Strategy Up 7%, Nears 200 Day Simple Moving Average as Bitcoin Rallies

[EU Plans to Advance Pension and Cryptocurrency Regulatory Reforms by Year-End] EU Financial Services Commissioner Albuquerque announced plans to promote pension investment reforms and simplify transaction processes by the end of the year, while considering granting the European Securities and Markets Authority (ESMA) direct regulatory powers. Emerging sectors such as crypto asset service providers will also be included in a more centralized regulatory framework, but this will not undermine the functions of national regulatory authorities.

Hedera’s native token surged on high trading activity, breaking through multiple resistance levels and holding gains near $0.25.

The team claims that the network will debut with more than $2 billion in stablecoin liquidity.

[Royal Canadian Mounted Police Seize Over $56 Million in Cryptocurrency and Shut Down TradeOgre Platform] The Royal Canadian Mounted Police (RCMP) Federal Policing East District has announced the completion of the largest cryptocurrency seizure operation in the country's history, involving over $56 million, and for the first time, the shutdown of the cryptocurrency trading platform TradeOgre. The operation began in June 2024, following a lead provided by Europol. Investigations revealed that TradeOgre was not registered as a financial services business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and failed to fulfill customer identification obligations. Preliminary findings by the police indicate that the majority of the platform's funds are linked to criminal activities. Currently, related transaction data is under further analysis, and charges may be brought against the parties involved in the future.

[Trump Administration Seeks Supreme Court Ruling on President's Authority to Dismiss Federal Reserve Governor Cook] The Trump administration has formally submitted a request to the U.S. Supreme Court, seeking a ruling on whether the president has the authority to dismiss Federal Reserve Governor Cook. This move could have profound implications for the independence of the Federal Reserve, especially in the current context of highly sensitive economic policies. The appointment and dismissal of Federal Reserve governors are typically subject to strict limitations to ensure the independence of monetary policy. This case could become a landmark in defining the relationship between executive power and the Federal Reserve's independence.