Author: John Smith
Ethereum traded near $1,672, according to crypto.news market data. Summary Ethereum price trades below its 200-hour SMA, keeping traders focused on the $1,580 downside target. Spot Ethereum ETFs saw another outflow day, extending pressure on institutional demand for ETH exposure. Binance open interest fell to three-month lows, showing weaker futures activity and reduced risk appetite. The token was down 1.16% over 24 hours and 6.48% over seven days, while daily trading volume stood near $9.23 billion. ETH moved between $1,642 and $1,692 during the same period. The latest move kept ETH below the $1,750 area, which traders have watched since…
BlackRock has renewed its view that Bitcoin can sit inside some investment portfolios as a small complementary diversifier. Summary BlackRock says Bitcoin may diversify portfolios when exposure stays near 1% to 2% overall levels. The firm warns larger allocations may raise portfolio risk because Bitcoin remains highly volatile. Related ETF coverage shows BlackRock keeps building products around Bitcoin exposure and income strategies. The firm said Bitcoin’s role is changing as more investors study its supply, demand, adoption path and place beside traditional assets. “Bitcoin’s role in portfolios is evolving, and it could be considered a complementary diversifier,” said BlackRock. The…
Zcash miner Fortitude Mining Holdings has secured a path to the public markets through an all-stock merger with HeartSciences, a transaction that will place the crypto mining company on the Nasdaq without a traditional IPO. Summary Fortitude will go public through an all-stock merger with Nasdaq-listed HeartSciences. HeartSciences shares surged as much as 91% after the transaction was announced. The deal comes as renewed attention on Zcash boosts interest in privacy-focused crypto firms. According to a joint announcement released Tuesday, Fortitude and HeartSciences have agreed to combine in a deal that will leave Fortitude’s management team in control of the…
CBOE has begun evaluating a conversion of its Bitcoin and Ether futures into perpetual contracts after crypto perpetuals generated more than $8.5 billion in trading volume on Kalshi within weeks of launch. Summary CBOE is considering converting its Bitcoin and Ether futures into perpetual contracts after recent CFTC approvals. Kalshi’s crypto perpetual futures have generated more than $8.5 billion in trading volume within weeks of launch. CME has challenged the CFTC in court as perpetual futures trading expands across regulated and decentralized markets. According to a June 23 report from The Wall Street Journal, CBOE Global Markets is considering turning…
CFTC Chair Michael Selig has defended crypto perpetual futures while stressing they are not suitable for agricultural markets, as regulated crypto perps continue expanding across U.S. venues. Summary Michael Selig said crypto perpetual futures are not a natural fit for agricultural markets that rely on physical delivery. The CFTC and SEC have launched a joint review of swap definitions that could affect how crypto perpetuals are regulated. CBOE is evaluating crypto perpetual futures after Kalshi’s products generated more than $8.5 billion in trading volume. According to remarks delivered by Selig at the American Cotton Shippers Association Annual Convention on Tuesday,…
SOIL has positioned itself to become the first application to use XRP Ledger’s proposed native lending infrastructure as the network considers activating the XLS-65 and XLS-66 amendments. Summary SOIL is preparing to become the first application to use XRP Ledger’s proposed native lending infrastructure. The XLS-65 and XLS-66 amendments would introduce on-chain lending, liquidity pools, and yield products to XRPL. XRP Ledger recently launched version 3.2.0, while XRP price remains near a projected $1 support retest. According to a recent update shared by SOIL on X, the regulated yield protocol is preparing to operate on the XRP Ledger Lending Protocol…
Bitcoin price has confirmed a bearish head-and-shoulders breakdown, putting the $60,000 support zone under pressure as traders react to easing Middle East tensions and persistent institutional selling. Summary Bitcoin price has confirmed a bearish head-and-shoulders breakdown, exposing a potential decline toward the $57,500 support zone. More than $600 million in crypto liquidations, persistent ETF outflows, and weak Coinbase premium data have added to selling pressure. Traders are closely watching the $60,000-$60,600 support area, with a break below it risking a deeper correction. According to data from crypto.news, Bitcoin (BTC) price dropped from an intraday high near $64,500 to a low…
Ethereum Foundation has cut roughly 20% of its workforce, eliminating 54 positions as part of a sweeping organizational overhaul tied to its long-term development strategy. Summary Ethereum Foundation has cut 54 jobs, reducing its workforce by roughly 20% as part of a major restructuring. The organization has reorganized into five divisions while Ethereum developers continue work on the Glamsterdam upgrade and other protocol improvements. Affected employees will receive severance, transition support, and grants as the foundation shifts resources toward long-term priorities. According to the Ethereum Foundation, the workforce reduction concludes a months-long restructuring process carried out under the organization’s Mandate…
SpaceX stock has remained under pressure after Susquehanna initiated coverage with a $170 price target while warning that the company’s valuation depends on aggressive growth assumptions. Summary Susquehanna initiated SpaceX coverage with a neutral rating and a $170 price target. The brokerage warned that the stock’s valuation relies on aggressive revenue and EBITDA growth forecasts. Peter Schiff flagged a potential surge in share supply, while ARK Invest continued buying the recent dip. According to a research note from Susquehanna, the brokerage assigned SpaceX a neutral rating and set a $170 target for the stock as shares continue trading below their…
The European Parliament’s Economic and Monetary Affairs Committee has approved its position on the digital euro package, advancing legislative work on a proposed central bank digital currency that the European Central Bank wants ready for potential issuance by 2029. Summary European lawmakers approved the latest digital euro proposal, bringing the ECB backed CBDC a step closer to a potential 2029 launch. The draft includes offline payments, privacy protections based on zero knowledge proofs, and limits on how much digital euro individuals can hold. The vote comes as European officials push ahead with digital euro plans while private sector initiatives such…