Bitcoin Bulls Alerted by Bond Market Signals
The bond market indicates a potential shift towards prolonged higher interest rates, affecting risk assets like cryptocurrencies; Bitcoin bulls should remain vigilant. #Update #Crypto $BTC
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Bitcoin and Ether ETFs Lose $111 Million
US spot bitcoin and ether ETFs saw outflows of $111 million as institutional interest wanes; Bitcoin funds lost $82 million and ether funds $29 million amid hawkish Fed projections. #Update #Crypto $BTC $ETH
STRC Preferred Stock Plummets Below Par
@MicroStrategy sold 32 $BTC for $2.5M to fund STRC dividends, marking its first sale since 2022. The company holds 846,842 $BTC, about 4% of total supply. STRC dipped below par amid volatility. #Update #Crypto $BTC
Bitcoin Buying Below 200-Week Average Delivers 100% Returns
Bitcoin $BTC is trading at $63,900, above its 200-week SMA of $62,358; historically, buying below this average has yielded over 100% median returns, according to @Kraken’s Chief Economist. #Update #Crypto $BTC
Bitcoin Dips After Fed’s Hawkish Stance
Bitcoin and ether dropped after a hawkish Federal Reserve decision, despite President Trump’s Iran deal boosting stocks. Analysts predict $BTC will remain in the $60,000 to $70,000 range without major catalysts. #Update #Crypto $BTC $ETH
CME Plans Lawsuit Against CFTC After Approval
CME Group CEO @TerrenceDuffy announced plans to sue the U.S. Commodity Futures Trading Commission over its approval of perpetual futures products, claiming they violate the Dodd-Frank Act. #Breaking #Legal $BTC
Bitcoin Bull Run Slows as Investor Appetite Shifts
Next bull run will be slower, as Wall Street shifts focus to AI and tokenization, while interest in $BTC remains high. Bitwise’s Matt Hougan predicts a long-term bullish outlook. #Update #Crypto $BTC
Kentucky Targets Prediction Markets Amid Trump Clash
@Polymarket defends against CFTC’s regulatory claims on prediction markets, supported by Trump, as the agency counters lawsuits from eight states including New Mexico. #Update #Legal $USDT
Fidelity Joins Wall Street’s Stablecoin Race
@Fidelity launches a money market fund for stablecoin issuers, compliant with the GENIUS Act, investing in short-term U.S. Treasury securities and cash to manage reserves efficiently. #Update #Crypto $USDC
Blockchain Revolutionizes FIFA Ticket Sales
@FIFA is leveraging Avalanche’s blockchain to enhance ticketing transparency and combat scalping at the World Cup, providing better fan data insights while keeping personal information offchain. #Update #Crypto $AVAX
Coinbase Ditches Trading Fees for Survival
@Coinbase launched new products including derivatives and stablecoin payments, aiming to diversify revenue beyond trading fees amidst subdued crypto markets. Analysts view this as a strategic shift. #Update #Crypto $BTC
Bitcoin Layer-2s Struggle Amid Bear Market
Bitcoin layer-2s face challenges as many holders resist giving up custody for synthetic tokens; experts suggest focusing on unique Bitcoin-enabled products rather than competing with established ecosystems. #Update #Crypto $BTC
Fed Holds Rates Steady Under Chairman Warsh
The Federal Reserve held its benchmark fed funds rate steady at 3.50%-3.75% under new Chairman Kevin Warsh, with markets anticipating potential future rate hikes amid persistent inflation. #Update #Crypto $BTC $ETH
Bitcoin Tax Hits Illinois Digital Asset Holders
The Illinois government has enacted a 0.2% tax on digital asset transactions, expected to raise $60 million, despite industry pushback; Governor J.B. Pritzker approved the tax on June 16. #Update #Legal $BTC