Crypto

The rally was accompanied by a significant spike in trading volume, with 13.7 trillion tokens traded in a single hour.

Two seasons, a 33-day campaign. Over 100,000 participants. $800,000 in rewards—and a third wave now underway.

Bitcoin is gaining ground as it surges toward its all-time high of $111K, fueled by renewed buying interest and strong technical momentum. With market sentiment shifting positively, expectations are building for a potential breakout that could take BTC to the $120K range in the near future. BTC Price Analysis: Technicals By Shayan The Daily Chart […]

JD.com and Ant Group are reportedly lobbying Chinese regulators to launch yuan-based stablecoins to boost the currency’s global role and counter US dollar-pegged tokens. China’s e-commerce heavyweight JD.com and Ant Group, the fintech arm of Alibaba, are lobbying the People’s Bank of China (PBOC) to greenlight Chinese yuan-based stablecoins to counter the global rise of US dollar-pegged tokens. The two firms urged regulators to allow stablecoins backed by offshore yuan (Chinese yuan that circulates outside mainland China) to launch in Hong Kong, arguing it would strengthen the yuan’s role in global trade while limiting the dollar’s influence, Reuters reported Thursday, citing sources familiar with the matter. Per the report, during recent private meetings with the PBOC, JD.com executives argued that yuan stablecoins are urgently needed to promote the currency’s international use. Read more

Bitcoin reverses its push beyond $110,000 as markets discount the odds of the Federal Reserve lowering interest rates before September. Key points: Bitcoin quickly reversed gains as US nonfarm payrolls data beat expectations and unemployment fell more than thought. Analysis says that the Federal Reserve is now unlikely to lower interest rates at its July meeting. Read more

Judge Martin Glenn said verbal approval was “insufficient” and dismissed some claims but allowed the core lawsuit to continue.

The token surged while the broader market gauge, the CoinDesk 20 index, rose 3.9%.

The IMF has reportedly blocked Pakistan’s plan to use cheap electricity for crypto mining, warning it could destabilize the energy market. Pakistan’s plan to use surplus electricity for crypto mining has hit a roadblock after the International Monetary Fund (IMF) reportedly rejected a proposal to offer subsidized power to energy-intensive industries, including Bitcoin miners. Pakistan’s Secretary of Power Fakhre Alam Irfan told the Senate committee on energy that the IMF claimed such measures could distort the energy market and worsen existing issues in the country’s fragile power sector, according to a report from Urdu-language news outlet Independent Urdu. Although Pakistan has excess electricity, particularly during winter, the IMF remains concerned that pricing schemes could disrupt the market balance, per the report. Irfan said all significant energy policies must be approved by the IMF. Read more

The court ruled the customers benefited from unjust enrichment due to a network delay, not the exchange’s servers.

Bitpanda’s public affairs lead, Benedikt Faupel, told Cointelegraph that while MiCA brings long-awaited regulatory clarity, harmonization is still lacking. Benedikt Faupel, head of public affairs at Austrian crypto exchange Bitpanda, said Europe’s flagship crypto regulation still allows uneven implementation across the bloc. Faupel told Cointelegraph on the sidelines of the German Blockchain Week that, as far as he knows, Bitpanda is the only player with three Markets in Crypto-Assets Regulation (MiCA) licenses. The exchange was founded in Austria in 2014 and has since established additional offices in Berlin, Bucharest, London and elsewhere. Faupel said that MiCA provides the European Union with long-awaited regulatory clarity and harmonization. Before MiCA, he said, the European crypto landscape was fragmented into multiple separate licensing regimes, with Bitpanda previously holding 17 licenses. “With MiCA, you just make it way easier,” he said. Read more

A large cluster of potential short liquidations near $111,320 could trigger a squeeze to accelerate Bitcoin’s next leg higher into price discovery. Key takeaways: Bitcoin's funding rate briefly turned negative in late June, historically a signal for upcoming rallies. A large concentration of short liquidations near $111,320 could fuel a short squeeze. Read more

The issuance of the first digital bond lays the groundwork for a broader set of tokenized assets like Islamic bonds and real estate products, ADX Group CEO said.

The latest comments from government officials at the center of that effort suggest U.S. bitcoin advocates may still have a wait ahead of them.

Bitcoin nears $109,600 as Cartwright advises UK pensions on BTC. A breakout above $110,413 could open the path toward $113K amid growing institutional demand. The post Bitcoin Price Prediction – Billions in Retirement Funds Could Pour Into BTC as Pension Firms Rush to Add Exposure appeared first on Cryptonews.

The strong numbers seemingly put to rest any idea that the Fed might cut rates in July.

Viral pygmy hippo Moo Deng will turn one next week—and crypto degens are pumping her unofficial Solana meme coin.

The absence of new buyers and FOMO-driven greed are key factors that could keep Bitcoin price pinned below $112,000 longer than many think. Key takeaways: Bitcoin price taps $110,000, but low spot buying demand suggests the upside could be limited. High retail FOMO and a near-overbought RSI signal a potential BTC price correction. Read more

John Smedley believes his new studio’s ambitious shooter Reaper Actual will sell gamers on blockchain, because it is “Web3 done right.”

Gaming industry veteran John Smedley is making his first foray into Web3 gaming with a new AAA shooter featuring Tezos layer-2 blockchain Etherlink. John Smedley, a gaming industry veteran and former CEO of Daybreak Game Company (formerly Sony Online Entertainment), is making his first foray into Web3 gaming with a new AAA shooter featuring Tezos layer-2 (L2) blockchain Etherlink. The Smedley-led Distinct Possibility Studios (DPS) has raised $30.5 million in a funding round led by the gaming-focused venture capital firm Bitkraft and the European hedge fund management company Brevan Howard, according to a statement shared with Cointelegraph on Thursday. The funds will be used to develop its new open-world massively multiplayer online first-person shooter (MMOFPS), Reaper Actual, which it says will integrate Etherlink to enable tradeable Web3 components like characters, bases, skins and more. Read more

Both SHIB and BONK displayed inverse head-and-shoulders patterns, indicating continued bullish momentum.