Crypto Industry News & Market Trends

Bitcoin price returns to $60K as US dollar strength rejects weekly high

Bitcoin (BTC) rallied to $60,000 at Wednesdays Wall Street open as stocks moved higher and US dollar strength fell.　　Key points:Bitcoin catches an early tailwind at the start of Julys first US trading session, rising with stocks.US dollar strength cools as analysis sees an increasingly “crowded” USD long trade.Bitcoin traders maintain faith that July will form a relief-bounce monthly candle.　　BTC price eyes 3%+ daily gains　　Data from TradingView showed BTC/USD spiking to $60,475 on Bitstamp, taking daily gains to nearly 3%.BTC/USD one-hour chart. Source: Cointelegraph/TradingView　　The new monthly candle had started with a bump and a trip to new multiyear lows for the pair, and 24-hour crypto long liquidations totaled more than $200 million at the time of writing, per data from CoinGlass.BTC/USD vs. cryptocurrency liquidations (screenshot). Source: CoinGlass　　“$BTC showing a lovely pump this NY session,” trader Lennaert Snyder wrote in a response on X.　　Snyder expected a low-time frame reversal to kick in, with an accompanying chart showing “exhaustion” to hit before price reached $60,700.BTC/USDT one-hour chart. Source: Lennaert Snyder/X　　Fellow trader Daan Crypto Trades saw a potential breakout on the cards should price attack either end of its low-time-frame range.　　“Lets see if this turns this $58K-$61K area into a range for the time

07-02Industry

France to strengthen response as crypto wrench attacks hit 77

French Interior Minister Laurent Nuñez has promised a “more ambitious” approach to tackling crypto ransom attacks after confirming there were 77 kidnapping, extortion or attempted extortion incidents linked to crypto in the first half of 2026.　　Nuñez said Tuesday that the 77 incidents recorded so far this year are up sharply from the 45 recorded in all of 2025, according to local outlet BFM Business.　　“These are serious matters, and your concern is legitimate,” he told the Association for the Development of Digital Assets (ADAN) as he promised more government support.　　France has become one of the biggest hot spots for crypto wrench attacks, where criminals use physical violence to coerce victims into handing over crypto. Approximately 11% of French people own cryptocurrencies, according to ADAN, which equates to about 7.3 million people.　　Frances rapid alert and protection system　　Earlier this year, French authorities launched a dedicated prevention platform and a rapid-alert and protection system for crypto holders and professionals, which has attracted 724 sign-ups so far, Nuñez said.　　Nuñez said that emergency measures have resulted in 200 arrests, with one recent attacker being arrested within eight hours on Friday, thanks in part to the victim using an emergency identification hotline.　　Related: StarkWare introduces Private KYC to

07-02Industry

Robinhood links with dYdX Labs to launch new DEX Arcus

The company behind the dYdX decentralized exchange (DEX) has partnered with Robinhood to rebrand and launch the protocol as Arcus on the Robinhood Chain.　　An X account for Arcus posted on Wednesday that “dYdX is now Arcus” and would launch on the Robinhood Chain, Robinhoods Arbitrum-based layer 2 blockchain that went live the same day.　　The dYdX Foundation said that dYdX Labs created Arcus “in partnership with Robinhood” and that the dYdX blockchain “is not affected by it in any way.” The platform is set to be blockchains “leading DEX” and will give users access to perpetual products and fee-free trading of 95 tokenized stocks.Source: Charles d’Haussy　　The DEX is part of Robinhoods expanded push into tokenized assets and perpetual trading, two areas of crypto that have recently exploded in popularity as US regulators have shown interest in allowing the products to more easily come to market.　　Robinhoods embrace of perpetual trading comes as it looks to entice traders who have flocked to the crypto perpetual futures platform Hyperliquid, whose token has climbed nearly 150% so far this year as it has captured market share.　　Arcus to offer tokenized stock, perps trading　　“Until now, traders have been shut out of the most valuable markets on earth

07-02Industry

Crypto ATM bans, restrictions now in effect in Tennessee and Georgia

Cryptocurrency ATMs are fast disappearing from the American landscape as kiosk operators in two US states face bans and restrictions as new laws go into effect.　　Crypto ATM laws passed by Tennessee and Georgia went into effect on Wednesday, imposing a complete ban in the former and requiring transaction limits and reporting in the latter. The measures by the two states followed bans in Indiana, which went into effect in March, and Minnesota, set to enforce an ATM ban on Aug. 1.　　The Tennessee law, signed by Governor Bill Lee in April, bans the use and installation of cryptocurrency ATMs and kiosks, while the Georgia law requires that ATM operators cap money sent for new and existing users, issue warnings to customers and in some cases refund those who may have been the victims of fraud.　　There were 185 crypto ATMs and kiosks operating in Tennessee before the statewide ban took effect on July 1. Source: CoinATMRadar　　Many US state governments and municipalities have individually begun cracking down on crypto ATM operators in response to incidents of residents, particularly senior citizens, being conned into sending funds to scammers. Delaware and New Jersey lawmakers have proposed similar measures completely banning the machines.　　Related: Massachusetts city to

07-02Industry

Avalanche Treasury stock plunges 73% since debut as company's AVAX holdings lose value

Avalanche Treasury Co. has seen its stock fall 73% since it debuted on the Nasdaq on June 11.At the end of the first quarter, the companys management raised “substantial doubt” about its ability to continue operations.The company said the concerns have since been alleviated with the completion of the SPAC merger that led to the Nasdaq listing.　　Avalanche Treasury Co. (AVAT), an AVAX-focused digital asset treasury firm, plunged 73% on the Nasdaq since its June 11 debut, following disclosure of operational struggles in its first-quarter results.　　AVAT went public last month after completing a $675 million merger with Mountain Lake Acquisition Corp., a crypto-aligned special purpose acquisition company. Its stock fell to $0.50 Wednesday from $1.85 on June 11.　　According to a Monday filing with the Securities and Exchange Commission, the operating entity posted a net loss of $26.78 million in the first quarter. It reported a net working capital deficit of $9.06 million at the end of March.　　The losses were mainly driven by unrealized losses tied to its crypto holdings, the company said. It held 13.39 million AVAX tokens at the end of March, acquired at a cost basis of $265.3 million. The fair value of AVAX holdings had fallen to just

07-02Industry

FBI-directeur Kash Patel betrapt op nalatigheid bij verplichte bekendmaking van zes-cijferige MSTR-investering: Bericht

SummaryFBI-directeur Kash Patel heeft meer dan zes maanden nagelaten om een aankoop van tussen $100.001 en $250.000 in aandelen van BTC-bezitter Strategy (MSTR) te melden,Patel schreef de late indiening toe aan een ongedefinieerde “miscommunicatie,” maar toezichthouders van de overheid stellen dat de vertraging in strijd is met de STOCK-wet en hebben hun oproepen hernieuwd om federale functionarissen te verbieden individuele aandelen te verhandelen　　FBI-directeur Kash Patel heeft niet tijdig een aankoop van aandelen ter waarde van zes cijfers in Strategy (MSTR), s werelds grootste openbaar genoteerde bitcoinhouder, bekendgemaakt, aldus een rapport van onafhankelijke nieuwsbron NOTUS.　　Patel zou tussen $100.001 en $250.000 aan MSTR hebben gekocht op 21 november, maar meldde de transactie pas op 26 mei aan de toezichthouders.　　De reden voor de vertraging？ miscommunicatie. Patel informeerde het Bureau voor Overheidsethiek dat hij de transactie “onbedoeld had weggelaten” vanwege een niet-gespecificeerde “miscommunicatie.”　　Volgens de Stop Trading on Congressional Knowledge (STOCK) Act zijn hoge functionarissen van de uitvoerende macht verplicht om individuele aandelenhandelstransacties van meer dan $1.000 binnen 45 dagen na de transactie openbaar te maken.　　De transactie heeft intense aandacht getrokken van toezichthouders vanwege de BTC-accumulatieactiviteiten van Strategy en de eerdere samenwerking van het bedrijf met federale instanties.　　Het bedrijf, dat volgens NOTUS in de loop

07-02Industry

Ether, Solana, Dogecoin in het groen na Warsh-uitlatingen die Bitcoin boven $60.000 stuwen

De grotere beweging vond plaats in de aandelenmarkt. Een verkoopgolf in halfgeleideraandelen verspreidde zich donderdag naar Zuid-Korea, waar de Kospi-index bijna 7% daalde voordat de verliezen werden beperkt. Samsung Electronics en SK Hynix daalden elk met meer dan 6%, en Kioxia daalden met 13% in Japan na een rally die de aandelen dit jaar met meer dan 650% had doen stijgen.　　De dalingen deden de zorgen herleven dat de explosieve stijging van aandelen in kunstmatige intelligentie dit jaar de realiteit heeft ingehaald.　　Twee rapporten voedden de onrust. Meta bouwt een cloudbedrijf op om toegang tot overtollige AI-rekenkracht te verkopen, meldde Bloomberg, wat de bezorgdheid deed rijzen dat het bedrijf te veel had uitgebreid. Apple is in gesprek om chips te kopen van twee Chinese halfgeleiderfabrikanten, een zet die de Koreaanse leveranciers zou schaden.　　De AI-handel is waar het hele kwartaal geld naartoe is gevloeid terwijl bitcoin daalde, wat het activum een zeldzame opeenvolgende kwartaalverliezen voor slechts de derde keer in de geschiedenis. Kapitaal verschoof gestaag naar chipfabrikanten en AI-infrastructuur nu crypto een verlieslatende eerste helft afsluit, dus scheuren daar zouden de druk die op de markt heeft gewogen kunnen verlichten.　　Elders daalde Brent-olie tot ongeveer $70,60 per vat, het laagste niveau sinds eind februari,

07-02Industry

Ether, solana, dogecoin in the green after Warsh comments push bitcoin above $60,000

The bigger move was in stocks. A selloff in semiconductor shares spread to South Korea on Thursday, where the Kospi index fell almost 7% before paring losses. Samsung Electronics and SK Hynix each dropped more than 6%, and Kioxia fell 13% in Japan after a rally that had lifted the stock more than 650% this year.　　The declines revived worries that this years blistering run in artificial-intelligence stocks has outpaced reality.　　Two reports fed the unease. Meta is building a cloud business to sell access to spare AI computing power, Bloomberg reported, which raised concern the company had overbuilt. Apple is in talks to buy chips from two Chinese semiconductor makers, a move that would hurt Korean suppliers.　　The AI trade is where money has flowed all quarter while bitcoin fell, giving the asset a rare back-to-back quarterly loss for only the third time in history. Capital rotated steadily into chipmakers and AI infrastructure as crypto closed a losing first half, so cracks there could ease the pull that has weighed on the market.　　Elsewhere, Brent crude fell to about $70.60 a barrel, its lowest since late February, before the Middle East war began, as traffic through the Strait of Hormuz recovered.

07-02Industry

Kalshi and Polymarket's combined volume surges 75% to $45 billion in June amid World Cup fever

Quick TakeKalshi, Polymarket, and Polymarket US have reported $44.8 billion in combined monthly volume in June, a 75% growth from Mays $25.66 billion.The notable surge in volume can be attributed to the ongoing World Cup, which has attracted millions of dollars in bets on prediction markets.Among the three, Kalshi saw the largest month-over-month increase in volume, growing 87.4% to $31.5 billion from $16.81 billion.　　Kalshi and Polymarket saw their combined trading volume soar last month as the FIFA World Cup 2026 continues to drive bettors into prediction markets.　　According to The Blocks data dashboard, Kalshi, Polymarket, and Polymarket US recorded $44.8 billion in combined monthly trading volume in June, marking a 75% surge from Mays $25.66 billion monthly volume.　　Among the three, Kalshi saw the largest month-over-month increase in volume, growing 87.4% to $31.5 billion from $16.81 billion.　　Polymarkets main, non-U.S. platform attracted $10.26 billion worth of volume last month, up 45% from the previous months $7.08 billion.　　Polymarket had seen a steady decline in monthly volume from March through May, while its U.S.-regulated platform sustained an upward trend. Polymarket US reported $3.04 billion in monthly volume last month, up from $1.77 billion in May.　　World Cup fever　　The sharp volume increase can be attributed to the

07-02Industry

Ark Invest scoops up $18 million in Circle shares as stock dips 41% over past month

Quick TakeCathie Wood-led Ark Invest bought $17.8 million worth of Circle shares on Wednesday.Circle closed down 1% today after falling nearly 18% on Tuesday following the launch of the rival stablecoin project OUSD.　　Cathie Woods investment firm Ark Invest snapped up more shares of Circle Internet Group on Wednesday as the USDC stablecoin issuers stock slipped further.　　The firms latest trading disclosure shows that Ark bought a total of 287,609 shares of Circle across three of its exchange-traded funds — ARKK, ARKW, and ARKF. At todays closing price of $61.95, Ark Invest added roughly $17.8 million worth of the stock.　　Circle (CRCL) closed down 1.1% today after it plunged by nearly 18% during Tuesdays trading session, which marked its worst single-day decline in recent months. It is down 41% over the past month.　　The sharp fall was widely attributed to Open Standard announcing Open USD (OUSD), a new stablecoin backed by more than 140 companies including Visa, Stripe, Mastercard, BlackRock and Coinbase.　　Investors assessed potential competitive threats to Circles USDC, and Coinbases involvement in the new stablecoin project, as the exchange earns roughly 50% of USDCs reserve income under its distribution agreement with Circle.　　No immediate threat　　While CRCL took a heavy hit and extended its decline

07-02Industry

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