The industry-supported Promoting Innovation in Blockchain Development Act could be a solution by Congress to push back against criminalizing writing code. A bipartisan group of lawmakers in the US House of Representatives has introduced legislation aimed at halting prosecution of software developers who do not have custody or control of others’ crypto assets. In a Thursday notice, Representatives Scott Fitzgerald, Ben Cline and Zoe Lofgren said that they would be sponsoring the Promoting Innovation in Blockchain Development Act in an effort to change how to handle criminal cases potentially involving blockchain developers. The bill would clarify that Section 1960 under US federal law, on the “prohibition of illegal money transmitting businesses,” would apply only to actors with control of others’ digital assets. Read more
ETH bulls briefly pressed the price above the $2,000 to support, but will a positive funding rate and increase in holder profitability generate sufficient momentum to hold the level? Ether (ETH) price reached a weekly high of $2,150 on Thursday, which is a key level for large ETH holders, but volatility in the crypto and stock markets continues to catalyze corrections below $2,000. A daily close above $2,100 remains important because that level aligns with the cost basis and realized price of wallets holding 100,000 or more ETH. Realized price tracks the last moved price of coins, offering a profitability gauge rather than a spot reference. Since 2020, Ether has traded below this whale cohort’s realized price only a handful of times, most notably during the 2022 bear market. The chart shows that the price has regularly recovered after the realized price level was tested as support. Read more
The proposal would allow a US exchange to trade shares of a fund holding JitoSOL, representing the first SEC exchange filing for a liquid staking token ETP. Nasdaq has filed a proposed rule change to list the VanEck JitoSOL ETF, a fund designed to hold the Solana-based liquid staking token JitoSOL. Liquid staking allows users to stake tokens to help secure a proof-of-stake network while receiving a transferable token in return that represents the staked assets and accrued rewards. Jito Foundation president Brian Smith told Cointelegraph that if the fund is approved, staking rewards would not be distributed separately but instead reflected in the fund’s net asset value. Read more
Bitcoin trades below most holders’ cost basis, but a rally above $74,500 could change everything. Can the bulls pull it off? Bitcoin (BTC) has rebounded 7.45% over the past two days after dropping to $62,400 on Tuesday, below a key onchain price support. Despite the bounce, holders who bought six months to two years ago remain at an average cost of $74,500, a level that now stands as a potential inflection point. As BTC moves higher, the concentration of supply around $74,500 stands as a key test for the current trend; a decisive reclaim of that level may signal demand and a shift in short-term market structure. Bitcoin’s realized price tracks the average onchain acquisition cost for a given UTXO age band. For coins aged 18 to 24 months, that level stands near $64,200. Read more
Bloomberg and Kaiko aim to embed licensed financial data directly on blockchain networks, targeting institutional tokenized Treasurys and repo markets. Bloomberg is collaborating with Kaiko, a Paris-based digital asset market data provider, to make Bloomberg’s licensed financial data accessible directly within blockchain environments rather than through traditional offchain databases. The companies said Thursday that the initiative is designed to address the challenge of inconsistent data across tokenized markets. In many tokenized asset ecosystems, companies may rely on different versions of pricing data, security identifiers or reference information, increasing the risk of discrepancies and operational inefficiencies. Read more
Bitcoin institutional flows are cooling while its long-term holders and network participants absorb the supply. In a range-bound regime, these are the key signals to watch. Since dropping by 35% from Jan. 14 to Feb. 5, Bitcoin (BTC) has consolidated in a range from $60,000 to $70,000 over the past 22 days. At the same time, several BTC adoption-linked metrics are moving in different directions across exchange-traded funds (ETFs), whales, miners and corporate Bitcoin treasuries. These divergences highlight steady capital commitment beneath muted price action and how each signal fits into the bigger picture. The 90-day rolling average of US spot Bitcoin ETF net flows has dropped to -$2.18 billion. Over the past two years, the metric has turned negative only twice: from March to May 2025, and in the current stretch that began on December 11, 2025. In both instances, Bitcoin followed with a corrective phase. Read more