Day: July 2, 2025

Connecticut passes law blocking the state from creating a Bitcoin reserve

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Connecticut has officially passed a law that restricts the state government from accepting, holding, or investing in virtual currency, effectively banning the creation of a cryptocurrency reserve. On June 30, Governor Ned Lamont signed House Bill 7082 into law, following unanimous approval by both chambers of the state legislature. The legislation, now enacted as Public Act 25-66, is scheduled to take effect on October 1, 2025. The bill, introduced in February by Representative Jason Doucette, advanced swiftly through the legislative process. It passed the House and Senate without a single…

Ether Whales Continue Sell-off as Ethereum Price Fights for $2,400

Key Notes Old ETH whales sell major holdings as price trades near $2,400. SharpLink Gaming recently increased ETH holdings, signaling continued institutional interest. Analyst forecasts ETH rally to $3,200 by July-end and $4,000 by September. Ethereum ETH $2 449 24h volatility: 0.6% Market cap: $295.63 B Vol. 24h: $14.19 B is facing renewed selling pressure as it struggles to maintain the crucial $2,400 level. After starting the week on a high note, ETH dipped to $2,390 in the early hours of Wednesday before recovering to trade around $2,439 at the…

US Bitcoin ETFs end 15-day inflow streak as BTC price faces bearish momentum

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Spot Bitcoin exchange-traded funds in the U.S. saw net outflows for the first time in nearly three weeks as investors positioned cautiously ahead of what has historically been a slower quarter for Bitcoin. According to data from SoSoValue, the 12 U.S.-listed spot Bitcoin ETFs recorded a combined $342.25 million in net outflows on July 1. This marked the end of a robust 15-day inflow streak that had brought in a cumulative $4.73 billion into the funds since mid-June. Fidelity’s FBTC led the withdrawals with $172.73 million in outflows, followed by…

Altcoin Season Starting Soon? Analyst Predicts 37% Crash In Bitcoin Dominance

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The Bitcoin dominance remaining on the high side has been one of the major hindrances for the altcoin season. Going by past performances, the Bitcoin dominance would have to crash for altcoins to have a chance…

BTC CME Futures Premium Slides, Suggests Waning Institutional Appetite

The premium in bitcoin futures listed on the global derivatives giant Chicago Mercantile Exchange (CME) has narrowed sharply, a sign of reduced institutional appetite. The annualized premium in rolling three-month futures has dropped to 4.3%, the lowest since October 2023, according to data tracked by 10x Research. That’s down significantly from highs above 10% seen early this year. The decline in the so-called basis, despite BTC’s price holding steady above $100,000, indicates fading optimism or uncertainty about future price prospects. The drop is consistent with the slide in the funding…

Bitcoin Ready to Soar as US and China Make a Deal

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today, let’s look at the latest trade deal agreement and how it will affect markets. Also a look at Bitcoin’s charts, metrics, and the latest Macro and Crypto news. 🟩Bitunix Exchange ► *$100,000 Deposit Bonus* ► 🟦BTCC Exchange ► *10% Deposit Bonus* ► 🟨WEEX Exchange ► *Deposit Bonus* ► 🟪Best *Crypto Tools & Deals* (Exchanges, Wallets, and More) ► 🟥Grab Your *Merch* (HODL Sign & Watch) ► 🟧CryptoPulse ► *Join our free, beginner-friendly group to swap tips, ask questions, and explore the…

Figma IPO Filing Reveals $70M Bitcoin ETF Holdings

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Design software company Figma revealed in a regulatory filing that it owns nearly $70 million worth of shares in Bitcoin exchange-traded funds and has set aside $30 million in stablecoins to buy Bitcoin. Figma filed with the Securities and Exchange Commission on Tuesday to go public on the New York Stock Exchange under the ticker symbol “FIG,” with the paperwork detailing the firm’s current financial position. The filing said Figma invested $55 million into the Bitwise Bitcoin ETF (BITB) on March 3, 2024, and its value stood at $69.5 million…

Solana (SOL) at Crossroads — Bounce Likely If $142 Remains Intact

Solana started a fresh decline and retested the $145 support zone. SOL price is now recovering and might aim for a fresh increase above the $150 zone. SOL price started a fresh decline after it failed to clear $160 against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $147 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if…

SlowMist Warns Of 5 ‘Insidious’ Crypto Scams From Q2

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Crypto users faced a rise in “psychologically manipulative” attacks in the second quarter as hackers dreamt up advanced and creative ways to try and steal crypto, according to blockchain security firm SlowMist. SlowMist’s head of operations, Lisa, said in the firm’s Q2 MistTrack Stolen Fund Analysis report that while it didn’t see an advancement in hacking techniques, the scams have become more sophisticated, with a rise in fake browser extensions, tampered hardware wallets and social engineering attacks. “Looking back on Q2, one trend stands out: attackers’ methods may not be…

Arizona governor vetoes bill to create Bitcoin Reserve from seized assets

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Arizona has vetoed bill HB 2324 to create Bitcoin Reserve funded by criminal forfeiture, marking the third time the state has blocked a digital asset reserve proposal. In a veto letter to House Speaker Steve Montenegro, Arizona Governor Katie Hobbs has blocked House Bill 2324, which aimed to establish a Bitcoin and Digital Assets Reserve Fund funded by cryptocurrencies seized through criminal forfeiture. Initially rejected by the House on May 7, the bill was revived after a narrow 16-14 Senate vote on June 19 when Republican Senator Janae Shamp, who…