Key Takeaways Grayscale warned stalled crypto legislation could add pressure to bitcoin and digital asset treasuries. Galaxy Research cut CLARITY Act passage odds to 50-50 amid Senate uncertainty. Traders are watching whether Congress acts before weaker sentiment pushes prices lower. Bitcoin’s Next Price Test Narrows Around the CLARITY Act The CLARITY Act has moved to…
Key Takeaways The EU has issued roughly 230 MiCA licenses, with Germany leading on 56, the Netherlands on 26, and France on 21. Spain’s CNMV says there will be no extension to the July 1 deadline for crypto firms. More than 80% of EU crypto firms remain unlicensed days before the transitional period ends. A…
Key Takeaways Bitcoin’s difficulty rose 7.15% at block 955,584 on June 26, marking the year’s second-largest increase. Hashprice dropped 18.34% in 30 days to $28.68 per PH/s, squeezing margins for Bitcoin miners network-wide. Hashrate holds near 984 EH/s as miners absorb losses, betting on cyclical recovery and future BTC accumulation. The Screws Tighten Onchain data…
Key Takeaways U.S. spot bitcoin ETFs lost $445 million on June 26, a seventh straight day of redemptions. Blackrock’s IBIT absorbed nearly the entire bitcoin outflow, its largest single-day exit since launching in 2024. Ether ETFs also bled for a seventh day, leaving institutional demand in question heading into July. A Seventh Straight Day in…
Key Takeaways Bitcoin trades at $60,262 on June 27, sitting below all 12 tracked EMAs and SMAs. 13 of 15 moving averages signal bearish signals, keeping BTC’s combined technical rating in the negative. Bulls need a confirmed daily close above $62,000 to shift the outlook toward neutral. 1-Hour Chart: Buyers Losing Steam After a Short…
Key Takeaways A trader netted $8.47 million in a day thanks to bets on the Sweden-Japan and Ecuador-Germany games. The Sweden-Japan match ended 1-1, paying the trader about $4.38 million on a $7.19 million position. World Cup volatility has minted and erased fortunes for many recently, with one trader winning $4.7M and another losing $4.2M…
Key Takeaways Jadyel Alencar called a public hearing on Bill 4308/2024 to determine Brazil’s stablecoin regulation. Abcripto urged keeping stablecoins as digital assets to shield the local market from EU-style rules. Julia Rosin backed central bank oversight and opposed the electronic money taxonomy to align with international jurisdictions. Brazil’s Crypto Industry Opposes Stablecoin Designation As…
Key Takeaways STRC trades below $75, with Arkham calling it a junk bond ranking among Strategy’s most junior obligations. Polymarket assigns STRC a 33% chance of hitting $100 by Dec. 31, drawing $23,722 in total trading volume. Cullen Roche warns STRC’s floor rests on market confidence, not cash flow, leaving recovery tied to bitcoin’s price….
Key Takeaways Australian securities regulator gave crypto firms more time to get their licenses in order. ASIC also widened the relief to cover some firms working under existing license holders. The relief does not change existing licensing requirements, and ASIC may still take enforcement action in cases of serious misconduct. Digital Asset Firms Receive More…
Key Takeaways SpaceX is joining the Nasdaq-100 and FTSE Russell’s U.S. equity indexes less than a month after its record-breaking IPO. Index inclusion may increase fund demand, trading volume, and visibility among institutional investors. Shares have experienced volatility since listing. SpaceX Inclusion Highlights Growing Influence of Aerospace Innovation in Major Market Benchmark Elon Musk’s Space…
