Bitcoin Rally Cut Short as Profit-Taking Rises, US Demand Falls: CryptoQuant

Bitcoin’s recent rally stalled at a critical level, putting the top crypto asset in a position that has previously led to major downturns.
Source: decrypt.co

Bitcoin’s recent rally stalled at a critical level, putting the top crypto asset in a position that has previously led to major downturns.
Source: decrypt.co
The most dangerous stablecoin scam probably looks nothing like what most people picture. There’s no anonymous founder, no Discord full of bots, no promise of returns that defy basic economic logic. Instead, it has a professional ticker, institutional branding, and a name that tens of millions of people have trusted with their savings for generations….
Good news for the American worker came at the worst possible moment for Bitcoin. Initial jobless claims fell by 4,000 to 226,000 for the week ending June 13. Layoffs are in the historically low range they’ve held for most of the post-pandemic era, and the unemployment rate has remained at 4.3% for a third straight…
Bitcoin wallet phishing emails posing as an urgent Passport recall reached Foundation customers from the company’s own domains. The wallet maker blames compromised Cloudflare API keys, yet recipients say the messages also exposed their home addresses. Foundation builds Passport, a Bitcoin-only hardware wallet. However, its explanation covers how the emails went out, not how attackers…
Smarter Web sold 177.89 Bitcoin to repay an $11.7 million convertible instrument that could have produced 7.72 million new shares. The July 23 repayment disclosure said the UK-listed Bitcoin treasury company completed the sale at an average price of $65,762 about two weeks before the instrument’s maturity. Each share ended the transaction with less Bitcoin….