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Rising demand for put options and persistent ETF outflows highlight Bitcoin's weakness despite lower oil prices. Key takeaways: Bitcoin has failed to reclaim the $61,000 mark since Thursday, despite optimism fueled by lower crude oil prices following the US and Iran's 60-day ceasefire agreement. Demand for downside Bitcoin price protection jumped to unusually high levels, prompting traders to question whether $55,000 is the next target. Read more
Bitcoin faced its own battle for support as US stocks headed higher and analysts warned of a lack of "conviction" among BTC buyers. Bitcoin (BTC) struggled near $60,000 around Monday’s Wall Street open as bulls increasingly risked a support/resistance flip. Key points: Read more
Several exchanges that have already been authorized by EU regulators are attempting to bring in users from companies unlicensed under the Markets in Crypto-Assets rules, offering transfer bonuses and prizes. Cryptocurrency exchanges already approved to operate in European Union member states under the soon-to-be enforced Markets in Crypto-Assets (MiCA) framework are incentivizing users from companies that failed to gain license approval. With MiCA restrictions set to be enforced starting on July 1, executives of cryptocurrency exchanges including Coinbase and OKX have taken to social media to sway users from soon-to-be unauthorized companies, like Binance and Bybit Global. The world’s largest crypto exchange, Binance, said that it would restrict services for EU-based users after withdrawing its MiCA application last week. Bybit Global on Monday said access to services for users in the European Economic Area “will be progressively limited” starting on July 1, though its Bybit EU arm is authorized to operate u...
The move deepens BNY's partnership with Circle and builds on the bank's role as the primary custodian of USDC reserves. BNY has expanded its Digital Asset Custody platform to let institutional clients store, transfer, mint and redeem Circle's USD Coin, making it the first stablecoin supported on the platform. The new capabilities allow BNY clients to convert US dollars into USDC and redeem the stablecoin back into dollars directly through the bank while also storing and transferring USDC on its custody platform. BNY said it plans to expand the service to additional stablecoins and digital cash workflows over time. The expansion builds on BNY's existing role as the primary custodian of the assets backing USDC, extending its relationship with Circle beyond safeguarding reserve assets to include client-facing stablecoin services. Read more
Claude Mythos has raised concerns about AI-driven attacks on DeFi protocols. However, the same AI tools are also available to security teams, not just attackers. When Anthropic introduced Claude Mythos-class models as its most advanced AI system for cybersecurity, it drew the usual mix of reactions from crypto communities. The lineup included Claude Fable 5, a Mythos-class model intended for broad use, although access was later suspended after a US government directive. The concern around decentralized finance (DeFi) was easy to understand. If AI systems can find software flaws faster and with less human input, attackers may also use them to spot weak points in protocols before security teams can fix them. Those concerns may seem overstated, but they come from a real shift in technology. AI tools have become better at reviewing code, spotting flaws and supporting security teams. At the same time, DeFi remains a major target for attackers because its code is often public, its protocols hold large amounts of m...
If you can't beat 'em, join 'em. Here are five crypto skeptics who have reluctantly embraced the opportunity of making loads of money with blockchain. The road from believing “crypto is a scam” to “Bitcoin is a legitimate asset class” is a long way to travel, fraught with many a twist and turn. Yet against all the odds, a surprising number of high-profile skeptics have undertaken the journey unscathed and, perhaps more remarkably, without ever admitting they were wrong. The very naysayers who once warned of a “crypto apocalypse” have begun preaching the virtues of blockchain rails and launching tokenized products of their own. Read more
Michael Saylor’s Strategy unveiled a capital framework allowing Bitcoin sales to fund dividends, a $2.55 billion reserve and buybacks while raising STRC payout to 12%. Strategy is adopting a new capital framework that allows it to monetize part of its Bitcoin holdings to fund dividends, build cash reserves and repurchase securities while maintaining its long-term Bitcoin strategy. In a Monday 8-K filing with the US Securities and Exchange Commission, Strategy introduced its “Digital Credit Capital Framework,” which includes a Bitcoin monetization program and changes to its STRC preferred stock dividend policy. The company has raised the STRC annual dividend rate to 12% from 11.5% and authorized separate buyback programs for preferred securities and its Class A MSTR common stock. Strategy said it may sell Bitcoin (BTC) to raise as much as $1.25 billion to increase its cash reserve, pay dividends and debt costs, as well as fund stock buybacks. Read more
The new SDK feature lets developers route payments from Bitcoin balances to recipients in USDC and USDT without requiring users to hold stablecoins. Bitcoin infrastructure company Breez has added a feature to its developer toolkit that lets users send USDC (USDC) and USDt (USDT) across more than 30 blockchain networks directly from a Bitcoin balance, without first converting or holding stablecoins. Read more
Bernstein says platforms are bringing exchange, clearing and brokerage infrastructure in-house, setting up potential deals while increasing antitrust and regulatory risks. Prediction-market operators are bringing trading infrastructure in-house, a rapid shift that could trigger a wave of acquisitions across crypto platforms, sportsbooks, brokerages and standalone exchanges, according to analysts at Bernstein. In a research report on Monday, Bernstein said the industry is going through “operational consolidation,” with major platforms moving to control more of the prediction-market stack. “Every consumer platform that matters has merged the front and back end of the prediction-market stack,” they said. This includes distribution, brokerage, exchange and clearing. That convergence had placed businesses that historically operated in separate industries within a single competitive landscape. Read more
Vitalik Buterin said indistinguishability obfuscation could eventually support private, collusion-resistant onchain voting without trusted committees, though the technology remains impractical. Ethereum co-founder Vitalik Buterin published a technical essay outlining how cryptography could one day enable people to vote privately onchain without relying on a trusted group to manage ballots or reveal the result. In a blog post on Monday, Buterin said a cryptographic approach called indistinguishability obfuscation (iO), combined with blockchain infrastructure, could support private and collusion-resistant voting with “almost no trust assumption.” The approach would replace threshold committees, which jointly decrypt voting data, with protected programs designed only to reveal the outcome. Private onchain voting remains dependent on groups of operators safeguarding information and behaving honestly. Removing that dependency could make decentralized governance harder to manipulate, reduce the risk of insider in...
MiCA crypto licensing data shows 244 approved companies across EU and EEA jurisdictions, led by Germany with France and the Netherlands also among top hubs ahead of July 1 cliff. Update 2:00 pm UTC, June 29: Added comment from Germany’s Federal Financial Supervisory Authority (BaFin). The European Union’s Markets in Crypto-Assets Regulation (MiCA) framework is producing uneven crypto licensing across member states and European Economic Area (EEA) jurisdictions, with Germany leading approvals under the new regime that takes effect on Wednesday. Data from the European Securities and Markets Authority (ESMA) interim register, compiled on Friday, shows Germany has 57 MiCA-authorized crypto-asset service providers (CASPs), accounting for about 23% of the 244 total licenses issued. Read more
Bitcoin prepped an "interesting" RSI divergence into the Q2 and June candle close as analysis compared $60,000 to the $30,000 mark in the 2022 bear market. Bitcoin (BTC) nears the end of June and Q2 2026 threatening to lose $60,000 support. Can RSI divergences save bulls? Key points: Read more
Kiwoom Securities is reportedly seeking to acquire a stake in crypto exchange Bithumb, as more brokerage firms race to secure a stake in the industry ahead of the FSC’s new regulatory reforms in July. South Korean brokerage Kiwoom Securities is reportedly in talks to buy a stake in Bithumb, making it the latest traditional financial firm in the country to seek exposure to a local crypto exchange. The two companies are reportedly discussing a third-party allotment of new shares that would allow Kiwoom Securities to acquire new shares issued by Bithumb, Chosun Biz reported on Monday. Cointelegraph contacted Kiwoom Securities and Bithumb for comment on the reported talks. Read more
Galaxy cut its 2026 CLARITY Act odds to 50%, warning that Senate floor time is running out before the August recess. Galaxy Digital has cut its odds of the CLARITY Act becoming law in 2026 to 50%, warning that the US Senate is running out of time to move the crypto market structure bill before its August recess. “We are reducing our odds of CLARITY Act passage in 2026 to 50-50,” wrote Galaxy's head of firmwide research, Alex Thorn, citing the lack of a unified Senate Banking-Agriculture text, no firm floor schedule and a narrowing legislative window before lawmakers leave Washington. Thorn said the downgrade was about the bill's timing, not substance and added that the congressional competition for floor time “intensified” after US President Donald Trump abruptly canceled the signing of the bipartisan housing bill and said he would not sign it until Congress passed the SAVE Act, to introduce a proof-of-citizenship elections bill. Read more
The AI investment surge is a potential flashpoint for systemic risk, “as financing has relied on enormous debt and highly leveraged nonbank structures that can rapidly unwind,” one analyst said in response to the report. The Bank for International Settlements has warned that artificial intelligence “exuberance” could have major financial consequences, as heavy reliance on debt financing in AI ventures raises the risk of cascading defaults if investor optimism fades. The five largest hyperscalers are set to spend more than $1 trillion on AI-related capital expenditures from 2025 through 2026, and these commitments are outpacing earnings, the Basel-based institution said in its annual economic report released Sunday. “Equity valuations are elevated, particularly for firms at the core of AI development ... sustaining such high growth could become increasingly challenging,” the bank said. Read more
“We lacked a virtual machine, no composability, no real‑world payment use cases. That limitation kept our ecosystem from growing,” said the team. Ethereum’s first zero-knowledge rollup, Loopring, announced Sunday the closure of its decentralized exchange and automated market maker, ending all trading services and halting the relayer effective immediately. In a post on X on Sunday, the team cited three main reasons for the closure: its failure to gain meaningful adoption, a lack of business development skills and being technologically surpassed by modern zkEVM solutions. “To be honest, Loopring never gained meaningful adoption,” the team said. “As the first zk-rollup, we lacked a virtual machine – no composability, no real‑world payment use cases. That limitation kept our ecosystem from growing.” Read more
Bitcoin RSI bullish divergences formed the basis for the new bull case, but some market takes warned that new BTC price lows were still to come. Bitcoin (BTC) continued its battle to reclaim $60,000 into the weekend as chart cues fueled hopes of a recovery. Key points: Read more
BitMine and Joe Lubin back a new non profit called Ethlabs that aims to spur adoption. Binance shutters services in Europe after failing to secure a license. About 60% of users who placed their first World Cup bets on Polymarket had never interacted with blockchain protocols before, suggesting prediction markets are becoming an entry point into crypto. The finding is based on a 90-day Bitget Wallet study that tracked the onchain activity of 857,000 active Polymarket users. Alvin Kan, chief operating officer at Bitget Wallet, told Cointelegraph that earlier crypto onboarding efforts largely focused on making blockchain technology easier to understand through simpler wallets and better user interfaces, but users were still expected to learn how crypto worked before they could participate. “Prediction markets shifted that dynamic. Users show up because they have a view on something happening in the world,” Kan said. Read more
The Basel-based institution said that private digital tokens fall short of the requirements for sound money and urged policymakers to accelerate work on tokenized forms of central bank and commercial bank money. The Bank for International Settlements (BIS) warned that the rapid expansion of stablecoins risks fragmenting the global monetary system and weakening sovereign monetary control, urging central banks and the financial industry to accelerate the development of tokenized forms of central bank and commercial bank money as a safer alternative. In its Annual Economic Report published Sunday, the Basel-based institution delivered a sharp assessment of the approximately $316 billion stablecoin market, arguing that tokens pegged to fiat currencies lack the institutional features required to serve as safe, reliable money at scale. BIS pointed to structural vulnerabilities in reserve asset management and warned that a significant migration from commercial bank deposits into private digital tokens could reduce b...11876 items