Latest Crypto News & Market Updates

Michigan Survey Brings Relief, Yet Chip-Led Tech Sell-Off Hits Risk Assets and Crypto

Michigan inflation cooled and helped U.S. stocks recover late Friday, but pressure in tech stocks kept risk assets under stress. Bitcoin and Ethereum also remained weak as traders watched key levels after a chip-led sell-off reached crypto markets.　　The late recovery followed the University of Michigan survey. The report showed consumers expect inflation at 3.3% over the next five to 10 years, down from the prior 3.4% reading.　　Michigan Inflation Eases Pressure as Tech Stocks Slide　　The lower Michigan inflation figure helped ease part of the market pressure. It reduced some concern that inflation expectations could keep rate-hike fears active.　　However, Ash Crypto said in an X post that $780 billion entered the U.S. stock market in the last 45 minutes. The move came after Michigan inflation expectations arrived lower than expected.　　$780,000,000,000 added to the US stock market in last 45 minutes as Michigan 5Y inflation expectations came lower than expected.　　The late buying helped the St in yet.　　Huge buy orders are pending between $1580-$1500.　　The real test of Ethereum sellers will start now.　　However, Ted highlighted Ethereum liquidity clusters. He placed upside liquidity around $1,700 and $1,600, while downside liquidity sat near $1,500. A move back above $1,600 could improve sentiment, while a fall toward $1,500

06-28Exchange

What Is Wrapped Bitcoin？ How WBTC brings BTC to Ethereum and DeFi

Bitcoin is the largest pool of value in crypto, but on its own, it cannot touch Ethereums world of lending, borrowing, and yield. Wrapped Bitcoin is the bridge. This guide explains how WBTC works, the mint-and-burn model behind it, the alternatives, and the custodial risks that set it apart from holding real BTC.　　Table of ContentsWhy Bitcoin needs wrappingHow the mint-and-burn model worksWho governs WBTC, and why it mattersA worked example: putting Bitcoin to workWBTC versus native Bitcoin and the alternativesRisks and what to check before wrappingFrequently Asked Questions　　Wrapped Bitcoin, known by its ticker WBTC, is an ERC-20 token that runs on the Ethereum blockchain and is backed 1:1 by real Bitcoin held in reserve, so that one WBTC is always meant to equal one Bitcoin. Its entire purpose is to solve a fundamental incompatibility in crypto: Bitcoin, the largest and most valuable cryptocurrency, lives on its own blockchain and cannot natively participate in the decentralized finance applications built on Ethereum, because those applications run on smart contracts that Bitcoins design does not support.　　An enormous amount of crypto wealth sits in Bitcoin, while an enormous amount of programmable financial activity happens on Ethereum, and for years, there was no way to

06-28Exchange

Shiba Inu: Shibarium DEX Volume Drops to Zero as DeFi Activity Nearly Vanishes

Trading activity across the decentralized finance (DeFi) ecosystem on Shiba Inus L2 blockchain, Shibarium, has disappeared, as DEX volume currently sits at zero. 　　At press time, Shibarium DEX volume stood at zero, according to data from DeFiLlama, reflecting extremely weak on-chain participation.　　Zero Trades Since June 23　　Decentralized exchanges operating on Shibarium, including WoofSwap and ShibaSwap, have recorded no trading activity since June 23. The last recorded DEX transaction on the network occurred on June 22, when traders exchanged just $60 worth of assets.　　Furthermore, throughout most of June, daily trading volumes on these platforms remained below $100, underscoring the lack of activity across the ecosystem. The slowdown highlights Shibariums struggle to attract meaningful DeFi adoption since its launch.　　Shibarium DEX VolumesDwindling DEX Activity　　After the mainnet went live in August 2023, the network initially showed encouraging signs of growth. DEX volume reached $6,800 in October 2024 before climbing to $54,000 in December 2024.　　However, activity weakened in the following months. Although the development team attempted to revive optimism by promising faster ecosystem growth and higher DEX participation, trading activity continued to decline.　　Shibarium briefly recovered in September 2025, when DEX volume rose to $47,000, before reaching a cycle peak of $86,000 in December 2025. Since then,

06-28Exchange

What Robinhoods recent layoffs say about the current state of crypto investments

Read the recent headlines about trading platform Robinhood‘s c-suite departure and layoffs, or BitGo’s 15% workforce reduction, and youll see that things are looking grim in the world of crypto investing. One outlet reports that Robinhoods recent decision to reduce its headcount is occurring amid a “crypto revenue crunch.” Another called the current crypto season a “slump.”　　For investors, understanding the correlation between tech layoffs and crypto market performance is valuable. In this case, the lesson to be learned is that Robinhood‘s layoffs aren’t influencing the market, but revealing where we are in the market cycle.　　Based on declining trading volumes, sector-wide cost-cutting, reduced venture funding, and subdued retail participation, eight months after Bitcoin topped, these signals point to a late bear market environment. That is not a reason to panic. In fact, late bear markets have historically been some of the best times to position for the next bull run.　　Robinhoods layoffs are an indicator of market sentiment　　Crypto market movements are influenced by factors such as liquidity, interest rates, institutional adoption, regulation and overall market sentiment. Because these are the factors that drive movement, these are the things investors look at as they try to predict movement.　　Layoffs like those announced by Robinhood

06-28Exchange

Coinbase CLO Praises Amicus Brief by Former Acting Deputy AG in Support of Kalshi

Coinbase Chief Legal Officer Paul Grewal has publicly commended a legal brief filed by former U.S. Acting Deputy Attorney General Elizabeth Prelogar in support of Kalshi, a regulated prediction market platform. Grewal described the amicus brief as a ‘masterpiece,’ emphasizing its detailed historical analysis of how the Commodity Futures Trading Commission (CFTC) obtained exclusive regulatory authority over prediction markets in the United States.　　Background of the Amicus Brief　　Prelogar, who served as Acting Deputy Attorney General during the Biden administration, submitted the brief in a legal proceeding involving Kalshi. The brief argues that state-level laws are ill-suited to regulate prediction markets, which are inherently national in scope and require a uniform federal framework. The CFTC, according to the brief, is the appropriate agency to oversee these markets, given its existing expertise and statutory mandate under the Commodity Exchange Act.　　The filing comes at a time when the regulatory landscape for prediction markets remains unsettled. Kalshi, which offers contracts on events ranging from economic indicators to political outcomes, has faced scrutiny from both federal regulators and state authorities. The brief aims to clarify that the CFTCs jurisdiction preempts state efforts to regulate such markets, a position that could have significant implications for the industry.　　Coinbases

06-28Exchange

Coinbase and OKX try to lure in Binances EU users after it failed to secure a MiCA license

Coinbase and OKX are offering sign-up bonuses to users after reports broke out that rival exchange Binance told its users in the European Union (EU) it is suspending some services because it will not have a Markets in Crypto-Assets (MiCA) license in place by July 1.　　Brian Armstrong, CEO and founder of Coinbase, wrote on X Friday evening offering users in Germany, France, Italy, Belgium, Poland, Sweden and the U.K. sign up bonuses. He pointed to his firms website where the offers were explained in more detail.　　“Coinbase has been MiCA licensed since 2025 and offers unified global liquidity across spot and derivatives,” the crypto exchange says in its offer to new users.　　“Were offering a 5% transfer bonus for people moving funds to Coinbase before July 13th,” it adds.　　Star Xu, OKX founder and CEO, also offered bonuses to new users in Europe in an X post on Saturday saying that MiCA marks the start of a new era for crypto in the region.　　“If you‘re looking for a regulated platform built for the long term, we’re excited to welcome you to OKX,” he said. “To celebrate this new chapter, were offering one of our biggest welcome campaigns for eligible EEA users, including welcome

06-27Exchange

Why are almost all tech stocks in a deep bear market right now？

A huge number of Wall Streets technology stocks have already fallen into bear market territory after losing massive amounts from their record highs.　　Coinbase (NASDAQ: COIN) has fallen 69% from its all-time high. Oracle (NYSE: ORCL) and Salesforce (NYSE: CRM) have each lost 57%. ServiceNow (NYSE: NOW) is down 56%. Netflix (NASDAQ: NFLX) and Palantir (NASDAQ: PLTR) have both dropped 48%. Microsoft (NASDAQ: MSFT) has declined 37%, Meta Platforms (NASDAQ: META) 32%, Arm Holdings (NASDAQ: ARM) 27%, Broadcom (NASDAQ: AVGO) 26%, Marvell Technology (NASDAQ: MRVL) 20%, Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN) 19%, Alphabet (NASDAQ: GOOGL) 17%, CrowdStrike (NASDAQ: CRWD) 15%, Apple (NASDAQ: AAPL) 14%, and Taiwan Semiconductor (NYSE: TSM) 12%.　　Investors continue dumping technology stocks across global markets　　Today, the Nasdaq Composite finished lower for a fifth straight trading day as investors kept pulling money out of technology stocks and putting it into sectors seen as safer.　　By the closing bell, the Nasdaq Composite had slipped 0.24% to 25,297.62. The S&P 500 eased 0.05% to 7,354.02. The Dow Jones Industrial Average lost 44.51 points, or 0.09%, ending at 51,876.11.　　For the week however, the S&P 500 gave up almost 2%, the Nasdaq fell 4.6%, and the Dow moved the other way and added

06-27Exchange

Crypto Scam: How to Document and Report Fraud to Law Enforcement

Unlike traditional bank transfers, cryptocurrency transactions are generally irreversible. However, if you report a scam quickly, it gives law enforcement a much better shot at tracking blockchain transactions. This means they can spot the wallets the scammers used and maybe even freeze the funds before they get moved again.　　The FBI says that every report submitted to the Internet Crime Complaint Center (IC3) helps investigators identify larger criminal networks.　　What to Do If You Are a Victim of a Crypto Scam　　As per the FBI, victims should move fast and not try to negotiate with scammers. For starters, if someones asking you to send more money to unlock your investment, pay taxes, or anything similar, stop immediately. These are classic tactics used in crypto investment scams.　　That said, if you are a crypto scam victim, preserve and collect as much evidence as possible.　　Gather everything you can, including wallet addresses, transaction IDs, amounts sent, dates and times, exchange accounts, screenshots, emails, chat logs from WhatsApp, Telegram, Discord, or texts, website links, and any usernames or phone numbers. The FBI says transaction details are usually the most useful evidence you can give to the authorities.　　How to Report a Crypto Scam　　The process will differ from country to

06-27Exchange

Tokenization's Next Phase Is Lending, Says RedStone Co-Founder

Wall Street has figured out how to put traditional financial assets on the blockchain. Now its trying to figure out what to do with them.　　Money market funds (MMFs), Treasury products, private credit and, more recently, stocks have all been tokenized as financial institutions and crypto firms expand their onchain offerings.　　The next step is using those assets as collateral in lending markets and across decentralized finance (DeFi), according to Marcin Kaźmierczak, co-founder of blockchain oracle provider RedStone.　　RedStone supplies price data for DeFi applications. According to DeFiLlama, it is the third-largest blockchain oracle by total value secured (TVS), securing about $4.1bn across 95 protocols.　　“Right now, only a very small fraction of those tokenized assets are used as collateral or as any kind of programmable layer on top of DeFi protocols,” Kaźmierczak told Sandmark in an exclusive interview during the TokenizeThis 2026 conference in New York City.　　Tokenizations real value　　The comments come as tokenization continues to grow across both traditional finance and crypto. According to RWA.xyz, tokenized assets on public blockchains are now worth more than $31.5bn across about 944,000 holders.　　But Kaźmierczak argues that simply putting assets onchain isnt enough. “If youre just tokenizing, for example, a money market fund, okay, its 24/7, its

06-27Exchange

Four Dormant Ethereum Wallets Move 37,602 ETH From 2018 and Begin Selling Into the Drawdown

Volume moved:Four addresses of ancient origin transferred a total of 37,602 $ETH during Fridays session.Acquisition price:The coins were originally received in 2018 at an approximate value of $830 per unit.Liquidation executed:The operators sold 33,623 $ETH at an estimated price of $1,560, generating real profits of $27.4 million.　　Four dormant Ethereum walletsthat had protected thousands of tokens since 2018 broke their lethargy this Friday to liquidate most of their funds on exchanges. The movements coincide with one of the deepest price contractions within the current crypto market cycle.　　The on-chain analysis from Arkham shared by Lookonchain indicates that the addresses identified as 0x71B…D412f, 0x92a…ae49D, 0x6C7…5C327, and 0xffd…5BeE5 executed the sales in an estimated span of four hours. Analysts indicated that the entities obtained approximately $52.5 million in gross revenue after trading 33,623 $ETH at a rate of $1,560 per unit.　　After holding $ETH for 8 years, these #Ethereum OGs finally gave up.　　Four #Ethereum OG wallets received 37,602 $ETH($58.66M) 8 years ago at ~$830.　　During the 2021 and 2025 bull markets, their unrealized profit exceeded $150M, but they never sold.　　The impact of timing on financial returns　　The execution of these operations occurs in an environment of structural weakness for crypto assets. Historical price records show that in

06-27Exchange

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