Last week, former president Trump advocating Bitcoin, aiming for U.S. leadership in bitcoin over China. Bitcoin's resilience was underscored by its performance during the recent CrowdStrike blackout. Investor Mark Cuban speculated that geopolitical instability and inflation could elevate Bitcoin to global reserve status. Crypto exchange Kraken received significant Bitcoin transfers from the Mt. Gox Rehabilitation Trustee for distribution to creditors. Bitcoin's hashrate drop to December 2022 levels raised miner capitulation concerns. Grayscale is launching lower-fee ETFs for their Bitcoin and EthereumTrusts. Bankrupt crypto lender BlockFi announced interim crypto distributions via Coinbase as part of their debt settlement plan. For more details, continue reading below.
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