Crypto

The ETFs experienced something that hadn't happened in three months in the past week.

JPMorgan warns Strategy's leveraged Bitcoin accumulation could flip Saylor's firm from buyer to seller. Here's what that means for BTC price targets at $60K, $170K, and beyond. The post Bitcoin Price Prediction: Saylor’s Strategy is a Risk to Bitcoin, According to JP Morgan appeared first on Cryptonews.

Binance recorded $1.23 billion in weekly net outflows, up 207% from the previous week, as Ethereum withdrawals surged to a three-year high. Binance, the world’s largest crypto exchange by trading volume, recorded a sharp surge in weekly outflows as Ethereum withdrawal activity climbed to a multi-year high. According to DefiLlama data viewed by Cointelegraph on Sunday, Binance saw $1.23 billion in net outflows during the week beginning June 29, a 207% increase from roughly $400 million the week prior, while monthly net outflows totaled about $3.2 billion. Separately, CryptoQuant community analyst Darkfost reported Friday that Binance’s Ethereum withdrawal transactions hit their highest level in more than three years, with over 166,000 withdrawal transactions in a single day. Read more

Cardano's ADA has also shown positive signs of a more profound revival.

In 2017, a handful of developers with a whitepaper and a GitHub repository could launch a token or a crypto startup in a matter of days. Capital requirements were low, licensing was either non-existent or seen as an afterthought, and a compelling idea was usually enough to draw thousands of retail buyers into an ICO […] The post The death of the crypto startup: RIP 2017 – 2026 appeared first on CryptoSlate.

Another analyst, though, said that no one really cares about the OG meme coin at the moment.

Barstool Sports founder Dave Portnoy said he will hold bitcoin all the way down to zero after buying near $100,000.

Part of the Ethereum Foundation’s plan to make Ethereum more private and scalable is to introduce a new virtual machine, with leanISA and RISC-V among the top candidates. Ethereum co-founder Vitalik Buterin has named quantum resistance, scalability and privacy as three of Ethereum's top priorities under a new "Lean Ethereum" strawmap, which lays out the network's technical direction for the remainder of the decade.  In a post to X on Saturday, Buterin said the collection of upgrades will roll out over the next three to four years, touching nearly every layer of Ethereum in a transformation he compared in scale to the September 2022 Merge, which shifted the network away from energy-intensive mining.  “Quantum safety has shifted up a LOT in priority,” he said, adding that finalizing a quantum-safe solution for blobs has “become urgent.” Enhancing privacy is another priority, Buterin said, stating that it has become a “first class goal.” Read more

June highlighted a widening gap between retail optimism and institutional caution across the Bitcoin market.

Moonbeam didn’t provide a timeline for when it would launch the AI agent platform but told GLMR holders to bridge their tokens from the Polkadot parachain to Base before July 31. Polkadot-based interoperability protocol Moonbeam said it is pivoting to Ethereum layer 2 Base to launch an AI agent communication and settlement network, aimed at capturing a share of the emerging market.  “This is a pivot to the most exciting frontier in crypto: autonomous AI agents that find each other, negotiate work, and pay each other entirely on-chain, without a middleman,” Moonbeam said in a statement announcing the Moonbeam Protocol on Friday.  “We believe AI-native on-chain coordination represents a significant long-term opportunity. This transition allows us to focus resources around that direction,” Moonbeam added. Read more

Bitcoin climbed back above $62,000 once a weak US jobs report cooled bets on a near-term Federal Reserve rate hike, and the spot chart reads as a relief rally. The options desks trading Bitcoin's futures are pricing something more guarded. The US Bureau of Labor Statistics put June payroll growth at just 57,000, well below […] The post Bitcoin’s weekend rally faces a $66k trap as traders still hedge for another drop appeared first on CryptoSlate.

Some exchanges reported that nearly half of new users placed their first-ever prediction trade on soccer matches.

Thomas Sy, head of multi-asset solutions at the $800-million asset manager, says blockchain can enable complex portfolio construction that's not yet possible in traditional finance.

Eligible users can now use select tokenized stocks and ETFs as collateral for futures and margin trading without selling their holdings. Crypto exchange Kraken has begun accepting select tokenized stocks and exchange-traded funds (ETFs) as collateral for futures and margin trading, allowing eligible users to open leveraged positions without selling their holdings. The feature initially supports 10 tokenized stocks and ETFs, including Apple, Nvidia, Tesla, Strategy, the SPDR S&P 500 ETF and Invesco QQQ Trust. Eligible users can post those holdings as collateral without selling them first. Each eligible asset is assigned a collateral haircut that reduces its lending value based on risk. Broad-market ETFs receive the lowest haircut at 10%, while more volatile stocks such as Strategy and Robinhood are discounted by 30%. Read more

We will also review the landscape around the Ethereum ETFs in this article.

With Wall Street and ETF rails shut, BTC keeps trading, proving that always-on access can also mean thinner liquidity. The post Bitcoin’s Freedom Money to set Independence day liquidity benchmark while Wall Street shuts down appeared first on CryptoSlate.

Ethereum has extended its recovery over the past several sessions, breaking above its recent consolidation range and approaching a major confluence resistance area. The rally has improved short-term sentiment, but the market is now testing a zone that could determine whether this move develops into a broader trend reversal or remains a relief rally within […]

The token hit its highest in over a month during thin July 4 trading, with XRP up 5% in 24 hours to lead gains among majors.

A critical flaw in the Aptos blockchain, which was patched, gave researchers a near-90% success rate at breaking a core security guarantee, with attack costs of just hundreds of dollars.

Binance founder Changpeng Zhao said Satoshi Nakamoto's bitcoin should be frozen before quantum computers can steal it. Not everyone agrees.