Crypto - TechWire

Crypto

04:17

                            Wall Street strategist Tom Lee is aiming to create the MicroStrategy of Ethereum
                        
21:35

                            U.S. Supreme Court rejects bid to shield Coinbase user data from IRS
                        
                            The U.S. Supreme Court has rejected a request to protect Coinbase user data from the IRS.
                        
21:34

                            Market news: The U.S. Supreme Court rejected a request to protect Coinbase user data from being obtained by the IRS.
                        
20:07

                            Strategy spent about $531.9 million last week to increase its holdings by 4,980 bitcoins
                        
                            According to official news, Strategy (formerly MicroStrategy) spent about $531.9 million to purchase 4,980 bitcoins at a price of about $106,801 per bitcoin between June 23 and June 29; its bitcoin investment return rate has reached 19.7% since the beginning of 2025. As of June 29, 2025, the company holds 597,325 bitcoins, which were purchased at a price of about $70,982 per bitcoin, with a total cost of about $42.4 billion.
                        
15:04

                            TF International: Stablecoins will transform traditional financial technology paradigms and are expected to reach a scale of 2 trillion to 3.7 trillion US dollars in the next few years
                        
                            Stablecoins are hot right now. Kong Rong, TF International analyst, deputy leader of TF Research's TMT industry research group and head of international research, told reporters that the market expects that the scale of stablecoin transactions may reach 2 trillion or even 3.7 trillion US dollars in the next few years. The first stablecoin, circle, has risen 5 times since its listing, with a market value of over 50 billion US dollars in the early stage. With the improvement of field channels, market stability, and the expansion of payment scenarios, it will bring incremental growth, including IWA's digital assets on the chain, physical assets on the chain, etc., and there is an opportunity to create a new paradigm and reshape the business growth logic of financial institutions. With reference to the valuation of global financial technology companies of 30 times or more, we can look forward to the positive changes in the entire financial system by combining the reference to the overall global technological level, industrial development, and the growth factors brought about by the continuous breakthroughs in AI technology.
                        
04:03

                            Coinbase shares rose 5.5%
                        
                            Coinbase shares rose 5.5% to close at their first record high since 2021.
                        
21:52

                            Coinbase (COIN.O) shares rose 3.6%, hitting their highest level since its 2021 listing.
                        
05:27

                            Stablecoin bill is just the beginning, U.S. policymaker says at fintech event
                        
                            U.S. Rep. French Hill said the U.S. needs a comprehensive digital financial regulatory framework that goes beyond the stablecoin legislation passed by the Senate this month. Hill is pushing for the passage of the CLARITY Act to establish a clear cryptocurrency market structure and coordinate the Senate's GENIUS Act and the House's STABLE Act. New York State Financial Regulator Adrian Harris warned that excessive federal intervention in cryptocurrencies could undermine the role of state regulators, and she emphasized the importance of a "meaningful state-level approach" in digital asset regulation.
                        
21:41

                            U.S. cryptocurrency stocks rose in early trading, with Coinbase up more than 6%
                        
                            U.S. cryptocurrency concept stocks rose in early trading, with Coinbase up more than 6%, Sharplink Gaming up nearly 6%, Hut 8 up more than 4%, and Robinhood up more than 3%.
                        
08:08

                            Guotai Junan International officially approved to provide virtual asset trading services, becoming the first Chinese securities firm to do so
                        
                            Guotai Junan International has recently been approved by the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services and provide opinions on the basis of providing virtual asset trading services. After the license upgrade, customers will be able to directly trade virtual assets such as cryptocurrencies (such as Bitcoin, Ethereum, etc.) and stablecoins (such as Tether, etc.) on the Guotai Junan International platform. So far, Guotai Junan International has become the first Chinese brokerage firm in Hong Kong that can provide a full range of virtual asset-related trading services, covering the provision of virtual asset trading services, providing opinions in the process of virtual asset trading services, and issuing and distributing virtual asset-related products including over-the-counter derivatives.
                        
00:00

                            Powell: Fed neither has nor seeks legal authority to buy Bitcoin
                        
                            Federal Reserve Chairman Powell said the Fed neither has nor seeks legal authority to purchase Bitcoin.
                        
23:59

                            Fed Chairman Powell: The Fed does not have and does not seek legal authority to buy Bitcoin
                        
                            Federal Reserve Chairman Powell: The Federal Reserve does not have and does not seek the legal right to purchase Bitcoin.
                        
23:48

                            Coinbase (COIN.O) rose more than 8%.
                        
06:30

                            Bitcoin price reaches $106,000 per coin, up 4.99% on the day
                        
                            Bitcoin stood at $106,000 per coin, up 4.99% on the day.
                        
06:12

                            Bitcoin rises above $105,000
                        
                            Bitcoin rose above $105,000, up 3.6% on the day.
                        
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Weekly Highlights

                                    At the opening of the US stock market, the Dow Jones Industrial Average opened nearly flat, the S&P 500 rose 0.2%, and the Nasdaq rose 0.52%. FedEx (FDX.N) fell more than 5%, and its quarterly profit guidance was lower than expected. Tesla (TSLA.O) rose 0.42%, and its sales in Europe fell sharply for five consecutive months. The Nasdaq China Golden Dragon Index rose 0.38%.
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