ARK Invest increased its stake in Bullish by 105,000 shares, worth $5.3 million, to 2.27 million shares valued at $114 million. Its crypto exposure now tops $2.15 billion.
The Fed's 25 basis point rate cut and Chair Jerome Powell's cautious stance led to a wave of selling, with 24-hour liquidations surging to over $1.1 billion.
Traders face a mixed outlook, with BNB's deflationary mechanics potentially leading to a boost if demand grows, but technicals show the price stuck in a narrow range.
Kalshi argues that the CFTC has exclusive jurisdiction over derivatives on federally regulated exchanges, and state interference would fragment the system.
Bithumb led with 12.4 billion won, followed by Upbit with 366 million won. Smaller amounts moved through Coinone and Korbit, while Gopax reported no activity.
Despite the drop, trading volume was only 7.55% above the weekly average, suggesting routine profit-taking rather than a significant shift in sentiment.
The feature is developed with Tether and was announced at the Plan ₿ Forum in Lugano, Switzerland. The first BTC tip was sent to content creator David Freiheit.
The country has also legally recognized its central bank digital currency (CBDC), the digital som, with plans to pilot government-related payments with it.
Trading volume for BNB increased nearly 35% above its seven-day average, with market analysts suggesting the price movement reflects long-term accumulation.
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