Bitcoin News Banca Sella has become the first Italian bank cleared to provide regulated Bitcoin(BTC) $75,068.01 services under the European Union's Markets in Crypto-Assets framework, complet
Banca Sella has become the first Italian bank cleared to provide regulated Bitcoin(BTC) $75,068.01 services under the European Union's Markets in Crypto-Assets framework, completing its notification with the Bank of Italy on May 27. The Biella-based lender plans to roll out custody, receipt, and transfer functions for digital assets before year-end, focused initially on corporate and institutional clients. Under MiCA, credit institutions can access certain crypto-asset services through a 40-day notification rather than the full licensing pathway demanded of non-bank providers. The €34 billion bank, which oversees more than €66 billion in assets under custody for 1.4 million customers, declined to launch trading at this stage.Analyst Benjamin Cowen pushed back on claims that spot ETF inflows, treasury demand, and the reserve-asset narrative have killed Bitcoin(BTC)$75,099.38's four-year cycle. He notes the recent peak printed within one week of historical timing, with the current cycle topping on day 1,162 compared with day 1,059 and day 1,168 in the prior two cycles. With BTC trading near $75,650 and down roughly 40% from the October 6 record of $126,080, Cowen projects the next cycle low in October 2026. Critics argue an apathy-driven top breaks the pattern, but he counters that equity markets between 1962 and 1982 entered bear markets from quiet peaks as well.
Grayscale Research projects SpaceX will eclipse every diversified public company in crypto exposure once it lists, citing 18,712 BTC already on its balance sheet. At current prices that stack is worth roughly $1.42 billion, or about 0.1% of the $1.75 trillion valuation reportedly targeted at the early-June debut. The Musk-led space firm sits in a separate category from pure-play digital-asset treasuries such as MicroStrategy, whose 843,738-coin position dominates its equity story. Revenue from rockets, Starlink, and government contracts means SpaceX's holding functions as a hedge rather than a leveraged proxy, a profile Grayscale expects more diversified corporates to adopt through 2026.
South Korea's KOSPI ripped 4.56% on Wednesday to a record 8,457, completing a 100% year-to-date doubling powered by Samsung Electronics and SK Hynix, which together account for roughly 42% of the benchmark. The index added about $220 billion in market value in a single session and around $900 billion across May. JPMorgan recently lifted its target to 9,000 with a 10,000 bull case. The rally has gutted Korea's once-dominant crypto flows: domestic exchange volumes have fallen roughly 80%, with the kimchi premium near -2.19%, signaling Bitcoin(BTC)$75,099.38demand from local retail investors has rotated decisively into leveraged memory-chip equity ETFs.
Self-custody wallet Manna has integrated Branta's Guardrails service to show verified merchant logos and corporate details inside the payment confirmation screen before users broadcast a Bitcoin transaction. The integration uses zero-knowledge proofs so Branta never sees the underlying addresses or invoices, preserving privacy while authenticating the merchant relationship. The release targets human error and emerging vectors borrowed from Ethereum, including poisoned-address dusting attacks designed to trick payers into copying a malicious recipient from on-chain history. Manna's CEO framed payment anxiety as the central drag on Bitcoin adoption, while Branta positioned Guardrails as open-source plumbing aimed at lifting trust at the point of sale.
South Korean influencer YoungHoon Kim, who claims a 276 IQ score, declared Bitcoin and XRP will turn "insane" starting June 2, calling the moment final on a seven-day countdown. Kim cited a +487% trading return this year and pointed followers to verification links, though the United Sigma Intelligence Association, which he founded, publicly stated it does not conduct psychometric evaluations or certify scores. Independent reviewers, including members of the Triple Nine Society, have called the figure statistically implausible under standard testing norms. His past short-term forecasts have largely missed on timing or magnitude, making the call more sentiment indicator than actionable signal.
Bitcoin trades near $74,958 after a 2.47% daily slide, with the candlestick structure confirming a downtrend. RSI at 41.27 sits in mid-bearish territory but is not yet oversold, while MACD remains bearish. Immediate support clusters at $75,194, with deeper defenses at $72,673 and $70,280. Resistance begins at $75,954 and stiffens at $78,110 and $81,382. A daily close back above $75,954 would invalidate the immediate bearish setup and open a path to $78,110; a clean break beneath $72,673 risks an extension toward $70,280, validating Cowen's case for a Q4 cycle low.
