In crypto news today (July 9), Bitcoin has bounced back from yesterday’s pullback, climbing above $63,000 and up +0.5% over the past 24 hours. Liquidations have slowed considerably since yesterday, dropping from over $350M to $282M, with over $183M of that figure coming from long positions, signaling that bulls still haven’t learned their lesson from…
MARA Holdings has expanded its AI and digital infrastructure footprint by acquiring a 1,200-acre powered land site in Texas, helping lift its shares more than 12% as the Bitcoin miner continues to outperform many publicly traded crypto companies. Summary MARA has acquired a 1,200-acre powered site in Texas with up to 2 GW of planned…
Ethereum researchers have published a paper proposing native UTXO (Unspent Transaction Output) support for the network’s execution layer, and Cardano founder Charles Hoskinson responded on X with a pointed claim: Cardano has been running this model for over a decade, and Ethereum is arriving late without acknowledgment. In a July 7 tweet, Hoskinson said: “It’s…
PayPal USD (PYUSD) has become natively available on Polygon through the Polygon Open Money Stack, giving businesses direct access to the regulated stablecoin across payment, compliance and fiat conversion services. Summary PayPal USD is now issued natively on Polygon through the Open Money Stack, giving businesses direct access to regulated stablecoin payments and settlements. The…
Sony Bank has secured conditional approval from the Office of the Comptroller of the Currency (OCC), the US federal regulator that charters and supervises national banks, to establish a wholly owned US national trust bank subsidiary called Connectia Trust, with a $40M capitalization. The subsidiary’s mandate is to issue and manage a dollar-backed stablecoin, with…
In the two weeks around Bitcoin’s fall to a 21-month low, whale wallets absorbed roughly $16.7 billion of coins while the spot ETFs suffered their worst outflow month on record. The two most powerful forces in Bitcoin’s market structure are positioned in opposite directions, and the resolution of that disagreement is the Bitcoin trade for…
In Bitcoin news today, BTC dropped -3.5% on Wednesday, with price action stalling at the $62,000 level even as broader equity markets partially recovered, a divergence that signals the selling pressure runs deeper than simple macro risk-off. The world’s largest cryptocurrency by market cap is trading at roughly $63,000, and a retest of the $60,000…
In contrast, ARB and SKY are today’s top performers, gaining around 9% each. Bitcoin’s relatively minor volatility sessions continued in the past 24 hours as the asset dipped below $62,000 again before it rebounded by over a grand, only to be halted again. Most larger-cap alts have remained sluggish on a daily scale, with…
Paradigm has raised $1.2 billion for its fourth fund, extending one of crypto venture capital’s biggest names into a wider set of technology markets. The firm said the new vehicle will back builders working in crypto, artificial intelligence, robotics, and other areas near the edge of current software and hardware development. Summary Paradigm’s new fund…
AscendEX has shut down operations after citing regulatory requirements under the European Union’s MiCA framework and mounting financial difficulties, while warning that some customers may not recover their full crypto balances. Summary AscendEX has shut down operations, citing MiCA compliance requirements and financial difficulties. The exchange warned users that withdrawals will be reviewed manually and…
