Why Did Bitcoin ETFs Post Another Negative Week? U.S. spot bitcoin ETFs shed about $527 million over the holiday-shortened week ending Thursday, July 2, extending their weekly outflow streak to 8 consecutive weeks and setting the longest negative run in the category’s history. The drawdown came across only 4 trading sessions, with U.S. markets closed
How Did the Belgian Phishing Network Operate? Belgian authorities arrested a 19-year-old suspected of playing a key role in a European phishing and money-laundering network that stole more than 500,000 euros, or about $572,000, through fake government communications and remote-access software. The suspect was detained in an Airbnb in Antwerp, where police also found a
Why Is A7A5’s Trading Activity Being Challenged? A dispute is widening between A7A5, a sanctioned ruble-backed stablecoin issuer, and blockchain analytics firms over how much of the token’s reported activity reflects genuine market usage. A7A5, a Russian cross-border stablecoin designed to support payments outside Western financial channels, says it averages about $205 million in daily
Why Is Upbit Distancing Itself From Open USD? South Korean crypto exchange Upbit said it is not participating in the issuance of Open USD, pushing back after its operator Dunamu was listed among more than 140 businesses involved in the new dollar-backed stablecoin initiative. The exchange said its involvement had been overstated and framed its
Why Are Bitcoin Exchange Deposits Raising Concern? Bitcoin deposits to exchanges have surged to levels seen only a handful of times this year, a pattern that has historically preceded sharper volatility and larger directional moves across the crypto market, according to CryptoQuant. Daily bitcoin deposits climbed to nearly 49,000 BTC on June 30, close to
Why Is Bitcoin’s Realized P&L Ratio Drawing Attention? Bitcoin’s realized profit and loss ratio has fallen to a 43-month low of -0.35, placing the market in one of its deepest realized-loss phases since the collapse of FTX in late 2022. The realized P&L ratio measures the net share of bitcoin supply being moved in profit
Why Does ESMA’s Latest MiCA Update Matter? The European Securities and Markets Authority has published its first update to the EU crypto company register after the Markets in Crypto-Assets Regulation transitional period ended Wednesday, adding 37 licensed crypto-asset service providers to the bloc’s formal oversight list. The Friday update brings ESMA’s interim MiCA register to
Solana has launched an onchain governance system that allows validators and delegators to vote on major network decisions through stake-weighted ballots, marking a significant shift in how the high-performance blockchain coordinates protocol direction. The new process, called Solana Governance Proposals, or SGPs, is designed to give the validator set a formal mechanism for signaling support
Cloudflare has opened the waitlist for its Monetization Gateway, a new stablecoin-based payments product that will allow customers to charge for digital resources behind Cloudflare’s network. The product is designed to let publishers, developers and data providers monetize web pages, APIs, datasets, files and Model Context Protocol tools without building their own payment infrastructure. Cloudflare
Bitcoin briefly reclaimed the $61,000 level after buyers stepped back into the market following a late-June selloff that pushed the world’s largest cryptocurrency below $60,000. Live market data showed Bitcoin reaching an intraday high of about $61,030 before easing back toward $60,182. The move marked a rebound from an intraday low near $58,279, suggesting that