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1. Stricter Regulations The UK's Financial Conduct Authority (FCA) is planning to ban retail investors from using credit cards and borrowed money to buy cryptocurrencies. This is meant to prevent scams and protect consumers from misleading or risky investments. 2. Economic Slowdown The U.S. economy reported weaker-than-expected GDP growth in Q1 2025. This created fear among investors, prompting them to pull out of risky assets like crypto. 3. Major Institutional Losses MicroStrategy (now rebranded as Strategy) reported a massive unrealized loss of $5.91 billion on its Bitcoin holdings. This has shaken confidence in large-scale crypto investments. 4. Political Uncertainty Despite high hopes, the first 100 days of Donald Trump's second term haven't sparked a crypto boom. Bitcoin has dropped over approximately 10% since his return, and concerns over meme coins and trade policies have dampened sentiment. 5. Market Scandals In Argentina, the $LIBRA crypto project collapsed after being promoted by President Javier Milei. Many investors lost money, and the scandal has hurt overall trust in the crypto market. Current Market Snapshot Bitcoin (BTC): Around $95800 (down from its peak of $109,000+ earlier this year) Total Crypto Market Cap: Roughly $2.91 trillion What Lies Ahead? Although the market is down now, crypto has a history of bouncing back. Investors are advised to stay calm, avoid panic selling, stay informed, and think long-term. Would you like help planning your next move or exploring which coins might recover fastest? $SOL $MELANIA @bitget

Europe is adopting stringent anti-money laundering standards that prohibit privacy coins and anonymous crypto account operations starting from July 1, 2027. Crypto service providers (CASPs) including exchanges and financial institutions must ensure they collect customer identification (KYC) data for all users or cease offering those services within the EU. The establishment of new privacy rules aims to restrict transactions involving Monero (XMR), Zcash (ZEC), and Dash cryptocurrency. The EU will ban all cryptocurrencies that aim to provide transaction anonymity from operating within its borders. The regulators claim that these coins enable users to execute hidden criminal operations and money laundering schemes easily. The new regulatory framework imposes strong management requirements, where transactions exceeding 1,000 euros will need complete participants’ identity verification, including senders and receivers. By adopting this measure traditional banking standards can better apply to crypto transaction processes. Related: OKX Wins Major European MiFID II License: To Start Regulated Crypto Derivatives Trading To enforce these changes, the EU establishes the Anti-Money Laundering Authority (AMLA) as a new enforcement body to regulate these changes. AMLA holds oversight responsibilities for approximately 40 managed crypto service providers that work with six or more EU member states. Under AMLA’s legal authority, these companies must maintain 20,000 registered users or exceed 50 million euros in yearly transactions. The EU adopted its privacy coin and account anonymity prohibition because its members want to stop crypto from offering protection for unlawful operations. These regulations will now force crypto service providers to rebuild their systems while enforcing strict know-your-customer (KYC) requirements for compliance purposes. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

$BTC As of May 3, 2025, Bitcoin (BTC) is trading around $96,390, reflecting a 63.8% increase over the past year. --- 📈 Technical Analysis Bullish Breakout: BTC has recently broken out from a descending channel and pennant pattern, signaling bullish momentum. Key Resistance Levels: $100,000 and $107,000 are critical resistance points. A sustained move above these levels could indicate further upside potential. Support Levels: On the downside, $92,000 and $85,000 serve as significant support zones. Indicators: The Relative Strength Index (RSI) is approaching overbought territory, suggesting caution. However, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, reinforcing upward momentum. --- 🧠 Market Sentiment & Institutional Activity Institutional Adoption: Major financial institutions are increasingly embracing Bitcoin. For instance, Strategy (formerly MicroStrategy) has expanded its holdings to 553,555 BTC, with an average purchase price of $68,459. ETF Approvals: The approval of Bitcoin ETFs has facilitated easier access for institutional investors, contributing to increased market participation. Whale Activity: Large investors have been accumulating BTC, with addresses holding over 1,000 BTC increasing by 3.1% in the past week. --- 🔮 Price Forecasts Short-Term Projections: AI models predict BTC could trade between $102,000 and $115,000 by the end of May 2025. Year-End Targets: Analysts offer a wide range of forecasts for Bitcoin’s price by the end of 2025, ranging from $122,000 to $700,000, depending on various factors including institutional investment and market sentiment. --- ⚠️ Risks & Considerations Seasonal Trends: Historically, May through October has been a period of weaker market performance, known as the "Sell in May and go away" phenomenon. Regulatory Developments: The UK's Financial Conduct Authority (FCA) plans to ban retail investors from borrowing money to invest in cryptocurrencies, aiming to protect consumers and maintain market integrity. Market Sentiment: The Fear & Greed Index is currently at 65 (Greed), indicating a potential for market corrections if sentiment shifts.

🚨 BREAKING 🚨 France unveils their plans to ban crypto including #bitcoin because "alot of criminals are using it"

The United States (US) blacklisted Cambodia’s Huione Group for laundering $4 billion in crypto scams linked to North Korean hackers. US sanctions Cambodia-based firm amid $4 billion fraud linked to North Korea The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has designated Huione Group, a Phnom Penh-based financial conglomerate, as a “primary money laundering concern,” accusing it of facilitating over $4 billion in illicit transactions tied to North Korea and Southeast Asian crime networks. “For years, Huione Group has laundered illicit proceeds from cybercrimes,” FinCEN stated in its official notice, filed under Section 311 of the USA PATRIOT Act.  The designation enables the US to ban all domestic financial institutions from maintaining correspondent accounts with Huione Group or its subsidiaries. FinCEN’s investigation identified Huione Pay PLC, Huione Crypto, and Haowang Guarantee as major conduits for laundering activities.The entities are accused of serving criminal enterprises through lax internal controls and insufficient Know Your Customer (KYC) procedures. Investigation unveils criminal ties to North Korea  Investigators have directly linked Huione’s platforms to cybercriminal activity between August 2021 and January 2025. FinCEN data shows that approximately $4 billion was processed through suspicious accounts, including: $37 million tied to North Korean cyber heists $36 million from crypto investment scams Over $300 million from various online fraud operations Huione allegedly acknowledged that its internal compliance procedures required “significant improvements,” particularly after it was found to be transmitting funds originating from DPRK-linked cyber operations. In response, the National Bank of Cambodia revoked Huione Pay’s operating license in January 2025. Tech giant Google followed suit in July 2024 by removing Huione Guarantee from its app platform after blockchain analytics firm Elliptic traced its networks to illicit activity. Despite mounting evidence, Huione Group has yet to issue a public statement and continues to evade media contact. What’s next? The proposed US sanctions against Huione could send shockwaves across crypto exchanges and trading platforms globally.  After the SEC dropped a flurry of charges against major crypto firms like Robinhood, Coinbase and Uniswap, FinCEN’s latest sanction on Cambodia-based Huione Group signals a regulatory will to push against unregulated crypto intermediaries, particularly those operating in Southeast Asia. While FinCEN has not disclosed whether cryptocurrency transactions will face fresh regulations, the Treasury recently increased transaction scrutiny for cross-border payments above $200, prompting speculation of further restrictions. $LTC $IOST $ETH $BTC