Author: James Wilson
SkyBridge Capital founder Anthony Scaramucci and Galaxy Digital CEO Mike Novogratz said Bitcoin could reclaim $70,000 by the end of July 2026. Summary Scaramucci sees negative Bitcoin sentiment as fuel for a possible move back above $70K soon. Novogratz says CLARITY Act progress could support Bitcoin, but timing remains politically uncertain this summer. The SpaceX IPO and Strategy trades add pressure to an already cautious crypto market setup. They made the call on the latest All Things Markets episode, which centered on SpaceX, U.S. debt, inflation, crypto rules, and Strategy’s Bitcoin moves. Scaramucci said he expects Bitcoin to return to…
Robert Kiyosaki has again urged followers to move away from cash and into hard assets. Summary Robert Kiyosaki renewed his cash warning while promoting gold, silver, Bitcoin, and Ethereum as alternative assets. Bitcoin and Ethereum remain under pressure after June’s selloff, ETF outflows, and broader macro stress. Market attention continues to rise on growing fear, but stronger demand still requires confirmation from sustained buying activity. In a June 13 post on X, the Rich Dad Poor Dad author asked how much a trillion dollars is, then used the answer to attack dollar savings. Kiyosaki wrote that “cash is trash” and…
Bitcoin mining difficulty fell 10.09% after lower prices pushed weaker miners offline and slowed block production. Summary Bitcoin’s 10.09% difficulty drop gave active miners more output after weaker operators paused machines offline. Galaxy Research tied the adjustment to June’s Bitcoin price slide and a longer mining epoch. Crypto.news reports show miners are redirecting power toward AI and high-performance computing revenue streams globally. Bitcoin difficulty records sharp June drop Bitcoin completed one of its largest downward mining difficulty changes at block 953,568. Galaxy Research data cited by WuBlockchain showed the difficulty fell from 138.96T to 124.93T. The move ranked as Bitcoin’s…
Pyth Network is drawing renewed attention after a recent thread from market commentator Whale Factor outlined the project’s push into institutional financial data. Summary Pyth is expanding beyond DeFi with institutional data products and enterprise revenue growth. PYTH has recovered from recent lows, though major token unlocks remain a concern. Traders are watching whether adoption growth can outpace future supply entering markets. The discussion comes as PYTH trades near $0.039 after rebounding from its June low, while investors assess whether growing adoption can offset supply concerns. The project has traditionally operated as a blockchain oracle network, providing price data to…
India’s crypto tax checks have become stricter after the Income Tax Department issued more than 44,000 notices linked to virtual digital asset filings. Summary India issued over 44,000 VDA notices after matching crypto filings with exchange-reported transaction data. Tax officials found Rs 888 crore in hidden VDA income as filing checks became stricter. Investors must report each trade, swap, and disposal under Schedule VDA for FY 2025-26. The department found more than Rs 888 crore, or about $104 million, in undisclosed VDA income, according to The Economic Times. The figures show how tax officials are using exchange data, TDS filings,…
The Commodity Futures Trading Commission has taken New Mexico to federal court over efforts to regulate prediction markets. Summary The CFTC sued New Mexico officials to stop state gaming laws from applying to Kalshi contracts. New Mexico accused Kalshi of offering unlicensed sports betting and allowing underage participation. CFTC Chair Michael Selig said federally regulated exchanges fall under the agency’s jurisdiction. The lawsuit targets state officials after New Mexico moved against Kalshi over alleged unlicensed sports betting activity. The dispute adds another chapter to the growing conflict between state regulators and federal authorities over prediction market oversight. CFTC challenges New…
Humanity Protocol has attributed a roughly $36 million token theft to hackers linked to North Korea after an investigation found that attackers gained access to critical private keys through a compromised developer device. Summary Quantstamp linked Humanity Protocol’s $36 million exploit to tactics associated with North Korea-linked hackers. Attackers gained access to seven private keys stored on a malware-infected developer machine and drained 141 million H tokens. Humanity Protocol said no smart contracts were exploited, with the breach resulting from compromised credentials instead. According to Humanity Protocol’s June 13 disclosure of a security investigation conducted by Quantstamp, attackers obtained control…
Siren has plunged about 75% to $0.126 after a large holder reportedly sold 17 million tokens across multiple on-chain addresses, triggering one of the steepest declines seen in the market this week. Summary SIREN crashed about 75% to $0.126 after a whale reportedly sold 17 million tokens across multiple wallets. Open interest fell nearly 40% to $28 million as traders unwound positions and reduced leverage. The sell-off renewed concerns over token concentration, with analyst EmberCN claiming whales control 94% of SIREN’s supply. According to on-chain analyst EmberCN, a whale sold roughly 17 million SIREN tokens, including 6.75 million siren2-native tokens,…
Bitcoin has entered a period where preparations for quantum-resistant security should begin immediately, according to a new report from Coinbase’s independent advisory board of cryptography experts. Summary Coinbase’s advisory board says Bitcoin should begin preparing for a transition to quantum-resistant cryptography now. The report does not endorse freezing vulnerable BTC, leaving the decision to the Bitcoin community. Researchers estimate that between 1.7 million and 5 million BTC could face future quantum-related risks. According to the report published by Coinbase’s advisory board, the Bitcoin community should start developing and implementing a migration path to post-quantum cryptography now rather than waiting for…
Cathie Wood’s ARK Invest purchased roughly $444 million worth of SpaceX shares on June 12 while reducing its exposure to Advanced Micro Devices, making one of its biggest portfolio shifts as Elon Musk’s rocket company began trading on public markets. Summary ARK Invest purchased 3.29 million SpaceX shares worth roughly $444 million across four ETFs on June 12. The firm also trimmed its AMD position, selling 80,536 shares valued at about $39.3 million. SpaceX closed its first trading day nearly 19% above its IPO price, pushing its market value above $2.1 trillion and helping Elon Musk become the world’s first…