European regulator ESMA called on unauthorized crypto-asset service providers to wind down their businesses in an orderly manner as the MiCA transitional period ends on July 1.
Bitcoin is trading below key technical and onchain valuation levels, with historical bear market patterns suggesting a potential bottom closer to $45,000.
Your look at what’s coming in the week starting June 29.
BIS’s latest annual report dives into stablecoins and AI trends.
The firm’s global general counsel, Peter Wilkinson, has taken over as CEO from Stephan Lutz.
Samsung and SK Hynix are pulling a chip-plant buildout forward by a decade to meet AI memory demand. It is the latest and largest sign of the AI capital cycle that has drawn money away from crypto all year.
U.S. equity futures rose after reports the U.S. and Iran agreed to halt strikes and resume talks. Bitcoin has barely moved, still down 6.8% on the week.
Investors have pulled out $4 billion from the U.S.-listed spot bitcoin ETFs in June, the highest outflow on record.
The Binance founder shared his views on a variety of topics in an exclusive interview with CoinDesk earlier this month.
The bitcoin advocate said his crypto bottom claim is based on the fact that the traditional four-year halving cycle has changed, although several analysts continue to expect further downside.
The token is down nearly 7% on the week with the altcoins falling harder. Bitcoin and ether are both ending the second quarter in the red, a back-to-back losing first half that runs against the usual pattern.
Bitcoin has long been lumped in with precious metals as a hedge against a weakening dollar. That trade is unwinding on a hawkish Fed, and bitcoin is falling alongside the metals it was supposed to rival.