This week saw some big developments in the crypto market and regulations as Bybit pauses user registrations, stablecoin complexities arise, and Bitcoin’s future remains debated. Top stories covered this week include: 1) **Bybit Halts Registrations:** The world’s second-largest cryptocurrency exchange halted new user registrations in Japan following emerging regulatory requirements for digital assets. Existing customers will not be affected by this change. 2) **Stablecoin Challenges:** The stablecoin landscape saw a range of concerns, including fragmentation and user experience issues. ZachXBT highlighted the difficulties associated with cross-chain bridging and high transaction fees that impact liquidity and user ease in the ecosystem. 3) **Bitcoin’s Long-Term Future: ** Analysts remain cautious about Bitcoin’s price volatility, with some predicting a 70% drop before the next market downturn. 4) **Stablecoin Demand & Regulation:** The debate around stablecoins’ impact on banks was highlighted. Faryar Shirzad emphasized that stablecoins are used by global users for various purposes beyond simply impacting bank deposits and lending. 5) **Quantum Threat to Bitcoin Raises Concerns: ** While the technology remains in its infancy, experts believe quantum computing could pose a threat to Bitcoin in the near future. 6) **Regulation on Crypto Mining:** New Hampshire’s Senate voted on a bill aimed at deregulating crypto mining. The outcome highlights ongoing regulatory discussions and public feedback’s impact on these efforts. 7) **Stablecoin Regulation Concerns:** Coinbase argues that concerns about stablecoins harming US banks are misplaced and fail to consider the actual use cases of these tokens for businesses and consumers.