Bitcoin price drops to $62.5K as trader warns weekly close may spark more losses

Bitcoin falls further toward new August lows, ignoring positive US inflation trends while US stocks continue to circle all-time highs. Source: Cointelegraph

Bitcoin falls further toward new August lows, ignoring positive US inflation trends while US stocks continue to circle all-time highs. Source: Cointelegraph

Morgan Stanley’s reported IBIT holdings rose to 16.5 million shares in Q2, while Ether ETF positions and several crypto-linked stocks also increased. Source: Cointelegraph

JPMorgan reported a 25% increase in its Bitcoin ETF position and more than quadrupled its Ether ETF position in the second quarter. Source: Cointelegraph

Binance said it will stop processing transactions for involving 11 crypto platforms, including HTX, which was recently listed in the EU’s sanctions package targeting Russia. Source: Cointelegraph

Solana’s proposed fee overhaul would make resource-heavy transactions more expensive while cutting costs for simpler activity, and it increases the amount of SOL burned. Source: Cointelegraph

Credit card and staking revenue drove Gemini’s services growth in Q2 as exchange revenue fell 38% and trading volume dropped by two-thirds. Source: Cointelegraph

Shinhan Asset Management and Plume will test a tokenized fund using a Korean won-denominated ultra-short-term bond fund as its underlying asset. Source: Cointelegraph

Bitcoin futures open interest on Binance fell alongside BTC price as analysis published on CryptoQuant flagged mounting pressure on leveraged longs. Source: Cointelegraph

Qualifying new customers can receive full reimbursement, including fees, if they notify both the operator and law enforcement within 30 days. Source: Cointelegraph

Hawaii will join Minnesota, Tennessee and Indiana in becoming the fourth US state to completely ban the use of cryptocurrency ATMs and kiosks in response to scams. Source: Cointelegraph