SEC cancels crypto rulemaking meeting as Bitcoin slips to $62,962 and Fear & Greed hits 29

Two regulatory developments set the tone for a broadly negative session. First, the SEC cancelled its Reg Crypto rulemaking meeting — a session the industry had been waiting on for months — with no replacement date announced. That kind of open-ended delay tends to suppress risk appetite because it leaves companies and projects unable to plan around a clear legal framework. Second, MSCI, the index provider whose benchmarks underpin trillions of dollars in institutional fund flows, proposed excluding companies that hold large Bitcoin treasuries — firms like Strategy and Metaplanet — from its major stock indices. If adopted, the rule would force index-tracking funds to sell shares in those companies, removing one of the more visible channels through which institutional money has flowed into Bitcoin indirectly. Together, the two developments reinforced a cautious mood: the Fear & Greed index sits at 29, squarely in fear territory. Bitcoin fell 1.3% to $62,962, Solana dropped 1.2%, and most of the top 15 tracked assets closed lower. Bitcoin Cash was the session's hardest-hit major asset, down 4.1%, with no single catalyst beyond the general regulatory overhang. Cronos was the outlier, gaining 5% with no clear news driver — the move looks technical rather than fundamental.

• –Tether completed its first full audit by KPMG — a Big Four accounting firm — covering the $180 billion USDT stablecoin, and received a clean opinion, a credibility milestone the company had long promised.
• –JPMorgan terminated its banking relationship with Polymarket, the prediction market platform, while Baltimore filed suit against both Polymarket and Kalshi and a Washington court ordered Kalshi to halt certain offerings — a coordinated squeeze on crypto-adjacent prediction markets.
• –Trezor warned roughly 14,000 customers that a data breach at its fulfilment partner exposed their personal information, a reminder that hardware wallet security extends beyond the device itself.