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Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations

Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations

Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%.

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FriendTech says native token will stay on Base, emphasizes community control

The platform said last month that it intended to migrate away from Base to a new blockchain it created with Conduit.

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US spot bitcoin ETFs see $20 million net outflows while most funds record zero flows

Grayscale’s GBTC reported daily net outflows of $26.99 million, countered by $6.55 million in net inflows from Fidelity’s FBTC.

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BitMEX launches new memecoin basket index tracking crypto market’s top 10 memecoins

BitMEX has launched a new memecoin basket index offering traders exposure to the top ten memecoins in the market through a single contract.

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When Do Secondary Token Sales Violate Howey?

A federal judge overseeing the U.S. Securities and Exchange Commission’s case against Binance ruled that most of the case can proceed, but dismissed charges tied to the sale of BUSD and secondary sales of BNB.

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Judge sides with CFTC, deems OHM and Klima commodities in case involving crypto ‘Ponzi’-like scheme

A judge sided with the CFTC and ordered an Oregon man and his company to pay over $120 million in what the agency called a “Ponzi”-like scheme.

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Ethereum ETFs could come as soon as next week as Bitwise files amended S-1 early

Bitwise has filed an amended S-1 form for an Ethereum ETF several days ahead of its July 8 deadline, indicating it’s nearly ready for launch.

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CryptoQuant says ‘extremely underpaid’ bitcoin miners’ capitulation is a possible bottom signal

As miner profitability approaches historic lows following April’s halving, trends may point to a bottom in bitcoin’s price.

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The Protocol: ‘Private Jet Brandization’ Is One Way Polkadot Burnt Cash

Crypto twitterati showed no mercy as Polkadot published a transparency report detailing spending on $87 million of DOT tokens – a lot of it on marketing. PLUS blockchain tech news and project highlights from the past week.

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Solana-based GPU tokenization protocol Compute Labs raises pre-seed round at $30 million token valuation

Compute Labs, the developer of a Solana-based GPU tokenization protocol, has raised $3 million in a pre-seed funding round.

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