BTC Back Under $70k, MegaETH Gives TGE Update, Japan Elects Crypto Friendly PM

Crypto majors are red overnight after a major relief rally on Friday brough BTC back to $70k; BTC -3% at $68.9K; ETH -5% at $2,030; SOL -5% at $84; XRP -3% at ~$1.40. H (+11%), DCR (+9%) and WLFI (+4%) led top movers. Bitcoin rebounded 11% on Friday, climbing back above $70K after touching $60K Thursday in its worst single-day drop since FTX collapsed. XRP led the recovery, rocketing 17% as the bounce gathered momentum. China formalized bans on yuan-linked stablecoins and classified most RWA tokenization as illegal. The Financial Times published an opinion piece positing that at $69k, Bitcoin is still $69k too expensive. The White House is set to host another roundtable with crypto firms and banks tomorrow to push towards agreement on Clarity Act. South Korean exchange Bithumb accidentally credited users with 2,000 BTC each instead of a tiny cash reward (recovered 99%). Coinbase’s crypto-backed loans notched record liquidations with $170M wiped out via Morpho in a week, including $90.7M on Thursday alone. Cathie Wood’s Ark Invest sold $19M in Coinbase shares Thursday, just days after buying more COIN. Bitfarms pumped on news that it’s pivoting from Bitcoin mining to AI, rebranding, and moving to the U.S.