Kenya’s VASP Bill Sparks Fears of Binance-Backed Monopoly

Some crypto startups are raising concerns over Kenya’s proposed virtual asset service providers (VASP) Bill, warning it could hand outsized influence to a Binance-linked lobby group, potentially undermining fair competition in the country’s digital asset industry. According to disclosures seen by The Kenyan Wall Street, a private think tank called the Virtual Asset Chamber of…

Bitcoin Exchange Flows Drop to 10-year Lows as Traders Eye $165K BTC Price

Key takeaways: Bitcoin is up 10% to $108,200 from $98,400 local lows, reclaiming key support. Bitcoin’s bull pennant on the daily chart targets 54% gains to $165,000. Exchange flows are at a 10-year low, signaling investors continue to hold long-term. Bitcoin (BTC) price registered a weekly high of $108,200 on June 25 after a 10%…

Solana Gains DEX Marketshare But SOL Price Fails To Follow

Key takeaways: Solana’s DEX volume surpassed Ethereum’s, but overall activity remains far below the levels seen in January. Hyperliquid’s dominance in perpetual futures trading weakens investors’ confidence in Solana’s long-term lead. Solana’s native token SOL (SOL) has declined 15% since failing to reclaim the $168 level on June 12. This bearish movement followed a period…

Bitcoin Price Volatility Makes A Record Weekly, Monthly Close Possible

Key points: Bitcoin sees some weekend volatility as Hyperliquid’s notorious James Wynn flip-flops between short and long BTC. Short timeframes show bulls staying “in control” of BTC price action. The weekly and monthly candle closes have a chance to become Bitcoin’s highest ever. Bitcoin (BTC) passed $108,500 into the June 29 weekly close as familiar…

Stablecoins Outpace Visa, Mastercard in Onchain Payments: Alchemy

Stablecoins have become the backbone of internet payments, with adoption now outpacing major traditional card networks in onchain volume, according to Noam Hurwitz, head of engineering at Alchemy. Hurwitz told Cointelegraph that stablecoins have seen “explosive” adoption, adding that they are “becoming the default settlement layer for the internet.” Companies like PayPal and Stripe are…

Kenya’s VASP Bill Sparks Fears of Binance-Backed Monopoly

Some crypto startups are raising concerns over Kenya’s proposed virtual asset service providers (VASP) Bill, warning it could hand outsized influence to a Binance-linked lobby group, potentially undermining fair competition in the country’s digital asset industry. According to disclosures seen by The Kenyan Wall Street, a private think tank called the Virtual Asset Chamber of…

Bitcoin Inflows Drop as Data Hints At Rally To $120K

Key takeaways:  Bitcoin inflows on Binance have dropped to 5,147 BTC, less than half of previous bear market levels, despite BTC trading above $105,000, signaling a possible decline in short-term selling pressure. Bitcoin has reclaimed its 50-day EMA, historically a signal for breakout rallies. Technical indicators, including rising spot CVD, point to strong spot demand…

Why is XRP Up Today? Catalyst Trio Sees Token Outperform Wider Crypto Market

XRP climbed 5.5% to $2.19 in the last 24 hours after a trio of catalysts converged to help the cryptocurrency outperform the wider cryptocurrency market. One of the catalysts was launch of XRP micro futures on Robinhood. The contracts offer traders more flexibility to bet on the cryptocurrency’s future price direction or hedge current positions…

What Happened In Crypto Today

Today in crypto, ETF analysts are confident of REX Shares launching a Solana staking ETF very soon, Coinbase lands on TIME’s 100 Most Influential Companies list. Meanwhile, Vitalik Buterin has introduced a new kind of digital identity system dubbed “pluralistic identity.” ‘All systems go’ for Solana staking ETF to launch any moment: Analysts ETF provider…

Kenya’s VASP Bill Sparks Fears of Binance-Backed Monopoly

Some crypto startups are raising concerns over Kenya’s proposed virtual asset service providers (VASP) Bill, warning it could hand outsized influence to a Binance-linked lobby group, potentially undermining fair competition in the country’s digital asset industry. According to disclosures seen by The Kenyan Wall Street, a private think tank called the Virtual Asset Chamber of…