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The latest report shows that the market capitalization of Bitcoin (BTC) has decreased again, now ranking 13th as the largest asset in the world. This position places Bitcoin below several global giant companies as well as traditional hedge assets like gold and silver. As the largest digital asset, the movement of Bitcoin's market capitalization is indeed heavily influenced by price volatility, macroeconomic sentiment, and the dynamics of global monetary policy.

Currently, Bitcoin's market capitalization is in the range of US$1.35–US$1.65 trillion, down from its previous peak level. This decline reflects a significant price correction compared to the previous bullish phase, when the influx of institutional capital and market optimism drove its valuation sharply upward. Nevertheless, this figure still places Bitcoin as one of the most valuable assets in the world, surpassing many well-known public companies.

Imagine if major banks started issuing their own digital money that could move as fast as a WhatsApp message, yet still operate within a monitored and legal system.
This is a simple depiction of Fidelity Investments' steps in launching a stablecoin named FIDD on the Ethereum network. A stablecoin is a cryptocurrency whose value is pegged to a stable currency like the US dollar, so its price does not fluctuate wildly like Bitcoin. In other words, it's like a digital version of cash, but it operates on a 'public ledger' called blockchain—a transaction recording system that is transparent and verifiable by anyone.

Imagine you go to a digital investment platform to buy crypto assets, and suddenly regulators assess that some of its services resemble a sports betting venue. This is what is happening when the Nevada gambling regulator sues Coinbase because the prediction market within the platform is deemed a form of sports betting without a license.
Simply put, a prediction market is a feature that allows people to 'bet' on the outcome of an event—such as the results of an election or a sports match—with financial rewards if their predictions are correct. The problem is, in the eyes of regulators, this activity is not much different from gambling practices that should have special licenses.

Imagine a traditional market where many traders want to sell their goods, but the number of buyers coming in is decreasing. As a result, some traders are forced to lower prices, even willing to incur losses, in order to get cash. This situation is currently reflected in the Bitcoin market.
The data shows that realized losses—in other words, losses that have actually occurred because assets are sold—are increasing. Selling pressure continues, while transaction volume in the spot market (the direct buying and selling market) remains weak. In other words, more people are selling than buying, and the market absorption capacity has not been strong enough to withstand price declines.

President of the United States, Donald Trump, is reportedly considering granting a presidential pardon to the founder of the world's largest cryptocurrency exchange Binance, Changpeng Zhao (CZ). This information was first reported by business media Fox Business and is now a major focus in the global financial and digital asset industry.
According to the report, the option to grant a pardon to Changpeng Zhao is under consideration within Trump's inner circle. If this move comes to fruition, analysts believe it could be a historic moment marking a significant change in the relationship between the US government and the cryptocurrency industry.