Solana trades near $80 as SOL/BTC breaks a year-long downtrend, with $84.78 resistance and $100 target in focus. Solana traded near $80.79 after gaining 0.58% over the past 24 hours. The move came as buyers returned after weeks of heavy selling. The token also showed strength against Bitcoin after breaking...
Bitcoin Futures Demand Turns Positive While a $63B Cash Problem Won’t Budge
Bitcoin futures demand flips positive as CryptoQuant flags a bull setup, but exchange stablecoin reserves near $63.2B say the cash to fund it keeps leaving. The cash sitting on exchanges keeps thinning out. That would normally end the conversation. Bitcoin futures demand apparently decided otherwise. Futures positioning for BTC has...
BTC Rejected at $65K: Why $62.5K Is the Make-or-Break Level Today for Bulls
BTC faces $62,500-$62,800 support after rejection near $65K, with $60K in view if the daily close breaks lower. Bitcoin has moved back into focus after a rejection from the $64,500 to $65,000 resistance zone, where buyers failed to secure a clean breakout above the recent local high near $64,700. The...
Coinbase Bitcoin Premium Goes Negative for 50 Days as Demand Fears Rise
Coinbase Bitcoin Premium Index stays negative for 50 days as BTC trades near $64K-$65K resistance after rebounding from $58K. The Coinbase Bitcoin Premium Index has stayed negative for 50 days, according to Coinglass data. The streak began on May 19 and is now the longest on record. The latest reading...
Crypto Exchange Coinbase Wins UK FCA Approval for Stocks and Derivatives
Crypto exchange Coinbase wins UK FCA approval to offer stocks and derivatives, expanding its regulated investment services for UK retail and institutional investors. Crypto exchange Coinbase has received a major regulatory approval in the United Kingdom. The approval will enable the company to provide stocks and derivatives as well as...
DOJ Advances US Strategic Bitcoin Reserve With Treasury, Commerce
DOJ reviews legal authority for the US Strategic Bitcoin Reserve with federal agencies. Treasury and Commerce continue discussions over oversight of national Bitcoin holdings. Congress considers BITCOIN and ARMA Acts to establish the reserve through legislation. The U.S. Department of Justice is working with the Treasury and Commerce departments to...
Galaxy Delivers 133 MW to CoreWeave as Bitcoin Mine Becomes AI Hub
Galaxy delivered 133 MW of critical IT load to CoreWeave under a 15-year lease. Helios shifted from Bitcoin mining into a revenue-generating AI data center campus. Phase II adds 260 MW as Galaxy targets over $1B in annual revenue from Helios. Galaxy has completed the first phase of power delivery...
Ethereum to $20K? ETH Thesis Sparks Altcoin Market Reset Debate Across Crypto
Ethereum tests $1,796 resistance as traders watch $1,816, $1,844 and $2,245 levels for ETH breakout signals. Ethereum is again at the center of market debate as traders assess whether ETH can reclaim key technical levels. The discussion has also pulled wider altcoin sentiment into focus. A recent ETH market thesis...
Tether Is Bringing USDT Back to Bitcoin, and RGB Could Change Everything
Tether plans to issue USDT natively on Bitcoin through RGB v0.11.1, with UTEXO leading the rollout as early as July. Tether is preparing to issue USDT natively on Bitcoin through RGB protocol version v0.11.1. The rollout would return USDT to the network where it first launched in 2014 through Omni-Mastercoin....
BONK DAO’s $20M “Legal” Heist: When Perfect Code Meets Prison in Crypto
BONK DAO loses 4.426T BONK worth $21.2M after a token-weighted vote passed using 882.285B BONK quorum power. BONK DAO is facing review after a governance vote reportedly drained about $21.2 million from its treasury. The case involves a proposal that moved 4.426 trillion BONK to a wallet controlled by the...