SEC to propose tokenized stock framework as Wall Street efforts deepen: Bloomberg

The U.S. Securities and Exchange Commission is reportedly poised to release a major crypto proposal as it seeks to institute its digital assets agenda. Source link

3 Factors May Send Bitcoin Price Back To $80K

Key takeaways: Aggressive Bitcoin buying by Strategy helped to offset the recent leveraged long liquidations. Rising bond yields and a heavy US government debt burden are driving investors toward scarce assets. A potential deal between the US and Iran could quickly restore traders’ risk appetite. Bitcoin (BTC) faced a rejection following a failed attempt to…

Ether Bears Take Control With Drop to $2K: What Will Stop ETH Price Crash?

Ether (ETH) dropped sharply after rejection at $2,400 last week, dropping as low as $2,100 on Monday, indicating that bears are back “in control,” according to new analysis. Key takeaways: Ether drops 12% after rejection at $2,400 as bears regain control. Binance sell pressure and ETF outflows signal weak ETH demand. Analysts warn ETH/USD could fall…

Minnesota Legalizes Crypto Custody Services for Banks, Credit Unions

Minnesota-based banking institutions and credit unions are set to offer some crypto custody services beginning in August. On Friday, Governor Tim Walz signed House File (HF) 3709 into law, permitting “certain virtual-currency custody services to be offered and performed” by financial institutions in the US state. One of the original sponsors in the Minnesota House…

Silicon Valley Firm’s ‘Massive HYPE Buy’ May Trigger 55% Hyperliquid Rally

Hyperliquid DEX’s native token, HYPE, is showing potential for a 55% rally after a wallet reportedly tied to Silicon Valley-based venture capitalist, a16z, accumulated $90.87 million worth of tokens in just over a month. Key takeaways: HYPE’s three-day chart shows a potential cup-and-handle breakout, with the neckline sitting near $45–$47. ETF launch, Coinbase-Circle USDC roles,…

Strategy Boosts Bitcoin Holdings With $2B Purchase

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, made another massive BTC acquisition last week as the crypto asset hovered around $80,000. Strategy acquired 24,869 Bitcoin (BTC) for $2.01 billion between May 11 and 17, according Monday’s 8-K filing with the US Securities and Exchange Commission. Source: SEC The purchases were made at an…

Tom Lee Says Oil Prices Are Ethereum’s Biggest Headwind

Rising oil prices since the US-Israeli war have been a consistent weight on the price of Ether for the last three months, according to Fundstrat co-founder Tom Lee.  “If one is wondering why Ethereum has been under selling pressure … to me, rising oil prices is the biggest headwind,” Lee said on X on Monday….

Ex-OpenAI's Leopold Aschenbrenner bets big on crypto miners for his $13.6B AI play

Aschenbrenner is shorting Nvidia and AMD in favor of bitcoin miners that own the electricity and data centers needed to fuel the next phase of the AI boom. Source link

South Korea FSC Reportedly Reviews Hana Bank Dunamu Stake

South Korea’s financial regulator is reportedly reviewing Hana Bank’s planned $668 million purchase of a 6.55% stake in Dunamu, the operator of the largest domestic cryptocurrency exchange, Upbit. Local outlet iNews24 cited an unnamed Financial Services Commission official to report that regulators are examining whether Hana Bank’s share purchase from Kakao Investment, rather than directly…

XRP Price May Grow 15x Amid ‘Quiet Accumulation:’ Analyst

XRP (XRP) may go on a 10x–15x rally from its “quiet accumulation” zone, according to analyst Crypto Patel, who says the muted price action resembles the calm before its major breakout in late 2024. Key takeaways: XRP’s lack of retail hype may lead to a rally toward $5, $10 and $15 targets. XRP’s current $1.00–$0.70…