Bitcoin price loses $64K support after Fed shock, can bulls avoid a drop to $60K?

Bitcoin has fallen back toward the $64,000 level after the Federal Reserve adopted a hawkish policy stance, erasing a relief rally that had been fueled by easing Middle East tensions and renewed hopes for lower energy prices.  According to crypto.news market data, Bitcoin ($BTC) climbed to an intraday high of $66,315 on June 17 before reversing sharply following the Federal Reserves policy decision. The asset fell 4% to an intraday low of $63,683 during early June 18 trading before recovering slightly to around $64,444 at press time.  Bitcoins price dip followed after the Fed kept interest rates unchanged at 3.50%–3.75% and released a hawkish dot plot that projected fewer rate cuts and left the door open to future tightening. Selling pressure intensified further after Fed Chair Kevin Warsh signaled a move away from traditional forward guidance, injecting fresh uncertainty into the policy outlook and triggering a broad risk-off reaction across global markets.  Only hours earlier, traders had welcomed reports that the U.S. and Iran had formally implemented an interim peace agreement that included the reopening of the Strait of Hormuz and the removal of restrictions on Iranian oil exports.  Crude oil subsequently fell toward $75 per barrel, its lowest level since early March, a

06-18

Coinbase Ventures Backs RWA Tokenization Protocol Multipli in Undisclosed Deal

Real-world asset (RWA) tokenization protocol Multipli has secured an investment from Coinbase Ventures Base Ecosystem Fund, the company announced on June 18. The specific financial terms of the deal were not disclosed.  Strategic Backing for RWA Infrastructure  The investment signals continued institutional interest in bridging traditional financial assets with decentralized finance (DeFi) infrastructure. Multipli focuses on tokenizing tangible assets such as real estate, commodities, and invoices, making them tradeable on blockchain networks. The backing from Coinbase Ventures, through its fund dedicated to projects building on the Base layer-2 network, provides Multipli with both capital and strategic alignment with one of the largest cryptocurrency exchanges in the United States.  Why This Matters for the RWA Sector  The RWA tokenization market has grown rapidly in 2025, with protocols like Multipli competing for market share in a space projected to reach trillions of dollars in tokenized asset value over the next decade. Coinbase‘s support adds credibility to Multipli’s technology and its approach to compliance and asset custody. For the broader DeFi ecosystem, the investment suggests that major players see tokenized real-world assets as a key growth vector, potentially attracting more traditional finance participants to on-chain markets.  Implications for Base Network Growth  By investing in Multipli, Coinbase is also strengthening

06-18

Ark Invest buys $18.4M in Coinbase shares, trims Robinhood

Share  Link copied  Cathie Wood‘s Ark Invest has purchased $18.4 million worth of Coinbase shares across three ETFs, even as the crypto exchange’s stock has fallen nearly 13% over the past month.  SummaryArk Invest bought $18.4 million worth of Coinbase shares across three ETFs as the crypto exchanges stock remained under pressure.Coinbase recently unveiled tokenized stocks, an AI powered advisor, and a unified liquidity system spanning its U.S. and international markets.Ark also added $17.2 million in Block shares while trimming nearly $29 million worth of Robinhood holdings.  According to Ark Invest‘s Wednesday trading disclosure, the investment firm acquired 111,799 Coinbase Global shares for its ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). Based on Coinbase’s closing price of $164.92 on Wednesday, the purchases were worth about $18.4 million.  据 The Block,Cathie Wood 旗下 Ark Invest 周三通过 ARKK、ARKW、ARKF 三只 ETF 买入 111799 股 Coinbase,按收盘价计算约 1840 万美元;同时通过 ARKK 卖出 275572 股 Robinhood,价值近 2900 万美元。当天 Coinbase 收跌 2.57% 至 164.92 美元,过去一个月累计下跌约 12.95%;Robinhood 则上涨…  — 吴说区块链 (@wublockchain12) June 18, 2026  Elsewhere in the same round of portfolio adjustments, ARKK bought 236,759 shares of Block Inc., valued at roughly $17.2 million, while selling 275,572 shares of Robinhood Markets worth nearly $29 million.  Coinbase shares ended

06-18

France sets 2027 quantum encryption test as crypto watches

Frances cybersecurity agency ANSSI plans to stop certifying security products that do not support quantum-resistant encryption from 2027.  The rule would affect products used by French government bodies and critical infrastructure operators, where ANSSI approval often decides whether a product can be deployed in sensitive systems.  ANSSI Chief of Staff Samih Souissi said businesses should buy only quantum-safe products by 2030. He said, “It‘s not only a technical issue. It’s a matter of governance, industrial planning, regulation, and sovereignty.” The statement turns a long-running warning into a clear procurement test for vendors seeking public-sector access.  2027 becomes a global deadline  France‘s move places it close to the U.S. National Security Agency’s CNSA 2.0 timeline. Under that program, new U.S. national security system acquisitions must support approved quantum-resistant algorithms from Jan. 1, 2027. Systems that cannot support the new suite must be phased out by the end of 2030.  The shared date matters for vendors that sell into defense, government, banking and critical infrastructure markets. A product that lacks post-quantum cryptography may soon lose access to major public contracts. The shift gives suppliers less room to treat quantum readiness as a future upgrade or marketing label. It also creates a clear date for budgets, audits and

06-18

France to stop certifying products lacking quantum-resistant encryption

Frances national cybersecurity agency ANSSI said Tuesday that it will stop certifying security products that lack quantum-resistant encryption, reflecting growing concern among governments about quantum threats to cryptography.  ANSSI chief of staff Samih Souissi said at the France Quantum 2026 Summit that it would halt such certifications in 2027 and that businesses should buy only quantum-safe products by 2030, Reuters reported.  “ANSSI has been telegraphing this move for years,” Marin Ivezic, the founder of consulting firm Applied Quantum, said in a post on LinkedIn. “What changed yesterday is that ANSSIs chief of staff said it publicly at a major conference, in front of the French quantum ecosystem, with Reuters in the room. The guidance became a commitment.”  ANSSI certification is a prerequisite for use across French government agencies and critical infrastructure operators. The move would force vendors to demonstrate post-quantum cryptography capability by 2027 or lose access to government contracts.  “It‘s not only a technical issue,” Souissi said. “It’s a matter of governance, industrial planning, regulation, and sovereignty.”  ANSSI Chief of Staff Samih Souissi speaking at Orange OpenTech 2025 Source: YouTube  Frances 2027 cutoff aligns with a move from the US National Security Agency (NSA) to require all national security systems to use its suite of

06-18

Ark Invest Buys $18.4M Coinbase, CME to Sue CFTC, Bitcoin Holds Near $64K

Crypto News  Cathie Wood‘s Ark Invest added roughly $18.4 million of Coinbase Global stock across three exchange-traded funds on June 17, buying 111,799 shares even as the equity slid 2.57% to $164.92 and extended a 12.95% monthly drop. The purchase lifts Coinbase to the eighth-largest holding in the flagship ARK Innovation ETF at a 3.71% weighting valued near $258.6 million. In the same disclosure, Ark sold 275,572 Robinhood shares worth about $29 million as that stock jumped 8.78% to $105.20. The rotation followed Coinbase’s June 16 launch of tokenized U.S. equities for overseas clients, plus an AI-powered advisory feature, and Robinhoods announcement of a 10% workforce cut.  Senators Cynthia Lummis and Ruben Gallego introduced a bipartisan resolution on June 17 declaring that convicted FTX founder Sam Bankman-Fried should receive no presidential pardon, clemency, or commutation. Bankman-Fried was sentenced to 25 years in 2024 on seven fraud, conspiracy, and money-laundering counts, with an $11 billion forfeiture order tied to more than $8 billion stolen from customers. A federal appeals court upheld his conviction on June 12, days after he filed a clemency petition with the Justice Department on June 8. Prediction markets currently price his odds of a pardon before 2027 at just

06-18

France to Phase Out Non-Quantum Encryption as Bitcoin Security Concerns Grow

In briefFrance will stop certifying security products that lack quantum-safe encryption beginning in 2027.Officials cited concerns that future quantum computers could decrypt encrypted data stolen today.The move comes as crypto developers and wallet providers prepare for potential quantum threats to Bitcoin and other blockchains.  France is preparing to phase out security products that lack quantum-resistant encryption, underscoring the growing concern about the future of the cryptography securing everything from government networks to Bitcoin.  According to a report by Reuters, Frances cybersecurity agency ANSSI announced this week that it will stop certifying security products that do not use quantum-safe encryption beginning in 2027, advising that companies should buy only quantum-safe products by 2030.  ANSSI certification is required for French government agencies and critical infrastructure operators, making the decision a de facto phase-out of older cryptographic systems.  “Its not only a technical issue,” ANSSI Chief of Staff Samih Souissi said at the annual France Quantum conference. “Its a matter of governance, industrial planning, regulation, and sovereignty.”  The policy change comes amid growing concern about Q-Day, or the expected arrival of quantum computers powerful enough to crack modern encryption. Security experts also warn of “harvest now, decrypt later” attacks, in which adversaries collect encrypted data today with the

06-18

Bybit Private Wealth Posts 50%+ APR, But the Real Story Is Risk

When a crypto exchange starts quoting yields that look more like a DeFi summer headline than a disciplined wealth management service, the market should pay attention—but not just for the number. Bybits announcement that its Private Wealth Management division generated over 50% in 30-day annualized returns across multiple strategies reveals as much about the competitive sprint for institutional capital as it does about the risk frameworks that accompany such figures.  Bybit, which has consistently ranked as the second-largest crypto exchange by trading volume, is not the first platform to court high-net-worth individuals and family offices with wealth management suites. But the raw size of the quoted $APR—substantially above what most prime brokers or lending desks advertise—stands out. It moves the conversation from “institutional crypto is maturing” to “how are these returns being constructed, and what happens when conditions shift?”  The Yield Arms Race Among Exchanges  Private wealth divisions at major exchanges have become a strategic priority. Binance, Coinbase, and Kraken have all expanded beyond spot and derivatives trading into lending, structured products, and discretionary mandates. The logic is straightforward: sticky, high-net-worth capital generates fee revenue across market cycles and reduces reliance on speculative retail volumes. With the global crypto market cap hovering in

06-18

Coinbase to List Re (RE) Token, Expanding Access to Decentralized Data Infrastructure

Coinbase, one of the largest publicly traded cryptocurrency exchanges in the United States, has announced plans to list the Re (RE) token. The listing will make RE available for trading on Coinbases platform, providing increased liquidity and accessibility for the token, which powers a decentralized data verification and reputation network.  What is Re (RE) and Why Does This Listing Matter?  Re (RE) is the native utility token of the Re blockchain, a platform designed to create a decentralized infrastructure for data verification, digital identity, and reputation management. The project aims to address challenges in online trust and data integrity by allowing users to verify and attest to information in a secure, immutable manner. The listing on Coinbase represents a significant milestone for the project, as it opens the door to a broader audience of retail and institutional investors who use the exchange.  Timeline and Availability  Coinbase has indicated that the listing will be rolled out in phases, beginning with the transfer of RE tokens into the platform. Trading is expected to commence once sufficient liquidity conditions are met. Users should monitor Coinbases official status page and announcements for the exact start time. The exchange has emphasized that RE will be available in supported jurisdictions,

06-18

Stablecoin Shakedown: Binance, Coinbase And Kraken Restrict USDT In Europe Ahead Of MiCA Deadline

Europe‘s stablecoin market is moving into its next, stricter phase as major exchanges continue reshaping $USDT access for users in the European Economic Area under the EU’s Markets in Crypto-Assets framework.  TL;DRBinance, Coinbase, Kraken and other platforms have adjusted stablecoin access for EEA users under MiCA.The shift has hit Tethers $USDT hardest because Tether has not obtained MiCA authorization for the token.Circles $USDC and $EURC have benefited from being positioned as compliant alternatives in the region.The key date now is the final CASP compliance cliff on July 1, 2026.  MiCA Keeps Reshaping Stablecoin Access In Europe  The change is not a sudden collapse in $USDT liquidity. It is a regulatory sorting process. Under MiCA, stablecoin issuers serving the EU must meet authorization and reserve requirements, while crypto-asset service providers face their own compliance deadlines. For users, the visible result is straightforward: some stablecoins remain available in Europe, while others become restricted, phased out, or unavailable through regulated exchange venues.  Binance‘s EEA stablecoin notice shows how exchanges have had to adjust product access around stablecoin rules. Coinbase’s EEA stablecoin policy similarly reflects the split between compliant and non-compliant stablecoins for regional users, while Krakens asset availability page is now part of the practical checklist for

06-18
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