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Crypto

NYDIG says bitcoin weakness not driven by single factor, cites five variables including AI and IPOs

Recent weakness in bitcoin and the broader crypto market reflects overlapping pressures rather than a single negative factor, an analysis said. NYDIG Global Head of Research Greg Cipolaro outlined five headwinds in a weekly report dated June 5, CoinPost reported. He cited competition for capital from AI, prospects for large IPOs, remarks on U.S. seizure of Iran-related crypto assets, a shift in Strategy’s role, and renewed quantum-computing risk.

Crypto

NYDIG says BlackRock\'s IBIT $1.26 billion block trade shows signs of urgent liquidation by whale investor

A more than $1.26 billion block trade in BlackRock\'s spot bitcoin ETF iShares Bitcoin Trust (IBIT) last week may have been a large directional investor rapidly unwinding a concentrated position, NYDIG research head Greg Cipolaro said. The sale was executed in a dark pool at a $1.01 discount to market, implying about $29.5 million in concession. Bitcoin fell about 2.8 percent on the day, while U.S.-listed spot bitcoin ETFs have logged 11 straight sessions of net outflows.

Crypto

U.S. CLARITY bill faces nine-week window before August recess, delay could push it to 2030

The U.S. crypto market-structure bill known as CLARITY is entering a decisive period ahead of Congress\' August recess, with the Senate needing to complete a vote within roughly nine weeks. With limited floor time in June and July and other priorities waiting, securing a slot is difficult. Disagreements remain over stablecoin profits, anti-money laundering rules, DeFi protections and ethics provisions. Supporters warn delays could reduce passage odds and potentially push broad legislation to 2030.