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Bitcoin struggles to regain its footing above $80,000 as some buyers remain hesitant and heavy resistance builds overhead. Bitcoin (BTC) is struggling to enter a stronger breakout phase above $80,000, as capital inflows into the BTC market remain below levels seen in past bull runs. BTC futures traders are also staying cautious, while a growing number of investors who have held for the past six months may look to sell into key resistance levels, according to new analysis. The Week On-chain report from Glassnode stated that Bitcoin’s 30-day realized cap net position change recently climbed to $2.8 billion per month. The metric tracks the amount of new capital entering the BTC market over 30 days. Read more

Super PACs backed by the crypto industry are expected to spend millions of dollars in the 2026 midterm elections after many of their chosen candidates won in 2024. Voters in North Carolina, Texas and Arkansas will decide on some of the first candidates for the 2026 midterm elections in the United States as primary season kicks off, potentially influencing the future of Congress and crypto legislation. In Texas, Democratic Representative Jasmine Crockett is running for Republican John Cornyn’s US Senate seat for Texas. Crockett, a member of the House of Representatives since 2023, voted for the stablecoin payments bill GENIUS Act in July and FIT21, the previous version of the digital asset market structure bill before the CLARITY Act, which she voted against.  Crockett came under scrutiny in 2022 after the political action committee (PAC) Protect Our Future, whose backers included former FTX CEO Sam Bankman-Fried, spent $1 million supporting her run for the US House of Representatives. Web3 Forward, another PA...

U.S. President Joe Biden strongly defended Israel on Monday, saying Israeli forces are not committing genocide in their military campaign against Hamas militants in Gaza in a rejection of criticism from pro-Palestinian protesters. "What's happening in Gaza is not genocide. We reject that," Biden said at a Jewish American Heritage Month event at the White House. Biden has faced protests at many of his events around the country from pro-Palestinian advocates who have labeled him "Genocide Joe" for his steadfast support for Israel. In remarks at the White House event, Biden stressed his belief that Israel was the victim dating back to the Oct. 7 attack on southern Israel by Hamas militants who killed 1,200 people and took hundreds of hostages. He said U.S. support for the safety and security of Israelis is "ironclad." "We stand with Israel to take out (Hamas leader Yahya) Sinwar and the rest of the butchers of Hamas. We want Hamas defeated. We're working with Israel to make that happen," he said. Negotiations ha...