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Bitcoin (BTC) surpassed $106,000 on the 19th due to strong buying pressure in the spot market. On-chain analysis platform Glassnode pointed out that daily Bitcoin buying on Coinbase reached $45 million on the 18th, claiming that spot market demand for Bitcoin significantly exceeds derivative market demand. Glassnode explained that Bitcoin has established a strong support line between $93,000 and $95,000 through new buyers within 155 days.
2. BlackRock Becomes Largest Bitcoin Holder Through ETF
BlackRock reached approximately 631,962 Bitcoins on the 19th through net buying in its spot ETF, becoming the world's largest Bitcoin holder. Crypto media Newscrypto.com reported on the 19th that BlackRock's Bitcoin spot ETF 'IBIT' recorded net buying of $129.73 million on the 16th, achieving about 3% of Bitcoin's market circulation.
3. UK to Mandate Crypto Companies' Customer Data Reporting from 2026
The UK government announced on the 18th that all cryptocurrency companies in the UK must report customer transaction data starting January 1, 2026, with the aim of applying transparent cryptocurrency taxation. The UK Tax Authority specified the data to be reported by cryptocurrency companies, including ▲customer name ▲home address ▲cryptocurrency transaction history ▲taxpayer identification number.
4. Tornado Cash Developers Claim US Prosecution Concealed Innocence Evidence
The lawyer of Tornado Cash mixer's developer Roman Storm submitted an official letter to the US court on the 17th, alleging that the US prosecution concealed evidence proving Tornado Cash's innocence. The lawyer explained that FinCEN has known since 2023 that cryptocurrency mixers do not fall under the US legal 'money transfer business', yet continues to pursue litigation against Tornado Cash.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
