UK regulator takes High Court action against HTX over crypto promotions

The UK’s financial watchdog sued Panama-based HTX exchange and unidentified persons, alleging illegal crypto promotions on social media despite warnings.

The UK’s financial watchdog sued Panama-based HTX exchange and unidentified persons, alleging illegal crypto promotions on social media despite warnings.

South Korean authorities launched an investigation into Bithumb after it mistakenly credited 620,000 BTC to users, adding to concerns about “paper Bitcoin” and internal controls.

The Bitcoin ETF rebound comes as analysts flag slowing outflows. Early BTC holders trim positions rather than exit as BTC hovers near $70,000, according to Bitwise.

Michael Saylor’s Strategy missed Bitcoin’s brief drop to $60,000 last week, purchasing $90 million worth of BTC at an average price near $78,800.

Crypto ETP outflows slowed to $187 million after weeks of losses, with a record $63 billion in trading volume, suggesting a “potential market nadir,” CoinShares said.