Crypto News

Fidelity FBTC Leads Bitcoin ETF Inflows With $14M as Market Bleeds $82M Post-FOMC - Fidelity FBTC Leads Bitcoin ETF Inflows With $14M as Market Bleeds $82M Post-FOMC The FOMC Hold and Why It Hurt Bitcoin ETF Flows The Federal Reserve's June FOMC decision was not a surprise. What it confirmed, however, was the duration of the current rate environment – and duration is what has been grinding on Bitcoin ETF inflows all year. Higher-for-longer rates raise the opportunity cost of holding non-yielding assets. Bitcoin pays no coupon. A Treasury bill at 5.25% does. When the Fed signals that cuts are a 2027 event, systematic allocators – hedge funds, multi-asset managers, and even some RIA models – reduce their BTC exposure to capture the...

Strategy’s STRC Nears Record Low as Bitcoin Buying Draws Fire - Strategy’s STRC Nears Record Low as Bitcoin Buying Draws Fire Nick Ruck from LVRG Research notes that the broader risk-off sentiment in crypto has impacted investor interest. Despite a variable dividend providing over 12% yield, ongoing selling pressure and concerns about Strategy's growing capital structure are testing its stability. With around $21Bn in debt obligations, each new preferred share issuance complicates the capital structure, making it challenging for individual instruments to maintain their anchor price. Strategy (MSTR) Is Feeling the Same Pressure MSTR shares experienced a significant 6.35% drop on Tuesday, closing at $122.81 and marking a 67% decline...

Crypto Traders Are Wagering on SpaceX’s IPO Market Cap — Biggest Payouts Could Top 100x - Crypto Traders Are Wagering on SpaceX’s IPO Market Cap — Biggest Payouts Could Top 100x At current prices, a trader buying a SpaceX contract for about 90.4 cents would earn 9.6 cents per share if SpaceX ultimately debuts with the larger market value, representing a return of roughly 10.6%. By contrast, an OpenAI contract trading at around 11.8 cents would return 88.2 cents per share if OpenAI emerges with the higher valuation, equivalent to a nearly 750% gain. The maker of ChatGPT confidentially filed paperwork with the US Securities and Exchange Commission earlier this month, opening the door to a future IPO. However, Chief Executive Sam...

CLARITY Act Faces July 4 Deadline as Senate Still Lacks 60 Votes: Will the Crypto Bill Pass by July 4? - CLARITY Act Faces July 4 Deadline as Senate Still Lacks 60 Votes: Will the Crypto Bill Pass by July 4? Illicit finance requirements make up the third unresolved cluster. Law enforcement agencies have pushed for on-chain transaction monitoring obligations and clearer AML provisions covering decentralized exchanges and self-custodied wallets. Those provisions have created tension with the crypto industry's core argument that privacy and self-custody are non-negotiable features of the technology. What the Bill Does for Consumers Orest Gavryliak, chief legal officer at DeFi protocol 1inch, said the most immediate benefit the bill...

India Bans Pavel Durov Telegram: GRAM and Crypto Hammered, Whatsapp Accused - India Bans Pavel Durov Telegram: GRAM and Crypto Hammered, Whatsapp Accused The source called the conflation either a misunderstanding of the sector or deliberate misinformation. Telegram, Jio, Meta, and Reliance Communications had not responded to media queries at the time of publication. Not Just Pavel Durov, Crypto Takes a Hit by India Decision The bull case for Gram, or TON blockchain, has always been distribution, so is crypto in general. Telegram's crypto funnel is running at scale. India, with 104 to 150 million Telegram users, is the largest single node in that funnel. Per the report, the disruption of crypto hit tap-to-earn games, daily quiz...

SpaceX SEC Filing: 18,712 BTC Still on Balance Sheet Post-IPO - SpaceX SEC Filing: 18,712 BTC Still on Balance Sheet Post-IPO Before the S-1 filing, on-chain analytics firm Arkham had attributed roughly 8,280 BTC to SpaceX wallet addresses, less than half the disclosed 18,712 BTC. The gap exists because SpaceX holds its Bitcoin through third-party custodial arrangements, in which the coins sit in omnibus wallets that are not directly traceable to a single corporate entity on-chain. The takeaway for investors tracking corporate Bitcoin holdings: SEC filings remain the authoritative source. Chain analysis, however sophisticated, cannot fully account for custodial positions held off-exchange or in institutional custody structures. The...

Gaming industry, unions push for prediction market rules in crypto bill - Gaming Industry, Unions Push for Prediction Market Rules in Crypto Bill The gaming industry and unions are uniting to support a proposal for integrating prediction market regulations within a proposed cryptocurrency bill. The legislation aims to create a legal framework for emerging technologies in the trading and gaming sectors. Proponents of the bill argue that structured rules will provide clear guidelines, prevent potential market manipulation, and create a safer environment for consumers. This is particularly important as prediction markets, which facilitate betting on the outcome of events, have grown in popularity but faced legal ambiguities. The...

'Walmart's only crypto toy' shuts down popular game - Walmart has quietly shut down a key feature of its Pudgy Penguins venture, a game called Pudgy Party, less than a year after the digital collectible project launched the feature. The shut down marks a significant step back for the Pudgy Penguins project which launched as a way for Walmart to test the waters in the digital collectible and gaming space. The Vision for Pudgy Penguins Launched in late 2022, Pudgy Party was heralded as a unique entry point for Walmart into the digital gaming and collectible segment. The feature allowed users to engage with Pudgy Penguins toys virtually, bridging physical and digital play. It was part of an effort to engage a younger, digitally savvy...

Crypto Exchange Binance Will Be Rejected for EU Regulatory License: Reuters - Crypto Exchange Binance Will Be Rejected for EU Regulatory License: Reuters Binance, the world's largest cryptocurrency exchange by trading volume, is set to face significant regulatory challenges in Europe. According to reports from Reuters, Binance is expected to be rejected for a regulatory license under the EU's forthcoming Markets in Crypto-Assets (MiCA) regulations. As the EU prepares to implement its comprehensive regulatory framework for digital assets, exchanges and service providers are making attempts to comply with these new rules. The MiCA regulations are designed to create a clear legal framework for digital assets across the EU, aiming to...

Peter Schiff Admits Bitcoin ‘Will Not Go To Zero’ in Debate — Calls Out Strategy's Latest BTC Purchase - Schiff Targets Strategy's Latest Bitcoin Purchase Schiff also recently criticized Michael Saylor's Strategy and its continued efforts to acquire Bitcoin through capital markets transactions. His comments followed Strategy's disclosure that it had purchased 1,587 Bitcoin for approximately $100 million on Monday. Responding to the purchase, Schiff said the company was now harming common shareholders to maintain returns promised to preferred shareholders. Schiff argued that Strategy's model had evolved from selling shares at a premium to issuing debt and preferred stock to fund Bitcoin purchases — and now relies on issuing...

South Korea Charges 23 Over Crypto Laundering Tied to $11M Cambodian Scam Ring - Stablecoins such as USDT remain the preferred vehicle for illicit flows because, as Peh noted, criminals use them "for largely the same reasons legitimate users do": liquidity, portability, and relative price stability. On-chain transactions stay "transparent and traceable," she remarked, and issuers can freeze funds once illicit use surfaces. Cases like this "certainly can, and already have" strengthened the argument for tighter global oversight of stablecoins, Peh said, adding that stablecoin issuers should be part of the "fraud-prevention front line" and that clearer legal frameworks are needed to help issuers, exchanges, banks, and authorities...

Bitcoin’s Current Setup Mirrors March 2023 Bottom That Preceded a 238% Rally: Analyst - Bitcoin’s Current Setup Mirrors March 2023 Bottom That Preceded a 238% Rally: Analyst Spot Bitcoin ETFs, which absorbed hundreds of thousands of Bitcoin in the months following their January 2024 approval, have recorded outflows across consecutive weeks. Darkfost said the 30-day average net demand growth has turned negative, reaching approximately -66,000 Bitcoin, a net outflow reading not previously recorded in the available data set. Structural Question Remains Open March 2023's P-10 reclaim did not occur in isolation. It coincided with an early accumulation phase that drew institutional capital back into the market following the collapse of...

Ethereum Price Falls 30% Below 200-Week SMA as Tom Lee's Bitmine Nears Possible Buying End - Ethereum Price Falls Below the 200-Week Average for the Second Time For technical analysts, the 200-week SMA is one of the most closely watched long-term trend indicators in crypto markets. Assets trading significantly below this average are often considered historically undervalued relative to their long-term trend, although such conditions can persist for extended periods during bear markets. Ethereum first fell decisively below the indicator during the major market correction in early 2025. The weakness is also visible across shorter-term metrics. At the time of reporting, Ethereum was trading at $1,718. This is below its 20-day...

Kraken Launches Regulated Crypto Perps for US Traders - Kraken, a well-known cryptocurrency exchange, has announced the launch of regulated cryptocurrency perpetual contracts (perps) for traders in the United States. These products offer a new way for U.S. traders to engage with digital assets under the regulatory oversight that has been a focus of the cryptocurrency trading world. New Trading Opportunities The introduction of these regulated contracts is seen as a significant step, aiming to provide investors with a secure and compliant avenue for trading. This move is expected to broaden the participation of U.S. traders in futures-like cryptocurrency transactions without the expiration dates traditional futures contracts have...

Is Japanese Crypto Exchange Banning Prediction Markets? Bitbank Issues Warning - Is Japanese Crypto Exchange Banning Prediction Markets? Bitbank Issues Warning Prediction market firms argue that their products function as markets for information and risk assessment. However, many regulators have been unconvinced. Authorities have concluded that contracts allowing users to risk money on future outcomes fall within gambling frameworks — regardless of whether blockchain technology is involved. At the same time, the sector continues to push for a separate regulatory approach. Supporters contend that event contracts differ from conventional sports betting because they can serve forecasting and hedging purposes. This article has been...

Bitcoin Giant Strategy Pads Cash Cushion for Second Straight Week, Buys BTC - Bitcoin Giant Strategy Pads Cash Cushion for Second Straight Week, Buys BTC Bitcoin Tops $65K on US-Iran Deal, But Traders Remain Skeptical Saylor's remarks came days after he clarified on X that the company gauges "accretion" in multiple ways. Historically, Strategy has referenced accretion in relation to whether its latest purchase increased the amount of Bitcoin that the company owns per share. "Accretion depends on the metric," he added, noting that the company can measure it in terms of its Bitcoin-owned-per-share metric or the net value of assets, including cash reserves. The purchase that Strategy disclosed on Monday reduced the firm's Bitcoin...

MetaMask Expands Crypto Card to 13 New Latin American Countries - MetaMask Expands Crypto Card to 13 New Latin American Countries Three scenarios in brief: Bull case: LatAm expansion boosts retail adoption, with card usage spreading beyond current MetaMask users as new users are attracted by spending utility. mUSD gains organic demand through on-chain cashback, increasing transaction volume on Linea and Base. Competing wallets launch similar products, validating the category and broadening the market. Crypto spending becomes routine. Base case: Adoption grows slowly within the existing crypto user base. The addition of 13 new countries increases volume, but onboarding remains challenging for the unbanked or crypto-curious due to...

Wall Street Could Boost Uniswap's Token Price Nearly 40x by 2030: Standard Chartered - Wall Street Could Boost Uniswap's Token Price Nearly 40x by 2030: Standard Chartered Recent analysis from Standard Chartered suggests that Uniswap's token could experience a significant jump in value, as much as 40 times by the year 2030. This outlook is part of a broader prediction regarding the potential influence of Wall Street and traditional finance on cryptocurrencies and decentralized finance platforms. The evaluation stems from Standard Chartered's investigation into how increased interest from institutional investors and broader adoption of decentralized financial technologies could impact the token's market potential. Standard...

What Happened to Cardano’s Missing 1,096 Bitcoin? Hoskinson Gives His Answer - Hoskinson also pushed back against allegations that the funds remain unaccounted for, arguing that critics are applying present-day Bitcoin valuations to transactions that occurred a decade ago. Critics Want Documentation, Not Explanations Despite the clarification, investor Thomas Braziel said important questions remain unanswered. Braziel argued that the issue has never been whether audits cost money, but rather whether the available evidence sufficiently explains where the 1,096 BTC ultimately went and who received it. Following Hoskinson's remarks, Braziel called for supporting documentation, including invoices, payment approvals, and transaction...

Ripple Targets $1 Billion Revenue Run Rate by 2026, Excluding XRP - Ripple Targets $1 Billion Revenue Run Rate by 2026, Excluding XRP Garlinghouse's emphasis on excluding XRP from the revenue target comes as investor interest in the token remains strong. XRP-linked investment products recently recorded their fifth consecutive week of inflows, attracting approximately $10.68 million during the week ending June 12, according to industry data. Meanwhile, XRP traded near $1.18 on June 15, demonstrating resilience despite broader market volatility. The separation between Ripple's operational revenue and XRP-related activity could provide institutional customers with a clearer framework for evaluating the company's business...