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Canadian billionaire and gold advocate Frank Giustra has publicly criticized MicroStrategy's (MSTR) goal of accumulating one million Bitcoin. MicroStrategy currently holds approximately 818,000 BTC and, at its current pace, is projected to reach the one million BTC mark—equivalent to 5% of the total supply—this August. Writing on X (formerly Twitter), Giustra dismissed the symbolic significance of the target, questioning what it truly means for Chairman Michael Saylor to hold 5%. He specifically pointed to Saylor's high price target of $49 million for Bitcoin, describing it as a tactic to stimulate human greed and FOMO to maintain buying pressure. Giustra suggested that MicroStrategy's strategy relies solely on an overheated market.

The Over Foundation announced yesterday evening that it has suspended all service operations for the Over Protocol due to financial difficulties. Consequently, core infrastructure services such as OverWallet, OverNode, RPC endpoints, and the block explorer have all been shut down, with the foundation stating there are no plans for recovery. The foundation also explained that while the Over Protocol was designed to be decentralized, the service suspension by its operating entity will likely cause the chain to effectively halt. The foundation expressed regret, stating that it had aimed to build a Layer 1 network open to everyone but was unable to see the project through to completion.

Saturn has surpassed $100 million in Total Value Locked (TVL) just 20 days after its launch.

Coinbase announced the listing of VIRTUAL.

A whale address associated with crypto financial services firm Matrixport has opened an ETH long position, Onchain Lens reported. The whale, who has previously earned over $59 million in profits, opened a 15x leveraged position with 30,000 ETH (approximately $68 million) over the past hour. Currently, the whale holds a total long position of 58,000 ETH (about $131 million) across three wallets.

Stablecoin issuer Circle announced that it now officially supports USDC and its Cross-Chain Transfer Protocol (CCTP) on the Pharos network.

Michael Terpin, an early Bitcoin investor known as the Godfather of Crypto, has projected that the price of Bitcoin has not yet reached its bottom and is unlikely to hit a new all-time high this year. In a recent interview, Terpin said that for a full-fledged bull market to begin, the price would need to surpass the $100,000 mark, but he sees no clear support level at present. Citing past cycles and the establishment of resistance at $80,000, he predicted that the bottom is likely to form around the $57,000 level this October.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Amid a decline in Bitcoin, cryptocurrency-themed stocks are also showing broad weakness. Circle (CRCL) is down 1.27%, and Coinbase (COIN) has fallen 2.18%.

Asset management firm Fidelity deposited 19,934 ETH, worth approximately $45.29 million, to cryptocurrency exchange Coinbase about 30 minutes ago.

Tether has announced it is developing a new type of modular Bitcoin mining infrastructure in collaboration with Canaan and ACME Swisstech. According to The Block, the system will be built around application-specific hashboard modules rather than off-the-shelf, complete mining rigs. Tether explained that it will integrate this approach into its proprietary control architecture, thermal management systems, and software stack. The company aims to enhance its control over the cost, energy, and performance stack for industrial-scale mining.

Polymarket, the world's largest prediction market platform, is preparing to launch a formal exchange in the U.S. market, pending approval from the U.S. Commodity Futures Trading Commission (CFTC), according to Bloomberg.

Iran is expected to submit a revised peace proposal soon, according to sources.

Bitcoin has fallen below the $76,000 mark amid heightened market caution ahead of the Federal Open Market Committee (FOMC) interest rate decision scheduled for Wednesday, according to an analysis by BeInCrypto. As investors focus on risk management, $40 billion has been wiped from the total cryptocurrency market capitalization in a single day. The CME FedWatch Tool indicates a 100% probability that interest rates will be held between 3.50% and 3.75% at this meeting. Market attention is focused less on the rate hold itself and more on the tone of Fed Chair Jerome Powell's final remarks of his term, along with any signals of a policy handover to Chair-nominee Kevin Warsh. Experts suggest that the uncertainty surrounding this policy transition is dampening investor sentiment.

JPMorgan Chase CEO Jamie Dimon said he is not worried about the U.S. economy.

The price of ZKJ has surged over 516% in the past 24 hours and is currently trading at $0.138, according to data from HTX. The sharp price movement has also triggered large-scale liquidations. Data from Coinglass shows that total liquidations for ZKJ reached $2.71 million over the last 24 hours.

Galaxy Digital (GLXY) reported a net loss of $216 million for the first quarter, a figure that beat analyst expectations, CoinDesk reported. The company said that changes in its business structure and strengthened financial management offset the impact of falling cryptocurrency prices.

Visa is partnering with blockchain company WeFi to build an on-chain payment and banking infrastructure. WeFi, founded by Tether co-founder Reeve Collins, is a platform that connects decentralized finance (DeFi) with institutional payment networks. The collaboration aims to complete the "last half mile" of on-chain banking. The plan is to provide users with personal International Bank Account Numbers (IBANs) that can be used like traditional bank accounts. The service will launch in Europe, Asia, and South America before expanding to financially underserved populations globally. Visa stated that it aims to demonstrate the integration of on-chain models with its global network within a regulatory framework.

A series of cryptocurrency projects have ceased operations this year, Cointelegraph reported. This month, the decentralized email service Dmail decided to shut down, citing the burden of infrastructure costs, failure to attract investment, and low token utility. Additionally, DAO tooling platform Tally closed its business after determining that the market for governance tools had not yet matured sufficiently. Step Finance also ceased operations following a hack, as subsequent attempts to raise funds or sell the company proved unsuccessful. Cointelegraph explained that while projects could previously extend their lifespan with token issuances or venture capital funding, these financing avenues are now effectively restricted. As a result, losses are materializing more quickly, leading to an increasing number of projects opting for shutdowns over recovery efforts.

Global Web3 security firm CertiK said in a report that anti-money laundering (AML) regulations have emerged as the biggest regulatory risk for the cryptocurrency industry. According to Cointelegraph, the report highlighted that in the first half of last year, the U.S. Department of Justice and FinCEN levied over $1 billion in AML-related fines, while crypto-related penalties from the U.S. Securities and Exchange Commission (SEC) plummeted by 97% year-over-year during the same period. The report added that sanctions are increasingly targeting operational risks, such as unlicensed money transmission and failures in transaction monitoring.

U.S.-based bank State Street plans to launch a tokenized fund service in Luxembourg by the end of this year, The Block reported. The service will be offered through its subsidiary, State Street Investment Services. Its core function will be to support blockchain-based tokenized funds by integrating them with existing fund management and custody capabilities.

Japanese financial, judicial, and real estate authorities have issued joint guidance on the potential misuse of cryptocurrency for money laundering. The guidance noted that because cryptocurrencies can be transferred instantly across borders, they could be used as a payment method in real estate transactions for illicit purposes. According to the joint guidance, real estate agents are required under Japan's Act on Prevention of Transfer of Criminal Proceeds to conduct customer verification procedures and report suspicious transactions to the authorities. They must also notify the police if there are signs of criminal involvement. The measure aims to apply anti-money laundering (AML) standards equivalent to those in the traditional banking sector to real estate transactions involving cryptocurrency.

The three major U.S. stock indices opened mixed today. - S&P 500: +0.52% - Nasdaq: -1.18% - Dow Jones: +0.22%

U.S. President Donald Trump said Iran has informed the United States that it is in a state of collapse. He added that Iran has requested the prompt opening of the Strait of Hormuz to help resolve its leadership issues. President Trump also expressed his belief that Iran will be able to resolve the situation.