Bitcoin tops $60K amid Fed inflation talks: Is bull trap or $65K next?

Key takeaways:Persistent spot Bitcoin ETF outflows and US dollar strength reduce the odds of a quick bounce to $65,000.Strong AI sector earnings momentum and higher fixed-income returns pull capital from Bitcoin and gold.  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.US five-year Treasury yield (left) vs. Bitcoin/USD. Source: TradingView  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.Implied odds of FED interest rates on Sept. 16. Source: CME FedWatch Tool  US government bond futures implied 64% odds of interest rate hikes by September, up from 23% one month prior. The higher expected return on fixed-income investments came as the US dollar strengthened against other major global fiat currencies, which is especially concerning for alternative hedges such as gold and Bitcoin.Gold/USD (left) vs. US

07-02انڈسٹری

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

07-02انڈسٹری

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

07-02انڈسٹری

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

07-02انڈسٹری

Venice AI becomes a unicorn as AI privacy concerns grow

The Erik Voorhees-founded Venice AI has achieved unicorn status after raising $65 million in Series A funding at a $1 billion valuation.  Led by Dragonfly and with backing from Coinbase Ventures, F-Prime, North Island Ventures, Morgan Creek and others, the funding round announced on Wednesday marks the companys first external capital raise since launching in 2024.  The fundraising came in the same month Anthropic was forced to suddenly cut foreign access to two of its latest AI models, and comes just weeks after OpenAI was accused in a class-action lawsuit for sharing ChatGPT data with third parties, highlighting the potential appeal of privacy-focused AI platforms.  “This capital will be used to uphold the First and Fourth Amendments to the Constitution as they relate to mankinds interaction with AI,” Voorhees said in an X post on Wednesday.  The First Amendment is part of the United States Constitution protecting five essential freedoms including the freedom of speech. The Fourth Amendment protects people from unreasonable searches and seizures by the government.  Venice AI courts privacy-focused users  Venice AI, which claims to have 3.5 million users, offers access to over 200 AI models but adds a proxy between the user and the models and allows users to choose the level

07-02

Crypto Analysts Say Bitcoin Could Be Nearing a Bottom After Significantly Bearish Month

Bitcoin experienced a significant price decline in June, dropping from a monthly high of $73,984 to close the month at $58,526, according to data from TradingView. Incidentally, the cryptocurrency reached its monthly high on the first day of June, then lost value as the month progressed.  Despite Bitcoin‘s negative price action in June, which saw the cryptocurrency reach its lowest level in about 21 months, multiple analysts consider the price action secondary to Bitcoin’s ongoing evolution. For the XWIN Japan Research Group, June should not be viewed simply as a collapse month for Bitcoin but a period marking a transition in market structure. Although selling pressure intensified for $BTC, long-term accumulation did as well.  Underlying Bitcoin Metrics  XWIN highlighted some key metrics that exposed Bitcoins intricate dynamics, including the Coinbase Premium Index, which remained negative throughout June. The research group noted that it indicates weak institutional spot demand for $BTC, while Apparent Demand stayed deeply negative, confirming that new buying did not absorb supply.  Notably, Bitcoin‘s MVRV declined toward levels associated with undervaluation, as Bitcoin’s market price approached its Realized Price. These valuation metrics reflect a move toward historical bear-market territory, particularly when market cycles form bottoms. Nonetheless, long-term holders kept faith amid resilient

07-02

Cloudflare opens waitlist for x402 stablecoin monetization gateway

Cloudflare has opened the waitlist for Monetization Gateway, a new product that lets developers charge for web pages, datasets, APIs, and MCP tools.  The internet infrastructure company says the product will settle payments in stablecoins through x402, an open protocol built for web-based payments.  Meanwhile, the Cloudflare Monetization Gateway is designed to place payment rules in front of digital resources protected by Cloudflare. Developers will be able to set access rules for specific pages, API routes, datasets, or tools. Cloudflare said the product will handle payment checks at the edge, before a request reaches the customers origin server.  The company said the gateway will give customers one control panel for payment policies and access controls. It will also support usage-based pricing. Cloudflare gave examples such as charging per API request, setting variable prices for compute-heavy tasks, or charging only unauthenticated users.  Cloudflare brings x402 payments into HTTP requests  Payments will settle through x402, a protocol that uses the HTTP 402 “Payment Required” status code. A client requests a paid resource. The server returns a price and payment instructions. The client then pays and sends the request again with proof of payment.  Were opening the waitlist for our Monetization Gateway, which will allow you to charge for

07-02

Forward Industries adds 500K SOL despite earlier crypto losses

Forward Industries has expanded its Solana treasury after buying more than 500,000 $SOL during fiscal Q3 2026.  The Nasdaq-listed company said its total holdings reached 7.55 million $SOL as of June 30.  The company bought the tokens at an average price of about $79 per $SOL. It also said $SOL per fully diluted share rose to 0.0729 from 0.0669 at the end of the prior quarter.  Forward Industries stock recently traded at $4.70 on Nasdaq, up more than 10% in the past day, with an intraday high of $5.04 and volume above 3 million shares (per Google Finance data).  Source: Google Finance  Forward Industries said the increase represented 36% annualized $SOL-per-share growth. The update comes as the company continues to build its Solana treasury while earlier filings show how crypto price moves have shaped its reported results.  Forward Industries expands Solana holdings  In a July 1 company release, Forward Industries said it sold 93,642 common shares through its At The Market offering during fiscal Q3. The company said it used public market capital in a way that raised $SOL per share for existing shareholders.  Forward Industries ( $FWDI ) Expands Solana Treasury by Over 500k $SOL in Fiscal Q3 2026; Now Holds Over 7.5M $SOL.https://t.co/ReYl5ipylo  — Forward Ind. |

07-02

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

07-02انڈسٹری

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

07-02انڈسٹری
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