Bitcoin Miner Stress Hits ‘Historically Rare’ Level as 20% of Miners Operate at a Loss
Key Takeaways Similar miner-stress declines appeared near bitcoin bottoms in 2015, 2018 and 2020. JPMorgan estimates bitcoin has traded below its $78,000 production cost for five straight months. Vaneck found past hashrate contractions preceded median 90-day returns in the high-40%…
UnionBank Waives InstaPay Person-to-Person Transfer Fees Starting July 7
Union Bank of the Philippines (UnionBank) will eliminate transaction fees for real-time person-to-person fund transfers through the InstaPay network starting July 7. The Aboitiz family-led lender announced the policy update through an official advisory, joining other commercial banks that have…
Blackrock’s IBIT Sees $773 Million Weekly Exit as Bitcoin ETFs Lose $527 Million
Key Takeaways Bitcoin exchange-traded funds (ETFs) lost $527M, with Blackrock’s IBIT driving an 8th straight weekly outflow. XRP, Solana and HYPE ETFs gained, showing selective demand beyond bitcoin. Blackrock’s ETHA helped ether recover, but ETFs still ended the week with…
Prediction Markets Surge Over Folarin Balogun’s Suspended FIFA Red Card
Key Takeaways FIFA suspended Folarin Balogun’s red card, fueling a prediction market with $300K in trading volume. Trump admitted calling FIFA’s president to review the ban, sparking controversy over political interference. Belgium officially contested Balogun’s eligibility, threatening further actions for…
Bitcoin Rebounds Above $63,500 After Strategy’s $216M Sale Triggers $214M in Short Liquidations – Bitcoin News
Key Takeaways Strategy sold 3,588 bitcoins for $216 million between June 29 and July 5 to fund preferred stock dividends. The sale sparked a brief Monday dip to $61,246, liquidating $214 million in short bets across the crypto economy. Bulls…
42,197 ETH Acquired as Bitmine Builds $11.1B Crypto Treasury While Strategy Sells
Key Takeaways Strategy sold 3,588 BTC on Jul. 5 to fund preferred stock dividends. Bitmine added 42,197 ETH, bringing holdings to 5.74 million ether. Tom Lee targets 5% of ethereum supply as institutional treasury models evolve. Strategy Breaks With Its…
XRP Gets Major Institutional Boost as Ripple Becomes Fully MiCA Compliant
Key Takeaways XRP now has a clearer path to institutional adoption across the 30-country European Economic Area under MiCA. Ripple’s MiCA authorization strengthens access to XRP Ledger-based liquidity routes for regulated financial institutions. XRP’s upside is increasingly tied to real-world…
Nigeria SEC Admits Kucoin and GIGX as ARIP Sandbox Grows to 9 Supervised Crypto Firms
Key Takeaways Nigeria’s SEC expanded its ARIP sandbox by admitting KuCoin and GIGX on July 2, 2026. The program now monitors 9 total crypto firms as they work toward gaining full operational licenses. Nigeria SEC stresses AIP is not full…
Nigel Farage Faces Fresh Scrutiny as Report Links Convicted Crypto Gambling Entrepreneur to Undisclosed Benefits
Key Takeaways On July 5, 2026, Nigel Farage was referred to watchdogs for failing to declare aid from a convicted crypto gambling entrepreneur. Under intense pressure, UK ministers plan a July 2026 legislative crackdown to ban large foreign-based political donations….
Interactive Brokers Platform Reportedly Accessible Again Without VPN in the Philippines
Philippine retail investors reported that the international online trading platform Interactive Brokers (IBKR) is once again accessible without a virtual private network (VPN) across major domestic internet service providers (ISPs). The development follows months of access restrictions implemented by local…
