Bitcoin Realized Losses Join A Growing Number Of Early BTC Price Bottom Signals

Bitcoin (BTC) “cycle peak buyers” could already be pointing the way to the next bear-market bottom. Key points: Bitcoin hodlers who bought BTC one to two years ago are cooling selling pressure. The cohort’s realized losses have led to market bottoms once their uptrend reverses, Glassnode data shows. Speculators’ cost basis reinforces the next BTC…

Live updates: ZachXBT calls hardware wallets complete garbage; BTC steady after Korea rate hike

Blockchain investigator ZachXBT came down heavily on hardware wallets. BTC traded steady near $65,000 after South Korea’s rate hike. Source link

Japan Brings Crypto Under Financial Market Rules

Japan is set to reshape its cryptocurrency market with stricter trading rules, stronger user protections and a framework closer to traditional finance. The country’s parliament on Wednesday passed revisions that classify crypto assets as financial assets under Japan’s Financial Instruments and Exchange Act (FIEA), according to a report by local news agency Nikkei. The changes…

Bitcoin ETFs Reverse Gains With $424 Million Outflow

US-listed spot Bitcoin exchange-traded funds (ETFs) returned to outflows, reversing the previous week’s short-lived return to positive flows. Spot Bitcoin ETFs recorded $424.66 million in net outflows on Monday, marking their biggest single-day withdrawal in July so far, according to SoSoValue data. The latest outflow reversed last week’s $197.4 million new inflows, which had briefly…

Base creator Jesse Pollak pivots after admitting social strategy failed

Coinbase’s Jesse Pollak said he is stepping back from leading the Base app after acknowledging that his bet on an onchain social economy failed to drive crypto adoption as he had expected. The Base creator said he had spent the last two years betting that builders and onchain-native social experiences, including Farcaster, Zora, mini apps…

US Senator Blasts AG Nominee for ‘Dismantling’ DOJ Crypto Unit, Trump’s CZ Pardon

Acting US Attorney General Todd Blanche faced backlash Wednesday over the Justice Department’s (DoJ) enforcement of crypto-related crimes and other actions as President Donald Trump’s former personal attorney appeared before a Senate hearing considering his nomination to lead the agency. The ranking Democrat, Senator Dick Durbin, used part of his opening statement at the Senate…

Bitcoin Gets Second Inflation Boost as US PPI Sparks Three-Week Highs

Bitcoin (BTC) saw three-week highs on Wednesday as US inflation data beat expectations for a second day. Key points: Bitcoin sees copycat bullish price action as US inflation data cools for a second day running. Risk assets get a more positive outlook as Fed rate-cut odds drop. Traders stay conservative over Bitcoin’s ability to continue…

Is Robinhood Chain’s Success Bullish or Bearish for ETH?

Robinhood Chain’s explosive launch this month has reignited one of Ethereum’s longest-running debates: Do successful layer-2 networks increase demand for ETH, the asset, or do the new entrants capture all of the value for themselves? The retail brokerage’s Arbitrum-based Ethereum L2 has become one of Ethereum’s busiest rollups since its launch on July 1. More…

AMLA Warns Customer Migration Could Strain Compliance at Licensed CASPs

Mass user migration following the end of the Markets in Crypto-Assets Regulation (MiCA) transitional period could strain compliance at virtual asset service providers (VASPs) in the European Union, according to Bruna Szego, chair of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA).  “Because we know customers will rush to withdraw, this…

The privacy paradox of protecting kids online

In Utah, which passed State-Endorsed Digital Identity (SEDI) legislation, Cardano Foundation-built Veridian has already shown that digital identity can be delivered in a privacy-preserving way, allowing users to prove that they are over or under a specific age without exposing any other data. It’s a working model of what responsible verification can look like and…