Your morning crypto news round-up : • Bitcoin (BTC) is cu | Bitcoin & Crypto Trading

Your morning crypto news round-up :

• Bitcoin (BTC) is currently priced at $61,880 , following a period of volatility that saw a brief flash crash to around $8,900 on BitMEX and a drop below $65,000 amid record outflows from the Grayscale Bitcoin Trust (GBTC) .
• Standard Chartered has raised its year-end BTC price forecast to $150,000 , despite the “Coinbase premium,” an indicator of retail interest, diminishing as investors take short-term profits .
• The U.S. Department of Justice filed victim impact statements from FTX creditors as the sentencing hearing for Sam Bankman-Fried approaches, with prosecutors advocating for up to 50 years in prison .
• Japan’s Government Pension Investment Fund, the world’s largest state pension fund, is exploring bitcoin for portfolio diversification , signaling growing institutional interest in the cryptocurrency.
• Crypto exchange OKX has ceased support for USDT trading pairs in the EU and EEA, focusing on euro fiat onramps for regulatory compliance and security .
• Polygon Labs paid $4 million to Starbucks for the blockchain-based loyalty program Starbucks Odyssey, which is being shuttered after 18 months, highlighting the challenges and opportunities in blockchain partnerships .
• Bitcoin’s upcoming halving is notable as it’s the first time the price has rallied before the event, with transaction fees representing a significant portion of miners’ revenues and the potential for a highly valuable halving block .

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