The differing approaches to a US sovereign wealth fund highlight deep political divides, impacting future economic strategies and tech industry relations.
The post Trump and Sanders push for US sovereign wealth fund, but can’t agree on the blueprint appeared first on Crypto Briefing.
The post EU Set to Revise MiCA in 2027 to Cover Foreign Stablecoin Issuers appeared on BitcoinEthereumNews.com.
In brief The EU is preparing to reopen its Markets in Crypto-Assets (MiCA) rulebook, likely in 2027, to regulate non-EU stablecoin issuers and broaden its scope, EU diplomats told Euronews. The push follows the U.S. GENIUS Act and President Trump’s promotion of dollar-backed stablecoins, which make up 95% of the market. The European Commission is consulting stakeholders until September 30 before deciding whether to formally reopen the law. The European Union is preparing to reopen its flagship crypto rulebook to bring non-EU stablecoin issuers under its supervision, as U.S. President Donald Trump’s embrace of dollar-pegged tokens unsettles European regulators, Euronews reported, citing several EU diplomats. MiCA, the bloc’s landmark crypto framework, only fully came into force on July 1, but officials already see a rewrite as inevitable. “Reopening the file seems unavoidable
The post Bitcoin price shows resilience above $60,000 amid renewed US-Iran hostilities appeared on BitcoinEthereumNews.com.
Bitcoin price held above $62,000 after renewed fighting between the United States and Iran slowed traffic through the Strait of Hormuz and sent oil prices higher, reviving inflation concerns across global markets. Data from CryptoSlate shows that the largest digital asset traded near $63,000 on Thursday, holding above the $60,000 level that traders have watched since last month’s selloff. The move came even as renewed US strikes on Iranian targets and retaliatory attacks by Tehran raised the risk of a broader disruption to energy flows from the Persian Gulf. Brent crude settled 5.2% higher Wednesday at $78.02 a barrel, its highest close since June 19, after briefly topping $80 during the session. US crude also rose, while shares were mixed and bond markets reflected renewed concern that higher energy costs could keep inflation elevated. For Bitcoin, the oil move a
The strike on Chabahar port disrupts regional trade dynamics, complicates India's connectivity strategy, and escalates US-Iran tensions.
The post US strike destroys Chabahar port control tower, impacting Iran’s maritime operations appeared first on Crypto Briefing.
Escalating military tensions in the Strait of Hormuz could disrupt global oil supply, impacting inflation, central bank policies, and risk assets.
The post US strikes on Iranian port in Sirik kill three as Strait of Hormuz tensions rattle energy markets appeared first on Crypto Briefing.
Eased financial conditions may boost economic growth, but they also risk inflating asset bubbles and increasing financial instability.
The post US financial conditions ease to 11-year high as stocks soar and credit spreads tighten appeared first on Crypto Briefing.
The ongoing US-Iran conflict is destabilizing markets, challenging US political cohesion, and spotlighting crypto's role in sanctions evasion.
The post US-Iran fighting enters second night, rattling crypto markets and Republican unity appeared first on Crypto Briefing.
The post Is Bitcon price rebound a dead cat-bounce? appeared on BitcoinEthereumNews.com.
Although Bitcoin (BTC) price rebounded on July 9 amid an erosion of the TACO (Trump always chickens out) trade’s edge, the risk of a Bitcoin price crash remains palpable within the crypto community. Over the past 30 days, Bitcoin price has been trapped in horizontal consolidation around $62,750 amid a tug-of-war between spot investors and derivatives traders. As such, Bitcoin price remains in a multi-month bear market, with lower lows and lower highs already confirmed year-to-date (YTD). BTC price YTD chart. Source: Finbold The recent BTC price rebound from a crucial support level around $60,000, as Finbold explained, has been fueled by increased demand for its futures market. Notably, BTC’s futures demand has rebounded from around -295,000 BTC to slightly positive territory, per data from CryptoQuant. BTC spot and perp futures demand growth for 30 days. Source: CryptoQuant. With spot demand still
