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The cryptocurrency market has seen significant developments in recent days, with Bitcoin on track for its best month in a year, fueled by a $5 billion growth in USDT. Meanwhile, US authorities have frozen $344 million in crypto linked to Iran, and Tether’s USDT freeze is linked to the U.S. ‘Economic Fury’ against the Iran regime. In other news, a hyperliquid whale is holding a $38 million short against Bitcoin, and a Bitcoin developer has announced a hard fork called eCash.

Markets

Bitcoin is currently stalled at $78K, with oil threatening a new risk-asset squeeze. The cryptocurrency’s price has been holding in a tight range, with some analysts predicting a decisive move. Ethereum and other major coins have also seen significant activity, with Solana confirming a bullish signal that last sparked 100% SOL price gains. Additionally, Aurelion has allocated $48 million in tokenized gold to a newly launched yield protocol.

Regulation

The U.S. Commodity Futures Trading Commission (CFTC) has added New York to the list of states it is suing to stop prediction market pushback. The federal regulator has been suing states that seek to curtail prediction markets activity, claiming it should be deemed state-regulated gaming. Meanwhile, the Crypto PAC Fellowship has halted support of the Texas AG for Senate. The U.S. Department of Justice has also dropped a probe that stood in the way of President Trump’s pick to run the Federal Reserve.

DeFi and Security

A quantum computer has broken a 15-bit elliptic curve cryptographic key, raising concerns about the security of cryptocurrency transactions. In other news, a top memecoin holder is expected to attend a Trump luncheon, and the Crypto Biz is seeing same players, bigger bets as crypto eyes a rebound. For more information, visit CoinDesk and CoinTelegraph. Sources: CoinDesk, CoinTelegraph

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