past centralized exchange failures. Market Impact:The move enhances Coinbase’s brand strength and could drive increased usage of the Base network. It supports Ethereum’s broader scalability narrative, possibly contributing to positive sentiment for both ETH and L2 projects. Key Takeaways Solv Protocol and Core introduced the first Shariah-compliant Bitcoin asset aimed at Middle Eastern markets, potentially unlocking new investment flows into Bitcoin. Ray Dalio predicts a severe disruption in the global monetary order, suggesting increasing appeal for alternative assets like Bitcoin. Tether’s co-founder highlights that stablecoins are gaining ground against the US dollar, especially under supportive Trump-era policies, which could redefine currency dominance. The UK government is tightening its grip on crypto exchanges and stablecoin issuers through newly proposed draft regulations to protect investors and stabilize
7 Important Crypto News: U.S. Push for Bitcoin Reserve, Bearish Divergence, UK Regulations & Exchange Supply Trends – BotSlash Daily Crypto News Analysis
A pivotal day in the crypto space as U.S. lawmakers accelerate efforts around both combating illicit activity and exploring Bitcoin as a sovereign reserve asset. Technical signals warn of a possible downturn even as investor behavior turns bullish, pulling Bitcoin off exchanges in record volumes. Meanwhile, the UK makes long-term regulatory commitments, signaling growing international focus on crypto frameworks. Altogether, today’s developments highlight the battle between regulatory control, national strategy, investor sentiment, and market signals. U.S. Crypto Bill Targets Illicit Finance With Renewed Bipartisan Support The reintroduction of the Financial Technology Protection Act (FTPA) marks a pivotal move by U.S. lawmakers aiming to curb illicit financial activity facilitated by digital assets. Spearheaded by Representatives Zach Nunn and Jim Himes, the bill proposes the formation of an interagency working group combining government expertise from entities like the DOJ and FBI with insights from crypto industry professionals. The act is positioned as a forward-looking policy tool, emphasizing national security without stifling innovation. The core purpose of the FTPA is to improve oversight of suspicious blockchain activities while simultaneously enhancing the capacity of law enforcement and intelligence agencies to tackle crypto-related crime. The collaborative structure of the working group allows for a multifaceted approach, balancing enforcement with education and technological adaptation. Importantly, the bipartisan nature of this push underscores the increasing political will to provide a regulatory backbone to the fast-evolving digital asset space. While the act primarily focuses on deterring terrorism financing and criminal transactions, it may also open doors for more defined guidelines in the crypto industry. By involving crypto experts, the bill avoids the traditional heavy-handedness often seen in early-stage regulation and paves the way for practical, implementable rules. Overall, the FTPA may become a model framework for future global initiatives aimed at harmonizing security and innovation. Market Impact: This legislative move could create short-term uncertainty, particularly for privacy-focused coins, but it’s largely neutral to positive in the medium term. The inclusion of crypto experts and the collaborative nature of the bill suggest a balanced approach that could boost investor confidence in regulated markets. Bitcoin Exchange Supply Drops to 5-Year Low—A Bullish Sign? According to Santiment’s latest analytics, only 7.53% of Bitcoin’s total circulating supply remains on centralized exchanges—a level not seen since early 2018. This massive drop indicates a growing preference for self-custody, a move generally associated with accumulation rather than imminent selloffs. Investors seem to be withdrawing their holdings for long-term storage, signaling confidence in Bitcoin’s upward potential and long-term value. Historically, declining exchange reserves have preceded significant price rallies. When BTC is held in cold wallets rather than exchange hot wallets, it becomes less susceptible to panic selling, and supply-side liquidity tightens. This reduces immediate selling pressure and can create upward price movement if demand persists. While this isn’t a guaranteed signal, it aligns with previous bullish phases in the Bitcoin market. The data also highlights broader behavioral shifts among both retail and institutional investors. With improved wallet technology and increased awareness of self-custody risks, fewer participants are willing to trust centralized platforms with their crypto. This trend, amplified by the collapse of FTX and similar platforms, reinforces Bitcoin’s ethos of decentralization and may gradually lead to a restructured trading environment where on-chain activity takes precedence over exchange-based metrics. Market Impact: This trend is bullish for Bitcoin. The decreased exchange supply tightens available liquidity and reduces volatility from mass sell-offs. If demand sustains or increases, especially during positive macro developments, Bitcoin’s price could see notable upward momentum. Bitcoin Reserve Bill Aims for Strategic National Holdings by August Senator Bernie Moreno’s push for the Bitcoin Reserve Bill marks a significant evolution in U.S. policy thinking around cryptocurrency. The proposed legislation calls for the United States to acquire one million BTC over five years, creating a government-backed reserve of the world’s largest cryptocurrency. Framed as a strategic financial move, Moreno argues the reserve could bolster national security, monetary independence, and future-proof the dollar in a rapidly changing digital economy. This proposal represents an aggressive stance, signaling that parts of the U.S. government are seriously considering Bitcoin as a sovereign-grade asset. The idea mirrors the gold reserves of the past century but tailored to a decentralized, programmable financial world. Moreno’s alignment with Bitcoin also suggests rising political legitimacy for digital assets, particularly in light of global tensions and fears of inflation eroding fiat value. From a macroeconomic lens, if the U.S. begins accumulating Bitcoin, it could reshape market dynamics by significantly tightening supply. Bitcoin’s fixed 21 million supply cap makes such a move potentially disruptive. It would not only elevate BTC’s geopolitical relevance but also ignite a wave of institutional and retail interest globally, possibly triggering a supply shock. Market Impact: Extremely bullish if passed. Even without full execution, the public debate could fuel a narrative that encourages accumulation among retail and institutional players. Speculation around sovereign accumulation typically drives long-term upward pressure on BTC’s price. Bitcoin Bearish Divergence Sparks Market Caution Amid Price Highs Bitcoin may be approaching a market top, according to recent analysis from Capriole Investments’ Macro Index. The indicator has shown a clear bearish divergence—price action has reached new highs, while the index’s underlying metrics like volume, volatility, and activity have not confirmed the rally. Such divergence often signals an overextended market and precedes reversals, especially during high volatility phases. Capriole’s founder Charles Edwards emphasized that similar signals in previous bull markets resulted in multi-month corrections. The risk here isn’t limited to technicals—macroeconomic headwinds, including rate hikes or inflation data surprises, could exacerbate the downside. Moreover, on-chain activity has stagnated, suggesting the recent price moves may be driven more by speculative leverage than organic demand. However, it’s worth noting that bearish divergence does not guarantee a full-fledged bear market. It often serves as a cautionary signal, prompting savvy traders to reduce exposure or hedge positions. Given the complexity of current market factors—ranging from ETF speculation to geopolitical uncertainty—the divergence could either be a false alarm or the start of a needed correction to reset the
