Crypto

Nearly 50,000 BTC shifted to exchanges at a loss while short-term Bitcoin holders' stress level reached 2-year highs. Is BTC headed toward new lows? Bitcoin (BTC) is showing fresh signs of short-term holder capitulation after roughly 50,000 BTC moved to exchanges at a loss over the past day. At the same time, the market capitalization of short-term holders fell to $237.7 billion, its lowest level since October 2024.  The rise in loss-driven selling comes as tighter monetary conditions and weakening institutional demand continue to weigh on Bitcoin, as analysts underlined a “deeply unfavorable” environment for BTC.  CryptoQuant analyst Amr Taha said Bitcoin's short-term holder (STH) market capitalization fell to $237.7 billion on June 26, its lowest level since Oct. 2, 2024, when it stood near $239.7 billion. Read more

BitGo said the workforce reduction is a one-time action and that no additional layoffs are currently expected.

The Bank of England has dropped the piece of its stablecoin plan that the industry hated most, the proposed £20,000 limit on how much sterling stablecoin any one person could hold, along with the £10 million ceiling for businesses. In their place, the central bank's June 22 policy statement set a single £40 billion cap […] The post The UK softened stablecoin rules, but may still be capping its own market appeared first on CryptoSlate.

Bitcoin has long been lumped in with precious metals as a hedge against a weakening dollar. That trade is unwinding on a hawkish Fed, and bitcoin is falling alongside the metals it was supposed to rival.

The new investment vehicle arrives as asset managers expand TAO offerings and decentralized AI gains momentum following recent restrictions on Anthropic's models. Yuma, a Digital Currency Group-backed investment company, has launched a fund that gives institutional investors diversified exposure to the Bittensor ecosystem, as asset managers expand investment products tied to decentralized AI. Read more

The European Union's Markets in Crypto-Assets (MiCA) has triggered a fight among licensed crypto exchanges to capture users and deposits from platforms that may no longer be allowed to serve the bloc. The new regulation, which is set to take full effect on July 1, hardens the line between firms with bloc-wide authorization and those still […] The post European crypto users are being paid to move before MiCA closes the door appeared first on CryptoSlate.

Emerging markets drive most real-world stablecoin usage, yet founder concentration and venture funding remain U.S.- and Europe-centric.

Is this a "massive opportunity" for accumulation or is there more to the story?

Despite the trading platform’s restructuring and the wave of crypto companies making cuts, signaling a late bear market, Altcoin Pro’s Horst, Anderson and Zhuleku explain there’s no reason to panic.

Coinbase and Circle have posted steeper losses than Oracle, Netflix and Salesforce, highlighting the widening gap between crypto equities and the broader market. A broad selloff in technology stocks has weighed even more heavily on crypto-focused companies, highlighting a growing divergence between digital asset equities and the broader US stock market. Shares of Coinbase (COIN) and Circle (CRCL) have fallen 69% and 72%, respectively, from their all-time highs. Those declines exceed the drawdowns seen in several major technology companies, including Oracle (ORCL), Salesforce (CRM), Netflix (NFLX) and Palantir (PLTR), which are down between 48% and 57% from their peaks, according to data from The Kobeissi Letter. By comparison, the large-cap S&P 500 Index has retreated just 3.5% from its recent high. Read more

Over the past six weeks, investors have pulled roughly $5.94 billion from US spot Bitcoin ETFs, marking the longest unbroken run of weekly outflows since these funds first opened for business in 2024. Galaxy Research puts the worst 30-day stretch at $6.35 billion through June 20. Bitcoin has been sliding right alongside those redemptions, and […] The post Did $6B in ETF outflows just mark Bitcoin’s first Wall Street capitulation? appeared first on CryptoSlate.

The stablecoin issuer is extending its tokenized gold strategy by allowing holders of XAUT to borrow against their bullion, mirroring bitcoin-backed lending without selling the underlying asset.

Brad Garlinghouse was the latest to comment on the hot topic of Strategy, its Stretch stocks, and the impact on the overall crypto market.

Four long-dormant ETH wallets sold most of a 37,602 ETH stash near $1,560, turning Ethereum's drawdown into a test of whether fresh demand can absorb old-holder supply. The post Ethereum’s oldest wallets are selling into the $1,500 demand line buyers cannot dodge appeared first on CryptoSlate.

The seasoned investor has little faith in Bitcoin's staying power, expecting crypto to quietly fade away over time.

The prediction markets giant is under investigation in connection with false or deceptive marketing practices, according to news reports.

Brian Armstrong of Coinbase and Star Xu of OKX offered new users sign up bonuses of up to 8% of their deposits or transfers from other accounts.

Bitcoin is trading just above $60,000 right now, and the network's estimated all-in cost to produce a single coin is near $84,300, so the gap between the two is roughly a quarter, leaving mining underwater on a full-cost basis across much of the network. For years, the assumption was that this simply couldn't happen, that […] The post Bitcoin’s broken production cost floor is splitting miners into survivors and sellers appeared first on CryptoSlate.

The same streak follows the Ethereum ETFs as mass withdrawals continue to dominate.

There is no single cause for the crypto market's 50% decline over the past year, the Binance founder told CoinDesk.