Bithumb faces suspension over $40B phantom Bitcoin
Bithumb, a South Korean crypto exchange, faces potential 6-month suspension for AML/KYC violations after mistakenly issuing $40B in 'ghost' Bitcoin during a promotional event.
South Korea plans to limit crypto exchange ownership to 20%, with a 3-year grace period. This may lead to significant share sales and potential financial holding company participation.
Bitcoin investor interest surged in February despite price weakness, indicating a potential market bottom. Online postings about Bitcoin increased significantly, reaching a 12-month high.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.