CryptoBlog n.2156
The US House of Representatives failed to override President Biden's veto on the bill to repeal SAB 121.
CryptoBlog n.2155
The SEC has ended its investigation into the BUSD stablecoin, launched by Paxos in partnership with Binance. Walter Hessert, head of strategy at Paxos, stated, "The termination of this investigation formally is an enormous relief for us."
CryptoBlog n.2154
💰 Bitcoin whales are accumulating at their fastest rate since April 2023: CryptoQuant Bitcoin long-term holders are adding to their holdings at the fastest monthly rate since April 2023, according to CryptoQuant analysts. "Bitcoin whales have been increasing their holdings at a monthly growth rate of 6.3%, the fastest pace since April 2023, indicating rising demand for bitcoin," CryptyQuant said. Wednesday's market report from the analytics firm noted that the increase in bitcoin demand from long-term holders is supporting the digital asset's price.
CryptoBlog n.2153
💰 Post-halving volatility triggers significant Bitcoin futures liquidations Over the past month, Bitcoin has experienced notable price fluctuations, with the price dropping from around $60,000 in mid-May to below $55,000 by early July. This period saw spikes in futures long liquidations, suggesting significant volatility in the market. In early March, as Bitcoin’s price surged toward $70,000, liquidations also spiked exceeding — $180 million. This trend highlights the high-risk nature of leveraged trading during periods of rapid price movement.