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BTC $67,136.57 +4.73%
ETH $1,838.76 +10.36%
BNB $627.84 +3.31%
XRP $1.29 +13.21%
SOL $75.69 +11.88%
TRX $0.3189 +0.18%
DOGE $0.0903 +4.53%
ADA $0.1888 +12.86%
BCH $226.74 +12.12%
LINK $8.55 +8.75%
HYPE $68.04 +12.98%
AAVE $76.47 +16.14%
SUI $0.8239 +9.79%
XLM $0.2296 +25.37%
ZEC $533.36 +26.29%

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Bitcoin has returned to $65,000, and the market is betting that the Federal Reserve will not be more hawkish

Bitcoin has returned above the $65,000 mark, currently reported at $65,568. As the Federal Reserve's interest rate meeting approaches this week, market risk appetite has warmed, with Bitcoin and U.S. tech stocks rebounding in tandem. Analysts believe that behind this round of increase, in addition to the return of funds to risk assets, the easing situation in the Middle East and the resulting expectations of falling oil prices are also important factors. The market expects that the decline in energy price pressures is likely to alleviate inflation concerns, thereby reducing the possibility of the Federal Reserve sending further hawkish signals.Currently, the market generally expects the Federal Reserve to maintain interest rates, but investors are more focused on the statements regarding future policy direction from the new chairman Kevin Warsh during his first meeting. If the Federal Reserve sends a dovish signal, market risk appetite may further rise; conversely, if it emphasizes persistent inflation and maintaining high interest rates for a longer period, risk assets such as Bitcoin may face certain pressures. As the correlation between digital assets and traditional financial markets increases, more and more investors are beginning to pay attention to global asset allocation opportunities. As a global one-stop multi-asset allocation platform, BiyaPay supports trading and management services for various assets, including digital assets, U.S. stocks, and Hong Kong stocks, providing users with a more convenient global asset allocation experience.

Bithumb is once again embroiled in regulatory turmoil, as South Korean police investigate allegations of lawmakers interfering in hiring practices

According to Cointelegraph, South Korean police recently raided the cryptocurrency exchange Bithumb to investigate independent lawmaker Kim Byung-gi for allegedly using his influence to secure a job for his son. It is reported that Kim's son joined Bithumb in January 2025 and worked for about six months. The police are investigating whether there was any external pressure or special treatment during his hiring process.Additionally, the case also involves Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, with the investigation scope expanding from simple recruitment issues to potential power rent-seeking and interest transfer. Investigators pointed out that while serving as a member of the South Korean National Assembly's Administrative Committee, Kim Byung-gi had repeatedly questioned Dunamu during meetings, raising suspicions about whether he was trying to benefit the company where his son worked.It is understood that the police had previously questioned executives from multiple cryptocurrency companies and had conducted searches at Bithumb's headquarters and Bithumb Financial Tower to gather evidence. Kim Byung-gi himself is under investigation for 13 charges, including employment arrangements, bribery for nominations, and requests related to university transfers, and he stated that he believes he will ultimately be able to prove his innocence.It is worth noting that Bithumb has recently faced ongoing regulatory pressure. In March of this year, South Korea's financial regulatory agency imposed a fine of approximately $24.5 million on Bithumb for KYC and anti-money laundering (AML) violations and issued a six-month partial business suspension order. However, a South Korean court temporarily suspended the enforcement of the penalty at the end of April, and the relevant legal procedures are still ongoing.
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