Bitcoin returns to $64.3K with new three-week BTC price highs imminent

Bitcoin (BTC) eyed new July highs on Friday as US-Iran peace momentum kept oil lower.  Key points:Bitcoin bulls keep upside momentum going as BTC/USD seeks a new multi-week record.Declining oil prices and US dollar strength contrast with crypto market rebound.$65,000 is now “crucial resistance” to be tackled, says analysis.  Bitcoin reaches $64,350 as dollar strength, oil drop  Data from TradingView showed BTC/USD climbing above $64,000, coming within $400 of new three-week highs.BTC/USD four-hour chart. Source: Cointelegraph/TradingView  Amid ongoing hopes that the US-Iran peace deal could be salvaged, US WTI crude oil stayed lower after rejecting from $76 per barrel.CFDs on US WTI crude oil one-day chart. Source: Cointelegraph/TradingView  US dollar strength fell for a third straight day, with the US dollar index (DXY) approaching its lowest figures since mid-June.US dollar index (DXY) one-day chart. Source: Cointelegraph/TradingView  Commenting on the current macro landscape, trading company QCP Capital warned that risks to economies were still growing. It specifically highlighted the US Strategic Petroleum Reserve (SPR).  “With no monetary cushion coming, the physical buffers matter more. In oil, Doha talks ended with no shipping deal and missiles struck two tankers on 7 July, with Hormuz flows still well below normal,” it wrote about recent Iran events.  “The reserve looks thinner still:

07-10Industry

Reserve Protocol Drops Five AI-Themed Tokenized Equity DTFs on BNB Chain, Powered by Ondo

Reserve Protocol has launched five AI-themed Reserve Protocol DTFs (Decentralized Token Funds) on BNB Chain. The aim is to give global investors a single-token route into the full AI supply chain.  The products, $BUILDOUT, $POWER, $PHOTON, $NEOCLOUD, and $ROBOTS, are live now and backed by tokenized U.S. equities via Ondo Global Markets. The announcement was made on Reserve Protocols official X account on July 9, 2026, alongside a video explainer and trading links.  Five DTFs, One AI Economy: What Reserve Protocol Just Built  Each of the five new Reserve Protocol DTFs targets a different layer of the AI value chain. $BUILDOUT covers AI hardware and infrastructure stocks.  $BUILDOUT covers AI hardware and infrastructure stocks.  $POWER focuses on energy and power generation companies feeding AI data centers.  $PHOTON tracks photonics and optical networking companies. $NEOCLOUD holds cloud computing and AI infrastructure providers. $ROBOTS rounds out the set with robotics and automation equities.  The interesting part of the update is that an investor can buy $NEOCLOUD and get instant exposure to tokenized cloud equities without limit.  The DTFs are built on Reserve Protocols open-source infrastructure, which is powered by Ondo Global Markets (OGM). It holds tokenized U.S. stocks via licensed U.S. broker-dealers.  Own your share of the AI industry  Today, Reserve launches

07-10Industry

Hyperliquid Policy Center and Phantom call for DeFi specific CFTC regulations

Hyperliquid Policy Center and Phantom have urged the U.S. Commodity Futures Trading Commission to update its rulebook for onchain trading, arguing that existing regulations built for traditional financial markets do not fit decentralized infrastructure.  According to a joint comment letter submitted on Thursday by the Hyperliquid Policy Center (HPC) and Phantom, the current regulatory framework assumes a market structure where brokers, exchanges and clearinghouses control customer funds throughout the trading process. The organizations said onchain markets operate differently because users retain control of their own assets.  The submission responds to a joint Request for Information (RFI) issued last month by the CFTC and the Securities and Exchange Commission, which invited public feedback on regulations that may be slowing financial innovation and making it harder for new technologies to work with CFTC-regulated firms. As previously reported by crypto.news, the agencies are also reviewing whether existing definitions for swaps and related derivatives remain suitable for newer financial products.  HPC and Phantom seek tailored rules for decentralized markets  In their filing, HPC and Phantom argued that developers of onchain trading software should not automatically be required to register as exchanges or clearinghouses simply because they build decentralized infrastructure. They also said non-custodial wallet interfaces such as Phantom

07-10Industry

White House says it received no Democratic nominees for SEC, CFTC vacancies

White House officials claimed that they had “not received names” in response to requests to Senate Democrats for potential commissioners to two US financial regulatory agencies.  In a Thursday letter to US Senate majority leader John Thune and minority leader Chuck Schumer, White House officials said that they had already solicited names from Senate Democrats for the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The leadership panels of both financial agencies are understaffed, with only Republican members nominated and confirmed by the Senate.  The letter came in response to a June 10 request from 12 Senate Democrats over staffing concerns at US federal agencies, including the SEC and CFTC. Although US President Donald Trump has put forward some Democratic names for positions at agencies, including the National Labor Relations Board and International Trade Commission, many lawmakers have expressed concerns about the financial regulators being understaffed with crypto market structure legislation pending.  As of Thursday, the SEC had two vacant Democratic seats with three Republican commissioners, one of whom, Hester Peirce, was expected to leave by November. The CFTC chair and sole commissioner was Republican Michael Selig, who, in his seven months on the job, has been outspoken about defending

07-10Industry

Trump White House rejects SEC snub claims before CLARITY showdown

The Trump White House has rejected accusations that it is refusing to nominate Democratic commissioners to the Securities and Exchange Commission and Commodity Futures Trading Commission as the Senate moves closer to debating the CLARITY Act.  According to a letter sent by the White House to Senate Majority Leader John Thune and Senate Democratic Leader Chuck Schumer, the administration said it had already asked for suitable Democratic nominees for both the SEC and the CFTC but had not received any names in response.  The letter pushes back against criticism that the administration is deliberately leaving seats vacant at two agencies expected to oversee large parts of the digital asset market if the CLARITY Act becomes law.  With the Senate still yet to schedule a floor vote on the market structure bill, the exchange over regulatory appointments has added another issue to negotiations already facing time pressure. As crypto.news reported earlier, lawmakers are working against the Senates Aug. 7 recess, leaving a limited window to move the legislation forward.  Senate negotiations continue before floor vote  Although the White House defended its position on the nominations, it remains unclear whether the disagreement will influence support for the CLARITY Act. Lawmakers from both parties are still negotiating several

07-10Industry

Bitcoin miners AI pivot faces investor scrutiny over insider sales

Several publicly traded Bitcoin miners have enjoyed sharp stock re-ratings after pivoting toward AI infrastructure, but investors are increasingly questioning whether insiders and major shareholders capitalized on the rally before the sector cooled, raising fresh governance concerns, according to Blocksbridge Consulting.  In its latest Miner Weekly newsletter, Blocksbridge said the AI narrative helped lift valuations for several Bitcoin mining companies as they repositioned operations around data centers, power infrastructure and hyperscaler partnerships. However, sentiment has since weakened, with AI and chip stocks pulling back. The TEM AI Infrastructure Growth Index, which tracks Bitcoin miners, artificial intelligence cloud providers, power suppliers and other AI infrastructure companies, has decline 16% over the past month.  That shift has brought insider transactions into sharper focus. Executives at TeraWulf, Cipher Digital, Riot Platforms and Core Scientific have disclosed stock sales, many of them executed under prearranged Rule 10b5-1 trading plans. While such plans are common and designed to avoid conflicts around nonpublic information, the sales have attracted greater scrutiny as AI-related stocks have retreated, Blocksbridge said.  The trend extends beyond company executives. Strategic investors have also reduced their exposure, including stablecoin issuer Tether, which trimmed its stake in Bitdeer after the companys AI-driven rebound.  According to Blocksbridge, investors are

07-10Industry

Robinhood insiders sell HOOD shares after stock rally

Robinhood CEO Vlad Tenev sold 375,000 shares of Robinhood Markets stock on July 6, according to a recent SEC filing. The filing shows that his Class B shares automatically converted into Class A common stock when the sale took place. The transaction was made under a Rule 10b5-1 trading plan adopted on Sept. 5, 2025.  SummaryTenev sold 375,000 shares through a preset plan as HOOD traded near recent highs Monday.Gallagher also sold 10,000 shares, while Robinhood Markets trimmed its RVI fund stake this week.Crypto.news coverage ties Robinhoods rally to tokenized stocks, blockchain launches, and prediction market growth plans  • CEO Vlad Tenev sold 375,000 shares worth ~$43.6 million  • CLO Daniel Gallagher sold 9500 shares → ~$1.1 Million  •Robinhood Ventures Fund I sold 21,300 RVI shares  The sales come as $HOOD stock…  The sale was reported across several price ranges, with weighted average prices from $112.2242 to $118.1385.Investing.com placed the total value near $43.6 million. Tenev still held more than 48.2 million Class B shares after the transaction, based on the same filing.  You might also like:  SWIFT launches blockchain ledger pilot with 17 global banks  Gallagher also reports HOOD sale  Robinhood Chief Legal Officer Daniel Gallagher also sold HOOD shares on July 6. A Form 4 summary showed 10,000

07-09Industry

Bank of Korea stands firm on bank-led stablecoin push as deposit token pilots advance

The Bank of Korea (BOK) has doubled down on its stance that won-denominated stablecoins should first be issued through bank-led consortiums.  According to local reports from Digital Asset and EDaily, the central bank made the comments in materials submitted on Thursday to the National Assemblys finance committee. Local outlets reported that the BOK called for safeguards, including priority issuance by bank-led consortiums and a statutory policy body involving relevant agencies.  The latest comments reinforce the BOKs months-long push to keep won stablecoin issuance under bank-led structures. The central banks stance has divided policymakers and industry groups and contributed to delays in South Koreas digital asset bill.  The BOK also said it plans to continue developing deposit-token use cases in the second half of the year, including support for government subsidy payments, vouchers, electric vehicle charging infrastructure and further real-world transactions for the general public. Deposit tokens are digital tokens that represent commercial bank deposits.  In April, BOK Governor Hyun-Song Shin expressed support for deposit tokens and central bank digital currencies (CBDCs) in his first public address, while South Koreas Ministry of Economy and Finance announced a pilot to use tokenized deposits for government operational spending.  BOKs stablecoin stance keeps bill debate alive  The BOKs latest comments

07-09Industry

Adam Backs Bitcoin treasury company seeks new terms with Cantor for SPAC merger

The Bitcoin Standard Treasury Company (BSTR), founded by Blockstream CEO Adam Back, wants to change the terms of its merger agreement with Cantor Equity Partners for a public offering.  According to a Wednesday announcement, BSTR and Cantor Equity Partners I, the special purpose acquisition company (SPAC) created by financial services giant Cantor Fitzgerald, scrapped the original terms of a 2025 merger agreement and will negotiate a new deal. Although the details were not included in the announcement, both companies said that they intended to negotiate terms that “better reflected market conditions.”  Source: BSTR  A shareholder meeting scheduled for Friday intended to address the SPAC merger and a public offering was postponed indefinitely. The companies said that they would “provide further details in due course.”  BSTRs initial deal included contributing more than 30,000 Bitcoin (BTC) and $1.5 billion in PIPE (Private Investment in Public Equity) financing. The US Securities and Exchange Commission (SEC) recognized the registration statement for the agreement in June, with many expecting the public offering soon to follow.  Related: Capital B raises $1.3M from Adam Back for Bitcoin strategy  According to a February report from Institutional Investor, Cantor was giving itself “a lot of wiggle room” in SPAC deals, no longer keeping its sole

07-09Industry

Officials set to revise MiCA to cover non-EU stablecoin issuers: Report

European Union officials are reportedly planning to revise the Markets in Crypto-Assets (MiCA) framework amid the implementation of a US law on stablecoins.  According to a Wednesday report from Euronews, EU officials planned to revisit proposed changes to MiCA to broaden the frameworks scope, specifically regarding non-EU companies issuing stablecoins.  The revised rules, which authorities will reportedly consider in 2027, were in response to the US governments Guiding and Establishing National Innovation for US Stablecoins, or GENIUS, Act, putting pressure on EU officials to clarify how US stablecoin issuers could be regulated in member states. Officials will also reportedly consider expanding MiCA to include rules on tokenized payments and deposits.  Under MiCA, crypto companies offering services to EU-based users across 27 member states must now be licensed as Crypto-Asset Service Providers (CASPs) by a regulator in one of the member states. Although the licensing requirement took effect on July 1, European Commission officials had already opened a comment period for potentially revising the framework, including provisions on decentralized finance (DeFi) and stablecoins.  Related: Stablecoin-settled TradFi perpetual trading tops $1.1T: Binance Research  The proposed framework, which some have dubbed “MiCA 2.0,” will remain open for comments until Aug. 31. However, Miroslav Durić, a senior associate at

07-09Industry
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