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Bitcoin faces fresh capitulation risk as 50K BTC moved at a loss

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Nearly 50,000 BTC shifted to exchanges at a loss while short-term Bitcoin holders’ stress level reached 2-year highs. Is BTC headed toward new lows?

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Coin Market

Binance booted from EU, EthLabs rises up to save Ethereum: Hodler’s Digest June 14-28

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BitMine and Joe Lubin back a new non profit called Ethlabs that aims to spur adoption. Binance shutters services in Europe after failing to secure a license.

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BIS warns stablecoins risk fragmenting global financial system

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The Basel-based institution said that private digital tokens fall short of the requirements for sound money and urged policymakers to accelerate work on tokenized forms of central bank and commercial bank money.

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EU Watchdog EBA Details Big Crypto Fines as Landmark Laws Bite

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The European Banking Authority laid out a proposed penalty framework on Friday that can strip non-compliant significant token issuers of up to 12.5% of their annual revenue.

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