The Bhutan government recently deposited almost 1,000 BTC into a Binance deposit address. It holds $900 million of the asset.
BlackRock’s IBIT recorded over $629 million in single-day inflows as the asset neared lifetime highs on Tuesday, ahead of next week’s U.S. elections.
In the Tuesday phone call with President Bola Tinubu, Biden praised the creation of a new bilateral working group focused on crypto and illicit finance.
The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.
"The company we’ve built is different from the company dYdX must be," said the CEO.
Token unlocking events usually weigh on prices, but multi-month reaccumulation, crowded shorts and bullish crypto prices could lead to a surprise rally, analyst said.