Bitcoin

is back near $108,000, marking a full recovery from last week’s dip to six figures driven by Middle east tensions, as macro signals turn risk-on and crypto bulls regain technical footing.

The market is now betting on a convergence of two trends: dovish Fed commentary and retail’s accelerating rotation into digital assets, traders say.

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“Crypto will continue its bullish trend,” said Nick Ruck, director at LVRG Research. “Institutional purchases are picking up, and Jerome Powell’s comments hinting at rate cuts have flipped investor sentiment quickly.”

Powell this week said rate adjustments remain on the table, contingent on successful trade deals and softening inflation, words that markets took as code for a late-2025 pivot.

At press time, bitcoin was trading over $107,800, up 1.6% in the last 24 hours. Ether

is holding at $2,480 with a 1.8% gain. Solana’s SOL, dogecoin, XRPand BNB Chain’s BNBshowed gains under 1%, but could be next to move if BTC and ETH prices further recover.

FxPro’s Alex Kuptsikevich said that the overall market capitalization had previously dipped below its 200-day moving average and rebounded sharply, “confirming that level as new support.”

Bitcoin also reclaimed its 50-day average, signaling that momentum may accelerate if sentiment holds, he noted, adding that BTC remains about 5% below its recent highs and is lagging behind traditional tech benchmarks, such as the Nasdaq 100, which has just hit fresh all-time highs.

“If crypto-related equities maintain this pace, they may soon catch up with traditional finance,” he said.

Meanwhile, underlying demand is strengthening. eToro data shows U.S. retail investors are increasing crypto exposure amid a weakening dollar and rising global uncertainty, with 58% reportedly rebalancing their portfolios to favor digital assets.

According to CoinShares, 89% of current holders plan to increase crypto investments in 2025, while 75% of respondents are actively exploring entry points to the market.

Bitcoin Nears $108K as Fed Rate Cut Bets Rise, Eyes on ETH, SOL, ADA

Americans have now piled up a whopping $1.18 trillion in credit card debt, and a huge chunk of the population is lying about it to loved ones, according to a new report.

Nearly four in ten Americans saddled with credit card debt have been dishonest about it, with wealthier individuals more likely to hide the truth, says LendingTree in a new report.

“LendingTree surveyed more than 900 people with credit card debt and found that many feel ashamed about it.

Many have chosen to keep quiet about what they owe, while others take it a step further, lying to those closest to them about what they’re going through.”

Credit card balances have surged since 2021 when they reached a collective bottom at $770 billion, thanks in part to pandemic-era checks from the government.

Since then, things have taken a turn for the worse.

• 39% of Americans with credit card debt have lied about it, usually to their spouse, partner, parents or siblings.

• 49% feel shame about their level of credit card debt and either downplay or hide the burden.

• 46% of Americans now hold at least some credit card debt, and half of Americans making at least six figures have it.

• 35% of women with credit card debt will admit it, compared to 21% for men, and baby boomers are more than twice as likely as Gen Zers or Millennials to tell the truth.

LendingTree says a majority of Americans feel they have a grip on their credit card debt, regardless of whether they’re comfortable talking with their loved ones about it.

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Americans Now Owe $1,180,000,000,000 in Credit Card Debt – And They’re Lying About It: Report

The decentralized oracle network Chainlink (LINK) continues to dominate crypto’s decentralized finance (DeFi) sector in terms of development activity, according to the analytics firm Santiment.

Santiment notes in a new post on the social media platform X that Chainlink registered 363.73 notable GitHub events in the past 30 days.

The figure far exceeds the second-ranked DeFi project, DeepBook Protocol (DEEP), which clocked 193.57 events. The DeepBook project is a decentralized central limit order book (CLOB), which is what exchanges use to facilitate buying and selling between traders by recording bids and offers.

Third on the list is DeFiChain (DFI), a layer-1 protocol designed specifically for decentralized finance apps. The project registered 152 notable GitHub events in the past month.

Chainlink, DeepBook and DeFiChain also occupied the top three spots on the list last month as well.

Santiment notes that it doesn’t count routine updates and uses a “better methodology” to collect data for GitHub events based on a “backtested process.”

The analytics firm has previously said that heavy development activity centered around a crypto project is a positive indication that could mean that the developers believe the protocol will be successful. It also indicates that the project is less likely to be an exit scam.

LINK is trading at $12.83 at time of writing. The 17th-ranked crypto asset by market cap is down more than 2% in the past 24 hours.

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Decentralized Oracle Network Chainlink Continues Run As Most-Developed Project in the DeFi Sector: Santiment

Over $1 trillion of a precious and highly desirable metal is ready and waiting to be mined on the moon – and it’s not gold, according to researchers.

A massive pile of platinum has accumulated under the moon’s surface, according to a paper published in the journal Planetary and Space Science.

Lead researcher Jayanth Chennamangalam tells New Scientist that the trillion-dollar estimate stems from findings that around 6,500 lunar craters, each at least 1 kilometer wide, contain significant platinum group metal (PGM) deposits from asteroid impacts.

The study spotlights the commercial potential of resources in space, which could attract private investment and reduce reliance on government funding for space exploration.

And lunar mining could be far more viable than extracting resources from near-Earth asteroids, with the moon offering a vastly larger number of potential mining sites.

Beyond its appeal in jewelry, platinum is coveted for its strength and vital use in high-tech applications, powering everything from clean energy solutions to life-saving medical equipment.

The precious metal’s price has soared this year, climbing over 30% to around $1,400 per troy ounce, driven by a global supply deficit and rising demand from the automotive and jewelry sectors.

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$1,000,000,000,000 of Extremely Scarce Asset Is Hiding on the Moon, Ready To Be Exploited – And It’s Not Gold: Report

A Mexican national has been sentenced to eight years and four months in prison as a major player in a drug money laundering conspiracy that used crypto.

According to a new U.S. Department of Justice (DOJ) press release, Jose “Meno” Martinez of Guadalajara, Mexico, helped drug traffickers launder money in Mexico.

Martinez laundered $5.5 million in drug money, transferring the funds to Mexico via crypto while keeping a percentage fee for himself.

As a result of Martinez’s dealings, the U.S. Drug Enforcement Administration (DEA) has seized $1.35 million in bulk US currency, in addition to “approximately 3 kilograms of fentanyl, 52.77 kilograms of cocaine, 7,078.63 kilograms of unconverted methamphetamine in the form of charcoal lumps, 170 gallons of unconverted methamphetamine in the form of coconut oil, 140 kilograms of methamphetamine and 15 gallons of liquid methamphetamine.”

Earlier this week, the DOJ also announced that two Florida men are facing the possibility of multiple decades in prison after allegedly masterminding a fraudulent scheme to steal over $100 million from a nonprofit organization set up to manage funds for people with special needs and disabilities.

The DOJ alleges that Leo Joseph Govoni, John Leo Witeck and one unnamed co-conspirator purloined the Center for Special Needs Trust Administration client-beneficiary funds and concealed their embezzlement through complex financial transactions, allegedly sending fraudulent account statements with false balances to their disabled clients.

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Mexican Man Sentenced to Over Eight Years in Prison for Using Crypto To Launder $5,500,000 in Illicit Drug Money

The crypto markets experienced a relatively calm day on Friday in spite of a renewal of the threat of tariffs.

Bitcoin

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is down 0.7% in the last 24 hours, now trading for $106,700, according to CoinDesk market data.

The orange coin’s performance was broadly in line with the CoinDesk 20’s — an index of the top 20 cryptocurrencies by market capitalization, except for stablecoins, memecoins, and exchange coins — which fell 0.7% in the same period of time. Sui

was the index’s token that experienced the biggest price change either way, and it only rose 3.3%.

Crypto stocks saw more significant moves, with Coinbase (COIN) and Circle (CRCL) losing 6% and 16% respectively. The stablecoin issuer’s stock is down 40% since it topped at almost $300 on Monday.

Bitcoin miners remained relatively flat on the day, including Core Scientific (CORZ) , which rose more than 30% on Thursday off a report that AI Hyperscaler CoreWeave was looking into acquiring the company, although Hut 8 (HUT) fell 6.5%.

The mild price action contrasted with the prospect of the White House’s tariff strategy kicking into high gear again. U.S. President Donald Trump announced that his administration would be terminating all trade discussions with Canada in light of the Digital Services Tax the country aims to impose on U.S. tech firms.

“We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven-day period,” Trump posted.

The pause on reciprocal tariffs is also slated to end on July 9, but neither traditional markets nor crypto seem particularly concerned, Coinbase analysts noted in a research report.

“[Markets] have largely disregarded the potential economic risks stemming from this situation… partly because this hasn’t necessarily been reflected in the economic data,” the analysts wrote.

The complacency around tariffs will likely continue, they said, because they are unlikely to be as inflationary as previously expected.

BTC Shrugs Off New Trump Tariff Threat as July Deadline Looms

A pseudonymous crypto analyst is predicting that a large-cap Ethereum (ETH) competitor could depreciate by double-digit percentage points from the current level.

The analyst, pseudonymously known as Capo, tells his 128,716 Telegram subscribers that Solana (SOL) is currently testing a resistance level that was previously a support zone.

According to Capo, Solana could fall by up to 58% from the current level after failing to break above a level last reached late last month.

“After the current dead-cat bounce, it’s now testing another important resistance, which was support before (support/resistance flip). Main target remains $60 to $80.”

Solana is trading at $143 at time of writing, down by around 51% from the all-time high reached in January.

Turning to Bitcoin (BTC), Capo says the crypto king is facing strong resistance at the level just below $109,000. Based on the pseudonymous analyst’s chart of the one-day time frame, it appears Capo is suggesting that Bitcoin could first fall to a support level around the price of $93,000.

Capo also appears to suggest that Bitcoin could capitulate even further and revisit the zone between $60,000 and $70,000, levels last witnessed in October of 2024.

“If you think we’ve seen it all… think again.”

Bitcoin is trading at $107,197 at time of writing, down by around 4% from the current level.

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Crypto Trader Says Ethereum Rival Primed for Massive Crash After a Dead Cat Bounce, Updates Outlook on Bitcoin

A market intelligence firm says that Bitcoin (BTC) is flashing signs of an upcoming rally to the upside.

In a new thread on the social media platform X, the crypto analytics firm Bitcoin Vector tells its audience that liquidity cautiously returning to the top crypto asset by market cap is a sign of an upcoming bull market.

“The signal we’ve been waiting for:

Bitcoin liquidity has shown its first meaningful expansion in June after reaching a three-year low.

With BTC consolidating below its ATH, liquidity supports any sustained upside.

While not a breakout, it’s a constructive shift.

Capital is cautiously returning, laying the groundwork for the next leg.”

According to the crypto intelligence firm, BTC is displaying a pattern that has historically led to gains.

“Structure shift + price momentum: a duo we want to see.

A potential Bitcoin leg up begins with this setup: Bullish momentum + structure shift confirmation (highlighted in blue).

We just triggered the same pattern again.

This setup historically leads to strong upside.”

Bitcoin Vector goes on to note that the crypto king has been outperforming Ethereum (ETH) – the second-largest digital asset by trading volume – over the last year, meaning that ETH is now “undervalued and under-owned” and in “catch-up mode.”

“Over the past year, BTC outperformed ETH massively:

BTC rose +74% while ETH fell -28%

But that strength has come at a cost

BTC’s dominance is stretched, while ETH is now under-owned, undervalued, and in catch-up mode.

Rotation season is near.”

Bitcoin is trading for $107,140 at time of writing, while Ethereum is valued at $2,434, both marginal increases on the day.

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‘The Signal We’ve Been Waiting For’: Analytics Firm Says Bitcoin Laying the Groundwork for the Next Leg Up

In a research note released late Thursday, Cantor Fitzgerald says Core Scientific (CORZ) could fetch over $30 per share in a potential acquisition by cloud compute giant CoreWeave, citing both the long-term cash flows from its AI contracts and the replacement value of its data centers.

That would be a near doubling from the current level just above $16.

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The note came hours after The Wall Street Journal reported that CoreWeave, a cloud AI compute firm, is once again in advanced talks to acquire Core Scientific, following a failed $5.75 per share offer in 2024.

CORZ shares jumped 33% to close over $16 Thursday, but Cantor believes that it still undervalues the company by at least 50%.

At the heart of the bull case is a 12-year, $3.5 billion infrastructure lease Core Scientific signed with CoreWeave in 2024 to provide 200 megawatts of AI capacity.

Cantor values the lease stream at $24/share, using a conservative 15x profit multiple typical for traditional data center REITs. Add another $11.70/share for the replacement value of CORZ’s 570MW of power infrastructure, and the upside case becomes clear.

The BTC - AI Pivot

But it’s not just Cantor arguing that the compute power used for crunching numbers to mine BTC might be more efficiently used for AI.

Rittenhouse Research, a new fintech and AI-focused firm, released a report in May arguing that the most successful crypto companies aren’t doubling down on bitcoin. Instead, they’re pivoting to become AI infrastructure providers.

When Galaxy Digital bought the Helios data center in late 2022, it seemed like a rescue of a struggling miner, yet it turned out to be a strategic AI asset as demand for data center space surged with the rise of ChatGPT and LLMs, Rittenhouse pointed out.

“The infrastructure used to mine digital gold is better used to process AI algorithms,” Rittenhouse wrote at the time.

At the core of the argument is the belief that AI generates stable, long-term cash flows, unlike BTC mining, which is subject to sharp revenue drops every four years due to halvings and is heavily dependent on bitcoin’s volatile price cycles.

The future profitability of BTC mining, Rittenhouse noted, is also dependent on mining firms being able to design chips that are significantly more efficient each cycle to account for the halvening, an increasingly difficult task as gains from silicon shrinkage begin to plateau.

But Not Every Pivot Away from BTC is Successful

While Cantor, and the market broadly, is looking fondly on Core Scientific's possible pivot, not all pivots away from BTC mining have gone this well.

As CoinDesk recently reported, Bit Digital is dumping its bitcoin rigs to go all-in on Ethereum staking, and the market pushed down its stock by 15% during the Thursday trading session in New York.

Canaan, once hoping to diversify into AI hardware, has now shuttered its chip unit entirely after failing to gain traction. Its stock is down nearly 75% in the last six months, and closed at 63 cents on Thursday.

But Core Scientific might have found the middle path, leveraging its mining-built footprint to tap into a $100 billion-plus AI infrastructure boom.

If Cantor’s thesis proves right, CoreWeave’s second offer for CORZ could look very different from the one they made last year, and it could mark a new blueprint for the rest of the sector.

Neither CoreWeave nor Core Scientific has publicly commented on the matter.





BTC Mining News: Cantor Fitzgerald Says CORZ Could Sales Price Could Top $30

An international financial watchdog group based in France is urging stronger global actions against the risks associated with crypto assets.

In a newly published study, the International Financial Action Task Force (FATF) – established in 1989 to promote policies that protect the global financial system – says that stronger actions are needed by crypto service providers to ensure safety.

According to FATF, while virtual asset service providers (VASPs) overall have made headway in terms of developing anti-money laundering protocols, progress still needs to be made on this front, highlighting the challenges associated with overseas providers.

“Progress has been made in jurisdictions requiring licensing and registration of VASPs. Nevertheless, further progress is required in licensing and registration in practice and jurisdictions continue to face difficulties in identifying natural or legal persons that conduct VASP activities.

Jurisdictions have reported challenges with mitigating the risk of offshore VASPs, with more than a third of jurisdictions with a licensing or registration framework applying a more extensive approach and requiring offshore VASPs (that are not created or located in their jurisdictions) to also be licensed/registered.”

According to FATF, many jurisdictions are in the process of creating “travel rules,” or rules set in place to ensure the transparency of cross-border crypto transfers.

“Jurisdictions have made progress on implementing the Travel Rule. For the 2025 survey, 73% of respondents (85 of 117 jurisdictions, excluding those that prohibit or plan to prohibit VASPs explicitly) have passed legislation implementing the Travel Rule…

Jurisdictions that have not yet introduced legislation or regulation to implement the Travel Rule should urgently do so [while] jurisdictions that have introduced the Travel Rule should rapidly operationalize it, including through effective supervision and enforcement in case of non-compliance.”

FATF concludes by noting that since digital assets are international by nature, a regulatory failure in one jurisdiction, such as North Korea, can have severe global consequences.

“The DPRK this year carried out the largest single VA theft in history, stealing $1.46 billion from the VASP ByBit. Only 3.8% of the stolen funds have been recovered, highlighting the need to address asset recovery challenges and improve international cooperation.”

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International Financial Action Task Force (FATF) Urges Global Action on Crypto Risks

The New York Democratic Governor Kathy Hochul says millions of residents will start receiving checks for up to $1,500.

In a new announcement, Hochul says nearly three million New Yorkers will receive $2.2 billion in tax breaks through the state’s School Tax Relief (STAR) program.

“Summer is here – and it’s also the start of STAR tax relief season for millions of New Yorkers. From tax credits to child care assistance and much more, we’re continuing to put more money back in New Yorkers’ pockets.”

Under the STAR program, eligible homeowners and seniors receive property tax relief by having their school tax burden reduced. Some have already received their benefit in the form of a tax exemption this year, but others are due to receive the benefit as a tax credit sent via check.

Checks will be mailed out beginning next week.

Most eligible homeowners, those with incomes below $500,000, will receive a check between $350 and $600, while eligible seniors, those with incomes below $107,300, will receive a check between $700 and $1,500.

In New York City alone, 483,000 residents will receive checks totaling $158.6 million. Meanwhile, 582,000 Long Island residents will receive a combined $698.4 million.

Residents can track the delivery of the sent check or enroll in direct deposit using ny.gov/STAR.

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Residents of Major US State Primed To Receive Checks of up to $1,500 As Governor Vows To ‘Put More Money Back’ in People’s Pockets

A widely followed crypto analyst says that Bitcoin may surge to a new all-time high (ATH) if BTC breaks through one key resistance level.

In a new thread, crypto trader Michaël van de Poppe tells his 792,500 followers on the social media platform X that Bitcoin will likely trade sideways a little longer before reclaiming $108,500 as support and then have a massive breakout to a new ATH.

“Slight consolidation before the next breakout, that’s what Bitcoin is telling us. It couldn’t break through this resistance in one-go and is therefore consolidating. That’s fine, I assume we’ll see a big breakout to an ATH when we clear $108,500.”

Bitcoin is trading for $106,706 at time of writing, flat on the day.

Next up, the analyst says that Ethereum (ETH) may be on the verge of an explosive move to the upside as it holds the level around $2,400 as support.

“We’re likely going to be testing the other side of the range in the upcoming weeks…

I’m expecting strong continuation from ETH to be happening in the coming days/weeks as we’re holding onto the range low.”

Looking at his chart, he suggests that ETH may soon hit the $2,800 level again in early July.

ETH is trading for $2,430 at time of writing, flat on the day.

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Trader Says Bitcoin To See ‘Big Breakout’ to New All-Time High After Hitting One Target, Outlines Path Forward for Ethereum

Reputable financial institutions have reportedly served as stations in the multistep money laundering process that transports funds from US scam victims to crime syndicates in Asia.

ProPublica reports that Asian crime syndicates behind pig butchering scams tap on the services of financial titans like Bank of America, Chase, Citibank, HSBC and Wells Fargo, along with many other U.S. and foreign lenders, to convert the proceeds of their illicit operation into crypto.

Pig butchering, a scheme in which scammers build a relationship with their targeted victims to financially exploit them, siphons some $44 billion per year. Chinese gangs that operate in prison-like compounds in Cambodia, Laos and Myanmar often carry out this scam.

The report says that black market bank accounts are thriving because of this fraud, with Chinese-language channels on the messaging service platform Telegram offering to rent US bank accounts to pig butchering scammers.

The bad actors need the bank accounts to move stolen funds. Although fraudulent transactions now use cryptocurrency, the typical consumer does not own this asset, so many scams involve getting the victim to wire money through traditional banks. The swindlers receive the funds in their account, then convert them into crypto to send overseas. Later, they exchange the digital assets for standard currency.

In a statement to ProPublica, the American Bankers Association, which represents the industry, says banks cannot completely filter out scammers despite their efforts to stop fraud.

“With more than 140 million bank accounts opened every year bad actors can sometimes get through despite determined and ongoing efforts to stop them. They hide their true identities, exploit the good names and reputations of banks and other responsible companies, and abuse shell corporations to facilitate moving their ill-gotten gains away from their victims.”

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Bitcoin Nears $108K as Fed Rate Cut Bets Rise, Eyes on ETH, SOL, ADA

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