BTC Price Rallied 80% Last Time This Happened

Key takeaways: Bitcoin’s funding rate briefly turned negative in late June, historically a signal for upcoming rallies. A large concentration of short liquidations near $111,320 could fuel a short squeeze. BTC has broken out of a bull flag, targeting $117,500, new research suggests. Bitcoin (BTC) future’s perpetual funding rate dipped into negative territory in late…

Which Tool Spots Crypto Narratives Earlier?

Key takeaways ChatGPT is ideal for comparing protocols, understanding trends and filtering out noise for research-based decisions. X provides real-time sentiment and early signals, making it useful for catching trending narratives before they hit mainstream news. Each tool has risks: ChatGPT can be outdated without live data, while X carries high noise and misinformation risk….

JD.com, Ant Push Yuan Stablecoins to Rival Dollar Tokens

China’s e-commerce heavyweight JD.com and Ant Group, the fintech arm of Alibaba, are lobbying the People’s Bank of China (PBOC) to greenlight Chinese yuan-based stablecoins to counter the global rise of US dollar-pegged tokens. The two firms urged regulators to allow stablecoins backed by offshore yuan (Chinese yuan that circulates outside mainland China) to launch…

Ethereum Community Foundation Has Mandate For $10K Ether

An Ethereum core developer has set up a new organization called the Ethereum Community Foundation, with one of its aims to bring the price of Ether to $10,000. ECF was spearheaded by Ethereum core developer Zak Cole, who explained his rationale for setting up ECF at the eighth Ethereum Community Conference held in Cannes, France,…

First US Solana Staking ETF Launches With $12M Inflows

The United States’ first Solana staking exchange-traded fund (ETF) ended its debut trading day with $12 million in inflows — a positive sign for crypto staking-enabled ETFs. The REX-Osprey Solana Staking ETF debuted on the Cboe BZX Exchange on Wednesday, recording $33 million in trading volume and $12 million in inflows, according to Bloomberg ETF analyst…

Finance Group Urges SEC Reject Tokenized Equities Exemptions

An industry trade group is urging the US securities regulator to reject a wave of relief requests from crypto companies seeking to offer tokenized stocks.  The Securities Industry and Financial Markets Association (SIFMA), which consists of securities issuers and finance firms, said in a letter on Monday that it has a “significant concern” about reports…

Bitcoin Metrics Suggest New Highs Happen This Week

Key takeaways: Bitcoin rallied above $109,000 as the global money supply reached new highs. BTC open interest rose by 10% amid a strong Coinbase Premium and stable funding rate, pointing to spot demand. Multiple technical indicators suggest a major breakout is underway, with analysts eyeing a $137,000 Bitcoin price. Bitcoin (BTC) price jumped on Wednesday,…

Bitcoin-Beating EUR/USD’s Bullish Momentum Might Have Legs: Macro Markets

Welcome to CoinDesk’s weekly macro column, where analyst Omkar Godbole writes about his macro observations and analysis in the broader markets. The views expressed in this column aren’t investment advice.A major currency pair, which is barely considered volatile, is now rivaling notoriously explosive bitcoin’s price performance—unimaginable, right? Not anymore. In June, EUR/USD, the most liquid…

Bitcoin Eyes $116K in July As Macro Catalysts Align

Bitcoin could climb to $116,000 by the end of this month as three macroeconomic factors turn favorable for the asset, according to a crypto analyst. “I think $116,000 is possible,” 10x Research head of research Markus Thielen told Cointelegraph after highlighting three macro factors that could help bolster Bitcoin’s (BTC) price this month in a…

Crypto Billionaire Bites Off Part Of Kidnapper’s Finger

Australian crypto billionaire Tim Heath narrowly escaped a kidnapping attempt in Estonia last year by biting off part of the attacker’s index finger, an Estonian court has heard.  Heath, a long-time crypto investor, was attacked by two men posing as painters in the stairwell of his apartment building in July last year. There has been…