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Real-world asset (RWA) platform Theo has invested $20 million in Fidelity International's dollar digital liquidity fund, FILQ, Cointelegraph reported. The investment was facilitated through the Swiss digital asset bank Sygnum, and FILQ has been incorporated into Theo's institutional tokenized U.S. Treasury bill product, thBILL. FILQ is a Moody's Aaa-mf rated dollar liquidity fund built on Sygnum's Desygnate platform. Chainlink (LINK) provides on-chain net asset value and distribution data for the fund, while JPMorgan receives and approves the daily NAV data. According to data from RWA.xyz, FILQ's on-chain assets under management total approximately $55.10 million.

Nasdaq is expanding its market data offerings by providing its TotalView product through blockchain infrastructure, CoinDesk reported. The exchange announced today that it will make its TotalView market data available on the Pyth Data Marketplace, a platform from the blockchain oracle solution Pyth Network (PYTH). The marketplace provides institutional-grade datasets to blockchain networks, financial applications, and software developers. This move will allow a broader range of users to access Nasdaq's market data via a programmable interface, rather than through traditional data transmission methods.

Global investment bank TD Cowen has lowered its price target for Strategy (Nasdaq: MSTR) to $260 from $400, a reduction of approximately 35%, but maintained its buy rating, The Block reported. TD Cowen clarified that the downgrade stems from a revised forecast for BTC's price, not the "Digital Credit Capital Framework" announced yesterday. The bank reduced its year-end BTC price target to $100,000 from $140,000 and its end-of-2027 forecast to $135,000 from $190,000. While the $260 target may seem unrealistic, representing a more than 200% increase from yesterday's closing price of $92.68, TD Cowen stated it is maintaining its assumptions for Strategy's future BTC acquisitions and a three-times profit multiple. Strategy recently issued over 12 million common shares in the past week without purchasing additional BTC, restoring its dollar reserves to $2.55 billion. TD Cowen interpreted this move as a signal to the market that the company can cover its dividend and interest expenses even amid a prolonged BTC bear market.

Bitcoin has closed its weekly candle below the 200-week moving average for the first time since 2022, a development that could lead to a deeper price drop, The Crypto Basic reported. The outlet noted that the last time this occurred, in the second week of June 2022, BTC's closing price was $20,552. The price subsequently fell to $16,500 by November, marking a roughly 77% decline from its previous all-time high of $69,000. Bitcoin then spent approximately 16 months below the 200-week MA before reclaiming it in October 2023. "If a similar pattern unfolds, BTC could fall to a range of $41,000 to $42,000," the report explained. However, The Crypto Basic also emphasized that a close below the 200-week MA has not always resulted in a sustained downturn. In 2015, 2018, and 2020, the price found support at the 200-week weighted moving average and initiated a rebound.

The amount of Bitcoin held by long-term holders reached a new all-time high of approximately 14.7 million BTC on June 30, sparking speculation that the crypto market bottom could arrive sooner than expected. In an interview with Cointelegraph, Swan Bitcoin CEO Cory Klippsten explained that a rise in BTC holdings among long-term investors has historically signaled a cycle low. He described the trend as a sign of continued confidence from seasoned investors.

StarkWare, the developer of Ethereum Layer 2 Starknet (STRK), has unveiled a three-stage roadmap to prepare for quantum computing, The Block reported. The post-quantum plan includes the following key steps: - Replacing elliptic curve-based cryptography within Starknet's internal systems with BLAKE2 and adopting the post-quantum Falcon-512 for consensus signatures. - Providing a migration tool for existing contracts. - Integrating with Ethereum's own post-quantum updates. StarkWare CEO Eli Ben-Sasson stressed that the technology to achieve quantum resistance is already prepared, adding that any failure to adapt would be a problem of laziness rather than a lack of technology.

Ahead of the full implementation of the European Union's Markets in Crypto-Assets (MiCA) regulation on July 1, Japanese cryptocurrency exchange subsidiary bitFlyer Europe announced it has obtained a MiCA-compliant Crypto Asset Service Provider (CASP) license from Luxembourg's financial authority, the CSSF. The grace period granted by the EU for companies to achieve MiCA compliance is set to expire on July 1.

Bahamas-based crypto hedge fund DSV is seeking to raise $20 million to expand its investments in artificial intelligence and cryptocurrency, Financial News reported. The fund, which launched in the third quarter of 2024 with the goal of outperforming Bitcoin, shifted its strategy in 2025 to focus on Bittensor (TAO). According to the report, DSV has limited the fundraising to $20 million, citing the early stage of subnet projects within the Bittensor ecosystem and their lack of liquidity.

According to CoinNess market monitoring, BTC has fallen below $59,000. BTC is trading at $58,981.23 on the Binance USDT market.

U.S. asset manager New York Life Investment Management (NYLIM) announced today the launch of HYB, its first tokenized product based on corporate bonds. The product was developed in collaboration with Centrifuge (CFG), a decentralized lending protocol focused on real-world assets (RWA). New York Life has approximately $807 billion in assets under management (AUM). HYB is designed to provide access to New York Life's high-yield corporate bond strategy for institutional investors, with subscriptions and redemptions settled in the USDC stablecoin.

Crypto market maker Wintermute said that while the bear market is significantly advanced, the true bottom for Bitcoin has not yet been confirmed. In a post on X, the firm noted that the Fear & Greed Index remains in a state of extreme fear and the portion of BTC supply in loss is nearing 50%, the point at which it converges with the supply in profit. Wintermute pointed out that historically, this trend has preceded the actual market bottom by two to three quarters. At the final low point in past cycles, the supply in loss was closer to 60%, suggesting there is still room for further declines. The firm added that a bottom is unlikely to form during the low-volume summer months and that investors should watch for continued weakness into September-October, after which any recovery will depend on shifts in the macroeconomic landscape.

The Ethereum Foundation has announced the expiration of its five-year contract with Argot Collective, an organization focused on developing Ethereum's core infrastructure. The foundation explained that the agreement was centered on the neutral and independent development and maintenance of the network's infrastructure. As the final step of the contract, 4,938 stETH will be transferred to Argot Collective's multi-sig wallet. These funds are scheduled to be unlocked in stages on July 1, 2026, and in January 2027.

Although the price of Bitcoin has stabilized near the $60,000 level, a significant recovery is unlikely until institutional investors can absorb the oversupply from ETF redemptions, CoinDesk reported. Glassnode data shows that Bitcoin ETFs experienced a record outflow of 71,600 BTC ($4 billion) this month, while accumulating entities bought just 7,500 BTC. CoinDesk added that with the inclusion of newly mined coins, the total excess supply reaches approximately 77,000 BTC ($4.4 billion). This has led to a persistent supply overhang as institutions struggle to absorb the sell-off. The report suggests that with both ETFs and accumulating entities contributing to selling pressure, any potential BTC rebound is likely to be short-lived without a recovery in institutional demand.

Solana Company (Nasdaq: HSDT), a publicly traded firm focused on strategic Solana (SOL) accumulation (DAT), has signed a memorandum of understanding (MOU) to support the development of Alatau City, a new digital city in Kazakhstan, Cointelegraph reported. The company will advise on building the city's cryptocurrency infrastructure, with cooperation spanning four areas: DAT, blockchain infrastructure, expanding institutional adoption, and platform development. The outlet noted that Kazakhstan launched Central Asia's first Solana economic zone on Astar Network last year and recently listed the first Solana ETF on the Kazakhstan Stock Exchange (KASE). However, significant challenges remain. Local authorities have raised concerns that building a crypto-based economy may require constitutional amendments, while residents of Alatau City are reportedly facing shortages of basic utilities such as gas, water, and electricity.

Iranian Foreign Ministry Spokesperson Baghaei said that external intervention in the Strait of Hormuz is unnecessary, adding that it would only complicate the issue.

BlackRock, the world's largest asset manager and a spot Bitcoin ETF issuer, deposited 4,385 BTC, worth approximately $260 million, into Coinbase Prime over the past 24 hours, according to an analysis by Onchain Lens. During the same period, the firm also deposited ETH valued at $48.6 million. Over the last two days, BlackRock's total deposits to Coinbase have amounted to 11,817 BTC, worth $706 million. Such deposits are typically interpreted as part of the operational process for its spot cryptocurrency ETF, often related to settling redemptions from fund outflows. Yesterday, BlackRock's Bitcoin ETF, IBIT, recorded a net outflow of $300.4 million.

Strategy (MSTR) stock is down approximately 41% in June and is on track to post its worst monthly performance since 2022, CoinDesk reported. If the stock closes lower for the month, it will mark the 11th down month out of the last 12. MSTR hit an all-time high of $540 per share in November 2024, but its decline has continued since the launch of its perpetual preferred stock, STRC, in July of the following year. While STRC has a higher repayment priority than common stock, making it less volatile, the need to issue additional common shares to fund STRC dividends has fueled dilution concerns, deepening the stock's slump. Since STRC's listing, Bitcoin has fallen by about 50%, while MSTR has dropped by approximately 77%. Meanwhile, Bitcoin is down 20% in June, marking its third consecutive quarterly loss.

Fidelity has stated that no one can be certain when, or even if, the current crypto winter will end. The global asset manager and spot Bitcoin ETF issuer noted on its official website that historical triggers for Bitcoin bull markets have included the four-year cycle, regulatory changes, Fed interest rate cuts, new use cases, and the influx of institutional investors. Fidelity explained that while any one of these factors could spark a bull run, the recovery investors hope for may not materialize even if all conditions are met. While positive industry factors like the growing adoption of stablecoins exist on a macro level, they do not guarantee a new bull market. Therefore, the firm advised that cryptocurrency investments should be made within a tolerable range of loss, and investors should remain mindful of the constantly changing regulatory environment.

The UK's Financial Conduct Authority (FCA) has lowered the capital requirement for stablecoin issuers to 1% of the issued amount, down from 2%, as part of a new crypto regulatory framework, CoinDesk reported. This contrasts with the 2% requirement under the European Union's Markets in Crypto-Assets (MiCA) regulation, which takes effect on July 1. The FCA also mandated that crypto exchanges must hold 40% of their trading capital as reserves against potential losses and apply a 40% loss rate to the value of collateral used in lending and trading.

Binance announced that it delisted eight cryptocurrencies from its on-chain trading platform, Binance Alpha, at 10:30 a.m. UTC on June 30. The delisted assets are TTD, OIK, LUNAI, TOWN, VINU, PUP, CYPR, and DGRAM.

Chile's Financial Market Commission (CMF) has revoked the license of cryptocurrency exchange Plusspay after confirming its ties to the Venezuelan criminal organization Tren de Aragua, local media outlet Livecoins reported. The exchange is now prohibited from accepting new customers and can only conduct operations necessary to return funds to existing users.

Ripple (XRP) is once again testing the $1 support level, and a failure to hold it could see the price fall to $0.8, according to an analysis by CryptoPotato. The outlet noted that this is the third time XRP has tested this support in the past two weeks. A bearish sentiment currently prevails, as buying pressure has failed to lift the price following these tests. If downward pressure intensifies this week, the $1 support level could be breached and turn into resistance. In such a scenario, the next major support is located around the $0.8 mark. XRP is currently trading at $1.04, down 1.05%, according to CoinMarketCap.

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

Cardano (ADA) founder Charles Hoskinson said the measure of the project's success is its ability to become the world's top blockchain protocol, The Crypto Basic reported. During a recent live broadcast, he explained that his vision for Cardano's success is for it to return to its past peak performance and then far surpass that level. He emphasized that achieving a dominant position would enable the project to realize its long-term vision while also proving the strength of its ecosystem. Meanwhile, skepticism regarding Hoskinson's leadership is reportedly growing within the Cardano community. He has faced criticism for causing a sharp drop in ADA's price after mentioning the possibility of a chain split. He previously announced a temporary halt to his public activities, citing an inability to endure malicious comments and criticism from the community.

Coinbase announced in a blog post that it will provide the payment infrastructure for French fintech firm Spiko's European and U.S. short-term government bond money market funds (MMFs), enabling deposits and redemptions in USDC and EURC. This marks the first time a fund regulated under the European Union's UCITS framework has supported stablecoin payments. Through Coinbase Payments and Base, investors can put idle stablecoins into the short-term bond funds even on weekends and holidays. Upon redeeming their positions, they can receive USDC or EURC in their wallets within minutes.