Market news
Crypto, stocks, forex and macro, aggregated for traders.
Ex-Ethereum Foundation Employee Warns of Funding Crisis for Core Development
Former Ethereum Foundation staff member Trent VanEpps warned that the network may face a 'slowly growing funding crisis' for core development in coming months, citing reduced spending and the end of the Client Incentive Program. He estimated the ecosystem requires about $30 million annually.
US Crypto Negotiators Push to Finalize Clarity Act Before August Recess
Bipartisan lawmakers are racing to finalize the Clarity Act market structure bill before the August recess, with the Senate Agriculture Committee taking a central role in jurisdiction talks.
Bitcoin Dips Below $64K After Fed; Glassnode Warns of Bear Zone
Bitcoin fell below $64,000 following the Fed meeting. Glassnode reports it remains in bearish territory. Tether is winding down its Alloy project and aUSDT token, while the Aztec network suffered a $2 million exploit.
Hacker Exploits Unused Aztec Smart Contract, Drains $2.15M
A hacker exploited a vulnerability in an outdated Aztec Payments smart contract on the Aztec L2 network, stealing approximately $2.15 million. The attacker spent only 0.134 ETH ($230) to execute the attack.
Bitcoin 15% Below True Average Market Price of $77,200
Bitcoin is trading 15% below its true average market price of $77,200, according to Glassnode on-chain metrics. Short-term holders are still underwater, with the MVRV ratio at 0.9, and realized cap has declined 1.45% over 90 days, indicating a continued bearish trend.
Joseph Lubin: Biggest Crypto Bull Market Ahead, Fueled by AI and Wall Street
Ethereum co-founder Joseph Lubin predicts the largest crypto bull market is still to come, driven by artificial intelligence and institutional adoption from Wall Street. He shared the view in a recent interview.
Grayscale Analysts Call AAVE 'Undervalued', Set $179 Target
Grayscale analysts consider AAVE token undervalued with a $179 price target for the next year, citing stablecoin-driven revenue growth.
Tether to Shut Down Alloy by Tether and aUSDT
Tether announced the phased closure of Alloy by Tether and its overcollateralized dollar-pegged asset aUSDT, citing a review of user activity, market demand, and company priorities. Existing customers have three months to return aUSDT and withdraw their gold-backed collateral.
Fed Holds Rate Steady, Bitcoin Volatile at First Warsh FOMC
The US Federal Reserve left its key interest rate unchanged at 3.5-3.75%, matching market expectations. Bitcoin showed volatility following the decision, which was the first FOMC meeting chaired by new Fed Chair Kevin Warsh.
Strategy's $1.5B Debt Payoff Hits Preferred Stock STRC, Dividends at Risk
Strategy paid off $1.5B in debt, reducing its cash cushion for STRC preferred stock dividends to about 7 months. STRC closed at $91.79, well below par, while rival Strive's SATA offers daily dividends and zero debt.
Fed Holds Rates at 3.5-3.75% as Expected; Bitcoin Volatile
The US Federal Reserve kept interest rates unchanged at 3.5-3.75%, matching market expectations. Bitcoin reacted with volatility during the first FOMC meeting chaired by new Fed Chair Kevin Warsh.
Crypto Roundup: Bitcoin Consolidation, US CBDC Ban, Hyperliquid OI Hits $10B
Bitcoin consolidates as the US bans CBDC until 2030, Hyperliquid reaches $10B in open interest, and memecoin activity plummets on Pumpfun.
Moody's Expands Token Integration Engine to Solana for On-Chain Credit Ratings
Moody's Ratings has expanded its Token Integration Engine to the Solana blockchain, allowing credit ratings to be integrated and machine-readable on a public blockchain for the first time.
US Congress Advances Bill Banning Fed CBDC Until 2030
The US Senate and House have agreed to advance the 21st Century ROAD to Housing Act, which prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) until December 31, 2030. Private stablecoins are exempt from the restriction.
Hyperliquid Open Interest Tops $10B, Now Third-Largest Perps Platform
Hyperliquid's open interest has surpassed $10 billion, making it the third-largest perpetual futures exchange, according to a Talos report. Growth was driven by traditional asset markets and third-party DEXs under HIP-3.
US Gaming Associations Urge Senate to Ban Sports Prediction Markets Under GENIUS Act
The American Gaming Association, Indian Gaming Association, and Association of Gaming Equipment Manufacturers have called on the U.S. Senate to ban prediction markets linked to sports and gambling as part of the GENIUS Act, arguing they circumvent state laws and consumer protections.
Binance Disputes Report of Imminent MiCA License Rejection in Greece
Binance pushes back against a Reuters report claiming Greek regulators are poised to deny its MiCA crypto license, saying its application has been deemed compliant and that a final decision is pending.
Bitcoin Sharpe Ratio Hits -20, Historically Marking Price Bottom
Bitcoin's Sharpe ratio dropped to -20 on June 11, a level that historically signals a price bottom and the start of accumulation. Exchange reserves fell by 80,000 BTC since February, while long-term investors doubled their buying pace.
US Congress Deal Pauses Fed CBDC Until 2030
The US Congress has reached a bipartisan agreement on a major housing bill that includes a provision prohibiting the Federal Reserve from issuing a central bank digital currency until 2030.
US-Iran Deal Boosts Crypto Market, Analysts See Consolidation Ahead
A reported US-Iran agreement has lifted cryptocurrency prices, though analysts expect consolidation. Other news includes record HYPE-ETF volume, Grayscale's AI demand forecast, and a Supreme Court ruling on crypto theft.
BlackRock Lists Bitcoin Premium Income ETF (BITA) on Nasdaq
BlackRock has launched the iShares Bitcoin Premium Income ETF (BITA) on Nasdaq, combining spot Bitcoin exposure with covered call option selling to generate monthly income.
Michael Saylor Unveils 'Digital Asset Stack' with Five Layers
Michael Saylor, founder of Strategy, introduced a five-layer 'digital asset stack' comprising digital capital (bitcoin), digital credit, digital money, digital yield, and digital capital (equities).
Analysts Split as Bitcoin Rally Lacks Buyer Engagement
Despite a slight boost from US-Iran deal news, Bitcoin's recovery to $66k is dismissed by Wintermute as a bear-market rally while Swissblock notes record-low buyer involvement.
Russia's Supreme Court Adds Digital Ruble, Digital Currency to Theft List
The Supreme Court of Russia has updated its 2002 ruling on judicial practice for theft, robbery, and burglary to include digital rubles, digital rights, and digital currency as items of theft.