| | Plus, Standard Chartered doubles down on its bullish Bitcoin forecast. | ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ | View in browser | | | | Your weekly roundup of the 🔥hottest news in crypto: | | | | Ripple Seeks US Banking License, Standard Chartered Bullish on Bitcoin, & Other News | | | |  | | #1 Ripple applies for US banking license, joining crypto rush for legitimacy Ripple CEO Brad Garlinghouse confirmed on X on Wednesday that the company is applying for a license with the US Office of the Comptroller of the Currency (OCC), following an earlier report by The Wall Street Journal. "True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC," he wrote. Garlinghouse said if the license is approved, it would be a "new (and unique!) benchmark for trust in the stablecoin market" as the firm would be under federal and state oversight — with the New York Department of Financial Services already regulating its Ripple USD stablecoin.
| | | | | | | | #2 Standard Chartered expects Bitcoin to hit new highs of $135K in Q3 Global bank Standard Chartered is bullish on Bitcoin for the rest of the year, citing increasing corporate treasury buying and strong exchange-traded fund inflows. Standard Chartered expects Bitcoin to print new highs of $135,000 by the end of the third quarter and then break $200,000 by the end of the year, the bank's digital asset research head, Geoff Kendrick, said in a Wednesday report shared with Cointelegraph. "Thanks to increased investor flows, we believe BTC has moved beyond the previous dynamic whereby prices fell 18 months after a 'halving' cycle," Kendrick said, adding that the common halving trend would have led to price declines in September or October 2025.
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FTX estate asks court to freeze payouts in 'restricted' countries FTX's bankruptcy estate has raised concerns over payouts to creditors in countries with ambiguous or restrictive cryptocurrency regulations. On Wednesday, the FTX estate filed a motion with the US Bankruptcy Court for the District of Delaware, seeking authorization for the FTX Recovery Trust to freeze distributions to creditors in "potentially restricted foreign jurisdictions." The jurisdictions — 49 countries in total — have unclear or restrictive crypto laws, potentially posing risks due to complex cross-border legal implications. "Distributions made by or on behalf of the FTX Recovery Trust into jurisdictions in violation of these legal restrictions may trigger fines and penalties, including personal liability for directors and officers, and/or criminal penalties up to and including imprisonment," the filing reads.
| | | | | | | | | Prediction of the Week
DOGE double-bottom pattern hints at price rebound to $0.25 Dogecoin is trading near $0.17, staging a modest rebound after fluctuating between $0.13 and $0.25 since February. Despite its sideways movement, DOGE remains the seventh most traded crypto by 24-hour trading volume. Investors continue to monitor whether the memecoin can reclaim the key psychological level of $0.25. The daily chart reveals DOGE tracing a double bottom pattern, a classic reversal signal, with a support base at $0.15 established over recent weeks. This long-term setup hints at a potential climb to $0.25, a target that could materialize sooner than expected. Over the past two months, DOGE has been confined within a descending channel, a pattern indicating signs of a potential uptrend breakout. Pseudonymous crypto analyst Trader Tardigrade posted an analysis on X, highlighting a decisive move above the 50-day trendline, followed by a successful retest and an uptrend continuation. | | | | | | | | | FUD of the week
$20M crypto scam victim who sued Citibank says 2 more banks liable The self-claimed victim of a crypto romance scam who recently sued Citibank for failing to catch red flags has just filed a second lawsuit targeting two other banks. Michael Zidell sued East West Bank and Cathay Bank in a California federal court on Tuesday, accusing the banks of turning "a blind eye to their statutory duties and obligations." He claimed he sent 18 transfers totalling nearly $7 million to the alleged scammers' account at East West Bank, and made 13 transfers totalling over $9.7 million to an account at Cathay Bank.
| | | | | | | | | FUD of the week
IRS division failed to meet standards for seizing crypto, says watchdog A US government watchdog has recommended reforms to the Internal Revenue Service (IRS) criminal investigation division's handling of digital assets, citing repeated failures to follow established protocols. In a Tuesday report, the US Treasury Inspector General for Tax Administration said its evaluation of the IRS criminal investigation division revealed shortcomings around the seizure and safeguarding of digital assets. According to the government watchdog, the IRS failed to follow all guidelines between December 2023 and January 2025 for seizure memorandums around confiscated crypto, detailing the addresses, dates and amounts.
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