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Ethereum’s oldest wallets are selling into the $1,500 demand line buyers cannot dodge

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Four long-dormant Ethereum wallets have turned ETH’s latest drawdown into a cleaner test of buyer conviction. The wallets received 37,602 ETH about eight years ago and have remained quiet amid much larger unrealized gains. They have now moved 33,623 ETH, worth roughly $52.5 million, according to Lookonchain, at an average price of around $1,560. ETH was … Read more

Michael Saylor’s Bitcoin machine hits $8 billion cash wall as STRC crashes 25% below par

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Strategy, the Bitcoin treasury and enterprise software company formerly known as MicroStrategy, has spent years turning public markets into a funding engine for Bitcoin purchases. That model helped make the company the world’s largest corporate holder of the digital asset. Now, the securities used to power that strategy are flashing stress. The pressure is centered … Read more

Outdated bank rules may keep crypto outside the banks now allowed to hold it

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Banks across the US, the UK, and Europe finally have a legal path to issue stablecoins, custody Bitcoin, and settle tokenized funds, yet the capital rulebook that governs it all still treats a Bitcoin position as something close to a guaranteed loss. Under the Basel Committee’s cryptoasset standard, which has been live in member jurisdictions since January 1, … Read more

Elizabeth Warren once said CBDCs have a “great promise” – Now she’s helping block it

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Elizabeth Warren has spent much of the past decade warning Americans about the risks posed by privately issued and decentralized digital assets. Over the years, the Massachusetts Democrat has built a reputation as one of crypto industry’s most recognizable critics by persistently linking the emerging industry to money laundering, speculative excess, consumer losses, and sanctions … Read more

The oil scare is fading, but Bitcoin is still trapped by the gas-price hangover

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Bitcoin is trading near $64,000, roughly mid-channel in the $57,000-$77,000 range that has defined the market since the Strait of Hormuz shock. Can-Luca Köymen, investment strategist at Sygnum, called the current setup a catalyst-light regime in a note: “Absent a decisive catalyst the path of least resistance is range-trading driven by positioning and flows rather … Read more

Stablecoins are becoming a central bank problem hiding in T-bill markets

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Stablecoin flows have crossed from crypto liquidity into the market map central banks use to track dollar funding. The Bank for International Settlements, in its June 23 Annual Economic Report chapter on innovation beyond stablecoins, argued that private dollar tokens still fall short of the core tests of money. The same official-sector push now sits alongside a working paper … Read more

Stablecoins are quickly becoming the Kevin Warsh’s Fed’s next policy problem

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Stablecoins have moved from a crypto-policy-side market to Kevin Warsh’s Federal Reserve’s dollar-policy agenda. Fed Governor Christopher Waller used the central bank’s June 22 dollar conference to frame digital assets, including stablecoins, as part of the research agenda around the dollar’s international role. The remarks were a research signal rather than a new stablecoin policy. … Read more

Arthur Hayes says AI rescue liquidity could send Bitcoin price to $1,000,000

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Arthur Hayes outlined a path to $1 million Bitcoin price built around AI absorbing liquidity, the buildout collapsing under debt, authorities printing, and capital rotating into crypto. Hayes made the argument on Bankless, saying that AI became the dominant capital sink, and his Substack essay noted that roughly $1.5 trillion in AI-related debt was issued … Read more