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NEW: Washington-based think tank Cato Institute criticizes Bitcoin's tax treatment in the US, arguing that the current system makes it impossible to use BTC for everyday payments, as it puts an excessive administrative burden on citizens.

JUST IN: Bitcoin pumps back above $75,000! 🟢

Ethereum Fear and Greed Index is 42. Neutral Current price: $2,366

- BlackRock runs the iShares Ethereum ETF (holds lots of ETH) and has a tokenized USD fund (BUIDL) on Ethereum. - Fidelity runs the Fidelity Ethereum ETF (holds ETH) and offers tokenized funds plus crypto custody. - Franklin Templeton runs the Franklin Ethereum ETF and has tokenized money-market funds and ETFs on Ethereum. - Invesco runs the Invesco Galaxy Ethereum ETF (holds ETH). - JPMorgan Chase launched a tokenized money-market fund (MONY) on Ethereum and runs its Onyx platform on Ethereum Layer 2. - BNY Mellon provides ETH custody services for big clients and ETFs. - State Street offers crypto custody and is building tokenized funds and deposits on Ethereum. - Goldman Sachs has a crypto trading desk for ETH and a digital asset platform on Ethereum. - Morgan Stanley & UBS let clients trade ETH ETFs and, in some cases, ETH directly. - Bank of America, Charles Schwab, Vanguard allow customers to buy ETH ETFs on their platforms. $ETH is the best asset of this decade.

Standard Chartered's head of digital assets says Bitcoin will hit $500,000 by 2030. Near-term target: $100,000 by end of 2026. If Bitcoin matches gold's market cap, that's $1.6 million per coin.

And there it is, the inverse head and shoulders has played out. A bit messy, but price is now through the resistance and retesting it. With the Stochastic at oversold levels and a golden cross just formed, $ETH could be heading higher real quick.