BTC slides as Bitcoin ETFs bleed $696M amid sticky 3.4% PCE
A six-day spot ETF redemption streak worth $696M on June 25, colliding with sticky 3.4% core PCE, has analysts arguing the cycle floor may not be in yet.
Market-moving crypto headlines from the last 24 hours.
A six-day spot ETF redemption streak worth $696M on June 25, colliding with sticky 3.4% core PCE, has analysts arguing the cycle floor may not be in yet.
Hyperliquid's core team is largely Singapore-based, so an MAS alert listing is more than a public warning: it raises the real prospect of a forced relocation from the city-state.
The combined $337M transfer is the largest single-day Coinbase Prime deposit by BlackRock in weeks, signaling continued treasury reshuffling behind the spot ETF complex.
The Maltese Seas founder keeps adding at the same pace he has all month: 86,998 ETH and 973 WBTC pulled from Binance in 30 days at well-below-current prices, a steady accumulation pattern rather than…
Borrowing against tokenized gold without selling the underlying ounce mirrors BTC-collateralized lending and turns XAUT into a productive, not just store-of-value, asset.
Twelve of the 15 protocols Grayscale tracks trade at single-digit revenue multiples. Clearer market-structure rules could pull banks and asset managers onto public chains, and that revaluation case…
BTC down 32%, ETH off 47%, MSTR -43%: the total crypto market cap slid to roughly $2T, a level last seen before Trump's November 2024 election win. Stablecoin dominance is doing the talking now.
The bounce is shallow and the derivatives tape is pointing lower: open interest jumped 6% into the dip, Deribit puts trade at a 30% premium, and $1B in leveraged longs were wiped out in 24 hours.
The headline figure is the unrealized loss, but the structural cost is what a wider STRC discount does to the equity-at-premium flywheel that funded every prior BTC buy.
The preferred is no longer trading as a near-$100 funding instrument, it is being priced like stressed junior credit, and the mNAV premium that once let Saylor sell stock to buy Bitcoin has gone…
BSC took DEX flow, Tron took stablecoins, Bitcoin took collateral, Base took L2 activity, and Hyperliquid took perps. Ethereum's dominance is being chipped away, market by market.
The mid-June difficulty cut confirmed a thesis the floor argument never wanted to accept: Bitcoin can trade well below average cost and the network keeps running, with public miners dumping treasury…
The sign-up bonuses are the surface play. The real prize is a regulated path to keep serving Europe's retail market after July 1, when unlicensed venues must wind down.
The average IBIT holder is now deeper underwater than at any point since launch, and the entry-timing damage is concentrated in the same retail cohort the product was designed to onboard.
The world's largest exchange by volume won't be able to onboard new EU users from July 1, and existing customers in Poland, Italy, Spain and France have been told to withdraw their funds.
The wallets bought at ~$830 in 2017 and watched profits top $150M without selling; capitulating now at less than a fifth of that unrealized peak is a striking behavioral data point for cycle analysis.
With no MiCA license lined up by July 1, Binance is freezing new EU signups and tightening services across the bloc, a setback that hands share to compliant rivals in Europe's largest retail market.
BTC's brief dip dragged aggregate crypto value under the $2T mark, with top-10 altcoins taking double-digit hits and the heaviest losses concentrated in lower-liquidity names.
The stablecoin that was supposed to displace card networks is now riding them: Tether's USDT will plug into Visa's rails across Brazil, the region's largest card market.
Tokyo's SBI is doubling into domestic crypto infrastructure ahead of a reclassification that pulls tokens under the Financial Instruments and Exchange Act, betting consolidation happens before rules…