The perpetual preferred yield holds at 11.5% for April as the 30-day volume weighted average price stabilizes near $100.
Exchanges and custody platforms must obtain financial services licenses within six months under the new framework.
The so-called quantum-resistant coins rally as traders switch to potential long-term security.
Asian stocks surged 4% and S&P 500 futures jumped after Trump said the conflict could conclude without a deal with Tehran, while Morgan Stanley’s newly approved bitcoin ETF at 14 basis points opens a $6.2 trillion advisory channel.
Record outflows and rising scarcity suggest accumulation, yet failure to break higher keeps setup unresolved.
Officials flagged March for initial approvals, but licensing has yet to begin with no updated timeline
The gap between bitcoin’s spot price and realized price is compressing toward levels that historically marked cycle bottoms, but the on-chain data shows the capitulation that typically precedes those bottoms hasn’t happened.