Live Feed

Binance has announced that it will conduct maintenance on its Bitcoin (BTC) network wallet at 1:00 a.m. UTC on July 1. As a result, deposits and withdrawals on the BTC network will be temporarily suspended. The maintenance is expected to last for approximately one hour.

South Korean crypto exchange Bithumb announced it will list Cap (CAP) on its KRW market at 5:00 a.m. UTC on June 30.

Christopher Perkins, head of Franklin Templeton's crypto division Franklin Crypto, told CNBC that Bitcoin's recent decline is due to macroeconomic pressure. He described Bitcoin as a "Frontier risk asset" that is highly sensitive to interest rate changes. However, Perkins noted that BTC has, for the first time in history, made it possible to hold private property on the internet. He also highlighted the potential synergy between AI and cryptocurrency, viewing them as complementary rather than competitive technologies, and emphasized his personal belief that BTC will continue to rise. Franklin Templeton established Franklin Crypto after acquiring crypto asset manager 250digital on June 22.

The U.S. dollar has climbed past 162 Japanese yen amid intensifying downward pressure on the currency. This marks the first time the exchange rate has reached this level since December 1986, a nearly 40-year high.

CoinMarketCap's Altcoin Season Index has reached 51, up three points from the previous day. The index measures market sentiment by comparing the price performance of the top 100 coins, excluding stablecoins and wrapped tokens, against Bitcoin. An altcoin season is declared if 75% of these top coins have outperformed Bitcoin over the last 90 days; otherwise, it is considered a Bitcoin season. A score closer to 100 indicates a stronger altcoin season.

Whale Alert reported that 300,000,000 USDC has been transferred from USDC Treasury to an unknown wallet. The transaction is valued at about $300 million.

Whale Alert reported that 234 million USDC has been burned at the USDC Treasury.

The U.S. Securities and Exchange Commission (SEC) has ordered cryptocurrency platform NanoBit to pay more than $5 million in fines. According to The Block, the lawsuit was originally filed in 2024. The SEC explained that individuals involved in the NanoBit fraud posed as financial experts in WhatsApp groups from September 2023 to June 2024 to gain the trust of investors. They also falsely claimed that a NanoBit affiliate was a broker registered with the SEC.

Azerbaijan plans to introduce legislation by the end of the year that will require cryptocurrency companies to obtain licenses and comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, Bitsmedia reported. The move aims to ensure the stability of the country's financial system.

TD Cowen has predicted that the U.S. CLARITY Act is unlikely to pass before the November midterm elections. Jaret Seiberg, Managing Director at TD Cowen's Washington Research Group, explained that if the bill does not pass before August, it is questionable whether it can be addressed during the fall session ahead of the midterms. He noted that Democrats are expected to force votes on amendments that could be politically difficult for Republicans, who are only likely to take that risk if they are confident President Donald Trump will sign the final bill. Furthermore, Democrats are pushing for ethics rules to ban cryptocurrency business activities for public officials and their families, including the president, but Trump has shown no willingness to compromise. It remains uncertain if Republicans have enough votes to defeat such an amendment. Seiberg also pointed to concerns from law enforcement agencies that a provision in the bill easing liability for self-custody software developers could create loopholes for supervising and investigating illegal activities like money laundering.

FG Nexus (FGNX), an Ethereum accumulation firm (DAT), is believed to have sold another 3,375 ETH ($5.34 million) after depositing the funds to Galaxy Digital seven hours ago, Onchain Lens reported. The firm had previously invested $196 million to acquire 50,770 ETH. To date, it has sold a total of 41,675 ETH for $94.51 million, resulting in an estimated loss of over $90 million.

The market capitalization of ANSEM, a Solana-based memecoin created by crypto influencer Ansem, has surpassed $140 million, marking a 41% increase on the day. Ansem, who has approximately one million followers on X, is believed to hold 586.62 million ANSEM, worth $73.6 million, in a Solana wallet starting with the address GV6UUmNx. The total supply of ANSEM is around one billion tokens.

Eighty-four percent of altcoins listed on Binance are trading below their 200-week moving average (MA), signaling a prolonged downturn, cryptocurrency analyst Darkfost noted in a contribution to CryptoQuant. The total market capitalization of altcoins excluding Ethereum (TOTAL3) has remained bearish for eight months. This week, most altcoins have maintained a high correlation with Bitcoin's price movements. This extended slump in the altcoin market is pushing investors to their limits and marks the second-longest downturn since the 10-month bear market in 2020. Darkfost explained that while the market is currently in an overwhelmingly bearish trend, historically, such periods of stagnation have also presented opportunities.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom shows the Cumulative Volume Delta (CVD). - The Volume Heatmap tracks the volume of trades at specific price levels. The background color becomes brighter when the price lingers in a certain range or moves significantly. These brighter areas may act as potential support or resistance levels. - The Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

CoinMarketCap's proprietary Fear & Greed Index rose one point from yesterday to 17, keeping the market in a state of extreme fear. The index measures market sentiment on a scale from 0 (extreme fear) to 100 (extreme optimism). CoinMarketCap calculates the index based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives data like the put-to-call ratio, the Stablecoin Supply Ratio (SSR), and its own search data.

Brazilian publicly listed company OranjeBTC announced it has purchased an additional 74 BTC over the past week, bringing its total Bitcoin holdings to 3,896.

Gabor Gurbacs, an advisor to VanEck and Tether, argued on social media that profoundly unserious people have taken over a large part of the Bitcoin discourse. He criticized them for copying and selling shoddy products and stale narratives instead of focusing on building long-term conviction, infrastructure, and distribution networks. Gurbacs identified this as one of the key reasons why Bitcoin is currently unable to surpass its all-time high (ATH). He pointed out that the market's fundamental nature became diluted starting with the Initial Coin Offering (ICO) boom in 2017. Gurbacs recalled that the pre-2017 crypto community was sharper and operated with clear principles and a mission, noting that nearly a decade has passed since the market changed. He added that if he had one wish, it would be for the Real World Asset (RWA) tokenization boom to have occurred before the 2017 ICO boom disrupted the market.

Real-world asset (RWA) tokenization platform Securitize announced on Monday that it has received shareholder approval for its merger with special purpose acquisition company (SPAC) Cantor Equity Partners II (CEPT), clearing the final hurdle for its listing on the New York Stock Exchange (NYSE). The merger is scheduled to be finalized on Wednesday, with the combined entity set to begin trading on the NYSE under the ticker 'SECZ' starting Thursday. Following the news, CEPT's stock surged by as much as 20% during trading on Monday.

The UK's Financial Conduct Authority (FCA) has published its final regulatory framework for cryptocurrencies, designed to bring digital assets into the country's established financial system. Under the new rules, exchanges, custodians, and stablecoin issuers will be subject to regulatory standards similar to those in traditional finance. The license application window will open in September of this year and close on Feb. 28, 2027, with the new regime set to take full effect on Oct. 25, 2027. Companies previously registered under anti-money laundering (AML) regulations must obtain a new license, as there will be no automatic conversion. The final framework includes mandatory capital stress tests, stricter insider trading regulations, and simplified collateral requirements for stablecoin issuers. The FCA also plans to hold a separate consultation on decentralized finance (DeFi) guidelines later this year, stating it will take a case-by-case approach and exclude projects deemed truly decentralized—where no specific entity can be identified—from the scope of regulation.

Senior JPMorgan executives have warned that allowing stablecoins to pay interest and generate yield could transform the innovation into a form of shadow banking. In a statement, Umar Farooq, Co-Head of Global Payments, and Peter Muriungi, CEO of Digital Assets and Blockchain Solutions, acknowledged that while tokenization and programmable money offer key innovations in global payments and 24/7 real-time settlement, they believe interest-paying stablecoins risk slipping into the shadow banking system. They emphasized that stablecoins should therefore be subject to the same regulatory standards as traditional bank deposits. Shadow banking refers to non-bank financial systems that perform bank-like credit functions while operating outside the strict liquidity regulations and depositor protection schemes of central banks.

Binance founder Changpeng Zhao (CZ) said the company's application for a license under the Markets in Crypto-Assets (MiCA) regulation in Greece was withdrawn last week due to intervention from unspecified political forces. He claimed the application had met all requirements and was on the verge of approval. In an interview with The Block, Zhao stated that two EU countries had wanted Binance's application, leading to a kind of bidding war, but that there were unfortunately also forces opposing it. He emphasized that the outcome was a loss for both sides. When asked about speculation that European Central Bank (ECB) President Christine Lagarde was involved in blocking the approval, Zhao responded that while he had seen such content online, there were no documents to serve as direct evidence, and Binance had not received any verified documentation.

Tom Lee, chairman of Bitmine (BMNR), said the cryptocurrency market is going through a gloomy period. According to U.Today, he noted in an interview that investor sentiment is at its worst, with public indifference toward Bitcoin and Ethereum, declining Google search volumes, a record-low RSI, and a Fear & Greed Index that is worse than after the FTX collapse. However, Lee emphasized that extreme negative sentiment often precedes a rebound. He stressed the need to focus on opportunities in every bear market, adding that he has often seen prices fail to keep pace with strengthening fundamentals. Lee also identified the artificial intelligence (AI) boom as one of the main reasons for the crypto market's correction but pushed back against claims that crypto investment has collapsed. He added that blockchain is a necessary defense mechanism for a future dominated by artificial intelligence.

The U.S. Supreme Court ruled 6-3 on June 29 that the president has the authority to dismiss commissioners of independent agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), Decrypt reported. The decision stems from a lawsuit filed by Federal Trade Commission (FTC) Commissioner Rebecca Slaughter after President Trump announced her dismissal in March of last year. Slaughter had argued that a dismissal without just cause was improper. Media outlets noted that the ruling grants the president discretion to remove heads of most government agencies, with the exception of Federal Reserve governors. The decision is considered relevant to the crypto industry, as Slaughter's husband is the vice president of policy at crypto venture capital firm Paradigm.

The three major U.S. stock indices closed higher today. - S&P 500: +1.17% - Nasdaq: +2.07% - Dow Jones: +0.59%

The market for loans backed by BTC is stable and evolving to be centered around institutional players, according to an analysis by Silicon Valley Bank (SVB). In a report cited by CoinDesk, SVB noted that BTC is now recognized as a collateral asset that offers immediate liquidation, global trading, rapid settlement, and fungibility. Institutional participation is also expanding, with major U.S. banks beginning to offer BTC-backed lending services. The bank highlighted that the overall crypto-backed loan market has grown by 49% over the past year to reach $67 billion. While the current market for BTC-backed loans to individuals is estimated at around $3 billion, SVB projected it could grow into a $1 trillion market within the next 10 years as liquidity demand from long-term holders increases.