UK Moves to Ban Crypto Political Donations; Bitcoin Dips Below $68K, BNB and AVAX Slide

UK Moves to Ban Crypto Political Donations; Bitcoin Dips Below $68K, BNB and AVAX Slide

N
News Editor 01
2026-07-23 10:40:14
The UK government proposes a temporary ban on crypto political donations. Bitcoin drops 4% to $68K amid $14B options expiry. Whale addresses increase holdings; Pepeto presale hits $8M. BNB and AVAX also decline.
BitcoinUKcryptocurrency political donationsPepetoBNBAVAX

The UK government is moving to impose a temporary ban on cryptocurrency-based political donations, following the Rycroft Review on foreign financial interference. Prime Minister Keir Starmer stressed the need to protect democratic processes during a parliamentary session this week. Concurrently, the bitcoin price experienced a 4% crash, falling below $68,100 as $14 billion worth of options expired on Deribit, amplifying volatility.

Whales Accumulate as Retail Sells

Amid the panic, on-chain data reveals a different narrative. Wallets holding more than 100 BTC grew by 0.4% during the drop, indicating that large players are deliberately liquidating positions to buy cheaper. These same whale wallets are also entering the presale of Pepeto, a project that has raised over $8 million and is approaching a Binance listing. Analysts project a potential 1,000x return from the current entry price of $0.000000186.

BNB and AVAX Hold Key Levels

BNB trades at $609, with a market cap of $83 billion. A recovery to $750 would deliver a 19% gain, supported by its robust ecosystem. AVAX stands at $8.81, holding above the $9 support with solid Layer 1 infrastructure; a return to $13 would represent a 37% increase. While these established assets offer modest upside, presale entries like Pepeto are positioning for exponential returns upon listing.

Pepeto: Pepe Cofounder, Exchange Utility, Binance Listing

Pepeto was built by the Pepe cofounder, featuring a zero-fee swap aggregator (PepetoSwap), a cross-chain bridge, and a contract danger detection tool. SolidProof has audited the smart contracts, and a former Binance expert is on the dev team. With 192% APY staking and a Binance listing on the horizon, analysts argue that this combination is the rarest this cycle. The official Pepeto website remains the only entry point before the listing turns presale capital into the returns the market will talk about.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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