Empery Digital sold 1,400 Bitcoin worth $87.1M to fund an AI data center and pay down debt.
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🇺🇸 Custodia Bank has asked the U.S. Supreme Court to review the Fed's denial of its access to the Federal Reserve payment system.
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Media is too big
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Crypto | Bitcoin | Ethereum | Altcoin | News pinned a video
Pakistan's 40M crypto users face Islamic law ruling
Pakistan, home to roughly 40 million crypto users — the third-largest base globally — is facing a direct conflict between its digital finance ambitions and Islamic legal authority.
On June 10, a fatwa was issued declaring digital asset payments, including stablecoins, non-compliant with Islamic law. This puts regulators in a difficult position as they work to formalize crypto oversight in one of the world's largest crypto markets by user count.
The ruling adds a significant layer of complexity to Pakistan's regulatory path, as any framework must now account for both financial modernization goals and Sharia compliance requirements.
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🇵🇰 Pakistan's crypto regulator called for dialogue after Islamic scholars ruled against using crypto for payments.
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Turkey Charges 504 in $1bn Crypto Money Laundering Case
Turkish prosecutors have indicted 504 suspects for allegedly running a large-scale money laundering network that moved nearly 40 billion Turkish liras (approximately $1 billion) through a web of shell companies, jewellery stores, payment providers, and cryptocurrency transactions.
The charges stem from a 1,548-page indictment filed by Istanbul's Chief Prosecutor. The alleged network used crypto as one of several layering tools alongside traditional financial structures to obscure the origin of funds.
The case is among the largest crypto-linked money laundering prosecutions in Turkey's history, reinforcing the growing focus of regulators and law enforcement on illicit use of digital assets in emerging markets.
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AI-native microbusinesses could drive $262B in stablecoin payment volume by 2033, per Swyftx.
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Forwarded from Bitcoin Insights
Bitcoin Nears Key Support Level
Bitcoin is approaching the lower support line of the Power Law model that Fidelity has tracked since 2015. At the current price, the support boundary is around $58,000, while the model’s upper limit is near $120,000.
Jurrien Timmer, Director of Global Macroeconomics, described this area as an accumulation zone.
🔥 @Bitcoin_Insights
Bitcoin is approaching the lower support line of the Power Law model that Fidelity has tracked since 2015. At the current price, the support boundary is around $58,000, while the model’s upper limit is near $120,000.
Jurrien Timmer, Director of Global Macroeconomics, described this area as an accumulation zone.
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🇺🇸 U.S. House will hold a hearing on the Crypto CLARITY ACT in just 4 days (July 17).
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Tuesday, July 14
14:30 CET – U.S. June CPI Inflation
16:00 CET – Fed Chair Kevin Warsh testifies before the House Financial Services Committee
U.S. Q2 earnings begin with major banks including JPMorgan, Bank of America, Citigroup, Goldman Sachs, and Wells Fargo reporting.
Wednesday, July 15
04:00 CET – China Q2 GDP
14:30 CET – U.S. June PPI Inflation
16:00 CET – Fed Chair Kevin Warsh testifies before the Senate Banking Committee
20:00 CET – Federal Reserve Beige Book
Thursday, July 16
14:30 CET – U.S. Initial Jobless Claims
22:30 CET – Federal Reserve Balance Sheet (H.4.1)
Friday, July 17
14:30 CET – U.S. Import & Export Price Indexes (June)
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Over $1.5 Trillion wiped out in 10 hours.
Bitcoin: -2.47%
GOLD: -1.62%
Silver: -3.4%
🇰🇷KOSPI: -8.95%
🇯🇵NIKKEI: -2.7%
🇨🇳 SSE Composite: -2.3%
🇹🇼 Taiwan: -3.1%
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🇬🇧 Ripple backs the UK’s new tokenization strategy, arguing tokenized wholesale markets could add up to £33B in annual economic output by 2035.
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BTC : $62,876
ETH : $1,781.44
BNB : $569.38
SOL : $76.40
Market Cap
Total : $2.25T
DeFi : $70B
24hr Vol : $50.3B
Sentiment
FGI : Fear (28)
Open Interest : $108.09B
24h Liquidation : $125.7M
The crypto market is pulling back after its recent recovery attempt, with Bitcoin slipping below $63K and broader sentiment remaining firmly in Fear territory.
Open interest has fallen around 1.5%, while 24-hour liquidations have cooled significantly — suggesting leverage is being reduced without another major market-wide flush.
For now, the market remains fragile rather than decisively bearish. Buyers are still defending key levels, but conviction remains weak and volatility could return quickly.
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Strategy has just increased its USD reserves by $450 million to $3 billion through common stock ATM offering to support its perpetual preferred stock dividends.
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Crypto Drops Monday as Geopolitics and Profit-Taking Hit
Crypto markets reversed weekend gains on Monday as a combination of profit-taking and renewed Middle East tensions triggered a broad selloff.
South Korea's Kospi index fell 9.2%, adding to risk-off sentiment across global markets. The crypto downturn liquidated $253 million in leveraged positions, underscoring how quickly external shocks can unwind short-term momentum.
The episode is a reminder that crypto remains sensitive to macro and geopolitical events, with leveraged exposure amplifying losses during sudden market turns.
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Tom Lee’s Bitmine has bought $50 million in #ETH.
Bitmine now holds 55.77 million $ETH worth $10.2 billion.
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