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Crypto trends DeFi NFT & More Owner : @Azukicollector
💰 Bitfinex report notes renewed profit realization by long-term bitcoin holders
Bitcoin long-term holders, who had paused profit-taking since early May, appear to have begun selling off their holdings again, according to Bitfinex analysts. "Long-term holders of bitcoin are resuming their sales, and continued high levels of profit realization by long-term holders means the near-term outlook for bitcoin is vulnerable." Bitfinex analysts said.
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🇯🇵Sony expands into crypto with the acquisition of Amber Japan
Sony Group, a leading conglomerate in Japan, is set to launch a crypto exchange following its acquisition of Amber Japan. This acquisition comes over two years after the Singapore-based Amber Group acquired DeCurret, a regulated Japanese crypto exchange, and rebranded it as Amber Japan. Reports revealed that the exchange faced significant challenges in 2022 due to its exposure to the collapsed FTX exchange, leading to substantial losses.
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🇺🇸 US Treasury and IRS finalize crypto broker tax reporting rules
The US Treasury and IRS released final regulations defining the new reporting requirements for digital asset brokers on June 28. Crypto brokers, including exchanges, will need to report gross proceeds for crypto sales starting from 2026. This will include crypto sales during 2025. Furthermore, brokers will need to report information about the tax basis of some cryptos starting in 2027 for sales that occurred in 2026.
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💰 Bitcoin put-call ratio turns pessimistic ahead of Friday's quarterly expiry
The put-call ratio for bitcoin option on Deribit leading up to today's expiry has risen to 1.66. A ratio above one means significantly more put options than call options being traded. This indicates that more investors are betting on or hedging against a price decline rather than an increase. Deribit end-of-June options data shows 107,000 bitcoin options are expiring with a max pain point of $61,500 and a notional value of $6.6 billion. As of the time of writing, bitcoin is priced at $61,398, approaching the max-pain point ahead of today's expiry.
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⚡️ State Street and Galaxy Digital launch crypto ETFs aimed beyond Bitcoin
State Street Global Advisors, a subsidiary of the third-largest ETF issuer State Street, has joined the growing trend of traditional financial institutions exploring crypto ETFs. The firm has already filed an application with the US Securities and Exchange Commission (SEC) to register SSGA Active Trust, a crypto-focused fund. As of March this year, State Street Global Advisors managed assets exceeding $4.3 trillion, while Galaxy Digital oversees approximately $6.2 billion.
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🥇 Bitcoin Falls After U.S. Sends $240M Worth of Silk Road-Related BTC to Coinbase
Bitcoin (BTC) fell back towards $60,000 on Wednesday, after a wallet tagged to the U.S. Government moved about $240 million worth of seized BTC to a Coinbase Prime address, igniting concerns among traders that the digital assets will likely to be sold. Some 3,940 bitcoin originally seized from a Silk Road vendor was moved by the the wallet, according to an Arkham Intelligence social media post.
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🪙 VanEck’s zero fees are part of plan to become the ‘go-to provider for crypto ETFs’
VanEck recently disclosed it would waive fees for its spot Ethereum ETF, adopting a similar strategy to its Bitcoin counterpart launched earlier this year. Sigel added that VanEck is confident its approach will “resonate” with investors across the spectrum and help drive more interest in Ethereum and the role it can play in their portfolios. He added that the lack of fees is also expected to lower the barrier of entry for new investors.
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🇭🇰 Hong Kong parliament sets up crypto legislative subcommittee
Johnny Ng, a Hong Kong lawmaker, said his team is collecting policy feedback from the global Web3 industry following the establishment of a crypto subcommittee under the Legislative Council. Ng wrote in an X post on Saturday that the Hong Kong parliament has recently set up a subcommittee on Web3 and virtual asset development. “My office seeks to gather insights from the global Web3 industry, propose policy recommendations, and discuss the future direction of the industry in Hong Kong,” he said.
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🇺🇸 Blockchain advocacy group raises privacy concerns over IRS crypto tax form
The Chamber of Digital Commerce, a leading trade association in the blockchain industry, has submitted its feedback on the United States Internal Revenue Service’s (IRS) proposed Form 1099-DA, which is intended for reporting digital asset transactions. The chamber’s detailed response highlights the need to simplify the form, making it more straightforward for brokers dealing with digital assets such as cryptocurrencies to use.
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🟠 Nigerian government defends treatment of imprisoned Binance executive after visit from U.S. lawmakers
U.S. lawmakers in recent weeks have called attention to the Nigerian government's treatment of detained Binance executive Tigran Gambaryan, who's been held by the African country since February on charges of money laundering and tax evasion. The Nigerian government, through a statement posted to the X account of its Minister of Information and National Orientation, Mohammed Idris, has called the allegations of poor healthcare "false," asserting that Gambaryan "...has access to quality medical care whenever required" along with consular services from his home government of the United States.
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💰 3iq applies to launch Solana ETP in Canada
Investment firm 3iQ has applied to launch the first Solana exchange-traded product (ETP) in Canada. The proposed ETP, called Solana Fund, would offer Canadian investors exposure to SOL without requiring them to use hot wallets or other blockchain-related technology, 3iQ said Thursday in a statement. The fund, if approved, would launch on the Toronto Stock Exchange under the ticker QSOL.
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🪙 Bitwise Investments Updates Ethereum ETF Filing, Reveals $2.5M Seed Interest
Bitwise Investments, a prominent cryptocurrency asset management firm that offers diverse investment products and services focused on digital assets, has updated its ether-based exchange-traded fund (ETF) S-1 filing with the U.S. Securities and Exchange Commission (SEC), revealing $2.5 million in seed investment interest.
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💰 Telecom Giant and T-Mobile Parent Deutsche Telekom Plans to Mine Bitcoin
Bitcoin mining might soon gain a new player: telecommunication giant Deutsche Telekom, the parent company of one of the largest U.S. telcos, T-Mobile. "We will engage in digital monetary photosynthesis soon," Dirk Röder, Head of web3 infrastructure and solutions of T-Mobile's Telekom MMS, said during the BTC Prague conference last week. When asked by the conference host if T-Mobile is mining bitcoin, he answered, "We will."
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🥇 Bitcoin sees $621 million outflow as investors react to Fed’s cautious stance
CoinShares’ latest weekly report highlighted a notable shift in crypto investment products, with the sector experiencing its most significant outflows in three months. Last week, investors pulled $600 million from the market, with Bitcoin products bearing the brunt, facing $621 million in outflows. Meanwhile, short-Bitcoin products saw nearly $2 million in inflows, reflecting the bearish sentiment.
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🔵 Circle becomes first stablecoin issuer to secure regulatory approval under MiCA
Circle announced on July 1 that it has received an e-money license from France, positioning it as the first global stablecoin issuer to comply with the EU’s Markets in Crypto-Assets (MiCA) regulations. The license, issued by France’s financial regulator, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), allows Circle to issue its stablecoins USDC and Euro Coin (EURC) across the EU under the new regulatory framework, effective immediately.
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💰 Runes TXs on Bitcoin tank over 88% in June
Runes, a new token standard on the Bitcoin blockchain, has seen its daily average transaction count plummet over 88% from its highest point in June. According to Dune Analytics data from Crypto Koryo, the average daily Runes transactions from June 22–28 was 37,820, reflecting a nearly 90% drop from the 331,040 daily average recorded between June 9–15.
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💰 Central Bank of Bolivia Unbans Bitcoin From the Nation's Financial Ecosystem
The Central Bank of Bolivia has lifted a blanket ban on using bitcoin and other cryptocurrencies in the national financial system, opening the doors for integrating exchanges and other crypto service providers into its economy. The institution derogated a 2020 resolution prohibiting financial institutions from facilitating crypto-related payments.
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🏦 Coinbase partners with payments firm Stripe
The crypto exchange giant Coinbase and payment firm Stripe have penned a partnership. Stripe will incorporate Coinbase's Layer 2 network Base into its crypto payout products, and Coinbase will add Stripe as a way for its customers to buy crypto with credit cards or Apple Pay inside the Coinbase Wallet, according to a Coinbase release published Thursday.
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🪙 Tether USDT sees rapid $580 million growth on Telegram-linked TON blockchain
Tether’s USDT supply is growing at its fastest rate on the Telegram-linked The Open Network (TON) blockchain. According to Tether’s transparency page, the stablecoin issuer has issued $580 million worth of USDT tokens on the blockchain, and its net circulation sits at $519 million as of press time. This milestone comes less than two months after Tether issued its USDT stablecoin on the network.
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💰 Germany intensifies Bitcoin sell-off before 5% rebound in market rally
The German government is intensifying its divestment of Bitcoin seized from a movie piracy website, adding selling pressure to an already jittery market. According to Arkham Intelligence data, the government transferred 900 BTC, valued at over $54 million, in three transactions on June 25. Of these, 200 BTC were moved to the Coinbase exchange, another 200 BTC to the Kraken exchange, and the remaining amount to an unmarked wallet, “139Po.”
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💰 Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan
The bitcoin (BTC) mining sector is attracting a wave of investor interest following Core Scientific's (CORZ) deal with artificial intelligence (AI) company CoreWeave, JPMorgan (JPM) said in a research report on Monday. The bank notes that the total market cap of the 14 miners it tracks has grown by 22%, or $4 billion, since the announcement, versus a 7% drop for bitcoin and a 3% increase for the S&P 500 stock index.
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💡💡💡: 🥇 Mt Gox to start Bitcoin repayments - Bloomberg
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🚨 CoinStats suspends app after security breach compromises 1,590 wallets
CoinStats, the crypto portfolio app, has temporarily shut down its application to address a security incident. The company stated the breach was limited to 1,590 wallets or 1.3% of all CoinStats Wallets. The company reported that connected wallets and centralized exchanges (CEXes) were unaffected. CoinStats is also investigating a scam notification some iOS and Android users received.
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💰 Binance CEO welcomes Standard Chartered move to launch Bitcoin trading desk
Binance CEO Richard Teng has welcomed Standard Chartered into the crypto industry after reports revealed that the banking giant was preparing to launch a spot trading desk for Bitcoin and Ethereum. This move would make the bank one of the first major traditional financial institutions to offer direct trading services for the top digital assets and could provide competition for Binance’s dominance of the sector.
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💰 Bitcoin dominance surges past 50% again despite market volatility
Bitcoin’s market dominance, the market share of bitcoin’s market capitalization relative to the total market capitalization across crypto tokens, shot up to 52.92% over the weekend, climbing up from below 50% at the end of May. Bitcoin is the largest crypto asset by market cap, and its market dominance has not fluctuated much over the past year. It has stayed within the range of 44% and 53%, boosted since last summer as the excitement around spot ETF approvals lifted bitcoin relative to its peers.
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🇧🇷 Brazil’s tax department to begin collecting information from foreign crypto exchanges
Brazil’s Special Department of Federal Revenue will begin collecting information from foreign crypto exchanges to ensure their operations are in compliance with local regulations, Reuters reported on June 18. The tax department will ask foreign crypto exchanges how they interact with local service providers and ensure the companies provide details required by regulations introduced in 2019.
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🇺🇸 US SEC pushes back against Ripple's efforts to lower its fines saying the firm 'is agreeing to nothing'
The U.S. Securities and Exchange Commission rebutted Ripple's push for lower fines in its case against the regulator and said circumstances were different when it set penalties for Terraform last week. Ripple, which has been in a legal battle with the SEC since 2020, compared the regulator's proposed $2 billion fine for selling to institutional investors to fines against Terraform Labs in a "notice of supplemental authority" filed to a New York district court on June 13.
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💰 T-Mobile owner Deutsche Telekom will soon mine Bitcoin in addition to running nodes
Deutsche Telekom, the German-based telecommunication provider that ranks as the largest in Europe, will soon mine Bitcoin, according to remarks made by the head of Web3 infrastructure and solutions at Deutsche Telekom-owned subsidiary T-Systems MMS at the BTC Prague conference on Friday. After Bitcoin influencer Joe Nakamoto pressed Röder for clarification, asking "So is T-Mobile mining Bitcoin?", Röder clarified, "We will."
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