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Crypto

Bitcoin slides from peak but some see bullish signals

Bitcoin has fallen to the low $60,000s from a peak of about $126,080 last October, but some in the market see the drop as a repeat of its usual cycle rather than a structural break. VanEck said the correction resembles past four-year halving cycles and pointed to its GEO framework as an early sign of bottom formation. CryptoQuant cited long-term holders’ unrealised losses as a similar signal, while warning of potential further selloffs.

Crypto

White House to convene crypto industry next week as Clarity Act vote delayed

The White House is expected to hold a meeting next week with leading figures from the cryptocurrency and prediction market industries. The meeting is being arranged to coincide with the U.S. Commodity Futures Trading Commission’s new Innovation Advisory Committee schedule, with the White House session set for the day before the committee’s first meeting. Attention has grown as Congress has delayed a vote on the Clarity Act, pushing consideration into September.

Crypto

UBS expands bitcoin spot ETF investment, buys 2.5 million shares of BlackRock's IBIT

UBS has expanded its bitcoin exposure by buying additional shares in BlackRock's spot bitcoin exchange-traded fund, according to a U.S. regulatory filing. The Swiss bank increased its holdings of BlackRock's iShares Bitcoin Trust, or IBIT, to about 2.5 million shares worth around $83 million. UBS also allocates funds to other bitcoin-related ETFs and premium income products, bringing its total crypto ETF holdings to about $90 million.