#Bitcoin Banking Scandal: When the Senate Denounces Abuses, Bitcoin Emerges as the Alternative
On June 19, a team of Senate rapporteurs was asked to work on one of the texts of the 2025 Finance Act. In practice, part of this text attempts to establish mechanisms to curb "CumCum" arrangements.
As a reminder, this is a "tax optimization" practice that allows foreign holders of French shares to circumvent dividend taxation. This method, exposed during a scandal in 2018, reveals the involvement of several banks in these schemes.
This loophole was supposed to be addressed by the 2025 Finance Act, but as Jean-François Husson (LR) points out, this anti-fraud provision has been completely stripped of its substance. According to his report, the text published by the government adds specific cases to the heart of the law. In practice, these cases introduce loopholes that allow the law to be circumvented once again.
#Bitcoin Banking Scandal: When the Senate Denounces Abuses, Bitcoin Emerges as the Alternative
On June 19, a team of Senate rapporteurs was asked to work on one of the texts of the 2025 Finance Act. In practice, part of this text attempts to establish mechanisms to curb "CumCum" arrangements.
As a reminder, this is a "tax optimization" practice that allows foreign holders of French shares to circumvent dividend taxation. This method, exposed during a scandal in 2018, reveals the involvement of several banks in these schemes.
This loophole was supposed to be addressed by the 2025 Finance Act, but as Jean-François Husson (LR) points out, this anti-fraud provision has been completely stripped of its substance. According to his report, the text published by the government adds specific cases to the heart of the law. In practice, these cases introduce loopholes that allow the law to be circumvented once again.
#ScalpingStrategy Scalping is a trading strategy that involves making a large number of quick trades to generate small profits, which can add up over time. It's ideal for assets with high volatility, such as cryptocurrencies, forex, or indices. To succeed in scalping, you'll need to ¹: - Choose the right assets: Focus on assets with high liquidity and volatility, allowing you to quickly buy and sell without significant price movements. - Use technical analysis tools: Indicators like RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and Ichimoku can help you identify trends and anticipate price movements. - Set risk management mechanisms Utilize stop-loss orders to limit potential losses and avoid significant drawdowns.
Some popular indicators for scalping include: - RSI: Measures the strength of a trend, with values above 70 indicating overbought conditions and values below 30 indicating oversold conditions. - MACD: Identifies trends and potential buy/sell signals through the convergence and divergence of moving averages. - Ichimoku A comprehensive trend trading system that provides support and resistance levels.
To implement a scalping strategy, consider the following: - Monitor markets closely Scalping requires quick decision-making and fast execution. - Stay disciplined Stick to your strategy and avoid impulsive decisions based on emotions. - Continuously learn and adapt: Refine your strategy as market conditions change.
- Texas Signs Strategic Bitcoin Reserve Into Law: Texas has launched a state-funded Bitcoin reserve, which could boost BTC adoption and price. - $1.24 Billion in Bitcoin Added to Corporate Treasuries This Week: Companies continue to accumulate Bitcoin, reflecting growing institutional interest. - Solana Foundation Signs MOU With Kazakhstan To Launch Solana Economic Zone: This partnership aims to promote economic growth and development in the region. - Real Estate Billionaire Grant Cardone Purchases $300M Worth of Bitcoin: Cardone's investment reflects his confidence in Bitcoin's potential for long-term growth. - Michael Saylor Predicts Bitcoin Price To Reach $21 Million In 21 Years: Saylor's prediction highlights the potential for significant returns on Bitcoin investments.
Market Updates:
- Global Crypto Market Cap: $3.14 trillion, down 1.89% over the last day - Bitcoin Price: $102,438.57, up 2.89% over the last 7 days - Ethereum Price: $2,269.83, up 10.34% over the last 7 days - Top Gainers: - Dogecoin: $0.1564, up 10.99% over the last 7 days - Solana: $135.02, up 7.55% over the last 7 days - *Top Losers*: - EOS: down 100% (currently trading at $0) - GALA: $0.01, down 9.53% over the last day
Other News:
- CoinMarketCap Hacked: CoinMarketCap was recently hacked, and the platform is working to remove malicious wallet verification popups. - Cardano ETF Approval Odds: Cardano ETF approval odds have hit an all-time high on Polymarket. - Ripple Mints 13 Million RLUSD: Ripple's recent minting of RLUSD tokens reflects growing interest in stablecoins
Current Price: Bitcoin's current price is $102,501.69, with a 0.76% decrease from its previous close price. Its market capitalization stands at $2.08 trillion.
*Recent Market Trends:*
- Volatility: Bitcoin tumbled to a low of $101,095 on Friday due to market volatility triggered by the tussle between US President Donald Trump and Tesla Chief Elon Musk. - *Resistance Levels:* Analysts are watching key resistance levels, with $106,000 being a crucial point for potential upward momentum. - Institutional Investment: Semler Scientific reveals plans to buy 105,000 BTC by 2027, reflecting growing institutional interest in Bitcoin as a store of value
Market Analysis:
- Technical Overview: Bitcoin's technical overview suggests potential slump to $100,000 amid Trump-Musk tussle. However, its rebound above $102,000 indicates resilience. - *Adoption:* Growing adoption of cryptocurrency-related financial products, including tokenized treasuries, is expected to boost Bitcoin's price ¹.
News and Updates:
- Bitcoin ETFs: Bitcoin ETFs have seen significant inflows despite geopolitical tensions, with one ETF recording 9 days of afflux. - Global Adoption: El Salvador continues to accumulate Bitcoin, purchasing 240 BTC despite IMF agreements ¹.
*Forecast:*
- Short-term Forecast: Bitcoin's price could slump to $100,000 amid market volatility, but its rebound above $102,000 indicates potential for growth. - Long-term Forecast: Analysts predict Bitcoin's price to surge in the long term, driven by growing institutional interest and adoption
#bitcoin Here's the latest news update on Bitcoin:
Current Price: Bitcoin's current price is $103,520.76, with a 0.73% decrease from its previous close price.
Recent News:
- Bitcoin ETFs: Despite geopolitical tensions, Bitcoin ETFs have seen significant inflows, with one ETF recording 9 days of afflux. This comes as Bitcoin resists market volatility, potentially setting up for a surge. - Institutional Investment: Semler Scientific aims to buy more Bitcoin, targeting 105,000 BTC by 2027. This move reflects growing institutional interest in Bitcoin as a store of value. - Global Adoption: El Salvador continues to accumulate Bitcoin, purchasing 240 BTC despite IMF agreements. This demonstrates the country's commitment to embracing Bitcoin as a national currency. - Bank Adoption: BBVA bank is advising its clients to invest in Bitcoin and Ethereum for better portfolio performance, signaling increased acceptance of cryptocurrencies in traditional finance ¹
Market Trends:
- Market Cap: Bitcoin's market capitalization stands at $2.08 trillion, solidifying its position as a leading cryptocurrency. - Resistance Levels: Analysts are watching key resistance levels, with $106,000 being a crucial point for potential upward momentum. - Mining: Bitcoin mining activity is increasing, with some countries exploring its potential for energy stability
On June 18, 2025, the Federal Open Market Committee (FOMC) met to define the future course of the US Federal Reserve's monetary policy. Unsurprisingly, the committee decided to keep the Fed's interest rates at their current levels, i.e., between 4.25 and 4.5%.
However, with inflation (CPI) remaining stable, close to the Fed's 2% target, and a US job market that is also relatively peaceful, Jerome Powell no longer has any valid reasons to oppose a further rate cut.
And market participants are not mistaken. Indeed, while they expected the Fed to remain reluctant about such a decision on June 18, financial specialists now mostly (67%) see a resumption of the reduction in key rates next September, according to the CME's FedWatch tool.
#IsraelIranWar Initial Crypto Market Reactions to the Conflict The launch of "Operation Rising Lion" by Israel and the subsequent retaliation by Iran with "Operation True Promise III" created an immediate shockwave. Bitcoin (BTC) dropped roughly 5.5% from $109,000 to $102,800, while Ethereum, Solana, and other altcoins tumbled as well.
Over $230 billion in market capitalization was wiped out within a day, with $1.2 billion in liquidations across centralized and decentralized exchanges. Crypto fear levels rose slightly, but investor sentiment remained largely optimistic.
What we saw was not just panic selling. Institutional players like MicroStrategy continued to signal buying intentions. Meanwhile, spot Bitcoin ETFs attracted over $1.3 billion in inflows during the same week. This resilience showed that while short-term volatility exists, long-term confidence is not shaken.
Iran Israel War Impact on Crypto
Is Bitcoin Really a Safe Haven? The debate around whether Bitcoin is a safe haven asset reignited. Traditionally, assets like gold and government bonds have attracted investors during wars. That’s exactly what we saw: gold surged to over $3,400, while U.S. Treasuries rallied. Bitcoin? It declined.
This suggests Bitcoin currently behaves more like a "risk-on" asset. But the story doesn’t end there. Historical data shows BTC often rebounds and outperforms following geopolitical shocks. For example, after an 8.8% drop during Iran’s October 2024 attack on Israel, Bitcoin later surged 80%.
So while Bitcoin may not act like digital gold during the initial wave of conflict, its long-term resilience still supports the store-of-value narrative.
#IsraelIranConflict Iran Israel War The ongoing conflict between Iran and Israel has captured global attention, and its impact is rippling through financial markets, including cryptocurrency. As missiles are launched and infrastructure is targeted, investors are wondering: what does this mean for Bitcoin and the broader crypto market?
Let's get into the facts, trends, and insights behind the "Iran Israel war impact on crypto."
A cutout of President Trump holding a bitcoin seen at a conference in Las Vegas in May. Trump Media & Technology, co-founded by President Trump, plans to offer several crypto products. A cutout of Trump holding a bitcoin at an event earlier this year. Ian Maule / AFP via Getty Images An exchange-traded fund planned by Trump Media & Technology Group (DJT) will combine Bitcoin and Ether in a single tradable asset, the company said Monday.
The Truth Social parent company, founded by President Donald Trump, earlier today said it intended to launch an ETF that would directly hold both Ether and Bitcoin, with a quarter of its assets in the former and the rest in the latter. The launch is planned for "later this year," the company said.
The company earlier this month said it planned to offer a Bitcoin-only ETF, and in late May said it was raising money to acquire Bitcoin.
Trump Media earlier this year announced plans to offer crypto products. Crypto.com in March said it would partner with the company to offer the ETFs.
Shares of Trump Media & Technology Group lost about 4% Monday to close just under $19, bringing their pullback to more than 40% in 2025. Bitcoin was recently trading a bit below $109,000, while Ether was changing hands above $2,600
Bitcoin has lost recent gains in a $2,000 slide as Middle East tensions escalated on Monday night.
Bitcoin and cryptocurrency markets are dipping again as tensions in the Middle East further escalate, with US President Donald Trump leaving a summit of world leaders and posting an ominous message about Tehran.
Trump has requested that the National Security Council be prepared in the White House Situation Room as he returned early from the G7 summit in Canada on Monday, Fox News reported.
The report comes just hours after Trump took to his social media platform, Truth Social, with a chilling message: “Everyone should immediately evacuate Tehran!”
Meanwhile, US Press Secretary Karoline Leavitt confirmed Trump arrived in Canada on Sunday for the annual G7 summit but departed early due to the escalating Israel-Iran conflict.
“Much was accomplished, but because of what’s going on in the Middle East, President Trump will be leaving tonight after dinner with Heads of State,” Leavitt wrote, according to CBS News.
“I have to be back early for obvious reasons,” Trump told reporters as he departed.
President @realDonaldTrump is leaving the G7 Summit in Canada early, telling the National Security Council to be prepared in the Situation Room for his return. pic.twitter.com/eQpkveuNUj
JUST IN: The MVRV Z-Score 2YR Rolling chart shows that #Bitcoin still has SIGNIFICANT upside potential 🚀
Using a 2-year rolling window to mitigate for fundamental changes in Bitcoin price and on-chain behaviour over time, this is a key chart you need to watch!
The co-founder and CEO of Blockstream, Adam Back, has been a staunch advocate of Bitcoin since its inception. He was even mentioned in the BTC white paper by Satoshi Nakamoto. In a recent statement, he joked that he had taken steps to prevent BTC from collapsing to zero.
This humorous announcement from Adam Back follows a tweet from Michael Saylor, Executive Chairman of MicroStrategy, who stated: "if Bitcoin doesn't go to zero, it will go to a million."
Adam Back responded by saying that he had done his best to prevent a collapse to zero of BTC by placing a limit order on the Bitfinex platform to buy all Bitcoins at $0.02 if the price ever dropped to that level! That still represents $420,000 tied up in a buy position.
#TrumpBTCTreasury Trump Media's registration for bitcoin treasury deal becomes effective By Reuters
June 13 (Reuters) - Trump Media and Technology Group (DJT.O), opens new tab said on Friday that the U.S. Securities and Exchange Commission has declared effective the registration for its bitcoin treasury deal. The company said it raised about $2.3 billion through a mix of debt and equity agreements with participation from around 50 investors. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. It said in May that the bitcoin will be held on Trump Media's balance sheet alongside existing cash and short-term investments totaling $759 million as of the end of the first quarter. Several companies, including video game retailer GameStop (GME.N), opens new tab and Strategy (MSTR.O), opens new tab, are adding bitcoin and other cryptocurrencies to their balance sheets to capitalize on rising token prices as the Trump administration embraces digital assets..
#TrumpBTCTreasury How the Strategic Bitcoin Reserve could change everything
Unlike past cycles propelled by catalysts such as the ICO boom in 2017 or the DeFi Summer of 2020, the current cycle is driven by a regulatory shift, including the SEC’s supportive stance on crypto and the proposed Strategic Bitcoin Reserve.
The crypto market is increasingly aligned with global macro trends, mirroring tech equities in their longer, more stable cycles. In the current cycle, Bitcoin exhibits a stronger correlation with traditional financial markets, alongside abnormally low volatility.
Institutional investors have now become the primary drivers of Bitcoin’s price movements. This can be demonstrated by open interest in CME Bitcoin futures, which rose from under $4 billion before the approval of ETFs to a consistent level above $10 billion, with peaks above $20 billion.
However, CME’s open interest may be inflated by institutional investors, who use leverage to profit from the spread between spot ETFs and futures when the basis exceeds the US Treasury yield. If these basis arbitrage positions are unwound at scale, they could trigger sharp price declines through spot ETF outflows.