Key Takeaways European regulators require unauthorized crypto firms to halt new customer onboarding and prepare orderly market exits. Clients should confirm providers appear in the ESMA Register or transfer assets to authorized alternatives. Coordinated enforcement with national authorities could increase after MiCA’s transition period concludes. EU Regulator Orders Unapproved Crypto Firms to Halt New Clients…
Key Takeaways Bitwise staked 1.775 million HYPE worth roughly $114 million on Hyperliquid, per Lookonchain. The firm runs the Bitwise Hyperliquid ETF (BHYP), which launched on NYSE Arca on May 15. BHYP directs 10% of its fees to buying and staking HYPE, tying the fund’s growth to protocol revenue. A $114 Million Onchain Bet Bitwise…
Key Takeaways China could benefit if Washington fails to set digital-asset rules before global standards harden. Strategist says the CLARITY Act is about market structure, dollar rails, and financial leadership. U.S. lawmakers face pressure as digital finance becomes tied to geopolitical competition. Digital Asset Rules Take on Geopolitical Stakes in Washington China could gain significant…
Key Takeaways Garlinghouse maintained confidence in bitcoin, emphasizing its enduring function as a digital store of value. Meanwhile, he criticized Strategy’s leveraged financing, arguing it increased pressure during the cryptocurrency market downturn. Looking ahead, investors may continue weighing bitcoin’s long-term appeal against risks tied to corporate borrowing strategies. Ripple CEO Brad Garlinghouse Says Bitcoin Has…
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…
