Crypto
AI Summary
- Binance faces significant regulatory challenges in the EU, including being booted from the bloc, with the upcoming MiCA deadline impacting its operations and leading to substantial net outflows as Coinbase and OKX attempt to capture its users.
- The broader crypto market is experiencing a downturn, with Bitcoin falling below $60,000 and showing signs of capitulation, while crypto-related stocks like Strategy's STRC also see sharp declines, drawing parallels to a deepening tech stock bear market.
- The intersection of AI and crypto is a growing theme, with ventures like Framework Ventures raising substantial funds for investments beyond crypto into AI and robotics, and new initiatives like Akrites launching to defend open-source code against AI-powered attacks.
- Stablecoins are under scrutiny from global financial watchdogs like the BIS, which warns of potential fragmentation of the global financial system, while issuers like Tether are exploring innovative uses for their reserves, such as bullion-backed loans.
- Despite market volatility and regulatory headwinds, institutional interest in tokenization remains strong, exemplified by Securitize's anticipation of a significant funding round ahead of its public debut, and projects like Aave showing strong performance, with some analysts predicting substantial future gains.
Sources
Cointelegraph
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Binance booted from EU, EthLabs rises up to save Ethereum: Hodler's Digest June 14-28
3 hours ago
by Cointelegraph by Andrew Fenton
FeaturesBitMine and Joe Lubin back a new non profit called Ethlabs that aims to spur adoption. Binance shutters services in Europe after failing to secure a license.
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Here’s what happened in crypto today
5 hours ago
by Cointelegraph by Cointelegraph
Latest NewsNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
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BIS warns stablecoins risk fragmenting global financial system
7 hours ago
by Cointelegraph by Robert Lakin
Latest NewsThe Basel-based institution said that private digital tokens fall short of the requirements for sound money and urged policymakers to accelerate work on tokenized forms of central bank and commercial bank money.
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Will Bitcoin price recover in July?
10 hours ago
by Cointelegraph by Yashu Gola
MarketsBitcoin’s past July gains and heavy short bets point to a rally toward $75,000, but a break below key support keeps the risk of $55,000 in play.
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EU watchdog EBA details big crypto fines as landmark laws bite
10 hours ago
by Cointelegraph by Robert Lakin
Latest NewsThe European Banking Authority laid out a proposed penalty framework on Friday that can strip non-compliant significant token issuers of up to 12.5% of their annual revenue.
CoinDesk
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CZ wants to make the U.S. the 'capital of crypto': State of Crypto
7 hours ago
by Nikhilesh De
Policy, Newsletters, State of Crypto, NewsThe Binance founder shared his views on a variety of topics in an exclusive interview with CoinDesk earlier this month.
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Samson Mow says bitcoin bottom is in despite skepticism from analysts
11 hours ago
by Olivier Acuna
Markets, Bitcoin News, NewsThe bitcoin advocate said his crypto bottom claim is based on the fact that the traditional four-year halving cycle has changed, although several analysts continue to expect further downside.
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Michael Saylor teases more bitcoin buying even as Strategy stock continues to fall
11 hours ago
by Olivier Acuna
Markets, MicroStrategy, Bitcoin News, NewsThe crypto bull shrugged off market skepticism by sharing a chart of the company's $50 billion stash and teasing that they are going to need more data points.
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SBI's $289 million Bitbank deal is symptomatic of Japan's crypto consolidation: Architect Partners
11 hours ago
by Will Canny
Finance, mergers and acquisitions, SBI Holdings, Bitbank, Architect partners, Japan, NewsThe investment bank said the purchase of Japanese crypto exchange Bitbank is a bet on regulated scale as sweeping reforms reshape the country's digital asset market.
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Crypto's next frontier isn't crypto, it's financing AI and robotics, Framework's Anderson says
13 hours ago
by Krisztian Sandor
Finance, Tokenization, DeFi, Fundraising, Artificial Intelligence, Exclusive, NewsBlockchain is becoming the financial layer for capital-intensive industries rather than just crypto-native speculation, Michael Anderson, the crypto venture firm's cofounder, said.
Decrypt
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The Future Cyberpunk Imagined Is Here: How Much Did It Get Right?
13 hours ago
by Jason Nelson
Long ReadsFrom AI to brain implants, cyberpunk got more right than many people realize. Its biggest prediction, however, wasn't the technology.
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The Stablecoin Founder Map Doesn't Match the Stablecoin Volume Map
a day ago
by Alex Witt
OpinionEmerging markets drive most real-world stablecoin usage, yet founder concentration and venture funding remain U.S.- and Europe-centric.
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Billionaire Jeremy Grantham Dismisses Bitcoin, Says Crypto Will Fade 'With a Whimper'
a day ago
by Logan Hitchcock
MarketsThe seasoned investor has little faith in Bitcoin's staying power, expecting crypto to quietly fade away over time.
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Wall Street's Next Tokenization Test: BlackRock-Backed Securitize's Market Debut
2 days ago
by André Beganski
BusinessSecuritize expects to begin trading next week under the ticker symbol “SECZ,” following the completion of a merger with a blank-check firm.
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Linux Foundation, Tech Giants Launch Akrites to Defend Open Source Against AI-Powered Attacks
2 days ago
by Jose Antonio Lanz
CoinsA coalition of 19 organizations—including every major AI lab and Wall Street banks—just built the security team that open-source maintainers never had.
AMBCrypto
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Why Sonic’s 558% volume spike could be more than a relief rally
an hour ago
by Lennox Gitonga
Altcoin, News, Social, Trading ViewExamining whether the strategy of suspending annual token inflation will stabilize Sonic's price in the long term.
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‘Sale of…’ – Inside Grayscale’s plan to erase Strategy’s $14B unrealized loss
2 hours ago
by Ishika Kumari
Bitcoin, News, Social, Trading View, ambcryptoWhy Pandl believes that a sale of more than or equal to $3 bln BTC will help Strategy get back on track?
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Crypto market’s weekly winners and losers – VELVET, BEAT, WLD, XLM
4 hours ago
by Ritika Gupta
News, Social, Trading View, ambcryptoHere's a look at how some of the market's most popular cryptocurrencies performed over the past week.
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RaveDAO: Why RAVE’s 20% rally has a KEY difference this time
5 hours ago
by Olayiwola Dolapo
Altcoin, News, Social, Trading View, ambcryptoRAVE's rally is winning support across the market.
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XRP enters historic oversold zone after $3M liquidations – Can the price recover?
7 hours ago
by Muriuki Lazaro
News, Ripple, Social, Trading View, ambcryptoXRP enters a critical phase as market conditions continue to evolve.