Crypto

Bitcoin failed to overcome $79,000, but a potential bear trap formed as $1.4 billion in short positions face liquidation at $80,000. Will spot market demand be the trigger? Key takeaways: Bitcoin (BTC) price sustained levels above $76,000 for the past week, distancing itself from its year low at $60,500. The recent bullish momentum came as crude oil prices jumped above $100 and the S&P 500 hit new trading highs, but futures market data may point to a short-term rally-ending outcome for Bitcoin. A total of $1.4 billion in leveraged short positions near $80,000 has been built over the past 48 hours, according to CoinGlass data, and Bitcoin’s rejection at $79,500 has raised alarm. Read more

Ether charts flash an ominous triple-top pattern as ETH fails to overcome $2,400. Will bears maintain control over the altcoin’s price action? Ether (ETH) fell 3.4% to $2,287 on Monday, after its fourth rejection at the $2,400 level since April 14. The price continues to trade below the 100-day moving average, with over $2.5 billion in liquidation risk concentrated near the $2,150 support zone. Crypto analyst Michaël van de Poppe also flagged weakness in Ether relative to Bitcoin, raising doubts about the strength of any near-term uptrend.  Ether has failed to break $2,400 four times over the past two weeks, forming a clear triple top pattern on the daily chart. Each retest saw a loss of strength near that level, suggesting supply absorption by sellers. Read more

The approval of the BILS stablecoin issued by Israeli exchange Bits of Gold came after a two-year pilot program on the Solana blockchain. Israel’s Capital Market, Insurance and Savings Authority has greenlit the launch of a shekel-pegged stablecoin by the virtual exchange exchange Bits of Gold. In a Monday notice, the Israeli regulator said that it had granted approval of the BILS stablecoin after a two-year pilot program of the stablecoin on the Solana blockchain. Source: LinkedIn Read more

The joint motion halts deadlines and enforcement in xAI’s lawsuit while Colorado lawmakers weigh changes to the state’s AI bias law.

Lawmakers look to push election reform that would block crypto campaign donations, even as Canada expands oversight of stablecoins and digital asset markets. Canada is moving closer to banning political donations made in cryptocurrency, as lawmakers in Ottawa tighten rules around how money flows into elections. That's after a proposed law — Bill C-25, the Strong and Free Elections Act — passed a second reading in the House of Commons on Friday. The vote signals that lawmakers support the bill in principle and will now study it in detail at committee, where amendments can still be made. The legislation would prohibit political parties and candidates from accepting cryptocurrency donations, closing what regulators see as a gap in campaign finance rules. Read more

Bitcoin accumulation by whales and institutional investors is reducing the available supply of BTC and potentially setting the stage for a rally above $80,000. Bitcoin (BTC) whales holding between 1,000-10,000 BTC have increased their BTC exposure over the past five months, with the total balance reaching 3.09 million, a level last seen on November 11, 2025. Short-term data suggest that Bitcoin traders may move toward existing liquidity at $73,700, but futures market activity and the longer-term market structure hint at higher levels above $80,000.  Bitcoin wallets holding between 1,000 and 10,000 BTC have been steadily accumulating since December, adding approximately 240,000 BTC to their balances. Read more

The response to the DeFi recovery fund has quickly extended beyond Aave, and in some cases began with direct outreach.

The emails passed domain authentication checks because they appeared to have been sent through Robinhood's actual email infrastructure.

Crypto ATM operators and businesses hosting the machines have until July 1 to be in compliance with the new law or risk potential fines and prison time. Tennessee Governor Bill Lee has signed a bill into law that will officially ban the use and installation of cryptocurrency ATMs and kiosks in the southeastern US state, leaving only a matter of weeks for companies to be in compliance. Lee signed Tennessee House Bill 2505 into law on April 13, making the installation of a cryptocurrency kiosk a Class A misdemeanor starting on July 1. The reclassification of the machines as illegal under state law would potentially put operators and businesses hosting the machines at risk of up to 11 months and 29 days in prison and a $2,500 fine. Source: Tennessee General Assembly Read more

Cooling U.S. demand, elevated Bitfinex whale positioning and a key on chain rejection point to short term downside during the Las Vegas Bitcoin conference.

The Aave-led relief effort has gained widespread support, securing enough commitments to replenish the swiped funds.

Six weeks after telling staff to stop chasing distractions, OpenAI is reportedly planning a phone targeting 400 million units a year.

The 175-year-old money-transfer firm also plans to issue a stablecoin-linked card for payments and cash-out options from crypto to local currencies, CEO Devin McGranahan said.

Paul Sztorc’s proposed eCash fork would give investors coins cloned from wallets believed to belong to Bitcoin creator Satoshi Nakamoto.

The trademark applications aim to strengthen her ability to fight AI-generated deepfakes, as image generation tools advance.

South Korea's Kbank has signed a strategic partnership with Ripple to test blockchain-based overseas remittances, placing a bank with a central role in Upbit's KRW account access beside one of crypto's longest-running payments infrastructure firms. Local reports describe the work as a technical verification, or proof-of-concept, focused on whether Ripple's infrastructure can improve the speed, […] The post The South Korean bank powering Upbit is testing Ripple integration for cross-border payments appeared first on CryptoSlate.

Bitcoin fails to top $80,000 as analysts debate whether BTC has truly changed its trend or remains in the grasp of the bears. Key points: Bitcoin (BTC) attempted to rise above $79,500, but the bears held their ground. BTC investor and author Michael Terpin told Cointelegraph that BTC risks falling to $57,000 in October 2026, based on a study of the “historical average” drawdown of about 1 year from a market-cycle top. Terpin added that BTC will have to rise above $100,000 for the bull market to resume. Another negative view came from Bitcoin analyst Matthew Hyland, who said in a post on X that the “larger expected consensus outcome for BTC is another leg lower by October.” Veteran trader Peter Brandt also opined in an X post that BTC may form “an investable low” in September or October. Read more

A new Federal Reserve study links ChatGPT's launch to a sharp halving of U.S. programmer job growth—the first institutional-level evidence connecting AI adoption to measurable developer hiring declines.

The asset's price may retrace in the short term before giving trades a better opportunity to open long positions.

The crypto treasury company continues to buy Ether and earn staking rewards, even as price swings leave billions in unrealized losses on its balance sheet. BitMine Immersion Technologies, the Ether treasury company backed by Fundstrat’s Tom Lee, has expanded its ETH holdings for the second time in as many weeks, even as large unrealized losses underscore the strategy’s risks. The company said Monday it purchased an additional 101,901 Ether last week, bringing its total holdings to roughly 5.08 million ETH. Its combined crypto and cash reserves now stand at about $13.3 billion. Read more