Bitcoin may fall lower but BTC power-law frames crash to $58K as ‘normal’
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. Go to Source
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XRP risks drop below $1, but onchain data highlights silver lining
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. Go to Source
South Korean authorities fine Bithumb $136K over sharing user information overseas
The fine comes after an investigation concluded that Bithumb shared information with many overseas exchanges in violation of laws intended to protect user data. Go to Source
SBI to acquire Bitbank in $289M deal creating Japan’s biggest crypto exchange
The Japanese financial conglomerate plans to take full control of Bitbank as it expands an ecosystem spanning crypto trading, stablecoins, tokenization and blockchain infrastructure. Go to Source
Binance faces EU service limits next week as MiCA rules take effect
Binance will limit EU onboarding and services from July 1 under MiCA rules after failing to gain authorization from a member state, while withdrawals remain available for users. Go to Source
Iran-linked entities moved $3.8B through CoinEx, TRM says
TRM Labs traced $3.8 billion moved by 60 sanctioned Iranian entities through CoinEx and said that the exchange’s 8% share of illicit transactions was substantially higher than its counterparts. Go to Source
HYPE down 22% from record highs: Will spot demand revive the uptrend?
HYPE price drops near a key support zone where fading selling pressure collides with shrinking futures market activity. Will the altcoin resume its uptrend above $60? Go to Source
FTX exec’s wife scheduled for November trial on campaign finance charges
A Manhattan judge ordered that Michelle Bond’s criminal trial start in November after he denied a motion to dismiss the indictment based on claims that prosecutors misled her husband over her charges. Go to Source
Multi-year Bitcoin holder selling falls to 19-month low as halving model flags new market bottom date
OG Bitcoin holders’ spending dropped to a 19-month low, as market cycle indicators point to September as a potential market bottom. Go to Source
Andrew Cuomo to lead joint TradFi-crypto venture between OKX and Intercontinental Exchange
The venture is subject to regulatory approvals but will be co-chaired by ICE and former New York Governor Andrew Cuomo, who began working with OKX in 2023. Go to Source