Coinbase (COIN) news: Base blockchain resumes after two-hour outage disrupted network

Coinbase-backed Ethereum layer-2 network Base resumed block production Thursday after a disruption of roughly two hours that halted the blockchain. In an update, the Base team said the chain has resumed working and internal nodes were syncing correctly, though it continues to investigate the root cause of the incident. The team also advised ecosystem node…

Bitcoin Below $59K Activates Multiple Setups With $54K BTC Price Target

Bitcoin (BTC) dropped below $60,000, a key psychological support, on Thursday as losses in megacap technology stocks weighed on investors’ broader risk appetite, adding pressure to an already fragile crypto market. BTC/USD vs. Nasdaq and S&P 500 daily performance chart. Source: TradingView The decline has triggered a classic bearish reversal setup that may push the…

SBI Expands Digital Asset Push With Bitbank Acquisition

Japan’s SBI Holdings has signed agreements to acquire full control of crypto exchange Bitbank through a 46.7 billion Japanese yen ($289 million) transaction, advancing a deal first disclosed in May that would create the country’s biggest crypto exchange. On Thursday, SBI said that its wholly owned subsidiary SBICAH will acquire shares from Bitbank CEO Noriyuki…

MiCA Rules Force Binance EU Service Restrictions

Binance has notified European Union users that access to key services will be restricted after the exchange failed to secure Markets in Crypto-Assets (MiCA) authorization from a member state before a July 1 deadline. Those restrictions include halting the onboarding of new EU users and limiting certain services for EU-based accounts effective July 1, according…

Strategy’s MSTR Stock Flashes Dot-Com-Era Setup That Preceded 99% Plunge

Michael Saylor’s Strategy (MSTR) is testing a technical setup that last appeared before the stock’s 99% collapse during the dot-com bubble burst in the early 2000s. Key takeaways: MSTR is testing a monthly head-and-shoulders setup similar to the one that preceded its dot-com-era collapse. Strategy’s shrinking cash reserve and rising dividend obligations are increasing dilution…

Iran-linked Entities Moved $3.8B Through CoinEx Exchange: TRM

Wallets with identifiable links to sanctioned Iranian entities have moved over $3.84 billion through cryptocurrency exchange CoinEx since 2019, making it one of the main channels used to bypass US economic sanctions, according to blockchain analytics company TRM Labs. About 60 Iranian platforms were tied to the funds, with $2.7 billion of this flowing between…

Forget max pain. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry

Bitcoin’s BTC$61,671.79 price drop ahead of Friday’s quarterly options settlement has once again cast doubt on the popular “max pain theory.” The max pain level for this expiry stands at $72,000, significantly above current spot prices of around $61,700. On Friday at 8:00 ET, options worth $10 billion will expire on Deribit, the world’s largest…

Indonesia Joins Global Crackdown on Financial Influencers

Indonesia’s financial regulator has introduced certification requirements for influencers who recommend crypto and other digital financial assets, as the country expands oversight of financial promotions on social media. Under Financial Services Authority Regulation No. 6 of 2026, announced Wednesday, individuals recommending digital assets must obtain competency certifications unless they are already subject to a separate…

Bitcoin Daily Close Shifts Focus to $530M Bid Cluster Below Price

Bitcoin (BTC) has fallen 3% over the past 24 hours, trading into a dense buy-side liquidity zone after slipping below $61,000. More than $525 million in buy bids initially stacked between $60,500 and $61,500 created a key area of demand as liquidation risk builds on both sides of the market. BTC’s orderbook data shows concentrated…

FTX Exec’s wife Scheduled for November Trial on Campaign Finance Charges

Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame, who is serving a 7.5-year prison sentence after reaching a plea agreement with prosecutors, is scheduled to stand trial in November following delays stemming from motions related to her husband’s plea deal. On Wednesday, Judge George Daniels in the US District Court for…