Bitcoin Taps $60K As Investors Grapple With Rate Hike, Record ETF Outflows

Key takeaways: Persistent spot Bitcoin ETF outflows and US dollar strength reduce the odds of a quick bounce to $65,000. Strong AI sector earnings momentum and higher fixed-income returns pull capital from Bitcoin and gold. Bitcoin (BTC) reacted positively to US Federal Reserve Chair Kevin Warsh’s remarks on stubborn inflation. Despite the gains on Wednesday,…

Democrat Supported by Ripple Co-founder’s PAC Wins in Colorado

Manny Rutinel, a Democratic candidate running to represent Colorado’s 8th congressional district, has won his party’s primary and will head to the November election after being supported by a crypto-aligned political action committee (PAC). Early on Wednesday, Rutinel reported that he would be the Democratic nominee for Colorado’s 8th district, having won with 61.7% of…

Robinhood (HOOD) rolls out public blockchain as it expands deeper into crypto

Beyond the Robinhood Chain ecosystem, the company announced several additional product launches and international expansion efforts. Robinhood said it is expanding perpetual futures trading in Europe to include commodities, ETFs and foreign exchange markets alongside crypto. It also plans to launch crypto trading in the U.K. and said its services are now available in Canada…

Bitcoin “Perfects” Its First TD9 Downtrend Reversal Signal Since 2022 Bear Market

Bitcoin (BTC) has delivered a key trend change setup in the latest sign that the macro downtrend could soon reverse. Key points: Bitcoin is seeing its first “perfected” TD9 indicator downtrend setup on monthly time frames since mid-2022. While not a “buy signal” on its own, the move marks a key inflection phase in the…

Bank of Korea Governor Calls for Tokenized Government Bonds

Hyun Song Shin, the governor of the Bank of Korea, praised tokenization for its ability to simplify the issuance and management of government bonds. Shin said during a Wednesday panel discussion at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, that tokenized bonds would make it easier to verify collateral, credit…

Ethereum Nonprofit Launches to Expand Institutional Adoption

An Ethereum founder and some of its biggest treasury holders are behind a new independent nonprofit launched to coordinate the blockchain’s institutional outreach, underscoring the ecosystem’s push to attract more banks, asset managers and financial institutions as competition from rival blockchains intensifies. The nonprofit, Ethereum Institutional, was introduced on Wednesday with backing from Ether (ETH)…

MiCA Transition Ends After Wave of Last-Minute Crypto Licenses

A slew of last-minute licenses were issued to cryptocurrency companies in Europe as Wednesday marked the end of the transitional period under the Markets in Crypto-Assets Regulation (MiCA). Four companies were authorized in Italy this week, including asset management platform Hodlie, crypto exchange Young Platform, trading platform CryptoSmart and crypto service provider Hercle, bringing Italy’s…

ETF Outflows, Liquidations Leave Crypto Thinner for Q3

Cryptocurrency markets entered the third quarter of 2026 with less leverage but thinner liquidity after a wave of liquidations cleared speculative positions while major sources of demand weakened during the second quarter.   According to a market update from institutional data provider Talos, Bitcoin (BTC) and Ether (ETH) long liquidations totaled $8.35 billion in Q2. The…

Circle CEO Challenges Ousd Consortium Model

Circle CEO Jeremy Allaire argued that USDC’s decade-long network of integrations, liquidity and regulatory infrastructure gives it a structural advantage over new stablecoin entrants, while challenging key elements of Open USD’s proposed business model. In a Wednesday X post, Allaire described stablecoin networks as platform businesses driven by network effects, saying sustained investment in integrations,…

Crypto claws back some losses but derivatives markets point to more pain ahead: Crypto Markets Today

Bitcoin BTC$58,581.72 rose 0.3% to $58,700 on Wednesday, showing a sliver of strength after spiking down to $57,700, the lowest point since September 2024, shortly after midnight UTC. Ether (ETH) is at $1,580, having also experienced a slight relief bounce since 01:00 UTC. U.S. equity index futures are lower since midnight UTC, with S&P 500…