News & Research

A whale who sold 10,829 ETH at an average price of $2,300 three days ago has repurchased 7,448 ETH today at an average of $2,350, Lookonchain reported.

The spot Cumulative Volume Delta (CVD) chart provides an order book analysis for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom section represents the CVD. - The Volume Heatmap tracks the volume of trades at specific price levels. The background color brightens when the price lingers in a certain range or moves significantly, with these brighter areas potentially acting as support or resistance. - The CVD indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

U.S. investment bank TD Cowen has identified five additional obstacles to the passage of the Clarity Act, beyond the issue of stablecoin interest, The Block reported. Jaret Seiberg, a managing director at TD Cowen's Washington Research Group, cited the following challenges: - A staffing shortage at the Commodity Futures Trading Commission (CFTC). Seiberg noted that with only Chairman Michael Selig currently serving, the confirmation process for additional commissioners would need to begin within four to six weeks to meet a late July deadline. - The potential inclusion of prediction market regulations, which could lead to Democratic opposition due to concerns over insider trading and conflicts of interest involving the Trump family. - The WLFI project, also linked to the Trump family, faces controversies such as restrictions on token sales for early investors, making it difficult for Democrats to support the bill. - Reports that Iran may accept cryptocurrency for passage fees through the Strait of Hormuz, which could prompt demands for stronger anti-money laundering (AML) and Bank Secrecy Act (BSA) provisions. - The possibility that Senators Dick Durbin and Roger Marshall may attempt to attach the Credit Card Competition Act to the legislation. While Galaxy Digital estimates a 50% chance of the bill passing this year, TD Cowen maintains a more conservative forecast of 30%.

Bitcoin's dominance, its share of the total cryptocurrency market capitalization, has surpassed 60% for the first time this year, U.Today reported.

Mining companies HIVE Digital (HIVE) and Keel Infrastructure (KEEL) are scaling back their BTC mining operations to expand their investments in artificial intelligence infrastructure, CoinDesk reported. HIVE has raised $115 million through a zero-coupon convertible bond issuance, with the funds earmarked for expanding its global data centers and increasing GPU capacity. The company explained that it is focusing on data centers capable of handling high-performance computing tasks. Meanwhile, Keel is undergoing a business transition, selling its 70-megawatt (MW) mining facility in Paraguay for approximately $13 million.

The grace period for the European Union's Markets in Crypto-Assets (MiCA) regulation is set to end on July 1, after which providing services to EU customers without a MiCA license will be prohibited, Cointelegraph reported. The new rules are expected to pose a significant burden for smaller and early-stage projects, as licensing costs, enhanced governance requirements, and reporting obligations raise the barrier to entry. While fully decentralized services are exempt from the regulation, the industry remains concerned about ongoing uncertainty due to ambiguous classification criteria for hybrid projects.

A new documentary claims that Bitcoin creator Satoshi Nakamoto was not an individual but a shared pseudonym for two cryptographers, Hal Finney and Len Sassaman, Decrypt reported. The film, "Finding Satoshi," released on April 22, theorizes that Finney wrote the Bitcoin code while Sassaman handled documentation, including the nine-page white paper. Sassaman died by suicide in 2011, following Satoshi's last public post, and Finney died in 2014 from complications of ALS. The filmmakers stated that data from scientist Alyssa Blackburn showed Finney's and Sassaman's online activity profiles matched Satoshi's. They also noted that records show Satoshi was emailing a developer while Finney was running a marathon in Santa Barbara, which they interpret as evidence supporting the two-person collaboration theory.

The U.S. Department of Justice (DOJ) has announced the launch of a compensation process for victims of the OneCoin cryptocurrency Ponzi scheme. According to The Daily Hodl, over $40 million in recovered assets are currently available for distribution. Victims are required to submit proof of their investment through an official portal by June 30. While the recovered amount is only about 1% of the total damages, this is the first tangible relief measure for the victims. OneCoin, which operated from 2014 to 2019, defrauded investors worldwide of more than $4 billion.

Coinbase has moved a lawsuit filed by New York Attorney General Letitia James regarding its prediction market from state to federal court, Cointelegraph reported. Coinbase Chief Legal Officer Paul Grewal argued on X today that the case involves core issues of federal law, which preempts state law. The move follows a lawsuit filed yesterday by James against Coinbase Financial Markets and Gemini Titan. The suit alleges that the companies' prediction market products violated New York gambling laws by offering betting services on sports, entertainment, and elections without a state gaming license.

Blockchain security firm SlowMist has warned on X about a high-risk information-stealing malware, MacSync Stealer (v1.1.2), that is targeting macOS users. The malware is designed to steal cryptocurrency wallets, browser-saved credentials, system keychains, and infrastructure keys for services such as SSH, AWS, and K8s. SlowMist urged users to avoid running macOS scripts from unverified sources and to be especially cautious of unexpected prompts for system passwords.