As the Federal Reserve prepares to announce its latest interest rate decision, Bitcoin has surged to $117,000, while BNB leads Layer 1 tokens in a notable pre-announcement rally. In a significant on-chain development, a long-dormant Bitcoin whale moved $116 million worth of BTC after an 11-year hiatus, drawing market attention.
Regulatory developments are also in focus, with Binance nearing a deal to conclude its Department of Justice compliance monitoring. Speculation around former CEO Changpeng Zhao’s potential return intensified after he updated his social media profile. Meanwhile, a Bank of America survey revealed that 67% of fund managers still avoid crypto exposure.
In policy circles, crypto executives are scheduled to meet with the Senate Banking Committee, and a new political action committee has launched with a $100 million war chest to support industry-friendly legislation. The U.S. and U.K. have announced collaboration on crypto regulatory initiatives.
On the corporate front, Sharplink repurchased 1 million shares, Ether Machine filed to go public via a merger with Dynamix, and Keyrock acquired Turing Capital. Circle expanded USDC’s reach with a native launch on Hyperliquid, while Bitwise filed for a novel ETF focused on tokenization and stablecoins. Despite these advancements, creator coins faced significant downward pressure across markets.
