Cryptocurrency
Bitcoin falls below $60,000 on sticky inflation data
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Bitcoin dropped below $60,000 on June 25 after U.S. economic reports showed persistent inflation and firm growth. The move triggered nearly $1 billion in liquidations across crypto derivatives.
Strategy Inc.’s perpetual preferred stock STRC has seen its 90-day correlation with Bitcoin rise to nearly 0.70, the highest level since the instrument debuted in July 2025. The stock has fallen sharply alongside Bitcoin in recent weeks.
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South Korean authorities have fined cryptocurrency exchange Bithumb $136,000 for sharing user information overseas. The penalty comes amid ongoing scrutiny of the platform's data handling practices.
A New York lawsuit seeking ownership of dormant Bitcoin addresses has run into new evidence from the blockchain itself. Fifty-two of the targeted wallets moved more than $2.48 billion in BTC after the case began.
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BitGo Europe has announced a partnership with Warsaw-based Bielik.io to deliver regulated crypto services across the European Economic Area. The move comes as the Markets in Crypto-Assets regulation deadline approaches on July 1, 2026. Smaller platforms may use such arrangements to maintain user access while complying with new rules.
AllUnity has launched SEKAU, a new stablecoin backed by the Swedish krona. The token operates under the European Union's MiCA framework and targets institutional users.
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Bitcoin slipped below $63,000 on Friday amid a broader selloff in risk assets, erasing earlier gains linked to an Iran deal that eased oil supply concerns.
Bitcoin hits 21-month low amid sharp monthly declines
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