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Crypto

Bitcoin retreats after 12-week high, fails again near $79,000

Bitcoin briefly reclaimed a 12-week high of $79,399 but fell back in Asian trading and failed to retake $80,000. It was last down 2.09 percent over 24 hours at about $77,700. Analysts flagged $80,000 as a level where selling often emerges as underwater positions are closed. Major altcoins also weakened. Funding rates in perpetual futures remained negative, leaving room for a short squeeze if spot prices hold above breakeven levels.

Crypto

U.S.-China rivalry spills into cryptocurrency with diverging strategies on bitcoin

The U.S. Department of Defense is operating bitcoin nodes to run network security tests, in its first official acknowledgement of such activity, as competition intensifies over using bitcoin as a national security asset. Admiral Samuel Paparo Jr said bitcoin is linked to national security and has cyber applications beyond its economic value. Iran, Taiwan and Russia are also considering or using bitcoin in payments or reserves. U.S.-China tensions extend to seized holdings and mining supply chains.

Politics

Is Trump finished? Impeachment bets surge as Democrats seen winning back House

On U.S. regulated prediction market Kalshi, the implied probability of President Donald Trump being impeached rose to 66.6 percent. The contract settles “yes” if the U.S. House votes to impeach before January 2028, without requiring a Senate conviction or removal from office. Trading volume has exceeded $2.76 million. Another market prices a Democratic House takeover at about 71 percent, a key factor in expectations for renewed impeachment moves.