Pi loses ground. JD moves into stablecoins. BBVA chooses Bitcoin: Crypto News for June 18

#Ethereum #CryptoNews #Cryptocurrency #Bitcoin #CryptoMarket #BTCnews #PiNetwork #Stablecoins #Kraken ===================== 📈💰 All about crypto here: 👉 https://click.tradersunion.com/0y0oor4 ===================== 📢⚡ MORE NEWS: 👉 https://t.me/tu_crypto_news_en ===================== Video key moments 00:00​ - Start 00:15 - Why is Pi Network token down today? 00:40 - JD Technology to launch a stablecoin in Hong Kong 01:08 - BBVA recommends wealthy clients invest in Bitcoin 01:34 - Kraken partners with Alpaca 02:10 - Crypto Market Highlights for 06/18 ===================== 📣 Why is Pi Network token down today? ✔️ The Pi cryptocurrency faced a sell-off and dropped 15% since the start of the week, falling to $0.55. The decline is attributed to user dissatisfaction with shrinking token earnings due to mining feature adjustments. Another reason was a password leak on the Pi Chain Mall e-commerce platform, which uses the Pi token. As a result, users were forced to urgently change their login credentials. 📣 JD Technology to launch a stablecoin in Hong Kong by the end of 2025 ✔️ Coinlink, a subsidiary of retail giant Jingdong, is developing a regulated stablecoin that will be available on a public blockchain network. The project has been undergoing testing in the HKMA sandbox since July 2024 and includes a peg to the HKD and other currencies. The focus is on cross-border settlements, investments, and retail (including via JD Global in Hong Kong and Macau). The coin is expected to be listed on regulated exchanges. 📣 BBVA recommends wealthy clients invest in Bitcoin ✔️ One of the largest banks in Spain has, for the first time, directly advised affluent clients to allocate part of their portfolio to crypto — specifically Bitcoin and Ethereum. BBVA suggests investing between 3% and 7%, depending on the client’s risk tolerance. The bank manages around $700 billion in assets and serves over 80 million clients worldwide. 📣 Crypto exchange Kraken has announced a partnership with Alpaca ✔️ Crypto exchange Kraken has announced a partnership with Alpaca to expand access to cryptocurrency trading for financial institutions. Thanks to the integration of Kraken Embed and the Crypto-as-a-Service (CaaS) solution, broker Alpaca will be able to offer its partners even more capabilities — in particular, secure access to spot crypto trading via a unified Broker API. Both companies will focus on meeting the needs, preferences, and demands of clients and users, while prioritising compliance with regulatory requirements and industry laws. 🔎 Crypto Market Highlights for 06/18 ◾ The market is showing fall. ◾ Bitcoin is now trading around $104,900. ◾ Ethereum is trading around $2,520. ◾ Bitcoin dominance: 64.82%. ◾ Fear and greed index: 52 (neutral). ◾ Altcoin index: 18. ◾ Market capitalization: $3.26 trillion. ===================== 🔔 Don't forget to like this video and subscribe to our channel