Crypto

Bitcoin-focused macroeconomist Lyn Alden said BTC must stand on its own as Strategy sold 3,588 BTC, while warning about leverage risks tied to STRC. Bitcoin is facing its weakest sentiment cycle yet, according to Lyn Alden, a Bitcoin-focused macroeconomist who said the asset must stand on its own as Strategy disclosed a $216 million Bitcoin sale earlier this week. “I don’t think there’s anything coming to save Bitcoin,” Alden said in a Tuesday interview with journalist and Bitcoin educator Natalie Brunell, saying the asset's long-term success must come from its own fundamentals rather than external catalysts. “The asset just has to survive on its own merits,” Alden said, pointing to Bitcoin’s underlying properties as a liquid, permissionless way to store and send value, instead of relying on a new source of demand. Read more

The US Treasury's Office of Foreign Assets Control revoked General License X on July 7, cutting off the authorization that had allowed Iranian crude oil, petrochemical, and petroleum-product transactions through Aug. 21. Its replacement, General License X1, permits only wind-down transactions through 12:01 a.m. ET on July 17. Brent crude settled at $74.16 and WTI […] The post Bitcoin looks calm but a July 17 oil deadline looms as Iran shock sends crude up 5% appeared first on CryptoSlate.

Toss has reportedly partnered with Optimism and Sunnyside Labs for a proof of concept on the feasibility of a Korean won-based stablecoin for payments. Viva Republica, the operator of South Korea-based mobile money transfer app Toss, reportedly signed a memorandum of understanding with blockchain company Optimism to test a Korean won-based stablecoin infrastructure for institutional payments. The companies, along with privacy solutions provider Sunnyside Labs, will conduct a three-month proof of concept (PoC) using Optimism's OP Stack and Sunnyside's Privacy Boost protocol to develop a Korean won-based stablecoin and assess whether these technologies can be applied to domestic blockchain-based payment infrastructure for financial institutions, reported Yonhap News on Wednesday. The PoC will explore whether financial institutions can control the settlement process, the feasibility of implementing know-your-customer (KYC) and anti-money laundering (AML) verification requirements and whether transactions can rem...

Cardano whales dumped 190M ADA in seven days, flipping derivatives bearish — on-chain data now points to a $0.138 Fibonacci cycle low as the key target. The post Cardano Whales Are Planning a Big Move: Will ADA Sink or Swim? appeared first on Cryptonews.

SBI VC Trade reported rising institutional demand for BTC and XRP as Japanese firms adjust treasury strategies amid continued yen weakness.

Your day-ahead look for July 8, 2026

The EU securities regulator will assess custody providers’ key management, incident response and reliance on third-party technology providers. The European Securities and Markets Authority (ESMA), a key EU regulator supporting the implementation of the Markets in Crypto-Assets (MiCA) framework, is launching a dedicated process for reviewing crypto custody providers. ESMA plans to conduct a common supervisory action (CSA) focused on the operational resilience of crypto-asset service providers (CASPs), with a specific emphasis on custody services, according to an official announcement on Wednesday. “The CSA will assess the maturity of CASPs’ digital operational resilience frameworks in relation to custody activities,” ESMA said, adding that the reviews will focus on areas including key and storage management, alongside other operational risks. Read more

Bitcoin miners are facing a real-world test of their ability to improve the electricity grid. The US Energy Information Administration projects electricity consumption will climb from 4,195 billion kilowatt-hours in 2025 to 4,269 billion in 2026 and 4,399 billion in 2027. The agency ties the increase to AI data centers, cryptocurrency operations, and broader electrification, […] The post Bitcoin miners have until 2027 to prove they deserve power on America’s overloaded grid appeared first on CryptoSlate.

Kalshi appealed to the Second Circuit after a New York federal judge denied its request to block state gambling officials from enforcing local laws against its sports event contracts. Kalshi is appealing a New York federal judge's rejection of its bid to block state gambling officials from enforcing local laws against the prediction market platform's sports-related event contracts.  In a notice filed on Tuesday in the US District Court for the Southern District of New York (SDNY), Kalshi said it would take the case to the US Court of Appeals for the Second Circuit. The appeal followed a same-day opinion and order denying the platform operator's motion for a preliminary injunction against officials at the New York State Gaming Commission.  The appeal escalates a growing legal fight over whether sports prediction markets are federally regulated derivatives or state-regulated gambling products. This question has already split courts across the United States. Read more

Bitcoin fell, altcoins slid after Trump said the ceasefire with Iran is "over" as U.S. and Iran traded airstrikes.

India's central bank has again backed a tougher stance on crypto, while tax officials warned that offshore trading and private wallets are making enforcement harder. 

Ethereum is slipping by more than 2% as massive $2.5 billion USDT burn on Ethereum dragged its price prediction down. The post Ethereum Price Stabilizes as Tether Burns $2.5 Billion USDT Stablecoins appeared first on Cryptonews.

Berachain launched the first stage of its PoL Next upgrade, which will phase out the BGT token and shift the network's reward system to WBERA. Berachain is preparing a hard fork that will replace its dual-token incentive model with one centered on its main BERA token. Set for Wednesday at 4 pm UTC, the hard fork will end Bera Governance Token (BGT) emissions and shift the network's incentive system to Wrapped BERA (WBERA), the Berachain Foundation announced in a Tuesday X post. Following the upgrade, the network will distribute fixed amounts of WBERA instead of BGT as block rewards. The change replaces Berachain's previous dual-token model, which split the network's functions between the transferable BERA token and the non-transferable governance token BGT. Read more

MediaFuse, the company behind crypto press release distribution platform Chainwire, has launched TechnologyWire, a new newswire service designed for technology companies seeking visibility across major media outlets, search engines, and AI-powered discovery platforms. The launch marks an expansion of MediaFuse’s sector-specific distribution strategy beyond crypto and blockchain into the wider technology market. TechnologyWire is aimed […] The post MediaFuse expands beyond crypto with AI-optimized TechnologyWire launch appeared first on CryptoSlate.

Bitcoin price is recovering from last week's slide, but a bearish prediction remains as Tether aims at the South American market. The post Bitcoin Price Prediction: Can Tether’s Brazil Push Boost BTC Despite Europe’s USDT Exit? appeared first on Cryptonews.

A tagged SpaceX Bitcoin address has moved funds for the first time in months, raising speculation about whether a larger transfer could follow. 

Indian regulators maintained a hawkish stance despite the growing embrace of digital assets and technology by governments worldwide.

M has surged by double digits, while LAB has plunged by over 80% in the past 24 hours.

US spot Bitcoin exchange-traded funds drew nearly $500 million across the last two trading sessions, giving traders their first clear fund-flow rebound in weeks even as several market gauges continued to show weak demand for the top digital asset. The US ETF products took in $221.72 million on July 2, ending a 10-session outflow streak […] The post Bitcoin ETFs draw $500M but weak demand leaves rebound exposed appeared first on CryptoSlate.

US military strikes on Iran, a $7.7B stablecoin contraction, and weak ETF inflows have driven Bitcoin to $62,870 with no clear support above $57,800. The post US-Iran Strikes and $7.7B Stablecoin Exit Put Bitcoin at $62,870 appeared first on Cryptonews.