OneLiners
Deribit Warns of Bitcoin Sell-Off Risk Below $60,000
A drop in Bitcoin below $60,000 could intensify selling due to mechanical sales and liquidations, according to Deribit. Analyst Jean-David Pequinot noted that some institutional buyers entered the market in the $60,000–$67,000 range and are now nearing breakeven. More than $1.2 billion in open interest is concentrated in put options at the $60,000 strike, which could prompt market makers to engage in hedging sales of spot or futures.US Proposes Restricting Prediction Markets for Congress Members
Bryan Steil, Chairman of the House Administration Committee, stated that the insider trading bill H.R. 7008 should include provisions regarding prediction markets like Polymarket and Kalshi. The updated rules propose a complete ban on the use of such platforms by Congress members, their spouses, and children, and also include fines of $2000 or 10% of the transaction amount with the confiscation of realized profits.Major US Banks to Launch Tokenized Deposit Network by 2027
JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and other major US banks plan to launch a network of tokenized deposits in the first half of 2027, according to The Wall Street Journal. The Clearing House is expected to operate the project.Mt. Gox Transfers 116.3 BTC to Bitstamp
On July 3, wallets linked to the bankrupt exchange Mt. Gox transferred 116.3 BTC, valued at approximately $8.16 million, to the Bitstamp exchange, according to Lookonchain. This is likely another transaction aimed at settling debts with creditors.We use cookies to improve the quality of our service.
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