24/7 Blockchain industry dynamics and breaking crypto news
The Coinbase Premium Index has remained negative for 46 consecutive days, signaling weak buying pressure from U.S. institutions as Bitcoin prices on Coinbase lag behind global exchanges. This coincides with sustained outflows from spot Bitcoin ETFs, indicating a cautious wait-and-see stance among major investors.
Read MoreIran's Revolutionary Guard Navy issued a stern warning, mandating all vessels transiting the Strait of Hormuz to coordinate passage via Channel 16 and use only Iran-designated routes. Unauthorized transit plans are deemed "unacceptable and dangerous," with violators facing direct military action, reinforcing Iran's control over the critical global oil chokepoint.
Read MoreWTI crude oil has breached the key $70 per barrel level, its first drop below this threshold since March. This article analyzes the macroeconomic pressures, shifting supply-demand dynamics, and market sentiment driving the sell-off, offering insights into potential future price movements.
Read MoreOn-chain data reveals a whale address sold 2,409 ETH at an average price of $1,569.5 during overnight lows, incurring an estimated $220,000 loss. The tokens were purchased just one day prior at higher prices. This marks the second similar high-buy-low-sell move by this address within three months.
Read MoreAsian markets opened higher on June 25th, led by strong gains in semiconductor stocks. Japan's Nikkei 225 rose 1.4% to 70,114.09, while South Korea's KOSPI jumped 2.9%. SK Hynix soared 11% and Samsung Electronics gained 5%, highlighting the tech sector's momentum.
Read MoreOn-chain data shows trader James Wynn closed a 40x leveraged Bitcoin short, securing a $30K profit. He then pivoted swiftly, opening a new 50x leveraged short position on the S&P 500, signaling a bearish bet on US equities.
Read MoreOn June 25, shares of two major Korean semiconductor companies surged significantly, with SK Hynix soaring 11% and Samsung Electronics rising 5%. This strong market performance highlights renewed investor interest in the semiconductor sector and its potential drivers.
Read MoreThe KyberSwap exploiter has transferred another 2,000 ETH through a decentralized mixer, according to PeckShield. Over two years, the attacker has laundered over 16,100 ETH (worth ~$40M), accounting for more than 80% of the total stolen in the November 2023 exploit, with some funds still remaining.
Read MoreCoinbase has officially obtained a MiCA license from Luxembourg, designating it as its EU compliance hub. This move solidifies the platform's regulatory standing under the EU's crypto framework, aiming to provide compliant services to users across the bloc.
Read MoreKalshi is reportedly in talks for a new funding round targeting a valuation of $40 billion, following a recent $22 billion raise. Trading volume surged to over $17 billion last month, driven largely by sports-related prediction contracts.
Read MorePolymarket prediction markets are now accessible directly within Telegram via the TON-based ‘Predict’ app. Users can trade on sports, politics, crypto, and more using TON-based USDT, with on-chain settlement and full asset control, all without leaving the messaging app.
Read MoreSonic has announced it will not issue the planned annual supply of $S tokens this year and is exploring a shift to a deflationary model. The move addresses community concerns, with validator rewards being the key challenge to resolve for network security.
Read MoreMarket data indicates a 65.8% probability the Fed will hold rates steady in July, signaling a likely pause. Expectations for September remain more divided, reflecting ongoing economic uncertainty. This analysis breaks down the latest forecasts and their implications.
Read MoreOvernight market roundup: Coinbase launched tech-stock perpetual futures, OpenAI partnered with Broadcom on AI chips. A blockchain prediction platform secured $20M funding, while a major investment firm's stock dipped below $100. U.S. Treasury yields fell, and a Hong Kong money laundering case involved Bitcoin transaction claims.
Read MoreA recent House hearing centered on the Federal Reserve's proposed 'limited-purpose accounts,' which could grant some fintech and crypto firms restricted access to its payment systems. The debate pits traditional banks against emerging firms over risks, regulation, and innovation.
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