Author: John Smith

Bitwise CIO Matt Hougan has said Bitcoin may be moving closer to a market bottom as Strategy’s STRC stress drains excess leverage from the market. Summary Bitwise CIO Matt Hougan says the STRC unwind could signal Bitcoin is nearing a market bottom. Hougan expects institutional investors to replace Strategy as the primary driver of Bitcoin demand. He believes the current deleveraging phase could pave the way for a new Bitcoin bull market this fall. Bitwise Chief Investment Officer Matt Hougan wrote in his latest weekly memo that the recent volatility in Strategy’s STRC preferred stock looks like a late-cycle unwind…

Robinhood shares have climbed more than 6% after multiple Wall Street firms reaffirmed bullish ratings and projected further upside as the brokerage expands its global business and AI offerings. Summary Robinhood shares rose over 6% as Wall Street firms reiterated Buy ratings and projected upside to $135. Analysts cited global expansion, AI-powered products, and crypto initiatives as key drivers of future growth. Robinhood expanded into Canada, the UK, and Singapore while launching its blockchain and AI trading features. According to recent research notes from Piper Sandler, BTIG, and Mizuho, confidence in Robinhood’s long-term growth story has strengthened even after the…

Bitcoin was sold as digital gold, an uncorrelated hedge that would hold up when markets broke. In 2026 it fell roughly 50% alongside the Nasdaq while gold hit record highs. So what is Bitcoin now, and did the hedge thesis ever survive contact with Wall Street? Summary Bitcoin has spent 2026 moving with the Nasdaq rather than against it, with rolling correlations to U.S. tech indices reaching as high as 0.80 early in the year while its link to gold fell toward zero. The change traces to the spot ETF era: once institutions could hold Bitcoin inside the same portfolios…

Public miners have dumped Bitcoin at a record pace, hashprice has collapsed to post-halving lows, and older machines are switching off. That is the textbook definition of capitulation. The harder question is whether it marks a bottom or the start of a deeper shakeout. Summary Publicly traded Bitcoin miners sold more than 32,000 BTC in the first quarter of 2026, a single-quarter record that exceeded their combined sales for all of 2025 and topped the roughly 20,000 BTC sold during the Terra-Luna collapse in 2022. The pressure is economic: hashprice, the revenue a miner earns per unit of computing power,…

Bitcoin price has rebounded above $60,000 after easing oil prices and softer U.S. macro expectations lifted risk appetite, though persistent ETF outflows continue to threaten the recovery. Summary Bitcoin price has reclaimed $60,000 as easing oil prices and improving macro sentiment triggered a relief rally. Persistent U.S. spot Bitcoin ETF outflows continue to weigh on institutional demand despite the rebound. Technical charts show room for further gains above $61,000, but failure to hold $60,000 could revive selling pressure. According to data from crypto.news, Bitcoin (BTC) price climbed from a low near $58,300 to around $60,600 over the past 24 hours…

Several US states have tightened cryptocurrency ATM rules, with Tennessee and Georgia having brought new restrictions into force as bans and compliance measures continue to expand across the country. Summary Tennessee has banned crypto ATMs while Georgia has introduced new operating limits and consumer protection rules. Indiana has already enforced a ban, Minnesota is set to follow in August, and similar proposals are advancing in Delaware and New Jersey. Growing state restrictions have added pressure on crypto ATM operators with some shutting down their business.  According to state laws that took effect on July 1, Tennessee has prohibited the installation…

Binance said its Direct Stocks product crossed $1 billion in U.S. equities acquired within 30 days of launch.  Summary Binance’s Direct Stocks crossed $1B in user-held U.S. equities within 30 days of launch globally. Emerging markets made up 73% of users, showing demand for app-based access to U.S. stocks. Stablecoins helped users buy fractional equities beside crypto without traditional brokerage and bank transfer barriers. The product went live on June 1 and gives eligible users access to more than 7,000 U.S. stocks and ETFs in the same app they use for crypto. The exchange said the product also processed close…

The Winklevoss twins have transferred about $67 million worth of Bitcoin and Ethereum to Gemini wallets, with Arkham Intelligence identifying the transactions as matching their usual selling pattern. Summary Arkham Intelligence flagged the Winklevoss twins’ $67 million Bitcoin and Ethereum transfers to Gemini as matching previous selloff patterns. Bitcoin remains under pressure as Citigroup cuts its price target and ETF outflows continue weighing on market sentiment. Ethereum holds near key support despite continued treasury purchases from SharpLink and Bitmine failing to offset whale selling. According to blockchain analytics firm Arkham Intelligence, Cameron and Tyler Winklevoss moved roughly $60 million in…

Bitcoin has climbed back above $60,000 after Federal Reserve Chair Kevin Warsh declined to signal the direction of future interest rate decisions during an ECB policy discussion. Summary Bitcoin rebounded above $60,000 after Fed Chair Kevin Warsh declined to signal the future path of interest rates. CME FedWatch shows markets still expect rates to remain unchanged in July despite lingering inflation concerns. Polymarket continues to price in a chance of a 2026 rate hike, while Morgan Stanley expects rates to stay on hold this year. According to data from crypto.news, Bitcoin (BTC) traded around $60,175 at the time of writing…

The European Union has completed its MiCA transition, leaving Tether’s $186 billion USDT without a compliant route onto regulated crypto exchanges across the bloc from July 1, 2026. Summary EU MiCA rules have removed USDT from regulated exchanges after Tether chose not to seek authorization. Circle’s USDC and EURC are now the leading MiCA-compliant stablecoins across licensed EU platforms. Tether remains active through Hadron-powered partners as global USDT markets adjust to regional regulations. According to the European Union’s Markets in Crypto-Assets (MiCA) framework, the transition period has now ended, requiring regulated crypto platforms to support only compliant stablecoins. As a…