Bitcoin drops toward new 2026 lows as spot BTC ETF outflows and slowing accumulation from Strategy weigh on market sentiment. Key takeaways: Cooling oil prices and a multi-month high for the US dollar are keeping intense pressure on non yield-bearing assets. Spot Bitcoin ETF outflows paired with Strategy’s slowest buying pace in 18 months signal …
Continue reading “Bitcoin nearly loses $59K as DXY surges: Are traders bracing for more pain?”
The prediction markets company claimed that it would be “irreparably harmed” when an Illinois law signed as part of a budget package goes in effect on July 1. Prediction markets company Kalshi has filed a lawsuit against state officials in Illinois over legislation it says “expressly bans sports event contracts” on its platform. In a …
Continue reading “Kalshi sues Illinois officials over prediction markets restrictions”
The crypto-aligned Fairshake PAC and its affiliates spent a combined $8 million on media to support candidates in Maryland, New York and Utah amid pushback from many criticizing “crypto billionaires.” Several Democrats and one Republican who were supported by more than $8 million worth of ads funded by cryptocurrency-aligned political action committees (PACs) won their …
Continue reading “Crypto-backed candidates notch wins in three US state primaries”
A joint investigation by the blockchain analytics firm Elliptic and Thailand’s police force just unraveled more than half a billion dollars in suspicious crypto transactions across Southeast Asia. In a statement, Elliptic says that its Asia-Pacific Intelligence team joined hands with the Royal Thai Police’s High-Tech Crime Division (HTCD) for a data-sharing initiative involving cases …
Bitcoin price dropped below $60,000 for the first time in weeks, but data shows traders betting on a relief bounce. Bitcoin (BTC) hit new two-week lows at Wednesday’s Wall Street open as traders predicted a rally to a “poor” lower high. Key points: Bitcoin price action edges closer to range lows, which traders still see …
Continue reading “Bitcoin falls under $60K, but traders anticipate 15% bounce”
A $525 million Bitcoin buy wall intersects with a major liquidation zone, creating a key battleground between $60,500 and $65,000. Bitcoin (BTC) has fallen 3% over the past 24 hours, trading into a dense buy-side liquidity zone after slipping below $61,000. More than $525 million in buy bids initially stacked between $60,500 and $61,500 created …
Continue reading “Bitcoin crash to $60K opens new $530M demand zone: Will bulls buy in?”
A new pilot from Stablecore, Circuit and Curql gives participating US credit unions access to test stablecoin payments and other digital asset services. Stablecore, a digital asset infrastructure provider for financial institutions, has launched an early-access program for US credit unions, a move aimed at helping smaller lenders evaluate stablecoins and other blockchain-based financial services …
Continue reading “Credit unions managing $25B in assets join stablecoin infrastructure program”
Binance said it plans to seek authorization in another EU jurisdiction just days ahead of the July 1 MiCA deadline, as unlicensed crypto firms are expected to wind down activities in the bloc. [Update 14:47 UTC, June 24: Updates with comments from Binance beginning in first paragraph.] Crypto exchange Binance is withdrawing its MiCA application …
Continue reading “Binance withdraws Greece-filed MiCA application”
One of the few analysts who accurately called Bitcoin’s 2025 top predicts that it will take a while for BTC to return to the six-figure level. The pseudonymous analyst KillaXBT tells his 208,000 followers on X that Bitcoin will likely see the $100,000 level but it won’t happen until 2027 based on historical precedence. “I’m …
Cardano wallet SecondFi traced the incident to an address-level issue and secured 129 million ADA after attackers drained funds from 374 addresses. A vulnerability in Cardano-based wallet SecondFi allowed attackers to drain user funds, resulting in major losses. SecondFi on Wednesday confirmed it had identified the root cause of the exploit and is now engaging …
Continue reading “SecondFi traces Cardano wallet exploit to address-level issue”
Strategy’s cash reserves are now enough to pay only 14 months of dividends from the previous seven-year level. CryptoQuant said the company should pause Bitcoin purchases and rebuild its reserves. After Strategy’s dividend coverage fell to 14 months from seven years, CryptoQuant said the company led by Michael Saylor should pause Bitcoin purchases and focus …
Continue reading “CryptoQuant warns on Strategy’s dividend coverage as cash reserve falls 38%”
Cboe launched its first prediction market product tied to the S&P 500 index, citing a growing investor demand for binary options contracts. Market operator Cboe Global Markets has entered the prediction markets business with the launch of Cboe Predicts, a platform debuting with binary contracts tied to the S&P 500. The contracts are now available …
Continue reading “CBOE debuts prediction market with S&P 500 contracts”
Standard Chartered said tokenized assets moving into DeFi could drive deposits into Aave and help the protocol rebuild its position as a dominant onchain lending platform. Banking giant Standard Chartered has identified Aave as a potential beneficiary of tokenized assets as they move into decentralized finance (DeFi), saying the protocol could rebuild its position as …
Continue reading “Aave positioned to capture tokenized asset growth in DeFi: Standard Chartered”
A US equity strategist at Citi thinks a market rotation could soon give small cap equities a big boost. Scott Chronert says in a new interview with CNBC that the artificial intelligence (AI) trade still remains attractive for now but advises a greater exposure in small non-AI companies. “The issue here is less about conviction …
Bitcoin research said that BTC price action remained in tune with previous cycles as the bear market produces a 20% discount to its four-year “adoption structure” trend line. Bitcoin (BTC) is “compressed” at low levels but its classic cycles remain intact, say new research. Key points: Bitcoin is acting just like in prior cycles as …
Continue reading “BTC price four-year trend calls for $76K as analysis says Bitcoin ‘not broken’”
