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- Ether shows stronger short-term momentum than Bitcoin, says Santiment.
- U.S. Federal Reserve sunsets its 2023 crypto supervision program.
- Czech police arrest darknet founder over $45M Bitcoin bribery case.
The crypto market saw key developments today, with Ether showing a slight short-term advantage over Bitcoin, the U.S. Federal Reserve sunsetting its 2023 crypto supervision program, and Czech authorities arresting darknet founder Tomas Jirikovsky in a $45 million Bitcoin bribery case.
Ether Shows Stronger Momentum Than Bitcoin
Despite Bitcoin’s recent surge to a record high of $124,128, Ether (ETH) is holding a “slightly more bullish path,” according to analytics firm Santiment. The ETH/BTC ratio climbed 32.9% in the past month, reflecting Ether’s relative strength. Analysts note that social sentiment toward Ether remains more restrained compared to Bitcoin, potentially signaling room for further upside.
Both assets have retreated since Thursday, with Ether still eyeing its 2021 peak of $4,878. Santiment suggested the lack of overheated enthusiasm around ETH could support continued resilience versus Bitcoin in the near term.
Fed Ends 2023 Bank Supervision Program on Crypto
In a significant policy update, the Federal Reserve announced it will end its “novel activities supervision program” established in 2023. The initiative was designed to monitor banks engaged in crypto-related services, including deposits, lending, and payments tied to digital asset firms.
The Fed said it has gained sufficient understanding of risks and practices in the sector and will integrate oversight back into its normal supervisory process. While not signaling a retreat from crypto oversight, the move aligns with a broader shift to a softer regulatory stance under the Trump administration.
Czech Police Arrest Darknet Founder in Bitcoin Bribery Case
Meanwhile, Czech police arrested Tomas Jirikovsky, founder of the illegal Sheep Marketplace, in a dramatic raid involving an attempted rooftop escape. Jirikovsky is accused of paying former Justice Minister Pavel Blazek 468 BTC (worth $45 million) to avoid a prison sentence.
The alleged bribery, revealed earlier this year, forced Blazek to resign. Authorities confirmed Jirikovsky was taken into custody, with investigations now proceeding separately from other criminal cases tied to his darknet activities.
Ether’s relative momentum, the Fed’s regulatory pivot, and a high-profile Bitcoin bribery scandal highlight the evolving intersections of crypto markets, policy, and crime. While Bitcoin remains the market leader, Ether’s steadier sentiment could give it short-term strength, even as regulators and law enforcement continue to reshape the landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
Also Read: Nearly $1B in Crypto Liquidations as US Treasury Sends Mixed Bitcoin Signals
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