The overall market cap is holding at $2.2 trillion, with the majority of the assets facing a tide of red. The market has yet to fully recover from the recent downtrend. Although recovery efforts are ongoing, momentum is not picking up sufficiently to escape the prevailing fear and cautious sentiment.
The CEO of Coinbase, Brian Armstrong, severely criticized the upcoming Illinois’ crypto tax law, noting that it could be detrimental to blockchain innovation and employment. Specifically, Armstrong noted that such legislation could force blockchain innovation away from Illinois, creating extra complications for those who develop products based on blockchain technology.
The broader crypto market sentiment is in the fear zone, with the Fear and Greed Index value settled at 21. All the major digital assets are charted in red. Among them, Pudgy Penguins (PENGU) have recorded a loss of 5.96% in value, as per CMC data. The asset’s lowest and
Binance is looking to obtain a MiCA license across Europe using France as the gateway. This came as a following apparent setback in Greece. The opposition of the application appears to have been spearheaded by The President of the European Central Bank, Christine Lagarde. In addition, there have been reports
Calais (Calais Digital Assets), a multi-strategy quantitative investment fund with its headquarters in Singapore, has become the first institutional client to deploy UBS uMINT as off-exchange settlement (OES) collateral in active trading operations. This achievement represents a significant milestone in the adoption of institutional-grade tokenized assets in the real world.
Whale activity on the Ethereum network has seen a sharp decline, with large transactions dropping from 2,194 on June 5 to 294, marking an 86.6% decrease. Large transaction counts are used as a proxy for institutional and high-net-worth investor activity, making the sudden slowdown a notable development for the market.
After being silent for about a week, wallet 0x6436 has returned and is grabbing another large chunk of HYPE tokens. The wallet withdrew 88,350 HYPE, or about $6.41 million, from exchanges in the most recent action, increasing its total accumulation to 1.23 million HYPE, or about $85.34 million. When the
Bitcoin’s recent price action has shifted the liquidity landscape. During the decline below $60K, a significant amount of downside liquidity was absorbed as stop-loss orders and leveraged positions were cleared from the market. With the February low now swept, much of the immediate selling pressure beneath current prices has been
Bybit, the second-largest cryptocurrency exchange in the world based on trading volume, has announced the launch of a new prize pool of 30,000 USDT in order to promote the integration of AI agents in a secure manner. During the period beginning on June 16 and ending on July 15, the
SPX6900 (SPX) was listed on South Korea’s Upbit and the second-largest exchange, Bithumb. It is currently trading at around $0.3853, after a surge of over 12.8%. If the current momentum sustains, the asset could likely break the higher crucial ranges. Besides, the asset’s market cap is stationed at $356.08 million,
