Over-the-counter desks hold 416,000 bitcoin valued around $30 billion, a level that has remained stagnant for the past month.
The Crypto Council for Innovation has integrated with the Proof of Stake Alliance and secured partnerships with other policy groups in Japan and the U.K.
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.