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Bitcoin just slipped below the bear-market line traders cannot ignore

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Bitcoin’s move below the 200-week moving-average area has turned a familiar cycle marker into a live demand test. On Sunday, June 28, BTC traded at $60,238, down 6.1% over the past 7 days and 18% over the past 30 days. That left the spot below the 200-week weighted moving average, tracked by Newhedge at $62,383, after three … Read more

XRP investors capitulate at fastest pace since the 2022 crypto crash amid slide to $1

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XRP’s retreat toward $1 is testing whether one of the cryptocurrency market’s largest tokens can hold a level that has become increasingly important after months of declining prices. Data from CryptoSlate shows that the digital asset fell to $1.02 on Friday, its weakest price since February, as a market-wide selloff prompted traders to reduce exposure … Read more

Ripple’s MiCA win is not a full license yet – Here’s what it still has to prove

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Ripple secured preliminary approval as a Crypto-Asset Service Provider from Luxembourg’s financial regulator, the CSSF, on June 23. The approval was delivered as a “Green Light Letter,” which the company is pairing with the EMI license it finalized in the same jurisdiction in February. Together, the two approvals put Ripple inside MiCA’s perimeter, where one … Read more

Congress blocks introduction of any CBDC in the next 4 years – but the fight over digital money is just starting

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Congress just blocked the Federal Reserve from issuing a CBDC, and the companies benefiting most are private stablecoin issuers like Circle and Tether. The 21st Century ROAD to Housing Act passed the Senate 85-5 on June 22 and cleared the House 358-32 the next day, and folded inside that housing package is a four-year ban … Read more

A $223M DAO vote could turn governance into a cash-out button

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GnosisDAO’s GIP-151 passed with 215% of the required quorum, 49 votes representing a voting weight roughly 2.15 times the 75,000 GNO minimum threshold. The proposal authorized a one-time pro rata treasury redemption, allowing GNO holders to surrender tokens in exchange for a proportional share of liquid treasury assets. A passed governance vote on a treasury … Read more

European crypto users are being paid to move before MiCA closes the door

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The European Union’s Markets in Crypto-Assets (MiCA) has triggered a fight among licensed crypto exchanges to capture users and deposits from platforms that may no longer be allowed to serve the bloc. The new regulation, which is set to take full effect on July 1, hardens the line between firms with bloc-wide authorization and those still … Read more

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