Author: AltCoinDrops.com
Though there’s no new sign of progress on the U.S. Senate’s Digital Asset Market Clarity Act, the crypto industry’s Blockchain Association held an online event Thursday with involved lawmakers continuing to make the case for support — especially in the law enforcement community — as the bill’s advocates contend with a narrow Senate window.Throughout the months of Clarity Act negotiations, the legislation’s provisions that contend with cryptocurrency abuse in illicit finance have remained among the top concerns of Democratic lawmakers, and a number of Democrats who’ve worked on the bill have so far held back their support while some law-enforcement…
Bitcoin is back in the danger zone, as prices fell to their lowest level since January on Thursday after selling pressure got worse across the crypto market. Bitcoin’s price is currently at $63,300, down by over 16% for the week. Over the past seven days, Bitcoin has lost about 13% and slipped into the $67,000 area. That is a long way from the high above $120,000 reached last October. From that peak, Bitcoin is now down more than 45%. Traders bet Bitcoin can fall below $60,000 as six-figure odds keep shrinking Traders on Kalshi now see the current stretch as…
Bitcoin briefly plunged below $62,000 Thursday morning Hong Kong time, triggering more than $1.5 billion in leveraged crypto liquidations over the past 24 hours as a wave of forced selling accelerated the market’s steepest decline in months.More than 208,000 traders were liquidated across crypto markets, according to CoinGlass data, with bitcoin accounting for over $800 million of the losses and ether another $386 million.The liquidation wave coincided with continued weakness in institutional demand. Investors have pulled approximately $1 billion from U.S. spot bitcoin ETFs this week, according to SoSoValue data, extending the funds’ record streak of net outflows.Presto Research argued…
TLDR: Cardano partners with Brazil Olympic Committee to deploy blockchain across sports governance. Three-year roadmap targets digital identity, fan engagement, equipment tracking, and governance. Pilot programs begin after executive workshops, focusing on verifiable athlete certifications. Public blockchain use aims to boost transparency, efficiency, and trust in sports institutions. The Cardano Foundation has entered a strategic partnership with the Brazilian Olympic Committee (COB) to integrate blockchain, artificial intelligence, and IoT technologies into Olympic sports management systems. The collaboration outlines a three-year roadmap focused on modernizing governance, athlete services, and fan engagement. COB aims to position itself as a global benchmark for…
TLDR The U.K. FCA warned football clubs about sponsorship deals with unauthorized crypto firms. The regulator said some firms may be providing regulated services without proper authorization. Officials stated that unlawful financial promotions are criminal offences under U.K. law. The FCA said such partnerships could expose clubs to legal, operational, and reputational risk. Lucy Castledine urged fans to check the regulator’s Firm Checker before buying financial products. The U.K. Financial Conduct Authority (FCA) has warned football clubs about sponsorship agreements with unauthorized crypto firms. The regulator said several partnerships may breach financial services laws and expose clubs to legal risk.…
Worldcoin price has surged over 40% since late May after whale activity and network growth climbed to their highest levels of 2026, strengthening the case for a move toward the next major resistance zone near $0.65. Summary Worldcoin has surged more than 40% since late May as whale transactions, active addresses, and new wallet creation climbed to 2026 highs. A breakout from a multi-month descending triangle has pushed WLD above $0.54 and brought the $0.65 resistance zone into focus. Growing World App activity and renewed interest in AI-related tokens have supported demand despite weakness across the broader crypto market. According…
TLDR Bitmine Immersion reduced its weekly Ethereum purchases after nearing its long term supply target. The company added 26,497 ETH last week, bringing total holdings to about 5.42 million tokens. Bitmine now controls roughly 4.49 percent of Ethereum’s circulating supply based on company data. Weekly buying dropped more than 75 percent compared to the previous 120,000 ETH purchase. The firm has accumulated over one million ETH since the start of 2026. Bitmine Immersion has reduced its Ethereum purchases after nearing its long-term target of controlling 5% of the network supply. According to a Monday company update, Bitmine Immersion (BMNR) acquired…
Global digital asset and AI infrastructure firm Galaxy Digital has launched a new OTC (over-the-counter) prediction markets trading desk, which is expected to give institutional investors a platform to place bets on prediction events at a scale larger than retail traders. The new service, run through Galaxy’s global markets desk, covers non-sports event contracts listed on Kalshi and Polymarket, according to a company press release. The Nasdaq-listed firm then completed a $10 million inaugural trade with crypto hedge fund Arca, tied to the fate of U.S. digital asset legislation. Institutions want a piece of the prediction market pie Prediction markets…
The crypto market crash erased over $170 billion within a day as hefty outflows occurred on Tuesday. Moreover, it led to more than $1.5 billion in liquidations of leveraged crypto assets. The slump comes in response to rising oil prices and geopolitical tensions stemming from the current U.S.-Iran conflict. $1.5 Billion Liquidations Dominate Crypto Market Crash Overall, $1.5 billion of crypto liquidations took place over the last 24 hours. Out of this, it included nearly $1.35 billion on the part of long investors, according to CoinGlass data. Crypto Liquidations Data Today. Source: CoinGlass In total, it appears that $141.8 million…
Crypto-backed political groups have expanded their election spending as several US primaries test the industry’s influence in Congress. Summary Crypto-backed PACs have increased spending in US congressional primaries as digital asset policy becomes a key election issue. FEC filings show Protect Progress spent millions supporting Democratic candidates in California, New Jersey, Maryland, and New York. Fairshake-linked groups are targeting lawmakers based on their crypto policy positions as Congress reviews major digital asset bills. According to filings with the US Federal Election Commission, Fairshake-linked groups backed by Coinbase, Ripple, and other crypto supporters have directed millions of dollars into House and…