
Bitcoin Price Could Plummet to $23,980 if US Stock Market Crashes by 50%
An analyst warns Bitcoin could fall to $23,980 if the US stock market crashes by 50%, citing weaker ETF flows and low US demand.

◆ Top story // Markets
Bitcoin attempted to reclaim the **$64,000** mark, navigating renewed **US-Iran** tensions and persistent selling from **Binance** spot traders.

An analyst warns Bitcoin could fall to $23,980 if the US stock market crashes by 50%, citing weaker ETF flows and low US demand.

Dash is assessing the Philippines for a potential crypto payments push, despite industry warnings that compliant market entry could take years.

MicroStrategy's preferred stock, STRC, has fallen below par as Bitcoin's price plummeted over 40% since its launch, sparking debate on its strategy.

A Japanese corporate pension fund representing 1,200 SMEs plans to allocate 1% of its assets to crypto, signaling growing institutional adoption.

Ethereum's largest 'sandwich' bot, Jaredfromsubway.eth, was reportedly exploited for $7.5 million by an attacker using fake trading routes, Blockaid confirmed.

Bitcoin recovered towards $64,000 over the weekend, even as Iran's order to close the Strait of Hormuz revived geopolitical risks.

US-listed spot Bitcoin ETFs have seen a record $6.4 billion net outflow in the past 30 days, coinciding with a 17% drop in BTC price.

The notorious MEV bot Jaredfromsubway.eth, responsible for 70% of Ethereum sandwich attacks, has been exploited for $7.5 million.

Bitcoin's market dominance holding above a key support level suggests it will continue absorbing capital, potentially delaying an altseason.

AI-powered security tools are becoming cheaper, faster, and more widely available, poised to reshape crypto industry due diligence.

The European Commission is seeking public comment on potential revisions to its MiCA regulation, with a focus on stablecoins and decentralized finance.

MicroStrategy's preferred stock experienced a significant value challenge due to a bond buyback, reduced cash, and a prolonged Bitcoin bear market.

NFT brand Pudgy Penguins is launching its new Vibes Series 3 trading cards in Target stores nationwide, marking a significant expansion into mainstream retail.

The Philippine Securities and Exchange Commission (SEC) is prepared to integrate real-world asset tokenization, aiming to provide safer investment opportunities and combat crypto scams.

Two Texas brothers have pleaded guilty to kidnapping a Minnesota family at gunpoint and forcing them to transfer $8 million in cryptocurrency.

Sonic Labs has announced significant changes to its leadership, with three key executives resigning from the board and a new CEO appointed, impacting its native token.

Financial giant Charles Schwab is reportedly planning to enter the burgeoning prediction market space, initially offering simple S&P 500 bets.

A significant Bitcoin options expiry is approaching, with market sentiment indicating a potential advantage for bearish traders and hinting at further price downside.

Crypto exchange WhiteBIT has obtained a key MiCA license in Austria, positioning itself for the upcoming EU-wide regulatory deadline on July 1st.

A new legislative proposal aims to prohibit insider trading on prediction markets for policy-related events, specifically excluding White House officials from the ban.

Financial services giant Schwab is reportedly set to enter the prediction market space with S&P 500 event-based options, following crypto platforms.

Despite some traders anticipating a Bitcoin price drop below $59,000, market data suggests strong underlying demand is poised to absorb any significant sell-off.

Bitcoin miners are increasingly exploring AI, tokenized real-world assets hit $43 billion, Ripple strengthens its African network, and Sam Bankman-Fried's appeal is denied.

Bitcoin recovered towards $64,000 over the weekend, even as Iran's order to close the Strait of Hormuz revived geopolitical risks.

A significant Bitcoin options expiry is approaching, with market sentiment indicating a potential advantage for bearish traders and hinting at further price downside.

Despite some traders anticipating a Bitcoin price drop below $59,000, market data suggests strong underlying demand is poised to absorb any significant sell-off.

A former Ethereum contributor warns of potential funding challenges for core development as the Ethereum Foundation adjusts spending and sees key leadership departures.

Ether is facing significant bearish pressure as exchange inflows, slumping demand, and a 31% drop in futures open interest signal a potential selling wave.

Co-Executive Director Hsiao-Wei Wang has departed the Ethereum Foundation, marking another significant leadership change for the organization.

Dash is assessing the Philippines for a potential crypto payments push, despite industry warnings that compliant market entry could take years.

Sonic Labs has announced significant changes to its leadership, with three key executives resigning from the board and a new CEO appointed, impacting its native token.

AllUnity has introduced SEKAU, a new stablecoin pegged to the Swedish Krona, operating under the EU's MiCA framework with multi-chain compatibility.

Aave successfully processed $8.45 billion in withdrawals without freezing funds, yet the event sparks new discussions on DeFi lending risks.

Two US banks are pioneering a new token that seamlessly switches between a traditional bank deposit and a stablecoin, aiming to revolutionize payments.

Digital asset lender Ledn now accepts Tether Gold (XAUT) as loan collateral, expanding its offerings amidst the growing tokenized Real-World Asset market.

NFT brand Pudgy Penguins is launching its new Vibes Series 3 trading cards in Target stores nationwide, marking a significant expansion into mainstream retail.

The popular NFT project Pudgy Penguins has announced the closure of its mobile battle royale game, Pudgy Party, shifting focus to its immersive Pudgy World experience.

Pudgy Penguins is halting development of its mobile game, Pudgy Party, to concentrate resources on its immersive virtual world, Pudgy World.

The European Commission is seeking public comment on potential revisions to its MiCA regulation, with a focus on stablecoins and decentralized finance.

The Philippine Securities and Exchange Commission (SEC) is prepared to integrate real-world asset tokenization, aiming to provide safer investment opportunities and combat crypto scams.

Two Texas brothers have pleaded guilty to kidnapping a Minnesota family at gunpoint and forcing them to transfer $8 million in cryptocurrency.

Bitcoin attempted to reclaim the **$64,000** mark, navigating renewed **US-Iran** tensions and persistent selling from **Binance** spot traders.

An analyst warns Bitcoin could fall to $23,980 if the US stock market crashes by 50%, citing weaker ETF flows and low US demand.

MicroStrategy's preferred stock, STRC, has fallen below par as Bitcoin's price plummeted over 40% since its launch, sparking debate on its strategy.