Market news
Crypto, stocks, forex and macro, aggregated for traders.
Fed Holds Rate Steady, Bitcoin Volatile at First Warsh FOMC
The US Federal Reserve left its key interest rate unchanged at 3.5-3.75%, matching market expectations. Bitcoin showed volatility following the decision, which was the first FOMC meeting chaired by new Fed Chair Kevin Warsh.
Strategy's $1.5B Debt Payoff Hits Preferred Stock STRC, Dividends at Risk
Strategy paid off $1.5B in debt, reducing its cash cushion for STRC preferred stock dividends to about 7 months. STRC closed at $91.79, well below par, while rival Strive's SATA offers daily dividends and zero debt.
Fed Holds Rates at 3.5-3.75% as Expected; Bitcoin Volatile
The US Federal Reserve kept interest rates unchanged at 3.5-3.75%, matching market expectations. Bitcoin reacted with volatility during the first FOMC meeting chaired by new Fed Chair Kevin Warsh.
Crypto Roundup: Bitcoin Consolidation, US CBDC Ban, Hyperliquid OI Hits $10B
Bitcoin consolidates as the US bans CBDC until 2030, Hyperliquid reaches $10B in open interest, and memecoin activity plummets on Pumpfun.
Moody's Expands Token Integration Engine to Solana for On-Chain Credit Ratings
Moody's Ratings has expanded its Token Integration Engine to the Solana blockchain, allowing credit ratings to be integrated and machine-readable on a public blockchain for the first time.
US Congress Advances Bill Banning Fed CBDC Until 2030
The US Senate and House have agreed to advance the 21st Century ROAD to Housing Act, which prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) until December 31, 2030. Private stablecoins are exempt from the restriction.
Hyperliquid Open Interest Tops $10B, Now Third-Largest Perps Platform
Hyperliquid's open interest has surpassed $10 billion, making it the third-largest perpetual futures exchange, according to a Talos report. Growth was driven by traditional asset markets and third-party DEXs under HIP-3.
US Gaming Associations Urge Senate to Ban Sports Prediction Markets Under GENIUS Act
The American Gaming Association, Indian Gaming Association, and Association of Gaming Equipment Manufacturers have called on the U.S. Senate to ban prediction markets linked to sports and gambling as part of the GENIUS Act, arguing they circumvent state laws and consumer protections.
Binance Disputes Report of Imminent MiCA License Rejection in Greece
Binance pushes back against a Reuters report claiming Greek regulators are poised to deny its MiCA crypto license, saying its application has been deemed compliant and that a final decision is pending.
Bitcoin Sharpe Ratio Hits -20, Historically Marking Price Bottom
Bitcoin's Sharpe ratio dropped to -20 on June 11, a level that historically signals a price bottom and the start of accumulation. Exchange reserves fell by 80,000 BTC since February, while long-term investors doubled their buying pace.
US Congress Deal Pauses Fed CBDC Until 2030
The US Congress has reached a bipartisan agreement on a major housing bill that includes a provision prohibiting the Federal Reserve from issuing a central bank digital currency until 2030.
US-Iran Deal Boosts Crypto Market, Analysts See Consolidation Ahead
A reported US-Iran agreement has lifted cryptocurrency prices, though analysts expect consolidation. Other news includes record HYPE-ETF volume, Grayscale's AI demand forecast, and a Supreme Court ruling on crypto theft.
BlackRock Lists Bitcoin Premium Income ETF (BITA) on Nasdaq
BlackRock has launched the iShares Bitcoin Premium Income ETF (BITA) on Nasdaq, combining spot Bitcoin exposure with covered call option selling to generate monthly income.
Michael Saylor Unveils 'Digital Asset Stack' with Five Layers
Michael Saylor, founder of Strategy, introduced a five-layer 'digital asset stack' comprising digital capital (bitcoin), digital credit, digital money, digital yield, and digital capital (equities).
Analysts Split as Bitcoin Rally Lacks Buyer Engagement
Despite a slight boost from US-Iran deal news, Bitcoin's recovery to $66k is dismissed by Wintermute as a bear-market rally while Swissblock notes record-low buyer involvement.
Russia's Supreme Court Adds Digital Ruble, Digital Currency to Theft List
The Supreme Court of Russia has updated its 2002 ruling on judicial practice for theft, robbery, and burglary to include digital rubles, digital rights, and digital currency as items of theft.
Sociologist Vadim Volkov Discusses Anarchism's Influence on Blockchain, Crypto, and DAOs
In a podcast interview, sociologist Vadim Volkov explores the historical roots of anarchism and how classical anarchist ideas have shaped the development of blockchain technology, cryptocurrencies, and decentralized autonomous organizations (DAOs).
Grayscale Research Chief: US Block on Anthropic Highlights Need for Decentralized AI
Zach Pandl, head of research at Grayscale, says US authorities blocking Anthropic's AI models underscores the importance of decentralized AI like Bittensor, which he likens to 'Bitcoin for AI'.
BoJ Hikes to 1%, Bitcoin Unfazed as Playbook Changes
The Bank of Japan raised rates to 1.0%, yet Bitcoin remained near $66k, contrasting the sharp drop in August 2024. Four factors explain why the impact was muted this time.
Bitcoin Approaches $66K, Strategy Acquires 1,587 BTC, Ethereum Post-Quantum Proposal
Bitcoin price nears $66,000 as Strategy buys 1,587 BTC for $100 million. Ethereum proposes post-quantum account protection costing $0.07. ESMA orders non-MiCA crypto platforms to leave the EU.
Michael Saylor: Bitcoin Has 'Already Won' Despite Strategy Selling
In an interview at BTC Prague, Michael Saylor defended Strategy's Bitcoin sales, calling critics hypocrites and asserting that Bitcoin has 'already won.'
MicroStrategy Buys 1,587 BTC, Boosts Holdings to 846,842 BTC
MicroStrategy purchased 1,587 Bitcoin for $100 million, raising its corporate Bitcoin reserve to 846,842 BTC. The company also added $100 million in fiat, bringing its cash holdings to $1.1 billion.
Daily Crypto Roundup: Bitcoin Breaks $65K, Strategy Acquires More BTC
Bitcoin climbed above $65,000 on reports of a U.S.-Iran peace deal. Strategy acquired another 1,587 BTC, Kraken launched US perpetual futures, and more.
Bitcoin’s four-year halving cycle influences market psychology
Analysts observe recurring Bitcoin price patterns tied to halvings, forming a so-called four-year cycle that shapes trading strategies and investor behavior.