The Great Bitcoin Dump

Bitcoin faces volatility after a whale dumps 24,000 BTC ($2.7B), even as whales accumulate Ethereum and BlackRock adds $150M more ETH. Markets brace for Powell’s Jackson Hole decision, with Fed officials signaling caution on rate cuts while Asian stocks rally on pivot hopes. In Washington, Senator Lummis pushes a crypto bill, the DOJ shifts enforcement focus, and banks lobby to reshape the GENIUS Act. Globally, China eyes yuan-backed stablecoins, while Coinbase’s $2.9B Deribit buy and Bullish’s IPO show institutions diving deeper. With whales, regulators, and Wall Street all moving fast, will Powell’s decision spark Bitcoin’s next big move?