
Bitcoin Bounces Above $62K as Weak Jobs Data Dents Rate Hike Bets
Bitcoin rose above $62,000 after a disappointing US jobs report lowered expectations for a near-term Fed rate hike.
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Original coverage across the crypto market, updated daily.

Bitcoin rose above $62,000 after a disappointing US jobs report lowered expectations for a near-term Fed rate hike.

EU regulators say derivative function outweighs labeling in assessing compliance.
Unconfirmed on-chain data suggests MicroStrategy sold 491 BTC on July 1, but Bitcoin price showed little reaction.
Major asset managers like BlackRock and Fidelity drive institutional bitcoin adoption following spot ETF approval in January 2024.

Standard Chartered becomes first global systemically important bank to let institutions mint and redeem USDC directly.

New structure uses Broadridge and Oasis Pro to keep tokenized securities within US market rules.
Avalanche Treasury's stock has fallen 73% from its debut, and management has expressed substantial doubt about the company's ability to continue.

A June 29 Supreme Court decision undermines the independence of regulatory agencies, potentially affecting crypto enforcement.

US clears Fable 5 and Mythos 5 on June 30, reversing a cybersecurity-related export order.
Sovright, a new Zcash-focused nonprofit, unveils Argos, a tool to recover shielded funds stuck on ZEC Wallet Lite.

BlackRock's spot bitcoin ETF recorded $300 million in outflows while smaller funds absorbed some of the capital.

Samsung and SK Hynix accelerate chip plant construction to meet AI demand, highlighting a broader capital shift from crypto to AI.

OpenAI's GPT-5.6 tiers named Sol, Terra, Luna trigger YOLO trades on Terra Classic and Luna Classic tokens.

Binance shuts European services due to licensing issues; EthLabs nonprofit backed by BitMine and Joe Lubin aims to drive Ethereum adoption.

A CryptoQuant analyst points to Bitcoin UTXO data as an indicator that capitulation may be underway, historically a buying opportunity for long-term holders.
Former Ripple CTO says a payment concept from 2004 preceded Bitcoin, but the XRP Ledger launched later in 2012.
The DeFi protocol aims to recover and return funds drained from 374 wallets via a software flaw.

Kalshi launches crypto perpetuals in the US, but shallow depth and spreads may limit altcoin trading to Bitcoin only.

SOL recovered to $66.56 after dipping to $64.56, while Bitcoin fell to $58,189 and Fed rate hike odds remained above 60%.
The GENIUS Act, signed into law July 18, 2025, creates the first federal regulatory framework for payment stablecoins in the United States.

The blockchain-based IP platform shifts focus to providing licensed data to AI firms.

A major US arbitration firm introduces a legal framework to resolve disputes in autonomous AI transactions.
Grayscale Research flags 15 protocols as undervalued on cash flows ahead of potential CLARITY Act passage.
Coinbase launches its Luxembourg-based MiCA hub for all EU member states while Binance pulls out of Greece ahead of the deadline.