Bitcoin Custody Shift: Texas Moves Directly
Texas allocates $10M to establish a Strategic Bitcoin Reserve, shifting from ETF exposure to direct custody of Bitcoin, with an advisory committee overseeing management and reporting. #Update #Crypto $BTC
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Bitcoin Targets $78K as Support Holds Strong
Bitcoin ($BTC) rebounds to $74,000, targeting $78,200 as key support at $71,400 holds. Analysts predict potential gains of up to $101,100 in six months if momentum continues. #Update #Crypto $BTC
Arca Exec Warns $15B Preferred Stock Crisis
@Arca’s Jeff Dorman highlights concerns over a $15 billion preferred stock obligation, suggesting potential pressure on capital structure and CEO comments hinting at possible Bitcoin sales. #Update #Crypto $BTC
ICE Launches 24/7 Onchain Perpetuals Initiative
@IntercontinentalExchange CEO Jeffrey Sprecher advocates for regulators to permit 24/7 onchain perpetual futures trading, highlighting discussions with @Hyperliquid and the impact on traditional finance. #Update #Crypto $BTC
XLM Surges Over 50% This Week
$XLM surged over 51% after @DTCC announced plans to integrate its tokenized securities platform with the Stellar Network, targeting a 2027 launch, but faces potential pullback risks. #Update #Crypto $XLM
Ethereum Faces Downside Pressure as $1.8K Holds
Ethereum analysts caution that downside risks persist as traders monitor the critical $1,800 support level for stability. #Update #Crypto $ETH
Celsius CEO Seeks Sentence Vacate After Lawyers Withdraw
Alex Mashinsky, former CEO of @CelsiusNetwork, files a motion to vacate his 12-year fraud sentence in New York, claiming ineffective counsel. #Update #Legal $CEL
Bitcoin Miner Inflows Surge Amid Price Struggles
Bitcoin faces downward pressure as miner inflows to exchanges rise, with spot demand weakening and new shorts opening. Analysts question if $70K is the next target. #Update #Crypto $BTC
Bitcoin Funding Spike Defends $70K Level
Bitcoin’s funding rate rises as investors defend $70K support, but over $200M in ETF outflows raises concerns. Open interest remains stable amid cautious sentiment ahead of economic reports. #Update #Crypto $BTC
Crypto Derivatives Launch for US Institutions
@Coinbase integrates with Deribit, enabling eligible US institutional investors to access global crypto options and perpetual futures markets. #Update #Crypto $BTC $ETH
Crypto Seizure Hits Nearly $1 Billion
US Treasury Secretary Scott Bessent announced the seizure of nearly $1 billion in Iranian crypto assets, doubling the amount disclosed in April. #Update #Crypto $BTC
Bitcoin Burn Destroys 107 BTC Worth $8.5M
An unknown entity burned 107 BTC worth $8.5M, raising theories of tax loss harvesting or accidental transfer by an AI agent; total burned BTC now at 807. #Update #Crypto $BTC
Bitcoin Buyers Step In Amid Weak Volume
Bitcoin dip buyers have emerged near range lows, but new leveraged longs lack sufficient volume to reverse the downtrend. #Update #Crypto $BTC
Bitcoin Dip Buyers Resist Selling Amid Weak Volumes
Bitcoin’s price fell to $72,500 amid significant ETF outflows totaling $1.42 billion last week, raising concerns of a drop into the $60,000-$70,000 range; however, spot volumes are defending support. #Update #Crypto $BTC