📌 Daily Summary
● LIVE TRACKINGThe Chicago Mercantile Exchange (CME) is set to initiate legal action against the Commodity Futures Trading Commission (CFTC) concerning Bitcoin transactions, highlighting ongoing regulatory tensions in the cryptocurrency space. Meanwhile, conflicts in Wall Street's outlook regarding monetary policy are evident, as Citi forecasts a Federal Reserve rate cut, while JPMorgan maintains a contrary stance. Compounding market uncertainties, expert analysis suggests that recent Federal Reserve data indicates a persisting bear market for Bitcoin, with potential lows anticipated in the near future. In other developments, Binance has unveiled its latest reserve report showcasing the amounts of Bitcoin and altcoins held, alongside the announcement of four new altcoin projects added to its watchlist. Additionally, Kraken's insights point to the 200-week moving average as a significant buying opportunity for Bitcoin investors.
14:22
CME Group is preparing to sue the CFTC over Kalshi's approval of Bitcoin (BTC) perpetual futures contracts.
13:36
While Bitcoin continues to trade sideways, Citi and JPMorgan have shared their latest predictions regarding the Fed's interest rate decision.
12:28
The analyst says the bond market has given a clear signal regarding interest rates, which could make it more difficult for Bitcoin (BTC) to go upside down.
10:20
Cryptocurrency exchange Binance has released its 43rd Proof of Reserves report for June. How much Bitcoin, Ethereum, XRP, and altcoins does it hold?
08:57
Binance announced that following its recent assessments, it will be adding certain digital assets to its Watch Label.
