Hey crypto addicts,

Bitcoin found renewed momentum after U.S. inflation cooled to 3.5%, coming in below market expectations and boosting hopes that the Federal Reserve may take a less aggressive stance on monetary policy. The softer inflation data helped lift Bitcoin back toward the $65,000 level as investors returned to risk assets following weeks of uncertainty.

Lower inflation typically eases pressure on interest rates, creating a more supportive environment for assets like Bitcoin. However, despite the encouraging data, markets remain cautious as geopolitical tensions and the outlook for energy prices continue to cloud the economic picture. Investors will now be watching upcoming economic data and Federal Reserve commentary for further clues on the direction of monetary policy.

For crypto investors, the latest inflation report provides a welcome boost to sentiment, but the broader trend has yet to be confirmed. While macroeconomic conditions appear to be improving, Bitcoin must still overcome key technical resistance before a sustained recovery can take hold. Until then, volatility is likely to remain a defining feature of the market. ☕

What we’ve covered for you today:

Revolut has received in-principle approval from Dubai's Virtual Assets Regulatory Authority (VARA) to provide virtual asset services in the United Arab Emirates, bringing the global fintech one step closer to launching regulated crypto trading and investment products in one of the world's fastest-growing digital asset markets. The approval allows Revolut to move toward offering broker-dealer, exchange, management, and investment services once final regulatory requirements are met.

The development strengthens Dubai's position as a global crypto hub, where regulators continue to attract major international firms through a clear licensing framework. With more than 75 million customers worldwide, Revolut's expansion into the UAE could significantly broaden access to regulated digital asset services across the region.

For the crypto industry, the approval highlights the growing convergence of traditional fintech and digital assets. As major financial platforms continue securing regulatory approval in key jurisdictions, crypto services are becoming increasingly integrated into mainstream financial products, supporting broader institutional and retail adoption.☕

BNB Chain has completed its 36th quarterly token burn, permanently removing approximately 1.61 million BNB, worth around $932 million, from circulation. The burn reduced BNB's total supply to just over 133 million tokens, moving the network closer to its long-term goal of reducing the circulating supply to 100 million BNB through its automated burn mechanism.

The quarterly Auto-Burn operates independently of Binance and calculates the number of tokens to destroy based on BNB's price and network activity. The latest burn also marks the beginning of a new process, with future burns taking place directly on BNB Smart Chain following the network's Fusion upgrade.

For BNB holders, continued token burns reinforce the asset's deflationary model by gradually reducing supply over time. While burns do not guarantee higher prices, decreasing the circulating supply alongside growing network adoption could strengthen BNB's long-term value proposition as one of the leading utility tokens in the crypto ecosystem.☕

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Circle has won a legal dispute over the USDC minting and redemption account of crypto fund Heka, after an arbitrator ruled that the stablecoin issuer acted within its contractual rights when it suspended the account. The case stemmed from Circle's concerns that Heka was using large-scale USDC redemption activity to benefit rival stablecoin Tether during the market turmoil following the Silicon Valley Bank collapse. The arbitrator ultimately found that Heka had acted in bad faith and dismissed its claims for damages, awarding legal costs to Circle.

The ruling highlights the level of oversight stablecoin issuers maintain over institutional minting and redemption services, particularly when market integrity and compliance concerns arise. It also underscores the growing competition between major stablecoin providers as they vie for market share in an increasingly important segment of the digital asset industry.

For the broader crypto market, the decision reinforces the importance of governance, transparency, and contractual compliance within the stablecoin ecosystem. As stablecoins become a larger part of global finance, legal disputes over issuance, redemptions, and market conduct are likely to become more common.

Ethereum may have gained a powerful new long-term growth catalyst following the launch of Robinhood Chain, the brokerage's new Layer 2 network built on Ethereum. Because the network uses ETH as its native gas token and settles transactions on Ethereum, every new user, transaction, and tokenized asset activity has the potential to increase demand.

South Korea is preparing to bring digital assets under its new National Asset Basic Act, marking a significant shift in how the government manages public assets. The proposed framework will officially recognize cryptocurrencies alongside traditional state assets such as real estate and intellectual property, while also laying the groundwork for tokenized government bonds.

The Czech Republic has added Polymarket to its list of unauthorized online gambling platforms, ordering internet service providers to block access to the prediction market within 15 days. Regulators argue that Polymarket operates without the required local gambling licence and therefore cannot legally offer its services in the country.

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Another day in the crypto trenches, another portfolio battle…