Crypto

Bitcoin's climb from $58,300 to $64,400, then back to $62,700, over the past week is a bounce that still leaves the price below two important levels tracked by Glassnode: the True Market Mean near $76,600 and the short-term holder cost basis near $72,200. The firm places Bitcoin in the later stages of a bottoming process, […] The post Bitcoin’s bottom needs long-term holders to stop losing $280M a day appeared first on CryptoSlate.

Ethereum price has slipped, and it also brings its prediction down. Meanwhile, Hoskinson argued that it was borrowing ideas from Cardano The post Ethereum Price Prediction: Hoskinson Accuses ETH of Taking Cardano Ideas Without Credit appeared first on Cryptonews.

ETFs face record outflows

BTC rose 1.2% to $63,000 and Nasdaq futures jumped 2.6% with markets seemingly unconcerned by U.S. airstrikes on Iran. Bitcoin is now up 9% since the end of June.

Revolut said USDT support remains unchanged outside EEA and Switzerland as it winds down the stablecoin offering in selected European markets. Revolut, a crypto-friendly digital banking platform, said its Tether USDt (USDT) delisting will not affect all customers globally. The delisting will affect Revolut customers in the European Economic Area (EEA) and Switzerland, while support for the stablecoin will continue in other markets, a spokesperson for the company told Cointelegraph. Revolut said the decision followed a review of its crypto services and risk considerations under the European Union's Markets in Crypto-Assets Regulation (MiCA). Read more

The $400 billion wealth fund plans to expand AI holdings to 15% of its portfolio by 2031 from the current 6%.

One of the critical metrics has been in the red for over 50 days now.

Perpetual futures and Hyperliquid’s blockchain infrastructure are expanding into traditional asset classes with around-the-clock trading, according to Pantera Capital. Perpetual futures are on track to become one of the dominant trading instruments in global finance, with decentralized exchange Hyperliquid demonstrating how blockchain-based infrastructure could challenge traditional markets, according to Pantera Capital. The blockchain-focused asset manager said in a Wednesday X post that perpetual futures offer structural advantages over traditional derivatives, including 24/7 trading, no contract expiries, simpler position management and continuous price discovery, making them increasingly attractive beyond crypto markets. Pantera, an investor in the Hyperliquid ecosystem, said Hyperliquid has become the leading example of that shift by expanding perpetual futures beyond cryptocurrencies into equities, commodities and stock indices as part of founder Jeff Yan's vision of “housing all of finance.” Read more

Bitcoin spot ETFs posted a fresh net outflow on Wednesday as analysis said that their "most overwhelming" outflow streak had ended without a clear demand recovery. Bitcoin (BTC) institutional demand is “not yet strong” despite positive inflows to the US spot Bitcoin exchange-traded funds (ETFs). Key points: Read more

A trader on Ostium has held a $1.14 million long position in EUR/USD perpetual futures for 400 days, applying a bitcoin-style HODLing strategy to forex.

The New York-based subsidiary, fully owned by Sony Bank, will be capitalized with $40 million to support its upcoming stablecoin business operations.

Daily unlocks fall 43% on July 24 while nearly half the token’s total supply was already unlocked by April. The post Sam Altman’s Worldcoin cuts WLD unlocks by 43% but 4.9B tokens still need to prove demand appeared first on CryptoSlate.

A wave of blockbuster AI listings is drawing billions of dollars from global investors, reinforcing a rotation away from crypto.

The two Thai arrests were part of Operation First Light, a 97-country sweep that logged 5,811 arrests and intercepted $293 million.

The Bank of Korea reiterated its call for bank-led won stablecoin issuance while advancing deposit token pilots, as issuer rules remain a sticking point in South Korea’s digital asset bill. The Bank of Korea (BOK) has doubled down on its stance that won-denominated stablecoins should first be issued through bank-led consortiums. According to local reports from Digital Asset and EDaily, the central bank made the comments in materials submitted on Thursday to the National Assembly's finance committee. Local outlets reported that the BOK called for safeguards, including priority issuance by bank-led consortiums and a statutory policy body involving relevant agencies. The latest comments reinforce the BOK's months-long push to keep won stablecoin issuance under bank-led structures. The central bank's stance has divided policymakers and industry groups and contributed to delays in South Korea's digital asset bill. Read more

SWIFT launched its new blockchain ledger that will host a tokenized bank deposit pilot for 17 major banks seeking faster cross-border payments. The world's largest financial messaging network, SWIFT, said its blockchain-based ledger is ready for initial use after nine months of development. Seventeen major banks, including HSBC, Citi, BNP Paribas, UBS, ANZ, DBS and Standard Chartered, are preparing to pilot cross-border payments using tokenized bank deposits on the new ledger, SWIFT announced on Thursday.  The ledger will enable participating banks to support 24/7 cross-border payments, including overnight and weekend transactions, while maintaining existing compliance, credit, risk and control standards embedded in current payment processing. Read more

Fresh Iran news sent us scrambling last night, but the panic did not last. Bitcoin and Ethereum price reversed within hours. Why? The post Crypto News, July 9: Iran Market Fears Fade as Bitcoin and Ethereum Price Shrug Off Another Panic appeared first on Cryptonews.

Santiment reported that bitcoin supply is at its lowest since 2017 and ether since 2015, adding that it doesn’t guarantee prices will move higher but helps set up crypto’s next bull cycle.

Binance is exploring new licensing paths into Europe while continuing to expand its regulatory footprint in Asia, says co-CEO Richard Teng. Binance is in talks with regulators that have invited the exchange to apply for crypto licenses following its withdrawal from the Markets in Crypto-Assets Regulation (MiCA) application in Greece, according to co-CEO Richard Teng. Teng said at the Reuters NEXT Asia conference in Singapore on Thursday that the discussions are still “premature” and declined to identify the jurisdictions.  MiCA created a single licensing framework for crypto firms across the European Union. After the bloc's transition period expired on July 1, the European Securities and Markets Authority said crypto firms must serve EU clients through a MiCA-authorized entity, with limited exceptions for unsolicited cross-border business. Read more

Alfa-Bank is testing cryptocurrency trading for qualified investors as Russia moves toward regulating digital assets and banks prepare new crypto services. Russia’s largest private bank, Alfa-Bank, is reportedly preparing to offer cryptocurrency services as the country continues developing a legal framework for the digital asset market. Dmitry Vitman, chief operating officer of Alfa-Bank’s corporate and investment banking division, said the bank plans to roll out a suite of crypto services once the relevant digital asset legislation takes effect, Russian publication RBC reported on Wednesday. The announcement comes as Russia’s largest banks prepare for a regulated crypto market, with Sber, VTB and T-Bank also outlining crypto plans amid progress on the country's digital asset legislation. Read more