Crypto Markets Rocked as Bitcoin Treasury Firm Crashes and SEC Resolves Gemini Case

The dramatic fall in Nakamoto's share price has sent shockwaves through the cryptocurrency sector, potentially marking the start of what some analysts are calling a "death spiral" price crash. The company, led by David Bailey, has been a significant player in the bitcoin treasury space, and its sudden decline has raised concerns about the stability of similar investment vehicles in the crypto market.

Despite the market turmoil, PayPal has announced a major expansion of its cryptocurrency services, introducing peer-to-peer payments using Ethereum and Bitcoin ^[3]. This move represents a significant step forward in mainstream crypto adoption, allowing users to send and receive money across apps, borders, and currencies as easily as sending a text.

The regulatory landscape continues to evolve, with France taking a strong stance on crypto regulation within the EU. French authorities have threatened to block some crypto firms licensed in other EU countries from operating domestically ^[4], highlighting growing tensions in European crypto regulation.

Security concerns have also emerged as hackers discovered a new method to embed malware in Ethereum smart contracts ^[5]. This development has raised alarms about potential vulnerabilities in crypto wallets, as the malware can be disguised as ordinary blockchain traffic.

1. Bitcoin Suddenly On The Brink As ‘Death Spiral’ Price Crash Nightmare Is Coming True
2. SEC Decides on “Resolution in Principle” for Gemini Earn Program
3. PayPal Ushers in a New Era of Peer-to-Peer Payments with Ethereum and Bitcoin
4. Exclusive-France threatens to block crypto licence 'passporting' in EU regulatory fight
5. Hackers Just Found A Way To Hide Malware In Ethereum Smart Contracts — And Your Crypto Wallet Could Be Next