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Bitcoin’s $10 billion credit market keeps growing after its first major selloff

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Bitcoin’s $10 billion credit market keeps growing after its first major selloff
Bitcoin’s more than $10 billion corporate credit market is still attracting new entrants after a June selloff triggered margin calls and drove its leading preferred shares far below par. A new report from BitcoinTreasuries.net described the downturn as the sector’s first meaningful stress test, offering an early measure of whether companies can reliably build financing … Read more

AscendEX shuts down after MiCA miss and warns some withdrawals may not be processed

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AscendEX shuts down after MiCA miss and warns some withdrawals may not be processed
AscendEX shut down on July 1, leaving some customers unsure whether they will recover their funds. The exchange said in a July 6 notice that it does not hold authorization under the European Union’s Markets in Crypto-Assets framework. It also cited financial and operational pressures, including a failed strategic transaction expected to provide liquidity. Customers … Read more

GENIUS Act deadline puts stablecoin issuers on the clock

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GENIUS Act deadline puts stablecoin issuers on the clock
Regulators have until July 18, 2026, to turn the GENIUS Act from a statute into access rules for stablecoin issuers that want a clear regulatory path into the US. That date is the Act’s one-year rulemaking deadline, not a blanket cutoff for users or every restriction on issuers. Public Law 119-27 requires primary federal payment … Read more

SEC could start writing crypto rules before the Senate votes on CLARITY

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SEC could start writing crypto rules before the Senate votes on CLARITY
Three SEC crypto proposals are now penciled in for July, covering token offerings, broker-dealer custody and trading venues. The agency could start writing the rules before the Senate even decides whether to take up the CLARITY Act. Earlier this week, SEC Chair Paul Atkins said the agency’s 2026 regulatory agenda aims to bring more crypto … Read more

Bitcoin’s $70K path now runs through pump prices as Iran shock fades

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Bitcoin’s $70K path now runs through pump prices as Iran shock fades
Bitcoin cleared $60,000 again the week the Bureau of Labor Statistics reported June payrolls grew by just 57,000, unemployment climbed to 4.2%, and labor-force participation slipped to 61.5%. The dollar index dropped 0.56% to 100.83, September Fed-hike odds fell to 54% from 67%, and Bitcoin is trying to breach $64,000 as of June 6. Stephen … Read more

Bitcoin’s bottom needs long-term holders to stop losing $280M a day

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Bitcoin’s bottom needs long-term holders to stop losing $280M a day
Bitcoin’s climb from $58,300 to $64,400, then back to $62,700, over the past week is a bounce that still leaves the price below two important levels tracked by Glassnode: the True Market Mean near $76,600 and the short-term holder cost basis near $72,200. The firm places Bitcoin in the later stages of a bottoming process, … Read more

Bitcoin looks calm but a July 17 oil deadline looms as Iran shock sends crude up 5%

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Bitcoin looks calm but a July 17 oil deadline looms as Iran shock sends crude up 5%
The US Treasury’s Office of Foreign Assets Control revoked General License X on July 7, cutting off the authorization that had allowed Iranian crude oil, petrochemical, and petroleum-product transactions through Aug. 21. Its replacement, General License X1, permits only wind-down transactions through 12:01 a.m. ET on July 17. Brent crude settled at $74.16 and WTI … Read more

Bitcoin rally now depends on one Fed document coming Wednesday

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Bitcoin rally now depends on one Fed document coming Wednesday
The Federal Reserve publishes the minutes of its June 16–17 meeting on Wednesday at 2 p.m. ET, and the release will either validate Bitcoin’s week-long recovery or pull out its foundation. Traders bought the rebound on a single macro assumption: a weakening US labor market limits how long the central bank can stay hawkish. The … Read more