Author: James Wilson
Solana has fallen more than 6% from its June 15 high after a rejection at a major resistance zone, combined with a hawkish Federal Reserve outlook, pushed traders into risk-off positioning. Summary Solana fell more than 6% after failing to reclaim the key $75–$76 resistance zone and amid Fed-driven risk-off sentiment. CoinGlass data shows major liquidation clusters between $74 and $76, while support is concentrated near $65–$66. A break below $70 could expose June lows around $62, with the $60 area emerging as the next major downside target. According to data from crypto.news, Solana (SOL) dropped from a recent peak…
Every crypto trade comes down to a choice between two basic order types: take the price now, or name your price and wait. Understanding the difference, and the stop-loss and slippage that come with it, is the foundation of trading without losing money to your own mistakes. Summary Market orders prioritize immediate execution, while limit orders execute only at a user specified price. Slippage can affect trade execution prices, especially in volatile or low liquidity markets. Stop loss orders help cap potential losses by automatically exiting a position when a preset price level is reached. Placing a crypto trade comes…
Anthropic’s AI models have lost another major banking user group in Hong Kong after JPMorgan restricted employee access to Claude under the company’s licensing terms. Summary JPMorgan has restricted employee access to Anthropic’s Claude models in Hong Kong, following a similar decision by Goldman Sachs. The reported restriction stems from Anthropic’s licensing terms, which exclude usage across Greater China, including Hong Kong. The Financial Times reported that JPMorgan Chase employees in Hong Kong can no longer select Anthropic’s Claude models from the bank’s internal list of approved large language models. Three people familiar with the matter told the publication that…
Fidelity Investments has launched a money market fund aimed at stablecoin issuers and institutional investors seeking to meet reserve requirements under the GENIUS Act. Summary Fidelity has launched a money market fund designed to help stablecoin issuers meet reserve requirements under the GENIUS Act. The new Fidelity Reserves Digital Fund will invest in cash, short term U.S. Treasuries, and other eligible assets permitted under federal stablecoin rules. Fidelity joins State Street in targeting the stablecoin reserve management market as institutions prepare for expected growth in digital dollar issuance. Fidelity said on Thursday that the new Fidelity Reserves Digital Fund will…
Michelle Bond, the wife of former FTX executive Ryan Salame, must face federal campaign finance charges after a New York judge rejected her bid to dismiss the case. Summary Judge Daniels ruled Salame’s plea agreement did not promise immunity for Michelle Bond’s campaign case. Prosecutors allege FTX-linked money illegally helped fund Bond’s failed 2022 New York congressional campaign bid. The case may become one of the final criminal trials tied to FTX’s collapse fallout. U.S. District Judge George Daniels denied her motion in a court order tied to the criminal case in Manhattan. Bond argued that prosecutors had assured Salame…
Kentucky Attorney General Russell Coleman has filed lawsuits against Kalshi, Polymarket and several related partners, accusing them of offering unlicensed sports betting in the state. Summary Kentucky says prediction markets crossed into sports betting, while platforms claim federal law controls contracts. Kalshi and Polymarket now face lawsuits, tax disputes, and split court rulings across several states. The CFTC backs federal oversight as state regulators push licensing, consumer protections, and gambling rules. The Kalshi case also names Coinbase, Robinhood and Webull, which Kentucky says helped give users access to sports event contracts. The lawsuits were filed in Franklin Circuit Court. They…
Bitcoin has fallen back toward $64,000 after a hawkish Federal Reserve outlook erased a relief rally driven by easing Middle East tensions, with traders now debating whether support near $64,000 can prevent a deeper retracement toward June lows. Summary Bitcoin fell from $66,315 to $64,103 after the Fed projected additional rate hikes for 2026. Liquidation heatmaps show major leverage clusters near $64K–$65K, increasing downside volatility risks. Analysts warn that weak spot demand and continued ETF outflows could expose the $60K support zone. According to data from crypto.news, Bitcoin (BTC) climbed to an intraday high of $66,315 on June 17 before…
Binance has been left relying on France as its last realistic route to secure a Markets in Crypto-Assets license after its expected authorization bid in Greece reportedly stalled ahead of the European Union’s June 30 deadline. Summary The Big Whale reported that Christine Lagarde helped derail Binance’s MiCA application in Greece despite regulatory progress. With the Greek route stalled, France has emerged as Binance’s last realistic option for securing EU-wide authorization. Binance said its application met MiCA requirements and warned approval delays could reduce liquidity and competition. According to a report published Wednesday by The Big Whale, European Central Bank…
Kalshi has fueled a billion-dollar dispute over sports betting regulation as trading activity on its platforms continues to surge. Summary Gaming and tribal groups urged the Senate to block sports-related prediction contracts through the CLARITY Act. The American Gaming Association estimates prediction markets have cost states about $1.08 billion in tax revenue. Kalshi’s crypto perpetual futures platform generated over $5.5 billion in volume within two weeks of launch. According to a report from Semafor, a coalition that includes the Indian Gaming Association, the American Gaming Association, and labor organizations has urged the US Senate to add language to the CLARITY…
The crypto market has remained under pressure even as reports have indicated that a U.S.-Iran agreement is moving closer to completion, with the total crypto market capitalization falling nearly 2% to $2.21 trillion. Summary Trump said a U.S.-Iran agreement could be signed soon, but crypto prices remained under pressure. Bitcoin and major altcoins fell as investors focused on Fed policy and inflation risks. The Federal Reserve kept rates unchanged at 3.50%–3.75%, extending its 2026 policy pause. According to a BBC report, U.S. officials have released details of a proposed memorandum that would extend the ceasefire between Washington and Tehran while…