US Senator Calls for Ban on Elected Officials Issuing Memecoins

Senator Kirsten Gillibrand, one of the US lawmakers behind negotiations for a digital asset market structure bill in Congress, has proposed barring elected officials and the president from issuing or sponsoring their own tokens, citing President Donald Trump’s and First Lady Melania Trump’s memecoins. In a Friday notice, Gillibrand said that Congress should support measures…

Bitcoin Eyes Independence Day at New July High as 200-week Trend Line Nears

Bitcoin (BTC) saw new July highs on Friday as bulls kept pushing over the US holiday period. Key points: Bitcoin sustains upside momentum as BTC price action nears its 200-week moving average. That trend line now forms the centerpoint of a “strong resistance area.” Global equities hit record levels as Fed rate-hike odds simmer on…

Zcash Ironwood Timeline Pressured by Software Migration

Shielded Labs has raised the possibility of delaying Zcash’s Ironwood network upgrade, warning that ecosystem participants like exchanges, mining pools and wallets may not have enough time to prepare their systems for the planned activation in late July.  Jason McGee, executive director of Shielded Labs, said in a Zcash community forum post that two major…

EU Enters MiCA Enforcement Phase for Crypto Companies

The European Union’s cryptocurrency industry has entered a new enforcement phase as the transition period under the Markets in Crypto-Assets (MiCA) regulation came to an end. The end of the transition means crypto companies without MiCA authorization can no longer legally serve EU clients and are expected to wind down operations or face multimillion-euro fines…

Bitcoin Can Still Go Lower as Supply Metric Prints First ‘Buy’ Signal in 4 Years

Bitcoin (BTC) has added another bear-market bottom signal this month as analysis draws comparisons to November 2022. Key points: Bitcoin adds to its list of bear-market bottom signals with a key supply ratio “buy” trigger. A bear-market floor could still be some time off, analysis says, with supply held at a loss still relatively low….

Upbit Says It Isn’t Participating in Open USD Issuance

South Korean crypto exchange Upbit said it is not participating in the issuance of Open USD, after its operator Dunamu was named among more than 140 businesses involved in the new stablecoin initiative.  “Upbit has only indicated our potential willingness to consider taking part in the future expansion of the OpenStandard ecosystem,” an Upbit spokesperson…

RBI Backs Crypto Containment as India Prepares Policy Report

The Reserve Bank of India (RBI) reportedly backed a containment strategy for digital assets to shield banks and other financial institutions from exposure to crypto and privately issued stablecoins, as lawmakers prepare a report on the country’s digital asset policy.  According to a report by The Economic Times, RBI Deputy Governor Rohit Jain and Executive…

Bitcoin ETFs Rebound as Fidelity Leads Inflows

US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their first daily net inflow above $200 million since early May, snapping weeks of sustained withdrawals. The funds attracted $221.7 million in net inflows on Thursday, according to SoSoValue data, ending a 10-day streak of net outflows that totaled more than $2.7 billion. The rebound follows one of…

Live updates: More bitcoin is now held at a loss than at a profit

Roughly 10.83 million BTC are currently held at a loss, meaning their holders paid more than today’s price, against 9.22 million still in profit, according to Glassnode data. It is the first time loss-making supply has overtaken profitable supply since the current cycle began and reflects how deep the correction from bitcoin’s $109,000 January peak…

Yield-Bearing Stablecoins Lose $3.5B in Q2

Yield-bearing stablecoin supply fell by more than $3.5 billion in the second quarter of 2026, reversing nearly three years of quarterly growth as crypto-native products contracted and Treasury-backed tokens expanded.  Crypto exchange CEX.IO reported Thursday that the category declined by 15% during Q2. Ethena’s sUSDe lost 52% of its supply, shedding nearly $2 billion, while…