Although current loss realization levels are enough to confirm deep bear conditions, they have not reached the intensity required to establish a definitive bottom. Following a wave of selling pressure that pulled bitcoin (BTC) below $60,000 two weeks ago, analysts have highlighted on-chain data that signals possible seller exhaustion, which is further substantiated by…
A bipartisan group of U.S. senators has urged the Treasury Department to keep state regulators in the stablecoin rulemaking process as it prepares final GENIUS Act rules. Summary Senators say Treasury must keep state stablecoin pathways open beyond a single certification window nationwide. The letter asks Treasury to clarify timelines before final GENIUS Act rules…
The market for tokenized real-world assets has continued expanding rapidly, with Citigroup projecting the sector could reach as much as $8.2 trillion by 2030 under its bullish scenario. Summary Citigroup projects the tokenized asset market could reach $5.5 trillion in its base case and as much as $8.2 trillion by 2030. Token Terminal data shows…
The sector’s losses have been broad-based, affecting both established names like Dogecoin as well as much newer entrants. Meme coins have been on a bad run since they peaked in 2024, with data from CryptoRank showing they’ve collectively lost more than $110 billion from then to now. According to the data, this year alone,…
The CLARITY Act has advanced toward a potential July Senate vote, though negotiations over conflict-of-interest provisions continue to divide lawmakers. Summary David Nage says the CLARITY Act could reach a Senate floor vote in mid-to-late July if lawmakers resolve ethics provisions. Debate has shifted from stablecoin yield rules to conflict-of-interest restrictions for government officials. The…
Avalanche is currently facing heavy FUD as traders question its ability to maintain ecosystem momentum against competitors. Avalanche (AVAX) became one of the most discussed cryptocurrencies on Monday despite the broader market rally, as growing skepticism around the network fueled social media debates. According to Santiment, many users are questioning whether Avalanche can still…
Binance has launched tokenized SpaceX shares as trading demand pushes the company’s valuation above $3 trillion and drives a surge in SpaceX-linked crypto products. Summary Binance launched SpaceX bStocks with zero maker fees and automated trading support. SpaceX perpetual futures are now Binance’s second-most traded derivatives product after Bitcoin. SpaceX stock surged 12%, lifting the…
In crypto news today (June 16), Bitcoin has surged above $66,000, continuing the bullish price action that began over the past weekend amid an incoming peace deal between the US and Iran, slowing ETF outflows, and the Bank of Japan raising interest rates. Liquidations have picked up, with over $536M over the past 24-hours and…
“I think that it still looks good and I have a bag of it that I’m trading,” one popular analyst stated. Many leading altcoins are well in the green today (June 16), but Bittensor (TAO) has failed to follow the overall upswing, posting a substantial daily decline. Even so, several analysts think it could…
BlackRock CIO Rick Rieder has maintained that Bitcoin can still climb considerably higher despite competition from AI-linked stocks, yield-focused investments, and emerging opportunities in credit markets. Summary BlackRock CIO Rick Rieder said Bitcoin still has substantial upside despite competition from AI stocks and income-focused investments. Rieder noted that tech companies, credit markets, and yield-bearing products…
