Author: John Smith

Bitcoin price has fallen to a make-or-break support zone near $59,000 after losing a key Fibonacci level that traders viewed as the last major defense before a deeper selloff. Summary Bitcoin price has fallen back to the June low near $59,000 after losing the critical 78.6% Fibonacci retracement level. Technical indicators remain bearish, with BTC trading below key moving averages and sellers dominating momentum. Analysts view the $59,000-$60,000 zone as the final major support area before the risk of a deeper correction increases. According to data from crypto.news, Bitcoin (BTC) price dropped to around $59,175 on June 24, extending a…

Months of negotiations have brought the CLARITY Act to its final review stage, with Senator Cynthia Lummis confirming a July 4 release of the updated text ahead of a Senate push later in July. Summary Senator Cynthia Lummis said the final CLARITY Act text will be released around July 4 for public review. Senate leaders are working to schedule floor consideration of the crypto market structure bill in July. Law enforcement groups and anti-trafficking advocates continue to oppose Section 604 over AML and oversight concerns. According to Lummis, who spoke with Fox Business host Maria Bartiromo, Senate negotiators are preparing…

Strategy’s common stock has fallen below $100, prompting renewed criticism from Bitcoin skeptic Peter Schiff, who argues that further declines could leave the company facing difficult decisions over its Bitcoin treasury strategy. Summary Peter Schiff warned that a deeper MSTR stock decline could eventually force Strategy to sell Bitcoin. Strategy raised $335.5 million through stock sales, allocating $35 million to buy 520 BTC. CryptoQuant urged Strategy to pause Bitcoin purchases and rebuild cash reserves as dividend obligations rise. According to comments posted by Schiff on X, sustained pressure from short sellers could push Strategy into a situation where repurchasing its…

Binance has said it will pursue authorization in another European Union jurisdiction if its licensing application in Greece does not advance before the bloc’s MiCA compliance deadline. Summary Binance said it will seek authorization in another EU country if its Greek MiCA application fails to secure approval before the July 1 deadline. EU regulators have reportedly raised concerns about Binance’s compliance history, corporate structure, and executive oversight as the exchange searches for a licensing pathway. ESMA said crypto firms without MiCA authorization must begin winding down EU operations immediately after the transition period ends. Reuters reported that Gillian Lynch, Binance’s…

Tokenomics is the study of how a crypto token’s supply, distribution, and incentives are designed, and it is the single most useful lens for telling a serious project from a trap. Once you can read a token’s supply schedule and unlock calendar, a lot of crypto stops being mysterious. Summary Tokenomics determines how a crypto token’s supply, distribution, utility, and release schedule are structured, making it a key factor in assessing long term risk and value. Large gaps between circulating supply and fully diluted valuation can signal significant future dilution as locked tokens enter the market through vesting and unlock…

One company now holds close to 5% of all the ether that exists, and most of it is staked and off the market. The bull case is a supply squeeze. The bear case is a single buyer propping up a price it is already underwater on. Both can be true at the same time. Summary BitMine now holds roughly 4.7% of Ethereum’s total supply. Most of its ETH is staked, shrinking the liquid float. The bull case is a treasury-driven supply squeeze. The bear case is that one buyer has become the market’s support. On June 22, 2026, BitMine Immersion…

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…