Crypto

Bitcoin’s drop to $58,000 lines up with the power-law model’s cycle lows, even though futures market data points to deeper lows for BTC price. Bitcoin’s (BTC) drop to $58,000 has pushed the price into a zone that long-term power-law models have historically associated with cycle bottoms. The data does not confirm a bottom range, though it shows BTC trading in a price range that has repeatedly marked major lows since 2014.  Derivatives data and liquidation levels highlight $55,000 as the next key support level and the $65,000-$68,000 range as the next major upside area of interest.  Giovanni's Bitcoin power-law model places the network's long-term trend price near $135,000, making the recent drop to $58,000 roughly 54% below the all-time high and 1.22 standard deviations beneath that trend. Read more

Bitcoin’s drop to $58,000 lines up with the power-law model’s cycle lows, even though futures market data points to deeper lows for BTC price. Bitcoin’s (BTC) drop to $58,000 has pushed the price into a zone that long-term power-law models have historically associated with cycle bottoms. The data does not confirm a bottom range, though it shows BTC trading in a price range that has repeatedly marked major lows since 2014. Derivatives data and liquidation levels highlight $55,000 as the next key support level and the $65,000-$68,000 range as the next major upside area of interest. Bitcoin power-law puts $58,000 in historical range Read more

SBI Holdings has agreed to a nearly $289 million deal to acquire crypto exchange Bitbank, pending regulatory approval.

Ethereum layer-2 network Base was down for more than two hours as it ran into an issue with block production ahead of a planned upgrade.

A CoinShares survey found than many EU-based wealth management companies had policies that restricted investments in digital assets or provided no guidance on the matter. A survey arranged by digital asset services provider CoinShares found that more than half of UK-based financial advisers reported the bulk of their clients’ crypto holdings were outside their oversight. According to the results of a CoinShares survey released on Thursday, 52% of UK advisers in a group of 261 European wealth management professionals said that the majority of their clients’ digital assets exposure was essentially “invisible” to them. Among all the EU countries surveyed, including France, Germany, Italy and Switzerland, the number was 25%, with 61% of advisers saying that they worked in companies that explicitly restricted digital assets or provided no clear internal guidance. “The capital has already been allocated,” said CoinShares co-founder and CEO Jean-Marie Mognetti. “The people entrusted with managing it simply cannot se...

A CoinShares survey found than many EU-based wealth management companies had policies that restricted investments in digital assets or provided no guidance on the matter. A survey arranged by digital asset services provider CoinShares found that more than half of UK-based financial advisers reported the bulk of their clients’ crypto holdings were outside their oversight. According to the results of a CoinShares survey released on Thursday, 52% of UK advisers in a group of 261 European wealth management professionals said that the majority of their clients’ digital assets exposure was essentially “invisible” to them. Among all the EU countries surveyed, including France, Germany, Italy and Switzerland, the number was 25%, with 61% of advisers saying that they worked in companies that explicitly restricted digital assets or provided no clear internal guidance. “The capital has already been allocated,” said CoinShares co-founder and CEO Jean-Marie Mognetti. “The people entrusted with managing it simply cannot se...

Intellectual property network Story Protocol has shifted its focus to a new opportunity in training data for artificial intelligence.

TRM Labs said it uncovered over $3.84 billion in crypto flows between CoinEx and a web of more than 60 sanctioned Iranian platforms.

The incident temporarily halted transaction processing on one of Ethereum's largest layer-2 networks.

June saw the highest miner-to-Binance Bitcoin transfers in four months.

XRP price prediction is not improving, but a formal UK parliamentary proposal names the XRPL as the preferred chain for climate instruments. The post XRP Price Prediction: XRPL Could Be The Backbone of UK Climate Bond appeared first on Cryptonews.

Senator Cynthia Lummis told Fox Business on June 24 that negotiators expect final Senate compromise language around the July 4 recess and then plan to “move in July,” the most public deadline any sponsor has set for a bill that cleared the Senate Banking Committee in May. The declaration came before Senate Majority Leader John […] The post Cynthia Lummis gave CLARITY Act a July promise, but it still needs a Senate path appeared first on CryptoSlate.

Bitcoin’s crash to $58,000 confirmed a bear flag breakdown, setting a new price target of $54,000 or lower. Bitcoin (BTC) dropped below $60,000, a key psychological support, on Thursday as losses in megacap technology stocks weighed on investors' broader risk appetite, adding pressure to an already fragile crypto market. BTC/USD vs. Nasdaq and S&P 500 daily performance chart. Source: TradingView Read more

Bitcoin’s crash to $58,000 confirmed a bear flag breakdown, setting a new price target of $54,000 or lower. Bitcoin (BTC) dropped below $60,000, a key psychological support, on Thursday as losses in megacap technology stocks weighed on investors' broader risk appetite, adding pressure to an already fragile crypto market. BTC/USD vs. Nasdaq and S&P 500 daily performance chart. Source: TradingView The decline has triggered a classic bearish reversal setup that may push the BTC price under the $54,000 mark in the coming days. Read more

The tightening correlation undermines STRC's appeal as a relatively steadier income vehicle.

California launched the nation's first AI unemployment tracker as policymakers race to determine whether warnings of an AI-driven jobs shakeup are becoming a reality.

Google Gemini AI predicts a massive $1,650 macro run for Micron Technology (MU) by late 2026, driven by a historic 15-year supply deficit. The post Google Gemini AI Predicts Jaw-Dropping Micron Technology Stock Price by End of 2026 appeared first on Cryptonews.

"Shib is old, dead and boring. Maybe in 5-10yrs a bit of nostalgia will bring it back," James Wynn stated.

The DeFi lender is rebuilding after the fallout from April's KelpDAO exploit sparked a multibillion-dollar exodus of deposits despite Aave itself not being hacked.

XRP’s chance of a daily close below $1 are rising, but whale accumulation and shrinking exchange supply may be a sign that traders are buying. XRP is trading just above $1, leaving the token at its weakest price level of the year, but onchain data paints a different picture.  The exchange-held XRP supply continues to fall, Binance withdrawals have exceeded deposits for seven straight days, whale flows are holding positive and spot XRP exchange-traded funds (ETFs) have attracted $243 million in inflows since April. The improving onchain data points to healthy network positioning, even as XRP continues to search for a price bottom.   Read more