Crypto News & Market Digest
Bitcoin, Ethereum, altcoins and the regulation shaping digital assets.
Clarity Act clears Senate Banking Committee amid ongoing ethics debate
The Clarity Act advanced through the U.S. Senate Banking Committee in a bipartisan vote, representing a key step toward federal crypto market structure legislation. Traders are monitoring further congressional progress on the bill.
Polymarket Hack Losses Reach $3.1 Million
Nearly $3.1 million lost across 11 million user wallets targeted in a phishing scam on Polymarket, days after the platform promised full refunds.
Hyperliquid's HYPE Token Surges 16.5% to New Record High
Hyperliquid's HYPE token rose 16.5% over the past 24 hours to a fresh all-time high, standing out amid broader crypto market consolidation. Bitcoin traded near $77,700 with analysts watching $75,000 support after a liquidation wave.
Major Banks Join UK Tokenization Taskforce
BlackRock, Goldman Sachs, JPMorgan, and Morgan Stanley joined a 54-firm UK government-backed group to develop live tokenization use cases across financial markets over the next year.
Bitcoin Slides 2% as South Korea's Kospi Plunges 10%+
Bitcoin fell about 2.7% to roughly $63,200 extending losses across major cryptocurrencies as Asian equities led by South Korea sold off sharply on July 28. BTC had earlier retaken $65,000 amid de-escalation between the US and Iran and a 5% drop in oil prices.
Bitcoin Drops Below $73,000 as U.S. Strikes on Iran Spark $1B Liquidations
Bitcoin fell below $73,000 amid U.S. airstrikes on Iran, triggering one of the largest liquidation events of the year with nearly $1 billion in positions wiped out. ETH dropped below $2,000 and major altcoins like SOL and XRP also declined sharply.
Bitcoin Drops Below $70,000 Amid Strategy BTC Sale and ETF Outflows
Bitcoin fell 3.8% in 24 hours to below $69,960, the lowest level in weeks, as MicroStrategy disclosed its first BTC sale in years and U.S. spot Bitcoin ETFs saw record outflows exceeding $3 billion over 11 sessions. Derivatives markets showed elevated open interest at 773,000 BTC with high funding rates despite weak spot demand.
Bitcoin ETFs Record Longest Outflow Streak Amid Price Slide
U.S. spot Bitcoin ETFs saw a record $2.97 billion in net outflows over 10 consecutive trading days through Friday, the longest streak since their launch. Bitcoin fell to around $72,000-$73,000 as markets opened June lower amid geopolitical tensions.
Bitcoin Plunges Below $62,000 Amid $3B in Liquidations
BTC crashed to $61,300 before recovering toward $62,500-$63,800, with billions in longs liquidated over two days as prices fell over 4%. Derivatives markets signaled further downside risks while traders loaded puts at $60,000.
Bitcoin spikes to $63,700 then dumps amid Iran-Israel tensions
Bitcoin surged to $63,700 overnight, triggering the most short liquidations since late April with $504 million lost by bearish traders in 24 hours, before pulling back below $63,000 due to fresh Iran-Israel flare-ups and risk aversion in Asian markets.
CFTC Approves First Regulated Crypto Perpetual Futures Contracts
The U.S. CFTC issued landmark approvals for bitcoin perpetual futures on a Kalshi-operated exchange and cleared a Coinbase affiliate for global options and perps access, marking the first domestically regulated perp products and a major step for U.S. crypto derivatives.
Bitcoin Slides to $70,000 Amid Record $3.4B ETF Outflows
U.S. spot Bitcoin ETFs recorded their largest selloff yet with $3.4 billion in outflows over 11 consecutive sessions, the longest streak since launch, as BTC fell 3.4% to below $71,000. Strategy's disclosure of selling 32 BTC for $2.5 million in late May added selling pressure.
U.S. House Ways and Means Committee Weighs Crypto Tax Bills
The committee is gearing up for tax legislation including relief for small crypto transactions as part of broader policy efforts. Discussions also cover the Crypto Clarity Act and related Senate processes.
Understand the moves behind the headlines
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