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…

Ethereum (ETH) news: Upheaval at the foundation has some of crypto’s biggest names feeling bullish

Yakovenko’s comments stood out because they came from one of Ethereum’s most prominent competitors. While debates between Ethereum and Solana supporters have often been contentious, Yakovenko’s reaction reflected a view shared by many currently at the top of the industry: that leaner organizations can sometimes make better decisions than larger, more bureaucratic ones. The emergence…

Bitcoin Chases New Lows As ETF Outflows, Strategy’s Slump Spook Traders

Key takeaways: Cooling oil prices and a multi-month high for the US dollar are keeping intense pressure on non yield-bearing assets. Spot Bitcoin ETF outflows paired with Strategy’s slowest buying pace in 18 months signal short-term downside risks. Bitcoin (BTC) traded down to $59,060 on Wednesday despite the sharp retreat in oil prices. Inflationary pressures…