USDC And Bitcoin Lead $850 Million Exchange Outflow Wave
Crypto exchange balances saw a notable withdrawal wave heading into July 1, with USDC and Bitcoin leading approximately $850 million in net outflows from centralized platforms. The move adds another layer to a market already watching liquidity, ETF flows, and investor positioning closely. TL;DR Centralized exchanges reportedly saw around $850 million in net withdrawals over…
Bitcoin Falls Below $58,000 as Quarter-End Selling and Strategy Jitters Deepen 2026 Losses
Key Takeaways Bitcoin fell below $58,000 on June 30, its first trip under $60,000 since 2024, extending 2026 losses to 34%. A Strategy financing overhaul, $950 million Mt. Gox wallet move, plus continued ETF outflows have fueled the drop. Third-quarter direction hinges on whether spot demand stabilizes. A Brutal June Caps a Losing Half-Year Bitcoin…
Bitcoin Miner Ionic Digital Files for Nasdaq Direct Listing
Bitcoin miner-turned-AI infrastructure company Ionic Digital has filed for a Nasdaq direct listing that could give former Celsius creditors a public market for shares they received through the bankrupt lender’s restructuring. Registered stockholders may sell up to 10.8 million Class A shares under the proposed IOND ticker, according to a registration statement filed with the…
Dogecoin, XRP and Solana Split From the Pack in Crypto’s Worst June Week
Bitcoin briefly dipped below $60,000 during the final week of June before buyers stepped in, capping a turbulent seven days driven almost entirely by macroeconomic forces rather than anything crypto-native. As of the latest data, Bitcoin trades at $59,873, Ethereum at $1,564, XRP at $1.04, and Solana at $70.37. What Drove the Selloff Expectations of…
Galaxy Research Cuts CLARITY Act Passage Odds to 50-50 as Senate Clock Runs Out
Bitcoin Magazine Galaxy Research Cuts CLARITY Act Passage Odds to 50-50 as Senate Clock Runs Out Galaxy Digital’s research arm has cut its estimate of the CLARITY Act becoming law in 2026 to 50-50, down from 60% just three weeks ago, citing a Senate floor calendar that grows shorter each week and a bill that…
Bitcoin ETP Holdings Hit Record Drawdown As K33 Flags Outflows
Institutional Bitcoin demand is showing fresh signs of fatigue, with K33 Research reportedly flagging a record drawdown in global Bitcoin ETP holdings and rolling one-year flows turning negative for the first time since 2023. TL;DR K33 Research reportedly says global Bitcoin ETP holdings are down 8% from their peak. Rolling one-year flows have turned negative…
Curaçao Orders Its Crypto Casinos to Screen Wallets and Ban Mixers, With Full Compliance Due in 2027
The Curaçao Gaming Authority issued its first detailed crypto compliance guideline, effective June 2026. Operators must deploy blockchain analytics and segregate wallets, with full compliance due by June 2027. Mixers, sanctioned wallets and crypto-as-exchange activity are banned immediately under the new rules. The biggest crypto-casino hub raises the bar The Curaçao Gaming Authority (CGA) has…
OpenPayd Secures MiCA License for Crypto Services in Europe
Financial infrastructure provider OpenPayd said Wednesday that it has secured authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA), allowing it to offer crypto services across the European Economic Area (EEA) via passporting. The license lets OpenPayd operate as a crypto asset service provider (CASP) to offer services such as fiat-to-stablecoin on-ramping and off-ramping,…
Hayes on Market Trends in Cryptocurrency Today
While Bitcoin continues to trade near its recent lows, several market analysts believe the altcoin market is sending a very different signal. Some experts see the early stages of a new bull cycle, while others, like Arthur Hayes, are taking a more cautious approach. In particular, the market influence of Hayes is being discussed by…
JPMorgan: Bitcoin Mining Costs Have ‘Worsened’ as BTC Trades Below Production Cost
Bitcoin Magazine JPMorgan: Bitcoin Mining Costs Have ‘Worsened’ as BTC Trades Below Production Cost Bitcoin has traded below the estimated cost to mine it for five straight months, according to JPMorgan analysts, leaving roughly one in five miners unprofitable and pushing publicly listed operators to sell a record volume of coins. In a client note…
