Wall Street Banks See Further Upside for SpaceX, Set Targets as High as $300

Wall Street banks that worked on SpaceX’s initial public offering have issued their first research reports, offering broadly bullish views on the company. Goldman Sachs, Morgan Stanley and UBS were among the IPO underwriters that published investment

Wallets Linked to Bitmine Acquire Another $71.62 Million of Ether

Two newly created wallets believed to be linked to Bitmine have made another large Ether purchase, on-chain analytics platform OnchainLens said. The two wallets received a combined 40,000 ETH from crypto exchange Kraken and institutional broker Falco

SBI Holdings Invests $76 Million in Institutional Crypto Exchange EDX Markets

SBI Holdings has invested $76 million in EDX Markets, an institutional digital-asset trading platform, as the Japanese financial group expands its global digital-asset infrastructure. The Block reported on July 7 that SBI was the sole investor in EDX

Ripple Wins Full MiCA License in Luxembourg, Opening EEA-Wide Crypto Services

Ripple has received formal authorization under the European Union's Markets in Crypto-Assets, or MiCA, framework. The company secured a crypto-asset service provider, or CASP, license from Luxembourg's financial regulator, Cointelegraph reported on J

CryptoQuant CEO Says Bitcoin’s 24-Hour Rebound Was Driven by Whales

Bitcoin’s recent rebound was driven by whale investors leading activity in both the spot and futures markets, according to an analysis. On July 6, Ki Young Ju, chief executive officer of on-chain analytics firm CryptoQuant, wrote on X that “whales dr

Bitcoin Tops $64,000

Goldman Sachs Sees Yen Falling to 165 Per Dollar Within a Year as BOJ Delays Rate Hikes

Goldman Sachs expects the Japanese yen to weaken to 165 per dollar within the next year as the Bank of Japan's slow pace of rate increases keeps pressure on the currency. Bloomberg reported on July 6 that Goldman raised its 12-month dollar-yen foreca

Nearly 1 Million Trump Meme Coin Buyers Lose $3.8 Billion as Trump Gains $630 Million

Nearly 1 million holders of President Donald Trump’s Official Trump meme coin have posted combined losses of $3.8 billion. The New York Times, citing a report by on-chain analytics firm Nansen, reported that 988,905 Official Trump buyers were sitting

UK to Tighten Political Donation Rules, Targeting Crypto Billionaire Giving

The UK government is moving to tighten political donation rules to block foreign money from entering domestic politics. Bloomberg reported on July 5 that the government plans to require donors who have returned to the UK from overseas to wait one yea

Farage Accused of Failing to Disclose Support Tied to Crypto Betting Platform

Nigel Farage, leader of the U.K. right-wing party Reform UK, has been accused of receiving financial support from a figure linked to a crypto gambling platform over several years without disclosing it. The Block and The Sunday Times reported on July

Today’s Key Economic and Crypto Events: US June S&P Global Services PMI Due

Today’s Key Economic Events ▶ Monday, July 6: US June S&P Global Services PMI (10:45 p.m. Korea Standard Time); US June ISM Non-Manufacturing PMI (11 p.m. Korea Standard Time); speech by Federal Reserve Governor Christopher Waller (12 a.m. Korea Stan

US Spot-Bitcoin ETFs Log Record Eighth Straight Week of Net Outflows

US spot-Bitcoin exchange-traded funds posted net outflows for an eighth straight week, extending the longest losing streak since the products launched. The Block, citing SoSoValue data on July 4, reported that US spot-Bitcoin ETFs recorded about $527

US CLARITY Act’s Path Before August Recess Clouded by Ethics Fight

Prospects for passage of the CLARITY Act, a US crypto market-structure bill, are becoming less certain. CoinDesk reported on July 5 that Patrick Witt, a White House adviser on digital assets, said in May he hoped the CLARITY Act would be signed by Ju

Chiliz Launches Fan Token Intel MCP on OKX AI Marketplace

Chiliz, a global sports and entertainment blockchain company, said July 2 that it launched Fan Token Intel MCP, a dedicated intelligence layer for sports fan tokens, on OKX's AI agent platform, OKX AI. OKX AI is an AI marketplace built to let AI agen

Trump Crypto Income Disclosure Revives Push for CLARITY Act Ethics Rules

Calls are mounting to add ethics provisions to the CLARITY Act, the US crypto market-structure bill, after disclosures showed President Donald Trump made hundreds of millions of dollars from digital-asset businesses. The Block reported on July 1 that

Oil Falls for Third Straight Day as Hormuz Flows Recover, US-Iran Talks Advance

Oil fell for a third straight trading day as flows through the Strait of Hormuz recovered and expectations grew for progress in US-Iran talks. West Texas Intermediate traded near $68 a barrel on July 1, while Brent had closed below $72 a barrel a day

Cboe Seeks SEC Approval for Binary Options on Company KPIs, Including Coinbase Volume

Cboe Global Markets is seeking to list a new type of binary option tied to corporate earnings metrics. Bloomberg reported on July 1 that Cboe filed with the US Securities and Exchange Commission to win approval for listing Binary KPI Options. The pro

Bitcoin Rebounds After 21-Month Low, Regains $60,000 as Leverage Risks Persist

Bitcoin rebounded after falling to a 21-month low, but leverage indicators are still flashing warning signs. Cointelegraph reported on July 1 that Bitcoin fell as low as $57,737 during the session, its lowest level in 21 months, before rebounding to

US Spot-Bitcoin ETFs See $222.6 Million in Net Outflows, Extending Streak to Nine Sessions

U.S. spot-Bitcoin exchange-traded funds recorded more than $200 million in net outflows in a single day. Data from Farside Investors showed U.S. spot-Bitcoin ETFs posted total net outflows of $222.6 million on June 30. It was the ninth straight tradi

Florida Man Pleads Guilty in $250 Million Crypto Liquidity Pool Fraud

A Florida man pleaded guilty to fraud charges after using purported cryptocurrency liquidity-pool investments to lure victims and then spending the money on luxury goods and real estate. The U.S. Attorney’s Office for the Middle District of Florida s

Gold Steadies Near $4,000 as Traders Watch US-Iran Talks, Fed Path

Gold traded in a narrow range as investors monitored US-Iran peace talks and looked to US economic data for clues on the Federal Reserve's rate path. Spot gold traded near $4,000 an ounce on June 30, according to Bloomberg data. The metal has fallen

Key Economic, Crypto Events for July 1: Kevin Warsh Fed Speech on Tap

Today's Key Economic Events ▶ July 1 (Wednesday): US June ADP private payrolls change (9:15 p.m. Korea time); Federal Reserve Chair Kevin Warsh speaks (10 p.m. Korea time); US June S&P Global manufacturing PMI (10:45 p.m. Korea time); US June ISM man

Visa, Mastercard, Coinbase Among 140 Firms Backing Dollar Stablecoin OUSD

More than 140 financial and cryptocurrency companies, including Visa, Mastercard and Coinbase, are teaming up to launch a U.S. dollar-pegged stablecoin. Open Standard announced it will launch OpenUSD, or OUSD, later this year, Cointelegraph reported

SEC Reviews ETF Rules, Seeks Public Comment on New Products Including Crypto Funds

The U.S. Securities and Exchange Commission is reviewing the regulatory framework for new exchange-traded funds, including cryptocurrency ETFs. CoinDesk reported on June 30 that the SEC has launched a 60-day public comment period on an automated appr

US Spot-Bitcoin ETFs See $231 Million of Net Outflows, Extending Streak to Eight Sessions

US spot-Bitcoin exchange-traded funds recorded more than $200 million in net outflows in a single day. Data compiled by Farside Investors on June 30 showed US spot-Bitcoin ETFs posted total net outflows of $231 million a day earlier, marking an eight

June 30 Economic and Crypto Calendar: US May JOLTS Report Due

Key Economic Events Today ▶ June 30 (Tuesday): △ US April S&P CoreLogic Case-Shiller Home Price Index (10 p.m. Korea Standard Time) △ US May JOLTS Job Openings and Labor Turnover Survey (11 p.m. Korea Standard Time) △ US June Conference Board Consume

India’s USDT Shortage Deepens, Driving Stablecoin Premium Above 8.5%

A shortage of Tether’s USDT in India has pushed the local stablecoin premium above 8.5%. USDT in India rose to 102.88 rupees on June 29, the Economic Times reported. That was more than 8.5% above the dollar-rupee exchange rate’s June 27 close of 94.6

Dubai’s VARA Issues 50th Virtual Asset License

Dubai’s Virtual Assets Regulatory Authority has issued its 50th virtual asset service provider license. Cointelegraph reported June 29 that VARA granted the new license to tokenized asset platform Tribe Tokenisation FZE. The approval brings the total

Bithumb Becomes First Korean Crypto Exchange to Win YouTube Silver Play Button

Bithumb said Monday it had become the first South Korean cryptocurrency exchange to surpass 100,000 YouTube subscribers, earning the platform’s Silver Play Button creator award. The YouTube Silver Play Button is awarded to channels with at least 100,

Gold Falls Toward $4,000 an Ounce as US-Iran Tensions Ease

Gold prices fell as easing military tensions between the US and Iran dented demand for haven assets. Spot gold dropped as much as 0.9% on June 28, sliding toward $4,000 an ounce, Bloomberg reported. That pared part of the 1.6% advance on June 27. The