Latest Crypto News & Market Updates

‘Chicago’s last trade？ – CFTC Chair warns against new 0.2% crypto tax

Illinois 0.2% blanket tax for every crypto transaction, passed in July as part of the states fiscal budget, continues to elicit backlash.　　Mike Selig, chairman of the Commodity Futures Trading Commission (CFTC), slammed the state lawmakers. He warned that the law could make Chicago lose its financial position.　　In a recent opinion piece, Selig argued there was no need for the punitive crypto tax law. He said the federal government was already advancing the more measured CLARITY Act.　　Yet Illinois lawmakers decided they know better than the federal lawmakers who have been working on delivering clarity to crypto asset markets for years.　　Source: X　　The Chicago Mercantile Exchange (CME), the worlds largest derivatives exchange, is based in Illinois. It also offers 24/7 crypto trading.　　Selig added that such a move would make investors flee the state, making it Chicago‘s ’last trade.　　As blockchain technology continues to transform our financial markets, the choice to loot crypto wallets rather than grow the state economy with pro-innovation policies may go down in history as Chicagos last trade.　　Will the federal crypto tax law delay？　　Coinbase‘s Legal Chief Paul Grewal also echoed Selig’s stance, calling the 0.2% tax law one of the dumb policies.　　Just when it seemed that we have enough dumb tax

07-04Exchange

Hows India Looking in the Global Crypto Regulation Race？

India remains behind major markets in the crypto regulation race, but it has not ignored the sector. The country has built tax, anti-money laundering, and monitoring rules while avoiding a full law for virtual digital assets.　　That cautious model is drawing attention after Coinbase returned to India. The comeback has highlighted the market‘s appeal and the limits of India’s unclear policy approach.　　Coinbase Return Tests India Crypto Rules　　At India Blockchain Week, Coinbase Asia-Pacific director John OLoghlen called India a “North Star” for the exchange. The remark came as Coinbase outlined its renewed market push.　　Coinbase secured registration with Indias Financial Intelligence Unit in early 2025. It reopened user registrations by October. By December, it had restored services for retail investors.　　The platform also introduced IMPS-enabled INR deposits. The feature allows compliant Indian rupee deposits into the crypto ecosystem and gives traders a local currency route.　　India Central Bank Flags Crypto Risks　　However, Indias central bank remains opposed to legalising crypto. The Economic Times reported that the Reserve Bank of India told a parliamentary panel that virtual digital assets are a threat to an emerging economy like India.　　The RBI compared India with other markets. It told the Parliamentary Standing Committee on Finance that China and Qatar have

07-04Exchange

Bitcoin whale wallets keep selling, mounting pressure on BTCs price trajectory

Bitcoin whale wallets have reportedly transferred over $100 million in Bitcoin to exchanges over the last 24 hours. The trend is a clear signal of intentions to cash out, adding further pressure to Bitcoins price trajectory. 　　Just as Bitcoin was trying to find its bottom after losing over 20% of its value in June, on-chain data shows further signs of selling. Wallets tied to Irish drug dealer Cliffton Collins, Riot Platforms, a major Bitcoin mining firm, and other whale wallets have all sent significant amounts to exchanges, in preparation to sell.　　Bitcoin whale sell-off pattern is forming　　A wallet linked to prominent Bitcoin bull and venture capitalist Tim Draper moved 150.84 $BTC to Coinbase, realizing a loss of approximately $2.57 million after holding the coins for roughly a year. Tim Draper has been bullish on $BTC, calling for $250,000 targets in the past, which is a clear signal of current market sentiment.　　Bitcoin started July at its lowest level in 21 months, briefly touching $57,950, after investors pulled a record $4.51 billion out of US spot Bitcoin ETFs in June alone. Bitcoins exchange whale ratio, which measures the size of the largest inflows relative to total exchange inflows, has also reached a local

07-04Exchange

Bitcoin under pressure as $30M from ‘lost’ drug dealer stash hits Coinbase – Details

The Irish drug dealer Clifton Collins is back in the news after Irish authorities recovered more of his seized Bitcoin. Collins acquired approximately 6,000 Bitcoin between 2011 and 2012.　　In 2017, he was jailed after a drug-related arrest. Before the arrest, he printed his seed phrase and hid it inside a fishing rod.　　However, the landlord later cleared the house and dumped his belongings in a landfill, including the private keys. In 2026, authorities continued recovering the lost Bitcoin and selling it as proceeds of crime.　　How much Bitcoin did authorities recover？　　The Irish authorities successfully recovered 500 $BTC, worth $30.85 million, from Clifton Collins wallet and deposited it into Coinbase.　　The recent seizure brought the total assets recovered from his wallets to 1,500 $BTC, worth approximately $103 million. At its peak, Collins 6,000 $BTC were worth approximately $757 million.　　Source: Arkham　　Despite the recovery effort, Clifton Collins addresses still held 4,500 $BTC worth approximately $276 million. In fact, more than nine addresses remained untouched, and authorities have not confirmed whether the same decryption could apply to future operations.　　Even so, the recovery suggested authorities could still access dormant wallets under certain circumstances.　　In addition to Collins, Bitcoin [$BTC] also saw sell-side activity from another long-term investor. Lookonchain reported

07-04Exchange

Bitcoin eyes macro jump to $70K after drop below $60k – Whats next for BTC？

The price of Bitcoin [$BTC] recently dropped from $60,000 to $58,000. However, at press time it was trading at $61,540.15, following a 2.01% increase in the past 24 hours. But a month-long decline of 8% is now raising concerns for the king coin.　　Consequently, given that the RSI was above 55 at press time and the MACD was flashing green bars, the price analysis suggested that bulls were strong. However, if looked at closely, the bull signs were not forceful, as the Signal line and MACD lines were almost joining.　　Additionally, Bollinger Bands expanding following a squeeze indicated the presence of upcoming volatility.　　Source: Trading ViewBitcoins on-chain metrics spark concerns　　Still, instead of being completely pessimistic, CryptoQuants most recent CME Bitcoin futures data suggested a market reset.　　Source: CryptoQuant　　According to the chart, the net long exposure of asset managers has decreased to $800 million, the lowest since the introduction of U.S. spot Bitcoin ETFs. However, they still maintain a nearly 2:1 long-to-short ratio, indicating a decrease in conviction rather than a bearish shift.　　Source: CryptoQuant　　Meanwhile, the leveraged funds have cut their net short positions by 67.5% as shrinking futures premiums made basis trades less profitable.　　Moreover, open interest has decreased by 63.5%, which is significantly greater than

07-04Exchange

TRON Rolls Out NIST‑Standard Post‑Quantum Algorithms on Nile to Prepare for Quantum Computing

TRON activated build GreatVoyage-v4.8.2-PQ1-build1 on its Nile testnet, with support for the Falcon-512 and ML-DSA-44 algorithms.The update covers transaction signing, block production, P2P handshakes and smart contract verification within the TVM.Migration to the mainnet is projected for the third quarter of 2026, subject to approval through on-chain governance.　　TRONbecame one of the first blockchain networks to actively upgrade its native cryptographic foundations to address the advance of quantum computing. The network announced the deployment of build GreatVoyage-v4.8.2-PQ1-build1on its Niletestnet, a mandatory update for nodes on that network that introduces support for two post-quantum signature schemesstandardized by the National Institute of Standards and Technology (NIST): Falcon-512 and ML-DSA-44.　　The scope of the update is quite considerable. It covers transaction signing, block production signaturesby super representatives, handshakesbetween P2P nodes and signature verification in smart contractswithin the TRON Virtual Machine (TVM).　　However, the new functionalities do not activate automatically: they require a governance proposal to go through the network committees on-chain processbefore any transition to the mainnet, currently projected for the third quarter of 2026.　　TRON is taking the next step toward long-term blockchain security.　　The Nile Testnets post-quantum signature upgrade brings NIST-standardized quantum-resistant signatures to public blockchain infrastructure.　　More details from @Crypto_Briefing ????　　— TRON DAO (@trondao) July 2,

07-04Exchange

Standard Chartered wins MiCA passport as EU approves 57 firms

Standard Chartered has secured a MiCA passport as the European Securities and Markets Authority has added 57 newly authorized crypto firms to its register following the end of the EUs transition period.　　According to the European Securities and Markets Authority (ESMA), its latest interim register now lists 300 authorized crypto-asset service providers, up from 243 on June 26, after a wave of approvals arrived around the July 1 Markets in Crypto-Assets deadline.　　The updated list includes major banks, institutional trading firms, and digital asset companies that can now offer regulated services across the European Union under a single authorization.　　Standard Chartered joins expanding MiCA register　　Among the biggest additions is Standard Chartered, which received MiCA authorization from Luxembourgs financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), on June 25.　　The bank also obtained an Electronic Money Institution license, allowing it to use MiCAs passporting system to provide crypto services throughout all 27 EU member states without seeking separate approvals in each country.　　Institutional crypto trading firm FalconX also entered the register after receiving authorization from Maltas Financial Services Authority shortly before the July 1 deadline.　　ESMAs latest update further added digital asset bank Sygnum Europe, Ronin EM, and CACEIS, the asset servicing business owned by

07-04Exchange

Binance Mesh Investment at $2B Would Double Valuation in 6 Months

A reported $2 billion investment round led by Binancecould reshape the competitive dynamics of crypto payments infrastructure — and the speed of the valuation jump alone tells you something important about where institutional money is flowing. According to a report from Axios, Binance is moving to spearhead a major funding round for Mesh, a company building the plumbing that connects crypto wallets, exchanges, and fiat payment rails. Neither Binance nor Mesh has officially confirmed the deal.　　Key takeawaysBinance plans to lead a $2 billion funding roundfor Mesh, a crypto payments and settlement infrastructure provider, according to Axios.The new round would value Mesh at approximately $2 billion — double its $1 billion valuationfrom January 2026.Mesh raised $75 million in a Series Cround led by Dragonfly Capital in January 2026, with Paradigm, Coinbase Ventures, and others participating.Meshs technology connects crypto wallets, exchanges, digital currencies, and fiat rails — solving asset conversion challenges for merchants and service providers.The investment reflects a broader industry shift toward stablecoin settlement and crypto payments infrastructureas a primary growth vertical.　　Binances Planned $2 Billion Investment in Mesh　　If the numbers hold, this would be one of the fastest valuation doublings in recent crypto history. Just months ago, in January 2026, Mesh

07-04Exchange

Coinbase defies Wall Street selloff as BofA flags investor exodus

Coinbase stock has climbed nearly 19% in the past five trading sessions even as Bank of America says investors are pulling money out of U.S. equities at the fastest pace since March.　　SummaryCoinbase has rallied nearly 19% in five trading days despite Bank of America reporting $17.2 billion in U.S. equity fund outflows.The exchange is expanding its European presence under MiCA while offering a 5% transfer bonus to attract users after rivals exited.Technical indicators show improving momentum, with Coinbase testing key trendline resistance near the $170 Fibonacci level.　　According to a Bloomberg report, Bank of America told clients that U.S. equity funds recorded $17.2 billion in outflows during the week ending July 1, the first weekly withdrawals since March.　　The banks note also showed that Japanese equity funds attracted $1.9 billion over the same period, their strongest weekly inflows since May, suggesting that investors are rotating capital away from U.S. stocks and into Japan.　　Despite that backdrop, Coinbase Global has continued to outperform. The stock closed 3.92% higher at $165 on July 2 and has rallied from about $139 on June 26, extending its five-day gain to roughly 19%.　　The rally has not been limited to Coinbase. Crypto-linked equities also advanced alongside the recovery in

07-04Exchange

As Bitcoin Recovers, the Amount of Bitcoin Held by Major Companies Revealed! Here Are the Companies That Own the Most BTC

The leading cryptocurrency, Bitcoin, has been experiencing sharp declines since October 2025. Most recently, $BTC fell to levels around $57,000.　　As interest in Bitcoin wanes, the total amount of $BTC held by the 100 largest publicly traded companies has been revealed.　　According to $BTC Treasuries data, the 100 largest publicly traded companies worldwide collectively hold 1,264,867 $BTC. This represents 6.02% of Bitcoins total supply.　　Leading the list is Strategy (MSTR), with 847,363 $BTC, a significant portion of the total Bitcoin held by publicly traded companies. Strategy is followed by a group of companies primarily focused on mining and finance.　　Here are the other prominent companies in the top 10 and the amount of $BTC they hold:“Strategy (MSTR): 847,363 $BTC”Twenty One Capital (XXI): 43,514 $BTCMetaplanet Inc. (MTPLF): 43,000 $BTCMARA Holdings, Inc. (MARA): 36,303 $BTCBitcoin Standard Treasury Company (CEPO): 30,021 $BTCBullish (BLSH): 24,300 $BTCStrive (ASST): 19,864 $BTCSpaceX (SPCX): 18,712 $BTCCoinbase Global, Inc. (COIN): 16,492 $BTCRiot Platforms, Inc. (RIOT): 15,680 $BTC　　*This is not investment advice.

07-03Exchange

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