An unofficial GameStop Solana-based memecoin also saw a huge surge following speculation the retailer is considering adding crypto to its balance sheets.
Tether criticized analysts at JPMorgan who speculated the issuer may need to sell its Bitcoin holdings to comply with newly proposed US stablecoin bills.
Bitcoin wallets hit a five-month low as retail investors sell, while whales accumulate billions, and institutional outflows continue amid global economic uncertainty.
The country’s securities regulator will also allow 3,500 corporations and professional investors to open “real-name” accounts on cryptocurrency exchanges as part of a pilot...