Crypto and Regulations Discussed at Debate; Over $40 Million in Early Bitcoin Moved as Adoption Grows but Broader Market Shows Signs of Slowing
• Crypto discussed at Republican presidential debate; candidate Vivek Ramaswamy proposed relaxing regulations on crypto industry
• Solana founder said future of Saga phone uncertain due to disappointing sales; may pivot to cheaper "smart wallet"
• Over 1,000 BTC from bitcoin's early days moved this week after 13 years of dormancy; now worth over $40 million
• Long-dormant "Satoshi era" bitcoin becoming active seen as sign of growing adoption
• Futures data shows capital outflows and more sellers than buyers for major cryptos besides BTC, XMR and ETH; hints at potential breather for bull market