Bitcoin holds $61K after US jobs data report, AI sector weakness: Did BTC bottom?

Key takeaways:Soft US jobs market data triggered a rotation of capital from overheated AI stocks into Bitcoin and gold.Bitcoin onchain indicators hint at seller exhaustion while the decline in oil prices opens room for monetary expansion.  Bitcoin reclaimed the $61,000 mark following a disappointing US job market report. Traders grew less certain of a near-term interest rate hike from the US Federal Reserve (Fed) given the worsening labor data. The tech-heavy Nasdaq index sold off, fueling hopes of a capital rotation favoring Bitcoin.  Nasdaq 100 Index futures (blue) vs. Bitcoin/USD (orange). Source: TradingView  The Nasdaq 100 Index erased gains from the three prior days, while Bitcoin distanced itself from Wednesdays $57,750 low. US non-farm payrolls increased by only 57,000 in June, missing the 113,000 expected, according to Yahoo Finance. The US Labor Department also revised data for April and May downward by 74,000 jobs.  Gold prices reacted positively on Thursday, hinting at potential bullish momentum for scarce assets. The weak economic data prompted investors to cut odds of Federal Reserve interest rate hikes by September to 54% from 64% the prior day, according to the CME FedWatch Tool. Meanwhile, crude WTI oil prices stabilized below $70, opening the door for possible economic stimulus measures  Gold/USD

07-03Industry

Is Bitcoin heading for $65K? Sharplink buys $16M ETH: Market Moves

Bitcoin rises amid Fed inflation talks: Bull trap or $65K next?  Bitcoin (BTC) reacted positively to US Federal Reserve Chair Kevin Warshs remarks on stubborn inflation. Despite the gains on Wednesday, traders fear that incentives for fixed-income investments and strong earnings momentum in tech stocks will continue to pressure non-yield-bearing assets like cryptocurrencies.  Michael van de Poppe(Michael van de Poppe)  The US five-year Treasury yield jumped to 4.22%, meaning traders demanded higher returns to hold government bonds. Even as inflation eventually eases and WTI crude oil prices fell to a 4-month low, investors anticipate monetary expansion.  Regardless of how the Fed manages interest rates and its balance sheet, the US Treasury dictates debt issuance trends.  Bitcoin bounces off 21-month low, but leverage data signals caution: Was $57K the bottom?  Bitcoin (BTC) is trading at around $61,490 at the time of publication after falling to a 21-month low of $57,737 earlier on Wednesday.  Ether (ETH) and Solana (SOL) also gained, up 3% and 4.85%, respectively.  The bounce took place amid deep investor caution, with sentiment trackers gauging the balance of fear and greed in crypto markets currently reading around 11 out of 100, which is in “Extreme Fear” territory. Despite the rebound from the yearly low, Bitcoin remains down

07-03Industry

FBI director discloses Strategy holdings months after deadline: Report

Kash Patel, director of the Federal Bureau of Investigation (FBI) , reportedly omitted reporting exposure to Bitcoin treasury company Strategy, in violation of federal law.  According to a Wednesday report from the nonpartisan nonprofit news agency NOTUS, Patel “inadvertently omitted” a Strategy (MSTR) investment worth as much as $250,000. The purchase, which Patel conducted on Nov. 21, 2025, wasnt included in his December 2025 financial disclosures, as required for a government official under the Stop Trading on Congressional Knowledge (STOCK) Act.Source: NOTUS  Patel filed an amended report on May 26, indicating that the Strategy holdings were “inadvertently omitted” and “no current conflict exists” with the investment. Under the STOCK Act, some government officials and lawmakers must disclose financial transactions exceeding $1,000 no later than 45 days after executing the trade. Strategy, formerly known as MicroStrategy, is a registered US government contractor, raising concerns about conflicts of interest with Patels investments.  Although signed into law in 2012, the STOCK Act has come under fire from many in Congress who claim that lawmakers and White House officials who violate it do not face severe penalties. First-time violators are only subject to a $200 fine under the law, with additional penalties falling short of the hundreds

07-03Industry

Russia on track for digital ruble rollout on Sept. 1: Central bank governor

Russias central bank governor, Elvira Nabiullina, confirmed that the country was prepared to roll out its central bank digital currency (CBDC) in two months, following the timeline it laid out last year.  According to a Thursday report from Russian state media outlet RIA Novosti, Nabiullina said that “everyone is ready” for a Sept. 1 digital ruble launch. The CBDC will launch as a complement to Russias fiat currency, the ruble, and will initially be accepted by financial and credit institutions.  “We want the digital ruble to be in demand by people and businesses, to be convenient, and, of course, were constantly discussing [...] what functionality to develop,” said Nabiullina in a translated statement.  Pile of 5000 ruble banknotes next to a keyboard on a white surface, viewed from above. Source: Polina Tankilevitch, Pexels  The launch of a digital ruble, whose development began in 2021, has already been targeted by preemptive sanctions from European Union authorities, which announced restrictions on the CBDC in April. The European Council said that the sanctions package was in response to Russias “war of aggression against Ukraine,” which it started in February 2022.  According to the Bank of Russias first deputy governor, Vladimir Chistyukhin, the law allowing the digital ruble will

07-03Industry

IMF says tokenization could transform settlement and financial stability

The International Monetary Fund (IMF) says tokenization could fundamentally reshape how financial markets operate, marking one of the strongest acknowledgments yet from a global policymaker that blockchain-based infrastructure is moving into the financial mainstream.  In a blog published Thursday, Tobias Adrian, the IMF‘s financial counselor and director of its Monetary and Capital Markets Department, said tokenization is more than a niche crypto innovation. By bringing assets, settlement and recordkeeping onto a shared ledger, tokenization could compress today’s multi-day settlement process into near-instant transactions.  Adrian also warned that tokenization shifts risks away from traditional financial intermediaries and toward the underlying infrastructure, including smart contracts, distributed ledgers and service providers. Without common standards and coordinated regulation, tokenized financial markets could become fragmented across incompatible platforms, creating new sources of systemic risk.Source: IMF  The report comes as financial institutions accelerate efforts to integrate tokenization into traditional markets. The Clearing House, whose owners include JPMorgan Chase, Bank of America, and Barclays, reportedly plans to launch a tokenized deposit network in early 2027 to keep deposits within the regulated banking system while enabling faster, programmable payments.  The IMF‘s assessment aligns with recent research from PwC, which found that tokenization could address longstanding inefficiencies in traditional finance, including payment settlement

07-03Industry

Securitize becomes first to debut shares on NYSE and onchain, but it won't be the last

Quick TakeSecuritize today became the first firm to debut its stock simultaneously on the New York Stock Exchange and onchain.President Brett Redfearn said the firm is in discussions to tokenize other IPOs within the next year.  Leading tokenization firm Securitize (SECZ) began trading on the New York Stock Exchange on Thursday following a business combination with Cantor Equity Partners II late Wednesday.  After opening at $12.45, SECZ hit a midday high of $13.70, about a 10% jump, and closed the day at $12.30.  Securitize also launched tokenized versions of full SECZ shares on Solana and Avalanche, enabling broader global access to the stock and 24/7 trading, among other potential use cases.  This means that even though traditional U.S. stock markets will be closed Friday in observance of Independence Day, SECZ will continue to trade.  “Were gonna eat our own dog food,” Securitize President Brett Redfearn told The Block, discussing plans to bring stocks onchain.  While some firms have issued versions of their stock onchain, Securitize is the first to do so at debut. However, Redfearn believes this wont be true for long.  Redfearn, who served as director of the Securities and Exchange Commissions trading and markets division, said Securitize has been having numerous conversations with “capital markets

07-03Industry

eToro leads $12.5 million round in onchain perps exchange Extended

Quick TakeThe investment is tied to a partnership between Extended and Zengo, the self-custody wallet eToro acquired earlier this year.Jump Crypto also participated in the round.  Trading platform eToro said Thursday it led a $12.5 million strategic round in Extended, an onchain exchange for perpetual futures.  Etoro said the investment is tied to a partnership with Zengo, the self-custody wallet eToro acquired earlier this year. At the time of the acquisition, Bloomberg reported Zengo was valued at around $70 million.  “The partnership will focus on expanding access to global financial markets through next-generation on-chain infrastructure,” eToro said in a post on X. “Together, we will explore opportunities to bridge traditional financial assets and decentralized trading environments.”  Jump Crypto also participated in the round, according to Thursdays post.  Extended, founded by former Revolut employees, opened trading in late 2024, according to a statement at the time. The platform is built on StarkWares onchain scaling engine, StarkEx.  Zengo, which was founded in 2018, built its wallet around multi-party computation cryptography, removing the need for seed phrases while offering token swaps, staking, and access to decentralized applications. Etoro has been integrating the non-custodial wallets technology into its brokerage platform, broadening its digital asset stack and connecting it with onchain

07-03Industry

CFTC‘s Selig says Illinois lawmakers ’decided they know better on crypto tax

Quick TakeCFTC Chair Michael Selig said Illinois lawmakers “slammed the brakes on technological progress” when they voted to enact a tax last month that puts into place a 0.2% tax on crypto transactions.The tax is scheduled to take effect in January 2027.  The Commodity Futures Trading Commission Chair Michael Selig sharply criticized Illinois decision to pass a law putting a 0.2% tax on crypto transactions, warning the state risks missing out on innovation and is diverging from Washington.  Selig says Illinois lawmakers “slammed the brakes on technological progress” when they voted to enact the tax last month. The Digital Asset Tax Act was signed into law by Governor JB Pritzker as part of the states FY2027 budget planning last month.  “Just as the internet revolutionized the transfer of information, blockchains will revolutionize the transfer of value,” Selig said in a statement. “Anything and everything is likely to be tokenized, or represented in crypto asset format – from commodities to currencies to stocks and bonds. Illinois lawmakers seeking to plan the states economy from an ivory tower have placed their constituents at a significant disadvantage.”  His statements were published in an op-ed in the Washington Times.  The tax is scheduled to take effect in January 2027.

07-03Industry

जून की गिरावट के बाद क्या जुलाई में संभलेगा Bitcoin? बाजार की नजर इन बड़े संकेतों पर

जून का महीना Bitcoin निवेशकों के लिए काफी चुनौतीपूर्ण रहा। दुनिया की सबसे बड़ी क्रिप्टोकरेंसी ने इस दौरान तेज गिरावट दर्ज की और निवेशकों का भरोसा कमजोर पड़ता दिखा। हालांकि अब बाजार की नजर जुलाई पर है, क्योंकि कई विश्लेषकों का मानना है कि यह महीना Bitcoin के लिए राहत लेकर आ सकता है।  हालिया बाजार विश्लेषण के अनुसार, जुलाई में Bitcoin की दिशा कई अहम आर्थिक और तकनीकी संकेतों पर निर्भर करेगी। यदि प्रमुख समर्थन स्तर बरकरार रहते हैं और निवेशकों की जोखिम लेने की क्षमता बढ़ती है, तो Bitcoin में सुधार देखने को मिल सकता है। हालांकि विशेषज्ञ यह भी मानते हैं कि बाजार अभी पूरी तरह सुरक्षित स्थिति में नहीं पहुंचा है और उतार चढ़ाव जारी रह सकता है।  जुलाई को लेकर क्यों बढ़ी उम्मीद?  क्रिप्टो बाजार के इतिहास पर नजर डालें तो कई बार जुलाई का महीना Bitcoin के लिए सकारात्मक साबित हुआ है। कुछ बाजार विशेषज्ञों का कहना है कि जून में हुई बड़ी गिरावट के बाद बिकवाली का दबाव कम हो सकता है और खरीदार दोबारा सक्रिय हो सकते हैं।  तकनीकी विश्लेषकों का मानना है कि यदि Bitcoin अपने प्रमुख समर्थन स्तर को बनाए रखता है, तो जुलाई में इसकी कीमत धीरे धीरे ऊपर की ओर बढ़ सकती

07-03Industry

भारत में USDT का प्रीमियम 8.5% के पार, ED की कार्रवाई के बाद Stablecoin की कमी से बढ़ी चिंता

भारत में सबसे लोकप्रिय Stablecoin USDT की कीमत अंतरराष्ट्रीय बाजार की तुलना में असामान्य रूप से बढ़ गई है। हालिया रिपोर्टों के अनुसार, भारतीय बाजार में USDT का प्रीमियम 8.5% से अधिक पहुंच गया है, जबकि सामान्य परिस्थितियों में यह अंतर केवल 3% से 4% के बीच रहता है। विशेषज्ञों का मानना है कि प्रवर्तन निदेशालय (ED) की हालिया कार्रवाई के बाद Stablecoin की आपूर्ति प्रभावित होने से यह स्थिति पैदा हुई है।  रिपोर्ट के मुताबिक, बेंगलुरु में कुछ कंपनियों पर हुई जांच के बाद उन माध्यमों पर असर पड़ा जिनके जरिए बड़ी मात्रा में USDT भारत पहुंचता था। इससे बाजार में मांग बनी रही, लेकिन आपूर्ति घट गई और कीमतों में तेज बढ़ोतरी देखने को मिली।  विश्लेषकों का कहना है कि यह घटनाक्रम केवल एक Stablecoin की कीमत तक सीमित नहीं है, बल्कि यह भारत के क्रिप्टो बाजार और सीमा पार डिजिटल भुगतान प्रणाली पर भी असर डाल सकता है।  आखिर क्यों बढ़ गया USDT का प्रीमियम?  USDT एक डॉलर से जुड़ा Stablecoin है और इसे क्रिप्टो कारोबार में सबसे अधिक इस्तेमाल किया जाता है। सामान्य तौर पर भारत में इसकी कीमत डॉलर की विनिमय दर से थोड़ी अधिक रहती है, लेकिन हाल के दिनों में यह अंतर काफी बढ़ गया।  रिपोर्ट के अनुसार,

07-03Industry
1
...
232234
...
1000