Bitcoin Nears $112,000 as Crypto News Booms with Institutional Moves and Regulatory Changes

The weekly news digest highlights Bitcoin reaching an all-time high of $112,000, indicating strong bullish momentum in the cryptocurrency market. Major US banks are developing their own stablecoins, reflecting institutional interest and potential mainstream adoption. Russia has prepared a draft law on digital assets, showing regulatory progress. The SEC will consider a proposal to launch an ETF based on $TRON, which could open new investment avenues. Vitalik Buterin suggested reducing the size of node staking requirements, addressing network decentralization and scalability concerns. The crypto community celebrated Bitcoin Pizza Day, reaffirming Bitcoin's cultural significance. In international news, Vietnam plans to block Telegram due to non-cooperation with authorities, hinting at regulatory clampdowns in certain regions. The U.S. Senate showed bipartisan support for a bill on stablecoins, signaling legislative backing. However, the SEC accused the crypto project Unicoin of fraud involving $100 million, highlighting ongoing regulatory scrutiny. FIFA is entering the blockchain space with a new platform in partnership with Avalanche, showcasing sports industry involvement. Solana Mobile announced the launch date for its crypto smartphone Seeker and introduced the $SKR token, reflecting growing crypto integration into consumer electronics.