According to Crypto Rover, the UK Treasury has announced it will not follow the US approach to Bitcoin reserves nor adopt the EU’s MiCA regulations, instead opting to keep digital assets regulated by traditional financial rules (source: Crypto Rover, May 6, 2025). For traders, this decision signals that UK-based crypto platforms and investors will face a different regulatory landscape compared to US and EU markets, potentially affecting compliance costs and cross-border trading strategies. The move may encourage institutional players seeking regulatory clarity but could create challenges in harmonizing crypto asset trading across major markets.

According to Santiment, Ethereum experienced an 8% price surge in the last 24 hours, driven by a significant increase in whale accumulation as large wallet holders (holding over 10,000 ETH) reached a six-month high in holdings. This on-chain trend suggests increasing confidence among institutional investors, which is historically correlated with short-term price rallies and higher trading volumes (source: Santiment, June 2024). Traders should monitor resistance at the $3900 level, as blockchain data indicates potential for further upward momentum if this level is breached. Additionally, elevated on-chain transaction fees highlight increased network activity, signaling heightened trader participation (source: Glassnode, June 2024).