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Bitcoin's Record-Long Summer Lull: How Should You Trade It?
Bitcoin has been locked in a 10% trading channel for 39 days, putting it just days away from the longest range-bound streak ever recorded. How should you trade the asset during this summer lull and where will it go once BTC breaks out from the range? CoinDesk’s Andy Baehr breaks it down on “Chart of the Day,” presented by crypto.com.
Strategy Adds Over 10K BTC to Its Bitcoin Treasury
The overall crypto market remain stable with a slight uptrend under the looming threat of war in the mideast. Plus, Vietnam passes new crypto law and Strategy buys 10,100 more BTC. CoinDesk’s Sam Ewen hosts “CoinDesk Daily.”
Walmart, Amazon Consider Stablecoins in the U.S.: Report
Walmart and Amazon are considering issuing their own stablecoins in the US according to a report by the Wall Street Journal. If launched, this could dramatically reduce merchant fees and speed up payment settlements. Will we see exponential growth in the total market cap of stablecoins? CoinDesk’s Jennifer Sanasie breaks it down on “Chart of the Day,” presented by crypto.com.
Israel's Strikes on Iran Sends Bitcoin Tumbling
Bitcoin tumbled below $104,000 before rebounding as Israeli forces bombed targets in Iran, including the country's capital. The airstrikes on Iran’s nuclear and missile sites roiled global sentiment and sent investors fleeing risk assets, sending the CoinDesk 20 index down nearly 6% in the last 24 hours. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
Major Step Toward U.S. Stablecoin Bill; GameStop Doubles Down on Bitcoin
The U.S. Senate passed its first significant vote 68-30 on the long-awaited stablecoin bill, bringing final approval within reach. This legislative momentum is mirrored in the House of Representatives, where a key crypto market structure bill cleared two essential committees on Tuesday. Plus, GameStop is raising another $1.75 billion for potential bitcoin purchases. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
Spot ETH ETFs' 15-Day Inflow Streak Shows Institutional Confidence
Ether rallied to as high as $2,867 in the past week following a soft U.S. CPI reading, a tentative pact between the U.S. and China, as well as the reignited confidence among institutional investors. Data tracked by Sosovalue shows spot Ether ETFs have recorded a 15-day streak of inflows since May 16th. Could the second largest crypto by market cap push for the $3,000 level last seen in February? CoinDesk’s Jennifer Sanasie breaks it down on “Chart of the Day,” presented by crypto.com.
SOL Jumps 5% on Report of Spot ETF Development
Solana's SOL token surged 5% after a report revealed that U.S. regulators are advancing the process for spot SOL ETFs. The SEC has requested amendments to S-1 filings from prospective issuers, with comments expected within 30 days, according to the Blockworks report. CoinDesk’s Jennifer Sanasie breaks it down on “Chart of the Day,” presented by crypto.com.
Will CPI Reading Boost Bitcoin?
Bitcoin briefly jumped above $110,000 this morning amid an agreement between the U.S. and China to lower tensions. Will the market rise once the two economic superpowers eventually reach a broader tariff deal? Plus, Polygon’s Sandeep Nailwal is set to take over as the CEO of the Polygon Foundation amid strategic shakeup. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
What's Driving HYPE Token's Surge to New All Time Highs?
Decentralized exchange Hyperliquid's native token HYPE has soared to an all-time high of above $40 this morning. What's behind the surge and can it reach $100? CoinDesk’s Jennifer Sanasie breaks it down on “Chart of the Day,” presented by crypto.com.
