BitMart Announces Trading Shutdown, BMX Token Drops More Than 60%
Another big development has emerged in the crypto market. The well-known crypto exchange BitMart has announced that it is shutting down its global trading service in phases. Following this news, the price of the company’s own token, BMX, dropped by more than 60% within just 24 hours, surprising investors. According to BitMart, new registrations, crypto and fiat deposits, and new trading have already been halted. The company stated that spot and futures trading will be completely closed by August 26, 2026, after which the platform will also be phased out.
US House Passes Congressional Stock Trading Ban Amid Loophole Debate
The US House of Representatives has approved a bill aimed at limiting stock trading by members of Congress. The proposal is designed to reduce conflicts of interest and prevent lawmakers from using information gained through public office for personal financial benefit. Under the bill, members of Congress, their spouses, and dependent children would no longer be allowed to purchase new shares of publicly traded companies. However, they would still be allowed to keep the stocks they already own. If they decide to sell those holdings, they must publicly disclose the planned sale several days in advance. Anyone who violates the proposed law could face financial penalties and would also be required to give up any profits earned through prohibited trades. Supporters believe the legislation is an important step toward improving ethics and restoring public trust in government. They argue that lawmakers should focus on serving the public rather than benefiting from privileged information. Critics, including Senator Elizabeth Warren, believe the bill does not go far enough. According to them, allowing lawmakers to keep and eventually sell existing stock holdings leaves room for potential conflicts of interest. They have called for a complete ban on owning, buying, or selling individual stocks while serving in Congress. The bill will now move to the US Senate, where it is expected to face further debate before it can become law. #SICryptoNews #USsenate $BTC $LINK $XRP
U.S. House of Representatives Passes Bill to Ban Congressional Stock Trading
An important development has emerged in the United States aimed at increasing financial transparency. The U.S. House of Representatives has passed a bill intended to prevent members of Congress from using information obtained through their positions for personal financial gain. Under this bill, members of Congress, their spouses, and dependent children will not be allowed to purchase new shares of any future public company. However, an important point is that they may hold their existing shares and, according to specific rules, sell them later. Before selling, they will be required to publicly disclose it.
China Invests Billions in Tech ETFs: What Could It Mean for Bitcoin Miners? China has stepped in with one of its biggest market support measures in recent years by investing billions of dollars into technology-focused exchange-traded funds (ETFs). The move comes after a sharp decline in Chinese technology stocks and is aimed at restoring confidence in the country's tech sector. A large portion of the investment is focused on semiconductor companies, which play a critical role in the global technology industry. By supporting these firms, China hopes to strengthen its chip manufacturing ecosystem and stabilize the broader market. Why Does This Matter for Crypto? Although this may sound like a traditional stock market story, it has important implications for the cryptocurrency industry. Many leading Bitcoin mining companies are no longer focused only on mining. They are also expanding into artificial intelligence (AI) infrastructure, where high-performance semiconductor chips are essential. If China's efforts help improve the semiconductor industry and stabilize chip supply, Bitcoin miners involved in AI projects could benefit from better access to advanced hardware and improved business opportunities. #SICryptoNews #BitcoinETFs $BTC $XRP $ETH
China invested billions in tech ETFs—will the benefit go to Bitcoin miners?
China has taken a major step to support its technology industry. The government has invested billions of dollars in ETFs related to semiconductor and technology companies to prevent the severe downturn hitting the market and to restore investor confidence. In the recent weeks, there has been a significant decline in Chinese tech stocks, after which the government intervened by announcing an investment. The purpose of this move is not only to stabilize the stock market, but also to strengthen chip-making companies and the advanced technology sector.
Bitwise CIO Predicts the Biggest Crypto Bull Market Yet The crypto market is once again attracting the attention of investors. Matt Hougan, Chief Investment Officer at Bitwise, believes the next crypto bull market could be the biggest the industry has ever seen. According to him, blockchain technology is moving beyond digital assets and becoming a key part of the traditional financial system. Hougan says investors should pay close attention to two areas that could lead the next wave of growth. The first is Hyperliquid-style crypto protocols. These platforms are not just attracting users—they are generating real revenue. A major reason they stand out is their token model, where a large portion of platform revenue is used to buy back tokens from the market. This can reduce supply and potentially increase long-term value for token holders. The second is Robinhood-style companies that are actively integrating blockchain into their financial services. Instead of running small pilot projects, these companies are building real products and gaining practical experience as the financial industry evolves. Hougan believes that trends such as stablecoins, tokenization, 24/7 trading, instant settlement, and increasing institutional participation will play a major role in driving the next crypto bull market. While these developments are encouraging, investors should remember that the crypto market remains highly volatile. Every investment decision should be based on careful research and proper risk management rather than market excitement alone. #SICryptoNews #BitcoinETFs $BTC $LINK $HOODB
The crypto market is once again becoming the focus of investors. Bitwise’s Chief Investment Officer, Matt Hougan, has predicted that the upcoming crypto bull market could be the biggest yet. According to him, blockchain technology is no longer limited to crypto only, but is also becoming part of the traditional financial system.
Russia Legalizes Crypto, But Not for Everyone Russia is moving closer to introducing its first comprehensive cryptocurrency law, and while the headlines suggest that crypto has finally been legalized, the full story is much more complicated. The proposed law gives cryptocurrency an official legal status as digital property and creates a regulated framework for the industry. However, the biggest benefits are aimed at businesses, while ordinary citizens will face strict limits on how much crypto they can own and use. One of the most significant changes is that Russian companies will be allowed to use cryptocurrency for cross-border trade. This is expected to help businesses complete international transactions more efficiently, especially at a time when Russia continues to face international financial sanctions. For individual investors, the rules are much stricter. Under the proposed framework, ordinary Russians will only be allowed to purchase around $3,800 worth of cryptocurrency per year through licensed platforms. Transfers abroad will also be limited, while only qualified investors will have access to much higher limits. Despite recognizing crypto as a legal digital asset, the law still prohibits using cryptocurrency for everyday payments inside Russia. This means people will not be able to buy goods or services with Bitcoin or other digital currencies, and the Russian ruble will remain the country's only legal payment method. Another major change is the gradual phase-out of peer-to-peer (P2P) crypto trading. The government wants more transactions to take place through regulated platforms where activity can be monitored and taxed. If approved, most provisions of the law are expected to take effect on September 1, 2026, while unlicensed platforms will have until July 2027 to comply with the new regulations. #SICryptoNews #RussiaCrypto $BTC $XRP $LINK
Russia legalizes crypto, but imposes strict restrictions on ordinary citizens
Russia has introduced a law regarding cryptocurrency that has attracted attention worldwide. At first glance, this news seems positive because Russia is reportedly going to grant crypto a clear legal status for the first time, but when the details of the law came to light, it turned out that its benefits are mostly for businesses, while strict limits have been set for ordinary citizens.
Pakistan Launches Crypto Investigation Unit to Combat Money Laundering Pakistan has taken another important step toward strengthening its digital asset ecosystem by launching a dedicated Crypto Investigation Unit within the Federal Investigation Agency (FIA). The new unit is designed to investigate crimes involving cryptocurrencies, including money laundering, terrorist financing, and other illegal financial activities. The unit will operate under the newly established National Command and Control Centre (NC3), which brings together financial crime monitoring, cybercrime investigations, dark web intelligence, and open-source intelligence on a single platform. This integrated approach is expected to improve the speed and effectiveness of investigations. At the same time, the Pakistan Virtual Assets Regulatory Authority (PVARA) will continue to oversee the regulation and licensing of digital assets. In simple terms, PVARA will regulate the crypto industry, while the FIA will focus on enforcing the law and investigating criminal misuse. Pakistan has become one of the world's fastest-growing crypto markets in recent years. The government has already lifted the long-standing crypto banking restrictions, introduced a regulatory authority, and started building a legal framework for digital assets. However, discussions around the religious and legal status of cryptocurrencies continue. Some Islamic scholars have expressed concerns about crypto, while regulators are exploring Shariah-compliant digital finance solutions, including asset-backed stablecoins and blockchain-based Islamic financial products. #SICryptoNews #CryptoPakistan $BTC $XRP $DOT
Pakistan has set up a new investigation unit against crypto crimes
An important development has emerged in Pakistan’s crypto currency sector. The Federal Investigation Agency (FIA) has established a dedicated Crypto Investigation Unit to investigate crimes related to crypto. The purpose of this initiative is to prevent the misuse of crypto in money laundering, the financing of terrorism, and other illegal activities.
Waiting for Bitcoin’s Four-Year Cycle Bottom Could Be a Costly Mistake For years, Bitcoin investors have relied on the idea of a four-year market cycle. Many believe the best strategy is to wait for the expected bottom before buying. However, some analysts now argue that this approach may not work the same way in the current market. Crypto analyst Doctor Profit believes investors waiting for another traditional cycle low could miss a major opportunity. According to him, Bitcoin's market structure is changing as institutional participation continues to grow, making historical patterns less reliable than before. The analyst considers the $54,000 level an important liquidity zone but does not expect Bitcoin to fall significantly below it. Instead of waiting for a perfect bottom, he suggests accumulating gradually over time rather than investing all at once. Several potential catalysts could support Bitcoin in the coming months. These include the continued expansion of tokenized financial assets, possible regulatory progress in the United States, and increasing institutional involvement through major financial firms. Another encouraging sign is the return of positive flows into US spot Bitcoin ETFs. After weeks of outflows, the funds have started attracting fresh capital again, indicating renewed confidence from large investors. While no one can predict the market with certainty, one thing is clear: Bitcoin today is influenced by institutional demand, regulation, and global financial developments more than ever before. Investors who rely only on past market cycles may overlook these changing dynamics. As always, every investment decision should be based on careful research, risk management, and a long-term perspective rather than on historical patterns alone. #SICryptoNews #BitcoinETFs $BTC $LINK $BROCCOLI714
Could waiting for Bitcoin’s four-year cycle prove harmful this time?
In the crypto market, it has been widely believed for some time that Bitcoin follows a specific cycle about every four years. Because of this, many investors keep waiting for the market to drop first, and then buy. But this time, some experts believe conditions are not the same as before. According to the famous crypto analyst Doctor Profit, if investors continue to rely only on the old four-year cycle, they could miss a good opportunity. He says the likelihood of a major drop in Bitcoin is not as strong as it used to be, because now the market includes not just individual retail investors but also large financial institutions.