Category: crypto

Canaccord has lowered Strategy’s price target to $130 while maintaining its positive outlook on Bitcoin. Despite the decrease in valuation, other analysts like TD Cowen, Cantor Fitzgerald, and Benchmark continue to support Strategy. Canaccord believes Strategy’s Bitcoin-focused business model is still viable with moderate annual gains. Strategy recently introduced a new Digital Credit Capital Framework…

President Trump’s positive comments on U.S.-Iran negotiations boosted crypto markets, lowered oil prices, and increased gold’s market value by $74 billion. Bitcoin hit $60,400, Ethereum rose 2.8%, and the crypto market cap reached $2.14 trillion. Polymarket predicted a 62% chance of extending negotiations, keeping focus on Doha talks.

Bitcoin is facing pressure after U.S. spot ETFs saw outflows of $222.64 million. Changpeng Zhao believes Bitcoin could reach $1 million in the next decade due to low global ownership. Institutional demand paused as Bitcoin struggled to break key technical levels, with support at $57.8K and upside targets at $63.7K–$65.3K.

Singapore court awarded $3 million in damages to 40 investors due to fraudulent misrepresentations by Terraform Labs and Do Kwon linked to the 2022 TerraUSD collapse. The ruling used a revised UST valuation, increasing compensation for claimants. Terraform faces bankruptcy and lawsuits related to the collapse, with ongoing legal challenges.

A Michigan court has temporarily banned Kalshi from offering sports event contracts to state residents until July 13, following a legal battle over federally regulated prediction markets. The court ordered compliance with geolocation rules or face fines. Despite legal challenges, sports prediction trading surged during the FIFA World Cup.

Australia’s new crypto travel rule, effective July 1, requires regulated exchanges to collect sender, receiver, and wallet details for digital asset transfers. Self-custody remains allowed, but transfers involving regulated platforms will face additional user checks. The rule applies to virtual asset service providers linked to Australia, impacting various crypto transactions.

Sleepagotchi is an AI-powered decentralized wellness application that uses AI agents to process health data on users’ devices, keeping biometric information private. The platform uses its SLEEP token for premium features and plans to integrate with wearable devices. It aims to provide personalized health insights while giving users ownership of their data.

TD Cowen reduced its price target for Strategy stock to $260, but maintained a buy rating, citing a weaker long-term Bitcoin outlook. Despite this, investors are watching for Strategy to resume Bitcoin purchases as its mNAV remains below 1.0. The company’s new capital plan aims to improve financial flexibility.

MetaMask launched Money Account on Monad, offering stablecoin accounts with up to 4% yield, spending, and trading all in one balance. Users can convert supported stablecoins into mUSD at a 1:1 ratio and earn returns without staking or lockup periods. The account is available globally, excluding the UK.