Today’s crypto headlines reflect a mix of government adoption, big institutional plays, and regulatory crackdowns around the world.
El Salvador continues to lead the way in Bitcoin accumulation. The country just added 8 more BTC to its national reserves. With this, El Salvador now holds over 6,228 BTC, worth about $674 million at current prices.
Meanwhile, asset management giant BlackRock made a big move in Ethereum. It reportedly bought 100,000 ETH this week, valued at around $250 million. That’s a sign of growing institutional interest in Ethereum.
On the regulatory front, Turkey has stepped up its crackdown on crypto. Authorities blocked 46 platforms, including major names like PancakeSwap and Cryptoradar. The reason behind the ban hasn’t been fully explained yet, but it’s seen as part of a broader effort to control digital assets in the country.
In Russia, President Vladimir Putin has linked the country’s recent restrictions on crypto mining to ongoing energy shortages. This comes as other governments begin to take their own approaches to digital assets.
There were also some interesting developments from around the world. Canada is moving ahead with exploring a retail central bank digital currency (CBDC). And in the UK, the Bank of England has said it is “open to” using stablecoins for wholesale payments—another step toward digital currency integration.
Japan saw a surprise entry into the crypto space as the Mac House clothing chain announced plans to start Bitcoin mining. Over in Sweden, Bitcoin Treasury Capital is preparing to list on the Swedish Spotlight stock exchange, adding another crypto-related company to public markets.
In South Africa, however, the crypto scene took a hit. The country’s first NFT marketplace, Momint, shut down due to ongoing market pressure.
And finally, Ondo Finance is expanding its reach by acquiring Oasis Pro, a broker regulated by the U.S. SEC. This deal could boost Ondo’s role in the growing tokenized asset space.
Read also: ONDO Chart Signals Double-Digit Drop but This Major Announcement Could Turn the Tide
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