🗽‍⚖ Bsupreme court decided repeal the Chevron Doctrine, which limits the powers of federal agencies.
FOX: The ruling limits the power of federal agencies by denying them the power to interpret controversial laws through rulemaking. This big win for cryptocurrencies and other industries that have been subject to rampant rulemaking by agencies like the SEC, and gives judges more power to interpret laws.

🕵️👀 #BTC #ETF BlackRock Global Allocation Fund disclosed ownership of 43k shares of its Bitcoin ETF iShares Bitcoin Trust in April.

🤔 #BTC CEO C.Q.: Bitcoin demand is decreasing again, -23K Bitcoin in the last 30 days, hence the price correction.

The apparent demand calculation is used a lot to estimate demand for commodities. It compares production and inventory changes to estimate if demand is growing or not.

Here I used 1-year inactive supply as a proxy for inventory.

🔝 Top #DeFi tokens by price performance

🤔 #BTC repeats the pattern of last year’s summer

📊 Kaiko: The number of active trading pairs on Binance is well below all-time highs. On the contrary, listings are gaining momentum on the Bybit exchange and Korean exchanges.

🐳 Large entities own about 20% of the total #BTC volume

🧐 Santiment: #BTC's mild rebound after the dip the past 2 weeks has been short-lived for now. But note the continued negative sentiment pouring in from the crowd, indicating their patience is wearing thin.

This, along with a low RSI of just 36, are strong indications a bounce is close.

🇺🇸🕹 The US Treasury will introduce a tax regime for cryptocurrencies starting in 2025 and defers rules for non-custodians.

The Internal Revenue Service (IRS) will not require reporting on most regular stablecoin sales and will set an annual threshold of $600 for NFT proceeds before it will be required to be reported.
coindesk

🇺🇸🗣 FATF: 75% of jurisdictions are “only partially or not compliant” with cryptocurrency standards.

🥳👀 Parent company Igloo Inc acquires Frame. theblock.com

🐳📈 #BTC Ali Martinez: Someone bought the Bitcoin dip! Over 20,200 BTC, worth $1.23 billion, were sent to accumulation addresses.

👀 IRS Finalizes Controversial Tax Reporting Rule for Brokers, Delays Decision on DeFi. theblock.com

🇦🇺 Australian #BTC-#ETF keeps on buying the Bitcoin dip every day. Since its launch this summer IBTC have bought just 65 BTC

📊 #BTC remains stable at $60,911 despite minimal movement following the latest U.S. economic updates.

The PCE index reported core inflation at 2.6% year-on-year, which did not significantly impact BTC prices.

Concerns grow over thinning support below $60K as bid liquidity weakens, signaling potential volatility ahead.

🗓 Major upcoming events in July
#ASI #NATIX #APRS #BDXN #INJ #ILV #BNB #BTC #BCH #AIT

📊⛏ C.Q.: the capitulation of #BTC miners has reached a level comparable to December 2022: a drawdown of 7.6%.
December 2022 marked the bottom of the cycle after the FTX crash.

📊 Santiment: According to the MVRV Z-Score, which determines overvalued and undervalued assets based on the average profitability of traders:
Overvalued: #TON, #BTC, #ETH;
Underrated: #UNI, #SHIB.

🕵️‍♂️ Perhaps the founder of #CRV made an over-the-counter trade.
christian2022.eth sent 400 thousand #USDT to Mikhail Egorov after the June #CRV crisis and received from him 3.75 million CRV. He then listed these tokens worth ~$1.25 million on Binance.

📈 #BTC #ETF Yesterday, the total net inflow of spot BTC-ETFs was ~$73.05 million.