“Corrupt” CLARITY Act, SBF pardon ban, and a unique solo miner

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The Kursoff team has prepared a weekly digest featuring the main news and trends from the world of cryptocurrencies, regulation, and artificial intelligence. Concise, straightforward, and without unnecessary details — everything currently influencing the market.

Market and Bitcoin: bottom formation and large transfers

BTC price dynamics

The week proved positive for the leading cryptocurrency. After starting below $62,000, the asset showed steady growth following new US inflation data and briefly surpassed the $65,000 level. Bitcoin has now stabilised and is trading within the $63,900–64,500 range.

US government moved $288 million in assets

US authorities transferred a large volume of seized cryptocurrency to the Coinbase Prime platform: 3,800 BTC and more than 30,000 ETH. These assets were confiscated as part of major criminal cases, including those linked to the now-defunct BTC-e platform.

Experts note that this does not necessarily indicate preparations for a sale — the transaction may simply represent an internal redistribution between government wallets.

Major redistribution of “old” coins is nearing completion

Galaxy Digital analysts note that 2024–2025 saw the largest “awakening” of old major Bitcoin holders since 2017. However, this large-scale redistribution of assets from weak hands to long-term investors is now almost complete.

In addition, CryptoQuant analysts and analyst Axel Adler confirm that the market is in the final stage of bottom formation. Currently, 86.5% of the coins held by short-term investors remain at a loss, indicating that selling pressure is becoming exhausted.

Currently, 86.5% of the coins held by short-term investors remain at a loss, indicating that selling pressure is becoming exhausted.

Bitcoin at $500,000?

Well-known analyst PlanB stated that October’s peak of $126,000 was not the top of this cycle. Based on his Stock-to-Flow model, he believes BTC could reach $500,000 between 2026 and 2028, with a possible range from $250,000 to $1 million, linking these cycles exclusively to the impact of halvings.

Regulation: key laws in the US, EU, and Asia

Disputes surrounding the CLARITY Act in the US

The US cryptocurrency market structure bill has faced serious opposition. Three Democratic senators publicly described it as “corrupt” and claimed that it promotes Donald Trump’s personal business interests. To move the bill forward, its supporters need 60 votes in the Senate, so Trump’s team is already preparing compromise versions of the bill’s ethical provisions to gain opposition support.

US Senate banned a pardon for SBF

The Senate unanimously approved a resolution fully prohibiting a pardon or sentence reduction for FTX founder Sam Bankman-Fried (SBF). As a result, the executive branch, including the president, will not be able to legally reduce his 25-year prison sentence.

Digital euro (CBDC) is being prepared for 2027

The European Central Bank (ECB) selected 36 financial giants, including Revolut, Deutsche Bank, and UniCredit, to participate in large-scale testing of the digital euro, which will begin in the second half of 2027. The European Union aims to create a state-backed alternative to dollar-pegged stablecoins and reduce its dependence on US payment systems Visa and Mastercard.

News from Asia

• Japan: The country’s parliament officially recognised crypto assets as financial instruments. Cryptocurrencies will now be subject to strict rules aimed at preventing insider trading.
• Thailand: The central bank and the Securities and Exchange Commission will launch extensive monitoring of large stablecoin transactions to combat illicit financial flows.
• China: The Supreme People’s Procuratorate published an official strategy to strengthen criminal prosecution for money laundering involving cryptocurrencies, despite the decentralised and anonymous nature of these assets.

Artificial intelligence: AI-generated code and the “agentic state” in Ukraine

AI writes 95% of Coinbase code

Coinbase management stated that nearly all of the source code for its products — from 95% to 100% — is already generated by artificial intelligence models without human participation. This has completely transformed the development structure: small teams of two or three people now perform tasks that previously required around ten programmers.

This has completely transformed the development structure: small teams of two or three people now perform tasks that previously required around ten programmers.

Ukraine continues moving towards an Agentic State

The Ministry of Digital Transformation is actively implementing the concept of an “agentic state,” under which artificial intelligence will automate public services in the Diia application, such as the automatic payment of minor fines. The creation of the national language model (LLM) “Siaivo” is planned by the end of this year.

Lawsuits against Meta

A group of Meta employees filed a lawsuit against the company, accusing management of using artificial intelligence algorithms to select employees for dismissal. The plaintiffs claim that the AI unfairly selected people who were on maternity leave or sick leave. The company denies the allegations.

Unique case: solo miner received a $200,000 reward

A genuine cryptocurrency miracle of the week: a home miner using a small Bitaxe device costing just $250 independently found Bitcoin block No. 957382.

The device had a computing power of only 1 TH/s. At such a hash rate, the mathematical probability of independently finding a block is approximately once every 16,000–18,000 years. By mining through Public Pool without fees, the lucky miner received 100% of the reward — 3.1382 BTC, or more than $200,000 — directly to their wallet. This once again proves that anything is possible in the world of cryptocurrencies.

Follow the news with Kursoff to stay informed about the market’s key developments and always find the safest and most favourable conditions for exchanging crypto assets.