After having troubles breaking past 9,700 - 9,800 on Wednesday and a quick retest of support levels at 9,000 on Thursday, BTC is now trading at around 9,100-9,250 intraday. A look at the daily chart confirms the formation of a lower high, with 20- and 50-day MAs acting as immediate resistance levels. Key support levels remain at around 8,500 - 8,600.

An interesting thing worth noting is the similarity between BTC's daily chart to the US SPX 500 daily chart, both sharing the same general trend since March. A correction for SPX may result in a drop for BTC as well, if the correlation is not merely a coincidence.

Global market cap is at $261B, while BTC's market cap is at $169B.

Telegram Agrees to Pay $18.5M Penalty in SEC Settlement Over Failed TON Offering - CoinDesk
Telegram has settled its six-month court case with the SEC, agreeing to pay $18.5 million in penalties and to notify the agency if it plans to issue another digital asset in the next three years.

Telegram has ended its six-month court fight with SEC and agreed to pay $18.5 million penalty. The company will also be responsible for a $1.22 billion disgorgement that is offset by $1.19 billion paid as "termination amounts in investors' purchase agreements and amounts loaned by investors to Telegram. The SEC has set the deadline at 30 days for the penalty and up to four years to pay back investors.

According to the settlement, Telegram should also notify the SEC if it wants to issue digital assets at any point over the next three years. The notification should come 45 days prior to the planned issuance.

Venezuela's Administrative Service for Identification, Migration, and Foreigners also known as SAIME, has reportedly disabled Bitcoin (BTC) as a payment method for passport purchases of Venezuelans living abroad. SAIME authorities didn't issue any explanation as to why the payment type is offline. According to a Cointelegraph report, SAIME officials never officially announced that BTC is accepted as a payment method for Venezuelans living abroad nor confirmed that they removed the payment method permanently.

Major Japanese Firm Reveals Plans for a Digital Securities Exchange
Tokai Tokyo Financial Holdings, a major Japanese traditional financial institution, is working towards launching a digital security exchange in Japan

Tokai Tokyo Financial Holdings, a major Japanese traditional financial institution and an investor in Huobi Japan, has unveiled a plan to develop their own security token exchange. As the first step, Tokai Tokyo is investing in blockchain company Hash Dash Holdings to help develop the exchange. The exchange will trade in tokenized real estate - with Tokai Tokyo, Hash Dash and ICHX TECH exploring this sector by digitizing Japanese real estate and trading it at iSTOX, a digital security exchange in Singapore. Digitizing IPs and corporate bonds are also being explored by the company.

This Daily Dose is brought to you by SCI news channel.