CoinBatmi

🏛️ ASIC has extended its no-action relief for digital asset firms until September 30, 2026, pushing the deadline from the original June 30 cutoff.

The expansion now covers businesses operating through authorized representatives or intermediary arrangements with licensed firms, not just those directly seeking AFS licenses.

Firms pursuing market or clearing and settlement authorizations also fall under the broader relief scope.

The move gives crypto businesses more runway to adapt to Australia's updated licensing framework without facing immediate enforcement action.

$BTC $ETH #Ethereum #Bitcoin #CryptoNews

🏛️ SEC Charges Kraken for operating an unregistered securities exchange, broker, dealer, and clearing agency.

The enforcement action highlights the SEC's continued focus on crypto exchanges that register or comply with federal securities laws.

The classification of crypto tokens as securities remains a central debate in the industry, with outcomes varying by context and jurisdiction.

Regulatory compliance and transparency continue to shape the long-term viability of crypto companies and exchanges.

$POL #CryptoNews #MarketUpdate #Regulation

Coinbase is pushing hard for clear crypto regulation to modernize the financial system.

The company is focusing its policy efforts on consumer protection, market integrity, national security, and financial inclusion — aiming to bridge crypto with traditional finance in a compliant way.

Notably, the OCC recently issued an interpretive letter allowing banks to offer crypto custody services, a move championed by Brian Brooks during his tenure.

#CryptoNews #MarketUpdate

📉 Bitcoin just hit its lowest level since September 2024 before rebounding to $59,770.

The crypto market is clinging to support as volatility spikes across the board. Derivatives data suggests more downside pressure could be building, keeping traders on edge.

Watch whether $59,770 holds as a floor — a break below could open the door to further declines.

$BTC $ETH #Ethereum #Bitcoin #CryptoNews

📈 X Money just rolled out 6% APY on deposits for select US users — a rate that makes most savings accounts look obsolete.

The social media-integrated platform is positioning itself as a direct challenger to both legacy banks and fintechs, leveraging built-in distribution that traditional finance simply can't replicate.

Watch for rapid user adoption numbers and whether the 6% yield holds as deposits scale.

#CryptoNews #MarketUpdate #XMoney

🧩 Base has delayed its Beryl mainnet upgrade to June 26.

The move gives the B20 Activation Registry time to reach full operational status before the rollout.

The upgrade remains a significant protocol enhancement for the Base network, with the new date aimed at ensuring a smoother transition for users and developers.

#CryptoNews #MarketUpdate #Base

📉 BitGo is cutting nearly 15% of its workforce as it pivots toward stablecoins and AI infrastructure.

The crypto custodian previously laid off 12% of staff in late 2023, citing market conditions and operational streamlining. CEO Mike Belshe noted the company was still growing and hiring in key areas despite the cuts.

Watch for how the strategic shift toward stablecoins and AI plays out in BitGo's product lineup.

#CryptoNews #MarketUpdate #BitGo

🏦 The CLARITY Act faces a tight deadline before Congress's August recess, Schwab warns.

Passage could bring regulatory certainty to crypto markets, potentially drawing in institutional capital.

Schwab has flagged the urgency, noting that clarity on digital asset rules may be the key trigger for broader institutional allocation.

Markets are watching the calendar closely.

#CryptoNews #MarketUpdate #Regulation

📉 Binance has formally withdrawn its MiCA license application in Greece, just one week after reports indicated the application was likely to be denied by local regulators.

MiCA is the EU's comprehensive regulatory framework for crypto-assets, and the withdrawal raises questions about Binance's European expansion strategy.

What to watch: whether Binance pivots to other EU jurisdictions or adjusts its compliance approach for future applications.

$BNB #CryptoNews #MarketUpdate #MiCA

📉 Singapore's Monetary Authority has added Hyperliquid to its Investor Alert List.

The move highlights the risks of using unlicensed crypto platforms and underscores the importance of regulatory compliance and platform security for investors.

Watch for further regulatory actions as authorities continue to scrutinize unlicensed platforms.

$HYPE #CryptoNews #MarketUpdate

📉 MicroStrategy reaffirmed its long-term Bitcoin commitment after a rare sale briefly unsettled investors.

CEO Michael Saylor moved quickly to clarify the company's strategy, signaling that the sale does not reflect a shift in conviction.

Watch for continued corporate balance sheet moves as Bitcoin remains highly sensitive to major holder activity.

$BTC #Bitcoin #CryptoNews #MarketUpdate

🏛️ Real estate mogul Grant Cardone just reaffirmed he's not slowing down on Bitcoin buys.

He's funding purchases directly from property cash flow — not selling equity.

His take? The current slide is an accumulation window, not a warning sign.

He's essentially running a treasury model: cash-flowing real estate in, Bitcoin out.

$BTC #Bitcoin #CryptoNews #MarketUpdate

⚠️ Polymarket's frontend was compromised by a malicious script injection.

The decentralized prediction market confirmed attackers successfully injected malicious code into its platform's frontend interface.

Polymarket has since removed the affected dependency to contain the breach.

Users who interacted with the platform during the compromise window should remain vigilant for suspicious wallet prompts or unexpected transaction requests.

#CryptoNews #MarketUpdate #SecurityAlert

🏦 Baillie Gifford is putting a UK bond fund's ownership records directly on-chain.

The $377B asset manager is testing a model called BAGEY that uses public blockchains as part of the legal ownership register for regulated UK funds.

This isn't just about distribution. The on-chain record forms part of the legal ownership structure itself, with tokens representing investor holdings.

The initiative shifts the tokenization conversation from distribution to fund administration, integrating $ETH and $SOL into the backbone of regulated fund operations.

$ETH $SOL #Ethereum #CryptoNews #MarketUpdate

🏦 Bitcoin ETF flows are one of the clearest windows into institutional appetite for BTC.

When investors buy ETF shares, new capital enters the fund — creating buy pressure on Bitcoin. When they sell, the opposite happens.

Most U.S. spot Bitcoin ETFs hold actual BTC, meaning every dollar of flow translates directly into real supply and demand on the market.

Tracking these flows is essential for understanding where institutional money is moving.

$BTC #ETF #Bitcoin #CryptoNews

🏛️ SharpLink just resumed ETH purchases after an 8-month pause, snapping up 5,000 ETH worth ~$7.85M from FalconX.

The firm’s total holdings now stand at 876,285 ETH (~$1.4B), but current ETH is still far below its average buy price of $3,609, leaving an unrealized loss over $1.7B.

This move shows a high-conviction ETH bet by a major treasury holder, even as the market prices in a deep drawdown from their cost basis.

$ETH #Ethereum #CryptoNews #MarketUpdate

📉 Wall Street's AI cost anxiety is bleeding into crypto.

A tech stock selloff, sparked by investor fears over massive AI infrastructure spending, spilled into digital assets on June 25. Bitcoin and Ether both posted declines as the contagion hit.

Nvidia's stock took a notable hit on June 24, underscoring how quickly sentiment around AI costs can ripple across markets.

Watch for continued correlation between tech earnings expectations and crypto volatility.

$BTC #Bitcoin #CryptoNews #MarketUpdate

⚠️ Polymarket suffered a multi-million dollar crypto hack after attackers exploited a vulnerability in a third-party vendor's system.

The platform's website was infiltrated, and hackers were able to steal millions in user cryptocurrencies.

Polymarket has confirmed the security breach, which occurred via the compromised vendor rather than a direct exploit of its own smart contracts.

Users should exercise caution with platform permissions and monitor for any official updates from the team.

#CryptoSecurity #CryptoNews #MarketUpdate

🏦 JPMorgan's crypto initiatives are gaining traction across multiple fronts.

The bank is actively developing a blockchain-based interbank payment platform and a crypto-asset management platform, with engineers sharing development insights.

A proposal to add JPMorgan as a validator on Aave has sparked mixed reactions across the crypto community.

Analysis of JPMorgan's patent filings points to expanding areas of innovation and competition in crypto infrastructure.

The debate around Wall Street's deeper involvement in DeFi is only getting started.

$AAVE #CryptoNews #MarketUpdate #DeFi

Binance remains the world's largest crypto exchange following its regulatory settlement, with former CEO Changpeng Zhao confirming his prison stint didn't dent business operations.

Zhao, who stepped down as CEO but retains a majority stake in the exchange, described his time in prison as a period of personal growth. He says his business interests were never negatively impacted during the ordeal.

The former exec is now pivoting toward a career in venture capital, signaling a new chapter while maintaining his outsized influence on the Binance ecosystem.

$BNB #CryptoNews #MarketUpdate #Binance