Bitcoin Treasury Firm Acquired in SoftBank Deal
Tether acquires SoftBank’s stake in Twenty One Capital, consolidating control over the Bitcoin-buying firm; XXI’s stock up 5%, market cap $5.2B.
Zcash Surges Above Key Resistance
Zcash ($ZEC) breaks above $540 macro resistance, signaling potential bullish momentum with targets at $625 and $680. Analysts highlight key support at $540 if momentum falters. #Update #Crypto $ZEC
Bitcoin ETF Inflows Surpassed by Hyperliquid
HYPE ETFs outperformed bitcoin ETFs on three out of six trading days, with issuers buying 2.5x more tokens than Hyperliquid’s burn fund removed. #Update #Crypto
Russia China Launch Power of Siberia 2
Russia’s Gazprom and China agree on the Power of Siberia 2 pipeline route, potentially locking in decades of yuan-based energy trade. #Update #EnergyTrade
USDT Fuels $442 Billion Telegram Fraud Economy
Telegram and USDT from Tether are linked to a global fraud ecosystem projected to cause $442 billion in losses by 2025, necessitating regulatory action against these platforms. #Update #Crypto $USDT
Stablecoin Rules Revised as Consensys Advocates
@Consensys has submitted a detailed response to the Federal Deposit Insurance Corporation regarding its proposed stablecoin rules under the GENIUS Act, raising concerns about interpretation and enforcement. #Update #Crypto
EU Launches Consultation on MiCA Stablecoin Rules
The European Union has launched a consultation to review the Markets in Crypto-Assets (MiCA) regulations, focusing on stablecoin interest rules, DeFi risks, and classification gaps before the July authorization deadline. #Update #Crypto
Bitcoin Prices Flat Ahead of FOMC Minutes
Bitcoin (BTC) trades around $77,000 as U.S. stock indices gain slightly ahead of the Fed’s policy meeting minutes release today at 2:00 pm ET. #Update #Crypto $BTC
Hyperliquid HYPE Surges 101% Growth
Hyperliquid’s $HYPE token is up 101% YTD, decoupling from Bitcoin’s 12% decline, driven by diversified revenue and institutional interest like Bitwise’s ETF filing. #Update #Crypto
Bitcoin Impacted by US-Iran Conflict
Iran launches Bitcoin-backed shipping insurance amid US-Iran tensions; Bitcoin trades at $77,000. US inflation hits multi-year highs due to ongoing conflict. #Update #Crypto $BTC
Bitcoin ETF Outflows $331M XRP Solana Surge
Bitcoin ETFs saw $331.05M outflows, led by @Blackrock’s $325.58M loss, while Solana and XRP ETFs gained $3.78M and $1.48M, respectively. #Update #Crypto $BTC
Bitcoin Miners Protected as South Carolina Bans CBDC
South Carolina Governor signs Senate Bill 163, banning Central Bank Digital Currency payments by state agencies and protecting Bitcoin miners from discriminatory zoning and licensing rules. #Update #Legal $BTC
Ethereum Enhances Privacy with Vitalik’s Vision
Ethereum co-founder @VitalikButerin has outlined a roadmap aimed at enhancing Ethereum’s native privacy features, signaling progress towards making Ether a privacy platform. #Update #Crypto $ETH
Telegram Group Linked to Jane Street Insider Trading
New filings reveal a private chat, ‘Bryce’s Secret’, allegedly gave Jane Street an advantage before the collapse of UST, raising insider trading concerns. #Update #Legal $LUNA