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EUIPO Warns Of Risks From Illegal Platforms And Counterfeits 

The Head of Service of Outreach and Knowledge at the European Union Intellectual Property Office (EUIPO), Claire Castel, has issued a stark warning about the dangers associated with using illegal platforms and counterfeit goods. Speaking to the Cyprus News Agency (CNA), Castel highlighted the economic and security risks posed by piracy and counterfeit operations, which fund organised crime and expose consumers to identity theft, viruses, and financial scams.

Castel emphasised the necessity of public awareness in combating intellectual property (IP) infringement. She pointed out that, despite improvements in the availability of legal platforms since the early 2000s, illegal streaming and counterfeit products continue to undermine legitimate businesses and sports organisations by diverting necessary funding and revenues. These illegal activities not only jeopardise the financial stability of these entities but also endanger consumers by offering substandard products that fail to meet safety and health standards.

To mitigate these risks, Castel advised consumers to verify the authenticity of websites by looking for HTTPS in the URL, checking for clear contact information, reading reviews on trusted platforms, and ensuring the presence of legal disclaimers and privacy policies. She also recommended the EU’s agorateka portal, which lists over 4500 legal content sources, as a resource for distinguishing between legitimate and pirated digital content.

Addressing the cost-driven motivations behind the consumption of counterfeit goods and pirated content, Castel acknowledged that affordability and accessibility are significant factors. However, she urged consumers to consider the hidden costs of such choices, including health and safety risks, cybersecurity threats, and the support of organised crime. Castel called for a continued European-wide approach to tackling IP crime, supported by the EU policy cycle and member states’ participation.

This comprehensive strategy underscores the need for collective action and consumer vigilance to safeguard economic interests and public safety against the pervasive threat of illegal platforms and counterfeit operations. As the digital landscape continues to evolve, so too must the measures to protect intellectual property and ensure a secure online environment for all.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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