Crypto Industry News & Market Trends

Bitcoin Holds $65K, But $65.7K Will Decide the Next Big Move

Bitcoin dips below $65K as escalating Iran tensions rattle risk markets. Traders now watch $65,700 to confirm BTCs next big move.　　Bitcoin briefly slipped under $65,000 during yesterdays sharp sell-off before buyers stepped back in. The reclaim shows short-term resilience, but a bigger test still lies ahead.　　Traders are now watching $65,700 as the level that could decide the next major Bitcoin move.　　A confirmed break above that mark would flip momentum back toward bulls. A failed attempt could send prices sliding toward $63,000 instead.　　Bitcoin Price Eyes the $65,700 Level for Direction　　Market analyst That Martini Guy, posting on X, said Bitcoin reclaimed $65,000 after briefly dipping below the mark.　　He called $65,700 the key level buyers must reclaim to shift short-term momentum back in their favor. A failure to clear that level, he added, would likely send price down toward $63,000 next.　　He pointed to steady spot Bitcoin ETF demand and balanced funding rates as reasons the pullback may not signal a deeper rollover.　　Bitcoin has now reclaimed $65,000 after briefly breaking below it during yesterdays sell-off.　　While thats a good initial response from buyers, the real test is just starting.　　$65,700 is the main level buyers MUST reclaim to flip short-term momentum back to the bulls.　　According to

07-24Industry

Wall Street Stumbles as Trump Tariffs Launch and Oil Flirts with $100 Milestone

Key HighlightsMajor US indices wobbled Friday following Thursdays brutal session that erased roughly $800 billion in value from the Magnificent Seven tech giantsSurging artificial intelligence expenditures at Alphabet and Tesla sparked the technology sector retreatNew Section 301 tariffs from President Trump, spanning 10% to 12.5%, became active during overnight hoursCrude retreated Friday but Brent remained positioned for weekly gains after briefly surpassing the $100 thresholdVerizon and American Express delivered profit wins yet disappointed on sales; Intel rallied on stronger-than-expected results　　American equities struggled to find stable footing Friday morning following one of 2024s most punishing technology sector routs. Market participants grappled with a complex mix of fresh trade barriers, ballooning AI infrastructure costs, and elevated energy prices.　　The Dow Jones Industrial Average managed a modest 0.3% advance, while the S&P 500 treaded water near breakeven. The Nasdaq Composite declined 0.4% as technology names maintained their downward pressure.　　E-Mini S&P 500 Sep 26 (ES=F)　　All three benchmark indices were tracking toward negative weekly performance. The elite Magnificent Seven cohort of mega-cap technology companies saw approximately $800 billion in combined market capitalization evaporate during Thursdays session alone.　　The sharp decline followed quarterly reports from Alphabet and Tesla, which disclosed dramatically escalating capital expenditures tied to artificial intelligence

07-24Industry

Philippines' BPI tests stablecoin rail for overseas remittances

BPI has launched a pilot program using stablecoin settlement rails for cross-border payments, with the Philippine lender targeting faster and lower-cost remittances for freelancers, virtual assistants, and other overseas income earners.　　According to local reports from ABS-CBN and the Philippine Daily Inquirer, the Ayala-led bank is working with global digital clearinghouse Meridian to test a stablecoin-based settlement system that will process inbound international payments before converting them into Philippine pesos for deposit into customers BPI accounts.　　The pilot will first cover payroll payments and overseas earnings received by freelancers, virtual assistants, and workers in the informal economy. BPI plans to extend the service to more customers before the 49th ASEAN Summit in November, when the bank expects to showcase the initiative as part of its digital banking efforts.　　Rather than replacing existing banking infrastructure, the system uses stablecoins as a settlement layer between the sender and the recipient. Once the transfer is completed, recipients will receive Philippine pesos in their BPI accounts, allowing the bank to combine blockchain-based settlement with conventional banking safeguards.　　BPI President and Chief Executive Officer Jose Teodoro Limcaoco said the project builds on the banks ongoing digitalization strategy, adding that the bank wants Filipinos receiving money from abroad to access

07-24Industry

Ali Martinez Predicts Ethereum Rally to $2,060 if $1,850 Support Holds

Ali Martinez says Ethereum could reach $2,060 if the $1,850 support remains intact.ETH exchange reserves continue to decline, pointing to tighter supply across major platforms.Funding rates are rising, showing stronger bullish sentiment without overheating the market.　　Ethereum is gearing up for another move higher after rebounding from a key support level, according to crypto analyst Ali Martinez.　　His latest chart reveals ETH is still trading within a rising price channel. Martinez said Ethereum bounced after testing the lower boundary of its ascending channel on the one-hour chart.　　As long as the $1,850 support holds, he believes ETH could rally toward the channels upper boundary near $2,060.　　Ethereum is currently trading at $1,861.87, down 1.96% over the past 24 hours, according to CoinMarketCap. Despite the daily decline, the cryptocurrency remains up 1.63% over the past week and 13% over the past month.　　$1,850 Remains the Key Support　　Martinezs chart shows Ethereum recovering after pulling back to the lower trendline of its ascending channel. He said holding the $1,850 level is important to keep the current bullish structure intact.　　If buyers continue defending that support, ETH could retest the top of the channel around $2,060. However, a break below the channel could invalidate the short-term bullish outlook and open

07-24Industry

The Dow Jones buys a rumour and sleeps through a tariff regime

The index that spent this week absorbing a war premium trades near 52,000 on Friday, around 325 points to the good side, on the strength of a wire report that its own three sources undercut in the same breath. Pakistan is exploring a route back to stalled US-Iran talks at China‘s urging, and those sources cautioned that the obstacles to any American engagement remain high. Crude Oil sold off roughly 4% on the story, with Brent easing toward $96.00 after this week’s move above $100.00 and West Texas Intermediate near $88.50.　　Every de-escalation headline of this war has been retraced, in April, in May and again in early July, and the market has bought each one on first print. What separates this version is that the equity bid arrived on the same morning the trade regime changed underneath it, and almost nobody marked the second event.　　A rally on three sources and a caveat　　Apple (AAPL) supplied a large share of the index gain with a 3% move, which is what a price-weighted average does when a high-priced component catches a bid. Beneath the headline the tape was thinner than it looks, with every S public participation, when the wider public joins in;

07-24Industry

The debt clock ticking inside corporate Bitcoin treasuries could force billions back onto the market

The convertible notes, preferred shares, and credit facilities that financed a large share of corporate Bitcoin holdings carry maturities, redemption windows, and dividend dates that determine when a company might need to sell.　　Matthew Sigel, VanEcks head of digital assets research, shared a list of corporate Bitcoin treasuries that maps who ranks above the coins inside each companys capital structure.　　Once Bitcoin sits inside a public companys balance sheet, it stands beneath a stack of claims: creditors expecting repayment, preferred shareholders expecting distributions, lenders holding pledged coins, common shareholders wanting buybacks, and an operating business that needs cash to run.　　A payment, redemption, or maturity can force a company to sell Bitcoin on a fixed date, regardless of whether it still believes in the assets long-term price.　　One entry on Sigels list flags Bitdeer, which had fully emptied its Bitcoin treasury as of Feb. 20 to fund a pivot into AI data centers, a move later confirmed when the treasury fell to zero once the company sold 189.8 newly mined BTC and pulled 943.1 BTC from reserves.Claim above BitcoinInstrument or pressureWhat creates the sell riskWhy it mattersCreditorsConvertible notes, senior debtMaturity, repayment, refinancing failureBTC may be sold even if management remains bullishPreferred shareholdersSTRC-style preferred stockDividend

07-24Industry

India orders takedown of Jack Dorseys bitcoin-linked messaging app Bitchat

SummaryIndia‘s cybercrime agency has ordered GitHub to take down repositories for Bitchat, Jack Dorsey’s offline messaging app, as Delhi protesters use mesh-network tools to evade repeated internet shutdowns.Authorities say Bitchats decentralized, registration-free design thwarts lawful interception and investigation, even as demonstrators rely on it and similar Bluetooth mesh apps to coordinate during exam scandal protests.It was unclear whether GitHub complied within the three-hour deadline, and the app remained available on major app stores Friday, with experts noting that open-source code is often mirrored beyond a single platform.　　Indias top cybercrime watchdog has ordered GitHub to take down Bitchat, the offline messaging app built by Block chief executive and bitcoin advocate Jack Dorsey, as anti-government protesters in Delhi adopt mesh-networking tools to communicate through repeated internet shutdowns.　　the government of india does not like technologies like bitchat and wants it taken down pic.twitter.com/gjzMg1NGCi　　— jack (@jack) July 24, 2026　　The Indian Cyber Crime Coordination Centre, part of the Home Ministry, issued the order late Thursday under Section 79(3)(b) of the IT Act, naming three GitHub repositories tied to Bitchat and giving the platform three hours to disable access.　　The notice, reviewed by CoinDesk, says the app enables anonymous communication without registration, phone numbers or centralized logging,

07-24Industry

South Koreas Korbit to rebrand as Digital X under Mirae: Report

South Korean crypto exchange Korbit will reportedly rebrand as Digital X after becoming part of Mirae Asset Group.　　Mirae Asset founder and global strategy officer Park Hyeon-joo announced the new name in an internal email to employees on Thursday, according to a Herald Business report. Park reportedly described Digital X as central to the groups “Mirae Asset 3.0” strategy, which aims to combine digital assets with traditional finance.　　The company plans to expand into real-world asset (RWA) tokenization, security token offerings, stablecoins and traditional asset products. Park said the exchange would prioritize anti-money laundering controls, customer verification, information security and fraud detection as South Korea develops its crypto and tokenized securities rules.　　Mirae completed its acquisition of a 97% stake in Korbit on Thursday. Korbit said that its existing services would continue without changes following the acquisition.

07-24Industry

Former bitcoin miner Poolin files Chapter 11, sets $52 million floor bid for Texas operations

Quick TakePoolin Technology filed for Chapter 11 bankruptcy and is seeking court approval to sell Texas mining assets through a $52 million stalking-horse bid.The debtors reported approximately $173.1 million in prepetition obligations, including about $163.7 million in unsecured IOUs issued after Poolin Wallet suspended customer withdrawals in 2022.　　Poolin Technology Pte. Ltd., the Singapore-based parent company of what was once one of the worlds largest bitcoin mining pools, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey after its Texas bitcoin mining and hosting operations ceased activity on July 10.　　The filing includes two U.S. affiliates, Lonestar Dream Inc. and Lonestar Taproot LLC. Poolins petition lists estimated creditors between 10,001 and 25,000, assets between $1 million and $10 million, and liabilities between $100 million and $500 million.　　In a declaration accompanying the filing, Chief Restructuring Officer Michael DuFrayne placed the debtors prepetition obligations at approximately $173.1 million. Roughly $163.7 million of that amount consists of unsecured IOUs issued to Poolin Wallet customers following the companys suspension of withdrawals during the 2022 cryptocurrency market downturn. Around 11,700 retail users held frozen IOUs exceeding $100 each when the suspension began, according to the filing.　　Rather than pursuing a

07-24Industry

Bitcoin mining pool Poolin files for Chapter 11 bankruptcy

Singapore-based Bitcoin mining pool Poolin and two of its US affiliates filed for Chapter 11 bankruptcy in a New Jersey court on Wednesday.　　Poolins court filing shows that the mining pool operator has estimated liabilities of $100 million to $500 million, assets of $1 million to $10 million and 10,001 to 25,000 creditors.　　Poolin and its affiliates are also seeking court approval to sell two West Texas mining sites to Thor CALAP LLC under a proposed $52 million stalking-horse bid. This includes $37 million for the Tarbush assets, including assumed liabilities, and $15 million for the Pyote site, including the power rights, equipment and all other assets tied to the mining facilities.　　The proposed sale would be subject to a court-supervised auction, with a bid deadline of Sept. 8 under the proposed bidding procedures.　　Poolin was once the worlds largest Bitcoin mining pool in 2019. It now ranks as the 17th largest mining pool operator by hashrate, with a 0.2% market share, according to Hashrate Index.　　Related: Hobby-level miner bags $200K solo BTC block with budget Bitaxe rig　　Bitcoin miners increasingly turn to restructuring and AI　　Bitcoin mining operations are facing growing financial constraints due to rising electricity costs, forcing some operations to shut down while others

07-24Industry

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