Crypto

Bitcoin reversed course from its Monday open selloff and closed the day above $64,000 as bulls began to price in Strategy’s selling. Bitcoin (BTC) fell from nearly $64,000 on Sunday to about $62,000 on Monday, and the primary trigger behind the move appeared to be a SEC disclosure showing Strategy’s largest ever sale of 3,588 BTC. The fuller explanation for the price action can be found deeper in the plumbing. Sunday’s climb toward $64,000 was almost entirely futures driven. Net futures buying reached roughly $415 million for the day, capped by a single four-hour burst of about $687 million that force-closed some $33 million in bets against Bitcoin. Spot flows over the same session were slightly negative, and this gap matters since a rally with no cash buyers behind it rests on positions that can be forced to unwind at any moment. Monday morning delivered the unwind, and it accelerated as Strategy’s filing landed. The largest corporate Bitcoin treasury holder sold BTC for $216 million to fund dividend payment...

Bollinger Bands creator John Bollinger says the charts suggest Bitcoin could take off from here. Vitalik Buterin unveils a new Ethereum strawmap, but why is it taking so long? Michael Saylor's Strategy sold 3,588 Bitcoin (BTC) to fund preferred stock dividend payments and replenish its cash reserves. Strategy sold the Bitcoin for $216 million, reducing its total holdings to 843,775 Bitcoin, according to a Monday 8-K filing with the US Securities and Exchange Commission. This included 1,363 Bitcoin sold at an average price of $59,256 between last Monday and Tuesday, and 2,225 Bitcoin sold at an average price of $60,773 between Wednesday and Sunday. Read more

Traders have become highly active in FIFA World Cup markets, increasing sensitivity to any misleading automated alerts.

The reported transaction comes as Tether maintains it has no plans to go public, even as other crypto companies pursue or delay IPOs. Former Tether chief investment officer Richard Heathcote is seeking to sell part of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report citing people familiar with the matter. Heathcote stepped down as Tether's chief investment officer in March to take an advisory role after overseeing the stablecoin issuer's investment portfolio. Bloomberg reported the planned sale involves only part of his 1.26% ownership stake. Tether issues USDt (USDT), the world's largest stablecoin by market capitalization. With a circulating supply of roughly $184 billion, USDT accounts for roughly 59% of the stablecoin market, according to DefiLlama data. Read more

The White House says it's still evaluating the "best structure" for the federal fund to hold bitcoin as a long-term reserve and a separate stockpile of other crypto assets.

Beijing's first rules targeting emotional AI are forcing the country's biggest apps to shut down custom agents.

Bitcoin sold off as news of Strategy selling BTC shook investors’ nerve but the quick rebound suggests bulls remain ambitiously positioned. Key takeaways: Bitcoin price quickly recovered from the selloff to $61,300 that followed Strategy’s Bitcoin sale announcement. Despite the negative impact on traders' sentiment, the additional $216 million cash position eased concerns about the company's ability to pay dividends and cover its debt. Does the quick recovery suggest that Bitcoin bulls back in control? Read more

Yvette Cooper said governments must agree on AI safeguards before frontier systems transform warfare, crime, and society.

The Bonk DAO wallet was exploited for roughly $20 million worth of the prominent dog-themed meme coin on Solana.

The developers behind the memecoin project said they had informed law enforcement after the attack and were working to “recover funds and identify those responsible.” The decentralized autonomous organization (DAO) behind the Bonk (BONK) memecoin reported that an unknown entity had removed $20 million worth of the tokens in what it described as an attack using a “malicious governance proposal.” In a Monday X post, the Bonk project said that it had informed law enforcement after the $20 million attack and was working to “recover funds and identify those responsible.” According to BonkDAO, the parties had drained $20 million in tokens from the project’s treasury on the Solana blockchain. One of the dog-themed memecoins, along with tokens like Dogecoin (DOGE) and Shiba Inu (SHIB), BONK launched in December 2022, with its developers airdropping half of the token’s total supply. The price of BONK dropped about 7% over 24 hours amid reports of the attack, to about $0.05. Read more

Copycat ZachXBT meme coins spread across chains, but the on-chain sleuth sold all tokens sent to his donation wallet and donated the proceeds.

António Guterres borrowed a Silicon Valley meme to make the starkest case yet for global AI oversight—then called for an international ban on killer robots.

The financial firm admitted Bitcoin's retrace has been painful, but still holds a lofty year-end price prediction for the top crypto asset.

Yield Guild Games is shutting down its YGG Play division and games like LOL Land, blaming the crypto market downturn and other factors.

The Luxembourg approval completes the company's MiCA licensing process, enabling it to provide regulated crypto-asset services across the European Economic Area. Ripple said it has received full authorization under the European Union's MiCA crypto framework after Luxembourg's financial regulator granted the company a Crypto Asset Service Provider (CASP) license. The authorization follows Ripple's preliminary approval in June and, together with the company's existing Electronic Money Institution license, allows the blockchain payments company to offer regulated crypto-asset services across the European Economic Area (EEA). Ripple said the approval makes it one of a small number of digital asset companies with full authorization under MiCA. The company now holds more than 75 regulatory licenses worldwide, including authorization from the United Kingdom's Financial Conduct Authority secured in January. Read more

Coinbase said it updated its systems after an AI-generated alert incorrectly reported the outcome of the Norway-Brazil match before kickoff.

The analyst argues that many altcoins now resemble Bitcoin's earlier accumulation phases before its biggest rallies.

A disputed Coinbase sports alert shows why exchange-run prediction markets need visible provenance, verified event data, and clear accountability before automated content scales inside trading apps. The post Coinbase World Cup error shows prediction markets still have a proof problem appeared first on CryptoSlate.

Fresh bullish signals emerged for Solana after its first SuperTrend buy trigger since October.

Joi AI's search for 10 paid "masturbation consultants" drew more than 150,000 applicants. Here's what happened.