JUST IN: Robinhood CEO Vlad Tenev says "all Americans should have equal opportunity to... own crypto assets," calling out California's restrictions as economically disadvantaging residents.
OPINION: Bloomberg's Mike McGlone calls Bitcoin worthless, saying "This is just a bounce within the purge. It's all hopium," and "We have crypto-dollars now."
JUST IN: Bank of America slashed its Strategy (MSTR) stake by ~70%, cutting its position from $495M to $110M in a single quarter, per its Q2 13F filing.
JUST IN: πΊπΈ A Georgia man was deported from Fiji to face 25 federal charges over an alleged $165M crypto Ponzi scheme that defrauded over 6,000 investors, per DOJ.
JUST IN: Ark Invest bought 191,671 more Block shares (~$15.4M) after the stock dipped 3% Monday, continuing its pattern of buying Block on recent pullbacks.
OPINION: Strategy CEO Phong Le says markets are quiet now but expects fall to bring renewed crypto momentum via CLARITY Act progress and broader Bitcoin banking adoption.
ANALYSIS: Glassnode says weak spot liquidity, ETF outflows, and elevated loss realization are keeping Bitcoin range-bound near $63,600, though signs suggest selling pressure may be easing.
OPINION: Michael Saylor says don't invest in Bitcoin unless you'll hold it for over 4 years, ideally 10, adding he has "no useful wisdom" for short-term traders.