Bitcoin has retreated from its recent high of $67,000, marking a significant pullback in the cryptocurrency market. The decline comes amid broader market volatility and investor caution. In other news, Movement Labs has filed for Chapter 11 bankruptcy following a scandal involving a token-dump. The company is seeking to restructure its debts and stabilize operations after the controversy. Additionally, Russia has enacted its first comprehensive cryptocurrency law, signaling a new regulatory framework for digital assets in the country. Meanwhile, Jack Mallers has resigned as CEO of Twenty One Capital, stepping down from his leadership role.