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U.S. spot bitcoin ETFs experienced net inflows of $84 million on Monday, marking the seventh consecutive day of positive flows. An analyst indicated that this reflects a favourable change in market sentiment due to improving macroeconomic conditions.
Bitcoin is striving to fully revive the bull market, yet market participants remain cautious, with some even anticipating a return to $76,000 following new all-time highs.
Summary: SEC staff stated that proof-of-work mining does not constitute the offer and sale of securities. The SEC also discussed mining pools, where participants combine their processing power and share the rewards.
Bitcoin traders often reduce risk ahead of FOMC meetings, yet crucial price metrics are indicating a divergence. Will BTC surge when the Fed minutes are published?
Spot bitcoin ETFs in the U.S. experienced net inflows of $274.6 million on Monday, marking the largest daily inflows since 4th February. These ETFs had previously seen five consecutive weeks of net outflows amounting to over $5 billion.
Bitcoin traders and analysts consider potential BTC price targets as upward liquidity increases and market sentiment increasingly fears levels below $70,000.
BTC price movements suggest that positive news on inflation is actually negative due to ongoing US trade war concerns, which are reducing the appetite of risk-asset traders.
Bitcoin experiences its largest weekly decline against the US dollar to date, as traders in risk assets rush to exit.
The price of Bitcoin fell after US President Donald Trump pledged not to sell any of the government's current Bitcoin holdings, but did not make a firm commitment to purchase more.
- 05:00Major U.S. labor unions say Senate crypto bill lacks "meaningful safeguards"Jinse Finance reported that the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) opposes the Responsible Financial Innovation Act (RFIA) and stated in a letter to the Senate Banking Committee on Tuesday that the bill would pose significant risks to workers and the financial system. Jody Calemine, Director of the AFL-CIO, said that the bill's approach to crypto assets "poses risks to retirement funds and the overall financial stability of the U.S. economy." He added that the bill would allow the crypto industry "to operate more broadly and deeply within our financial system without sufficient oversight or meaningful safeguards." Senators Cynthia Lummis and Kirsten Gillibrand originally introduced the RFIA in 2022 and revised it earlier this year. The Senate Banking Committee is working on this bill as an alternative approach to regulating cryptocurrencies, with a different scope and regulatory focus, rather than advancing the House-passed market structure bill, the CLARITY Act, from July.
- 04:58A certain whale deposited 5.8 million USDC into Hyperliquid and opened a 3x leveraged short position on MON.According to ChainCatcher, market sources report that after Hyperliquid announced the launch of 3x leveraged MON perpetual contracts, a whale immediately deposited 5.8 million USDC into Hyperliquid and opened a 3x leveraged MON short position.
- 04:46Forward Industries launches institutional-grade validator node on Solana and stakes all SOL holdingsChainCatcher news, according to Businesswire, Nasdaq-listed SOL treasury company Forward Industries announced that its institution-grade validator node, developed in collaboration with Galaxy, has been launched on the Solana blockchain. This node is supported by DoubleZero, and ecosystem participants can directly delegate SOL staking to Forward Industries. Forward Industries stated that it has currently staked all of its SOL holdings on the validator node. Public information shows that the company holds approximately 6.822 million SOL.