Market
Crypto
El Salvador’s Bitcoin reserve faces an accounting reckoning under new IMF pressure
Its 7,696 BTC reserve now has to remain legible through a drawdown, wallet scrutiny, and program conditions.
ETF
Bitcoin’s biggest ETF is becoming the sell wall bulls have to break
IBIT still dominates the spot Bitcoin ETF market, but Farside's latest flow data shows its scale can now work in reverse when Bitcoin needs fresh spot demand around $60,000.
Analysis
Bitcoin just slipped below the bear-market line traders cannot ignore
The 200-week break now depends on whether ETF outflows fade or turn the level into resistance.
Stablecoins
Stablecoin demand starts to fade as Visa and Stripe build for the next boom
Search interest has cooled and aggregate stablecoin supply has slipped even as Visa and Stripe expand the payment and treasury rails that could define the sector's next leg.
Wallets
Ethereum’s oldest wallets are selling into the $1,500 demand line buyers cannot dodge
Four long-dormant ETH wallets sold most of a 37,602 ETH stash near $1,560, turning Ethereum's drawdown into a test of whether fresh demand can absorb old-holder supply.
Analysis
US crypto perps are live but Bitcoin may be the only market many traders can actually use
Kalshi’s broader board is now visible, but depth, spreads, funding, and venue habit will decide whether alt markets matter.
Digital Asset Treasuries
Metaplanet bets Bitcoin treasury firms can survive by packaging Bitcoin income
Regulated securities rails could give BTC treasury firms a new engine, if product demand and mNAV math hold up.
Stablecoins
Stablecoins are becoming a central bank problem hiding in T-bill markets
BIS research puts private dollar tokens closer to sovereign funding markets than the payment-rail debate suggests.
Analysis
Singapore puts Hyperliquid on warning list over protections it says it never claimed
The MAS warning list does not stop the network, but it shifts pressure to the front end users actually see.
Exchanges
Binance will be cut off from Europe on July 1 – Removes the “best liquidity in the world” says CZ
The July 1 deadline will show whether licensed venues can absorb users without weakening execution or stablecoin access.
RWA
Crypto’s RWA boom finds retail demand in physical trading cards as users chase collectibles over Treasuries
Randomized card packs, physical redemption and on-chain rewards are putting crypto's RWA narrative to a real consumer demand test.
Adoption
USDT gets a Brazil payment route to 170 million people by making crypto disappear
The Brazil integration tests whether stablecoins work best when users spend through a rail they already trust.
