Bitcoin price tags $62.3K nine-day high after global stocks hit historic record

Bitcoin (BTC) saw new July highs on Friday as bulls kept pushing over the US holiday period.  Key points:Bitcoin sustains upside momentum as BTC price action nears its 200-week moving average.That trend line now forms the centerpoint of a “strong resistance area.”Global equities hit record levels as Fed rate-hike odds simmer on weaker jobs data.  Bitcoin buyers “chasing” as BTC price eyes key trend line  Data from TradingView showed BTC/USD reaching $62,295 on Bitstamp, its highest since June 24.BTC/USD four-hour chart. Source: Cointelegraph/TradingView  US markets were closed for the Independence Day holiday, with the Dow Jones closing at record highs the day prior. As noted by trading resource The Kobeissi Letter, the global stock market cap also hit new all-time highs.  “Global equities are in the midst of one of the most powerful rallies in history,” it wrote in a post on X.Source: The Kobeissi Letter/X  Commenting on the latest BTC price action, X commentator Exitpump eyed “controlled slow buying” on exchanges.  “Looks good for continuation higher, although keeping in mind 62K - 62.5K as a strong resistance area,” they told X followers.BTC/USD order-book data. Source: Exitpump/X  Trader Daan Crypto Trades focused on the 200-week simple moving average (SMA), currently at $62,652, for the weekly candle close.  “It is

07-04انڈسٹری

Bitcoin supply metric prints first 'buy' signal since late 2022 as bear market continues

Bitcoin (BTC) has added another bear-market bottom signal this month as analysis draws comparisons to November 2022.  Key points:Bitcoin adds to its list of bear-market bottom signals with a key supply ratio “buy” trigger.A bear-market floor could still be some time off, analysis says, with supply held at a loss still relatively low.Demand is the missing piece of the puzzle to shore up a bullish rebound.  Bitcoin profit metric echoes 2022 bear-market bottom zone  In a blog post on Friday, crypto analyst Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, confirmed the return of a key Bitcoin buy signal.  Advanced Net UTXO Supply Ratio, which measures the proportion of the BTC supply which last moved in profit or loss, is back in negative territory for the first time in nearly four years.  “The ratio dropped into deeply negative territory and then crossed back above the signal threshold on the rebound, which caused the model to print BUY on several sessions in late June and early July,” Adler wrote.  “This is the first buy trigger since November 2022, which was the bottom of the previous bear cycle.”Bitcoin Advanced Net UTXO Supply Ratio. Source: CryptoQuant  UTXO Supply Ratio cues do not imply that a macro bottom has

07-04انڈسٹری

Belgian police arrest suspected phishing gang leader tied to $572K theft

Belgian authorities arrested a 19-year-old suspected of being a key figure in a European phishing and money-laundering network that stole more than 500,000 euros ($572,000) using fake government emails and phone calls to trick victims into installing remote-access software.  Authorities detained the suspect in an Airbnb in Antwerp, where a second suspect was also found. The Federal Judicial Police launched the investigation in March 2026, when phishing attacks became a priority in the region, according to a Thursday police report.  The main suspect was brought before an investigating judge, who issued an arrest warrant. The gang used money mules and cash carriers and laundered the proceeds through cryptocurrencies.  The investigation shows that crypto can play multiple roles in phishing operations, including as a means of laundering illicit proceeds.  Phishing dominates crypto security losses  Phishing is also a major threat to cryptocurrency investors, accounting for the majority of the $482 million lost in the first quarter of 2026. Phishing and social engineering attacks accounted for $306 million of those losses, according to Hacken.  Phishing attacks and social engineering scams are a long-standing hurdle for the crypto industry, as attackers exploit human behavior rather than the code of a protocol.  On May 25, onchain analyst “b-block” warned that scammers

07-04انڈسٹری

Zcashs Ironwood upgrade faces possible delay over infrastructure readiness

Shielded Labs has raised the possibility of delaying Zcashs Ironwood network upgrade, warning that ecosystem participants like exchanges, mining pools and wallets may not have enough time to prepare their systems for the planned activation in late July.  Jason McGee, executive director of Shielded Labs, said in a Zcash community forum post that two major projects are moving forward at the same time. Alongside Ironwood, infrastructure providers are being asked to replace Zcashs longstanding node and wallet software, zcashd, with a new collection of tools known as the Z3 stack.  The concerns highlight the trade-off between quickly restoring confidence in Zcashs shielded supply and giving ecosystem participants enough time to deploy and audit the new infrastructure safely.  Ironwood was proposed after researchers discovered an “infinity” bug in Orchard, Zcashs main private transaction pool. The flaw could theoretically have allowed an attacker to create an unlimited amount of counterfeit ZEC tokens inside the pool without detection. Developers said there was no evidence that the pool had been exploited. However, Orchards privacy features make it impossible to prove that no fake coins were created.Source: Zooko Wilcox  Ironwood rollout collides with Zcash software migration  Ironwood would open a replacement private pool and prevent new activity inside the existing

07-04انڈسٹری

Revolut to delist USDT in August, citing regulatory and risk concerns

Revolut, a crypto-friendly digital banking platform headquartered in the United Kingdom, notified some users it will delist Tether USDt (USDT) stablecoin in August, citing regulatory and risk concerns.  In a Friday customer notice seen by Cointelegraph, Revolut said users will no longer be able to buy USDT starting July 6, with full delisting scheduled for Aug. 31, 2026.  If users do not sell or withdraw their USDT by the end of August, Revolut will automatically convert any remaining USDT holdings into users‘ base currency at the day’s exchange rate, the company said.  USDT deposits will no longer be supported after July 30, 2026, after which any incoming USDT transfers will be rejected, it said.  The move highlights how major fintech companies are adjusting stablecoin access in response to shifting regulatory frameworks. It also raises questions about timing, as exchanges such as Coinbase began delisting USDT in Europe in 2024 to align with EUs Markets in Crypto-Assets (MiCA) requirements.  Revolut does not cite exact framework for delisting  Revolut has not clarified whether the USDT delisting will apply globally or only in specific jurisdictions.  Addressing the reasons for delisting USDT, Revolut cited “regulatory and risk considerations” without expanding what regulations specifically have triggered the move.Source: Cointelegraph  The company was granted

07-04انڈسٹری

Defendant files to dismiss New York lawsuit seeking ownership of 39,069 Bitcoin wallets

A pseudonymous defendant has moved to dismiss a New York lawsuit seeking ownership of 39,069 dormant Bitcoin addresses, arguing that Bitcoin addresses are merely data strings that cannot be sued.  The defendant, identifying themselves as “John Doe 33,” filed a notice of appearance and motion to dismiss on Thursday, claiming they control one of the dormant wallets named in the lawsuit.  According to the motion, the lawsuit is legally defective because Bitcoin address strings are neither persons nor legal entities subject to the courts jurisdiction. The filing argues that a public Bitcoin address cannot itself be “found” under New Yorks lost-property law because it has always been publicly visible on the blockchain.  The filing challenges the lawsuit filed in May by plaintiff “Noah Doe” and two Wyoming-based LLCs, ABC Company and XYZ Company. The plaintiffs claim the Bitcoin tied to the listed addresses constitutes abandoned property that they reported to the New York Police Department and claimed under New York lost-property law.  Regardless of how the court rules on ownership, it remains unclear how the plaintiffs could recover any Bitcoin without possessing the private keys needed to access the wallets.  Defendant files a motion to dismiss the case seeking ownership of 39,069 Bitcoin wallets. Source:

07-04انڈسٹری

US law enforcement group drops opposition to CLARITY Act: Report

The Major County Sheriffs of America reportedly said it no longer opposes the CLARITY Act after initially raising concerns over how the bill would affect illicit finance investigations.  In a letter to US Senate Banking Committee chair Tim Scott and Senator Elizabeth Warren on Friday, the MCSA said it shifted its stance on the CLARITY Act to “neutral” after some of its concerns in a May 14 letter regarding Section 604 in the bill were addressed.  Section 604 relates to the Blockchain Regulatory Certainty Act, which seeks to protect developers from liability for illicit activity committed by users on their decentralized platforms.  The MCSA previously contended that Section 604 could create a loophole for criminals to exploit, making it tougher for law enforcement to investigate crypto-related crimes.Source: Eleanor Terrett  While the CLARITY Act has bipartisan support, its passage through the Senate has largely been stalled by banking groups seeking to restrict stablecoin yield, which they argue functions like an unregulated deposit product that could drive trillions of dollars in outflows from the traditional banking system.  The bill has been awaiting a full Senate vote since May, when the Senate Banking Committee passed the bill mostly along party lines.  Senators in favor of the bill are pushing

07-04انڈسٹری

Bitcoin profit and loss ratio falls to 43-month low

Bitcoins realized profit and loss ratio has fallen to a 43-month low of -0.35, a figure that signals extreme market-wide loss conditions but has historically coincided with market bottoms, blockchain analytics platform CryptoQuant said.  The Bitcoin realized Ps aggregate on-chain cost basis — a level that has historically coincided with strong forward returns of 41% at six months and 81% at 12 months.  Livingston acknowledged that buying Bitcoin right now “feels awful,” but that‘s precisely why it’s trading at a discount, he argued.  “Waiting for ‘the bottom’ is a wonderful plan with one flaw. The bottom never announces itself,” Livingston said, recommending investors buy now rather than overpay at the top.

07-04انڈسٹری

ESMA warns many prediction market event contracts already face EU retail ban

The European Securities and Markets Authority (ESMA) has warned that many prediction market contracts may already fall under existing restrictions on binary options, saying companies cannot avoid financial regulations simply by marketing them as “event contracts.”  In a public statement on Friday, the regulator reminded companies that event contracts meeting the definition of financial instruments are already prohibited from being marketed, distributed or sold to retail investors under national measures implementing ESMAs 2018 binary options restrictions.  ESMA said the assessment depends on a contracts characteristics rather than how it is marketed, adding that event contracts with binary outcomes and fixed payouts are likely to qualify as financial instruments subject to the restrictions.  The regulator also told companies that offering qualifying event contracts to professional or institutional clients still requires authorization under the EUs Markets in Financial Instruments Directive, or MiFID II, regardless of whether retail investors are excluded.Excerpt from ESMAs July statement on event contracts. Source: ESMA  The statement does not introduce new restrictions. ESMA said it issued the reminder after observing increased offerings of event contracts and the rapid growth of prediction markets, noting that qualifying binary options have already been subject to national restrictions across the EU since 2018.  Related: StanChart joins ESMAs

07-04انڈسٹری

Crypto Biz: Bitcoin maximalism meets the realities of capital markets

For years, Michael Saylors Strategy built its brand around a simple mantra: Buy Bitcoin. Never sell. This week, that narrative changed.  The company authorized up to $1.25 billion in Bitcoin sales under a new capital framework. At current prices, that equates to roughly 21,000 BTC that could eventually hit the market — a reminder that even Bitcoin‘s most committed corporate holder isn’t immune to the realities of capital management.  This week‘s Crypto Biz explores how the digital asset industry is entering a more pragmatic phase, where ideological purity is giving way to financial discipline. It also examines the intensifying stablecoin race as issuers compete for reserve yield, Fidelitys latest defense of Bitcoins long-term security model and the crypto industry’s growing political influence ahead of the 2026 US midterm elections.  Strategy authorizes $1.25 billion in Bitcoin sales to fund dividends, buybacks  Strategy has authorized up to $1.25 billion in Bitcoin sales under a new capital framework that will fund shareholder dividends, bolster cash reserves and repurchase stock while preserving its long-term Bitcoin strategy.  The companys new “Digital Credit Capital Framework” raises the annual dividend on its STRC preferred stock from 11.5% to 12%, establishes a formal Bitcoin monetization program and expands capital return initiatives through buybacks

07-04انڈسٹری
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