🆕 Blockchain Launches SnapMarkets: A New Bitcoin Prediction Platform

🚀 Blockchain has introduced SnapMarkets, a prediction platform for Bitcoin price changes with 30-second intervals. The minimum bet is $1 on the asset's rise or fall. The product is marketed as a "skill-based prediction market." In addition to trading features, the platform includes a chat, real-time price feed, and a leaderboard.

🔍 Unlike Polymarket or Kalshi, SnapMarkets focuses solely on Bitcoin price predictions rather than bets on elections or sports outcomes. Blockchain plans to expand the list of available markets over time.

📈 The launch coincided with a period of active growth in the prediction market sector. According to Dune, the total trading volume in prediction markets exceeded $29 billion in April.

⚖️ Blockchain emphasizes that SnapMarkets is not binary options. The company describes the service as a "simple and transparent way" to interact with price movements, rather than a traditional derivative instrument. However, regulators in the US and Europe are cautious about such products. In 2018 2019, EU and UK authorities banned offering binary options to retail clients. In the US, the CFTC regulates such platforms. Due to regulatory restrictions, SnapMarkets is unavailable to residents of the US and UK.

🔔 Trump’s China visit a boom to ETH: Can ETH break higher after reclaiming key momentum?

❗️ Ethereum is currently positioned at a critical juncture as broader crypto markets attempt to sustain bullish momentum alongside improving equity market sentiment. After Bitcoin recently reclaimed the $80,000 level, traders are increasingly asking whether ETH can deliver a similar breakout or lag behind in a rotation-driven market. With U.S. stocks continuing to show strength and AI-driven equities like Nvidia hitting new highs, risk-on conditions are broadly supportive for digital assets, including ETH. However, Ethereum has historically required stronger catalysts than Bitcoin to sustain upside momentum due to its dual role as both a macro asset and a utility-driven network.

📣 The key question for traders is whether Ethereum can convert improving sentiment into a sustained trend above major resistance zones. Bitcoin’s recent push above $80,000 has reinforced optimism across crypto markets, but ETH often lags in early stages of macro rallies before accelerating during liquidity expansions.

⚡️ Institutional demand remains a central variable. In a previous cryptonews story, ETF inflows showed signs of cooling after a strong surge, raising questions about whether fresh capital will rotate into alternative assets like Ethereum.

❓ At the same time, infrastructure expansion across crypto markets continues to support ETH’s long-term narrative. Another cryptonews story highlighted the upcoming launch of Nasdaq Crypto Index futures by CME Group, which could increase diversified exposure to Ethereum alongside other major digital assets.

🔔 Bitcoin slips below $77,000 on Gate as BTC cools

📌 According to market data, the BTC/USDT pair is currently priced at $76,998, putting bitcoin just under the $77,000 level. The 24-hour move is marginal, with the pair down 0.03% over the period, indicating essentially flat price action rather than a sharp sell-off.

🌐 The small decline suggests traders are consolidating positions rather than reacting to a major macro or idiosyncratic shock. For context, bitcoin remains far above key long-term levels even as yields and Fed expectations have recently moved against risk assets, with long-dated U.S. Treasuries trading above 5% and rate-hike odds climbing.

🔖 In that environment, a flat-to-slightly-down day for BTC at around $77,000 can still mask far larger drawdowns lower down the risk spectrum. The combination of modest spot softness, elevated yields and a cautious macro backdrop keeps the onus on traders to watch liquidity, funding and order-book depth rather than fixating solely on headline price levels.

🔔 Will Solana price lose $80 support as bearish double top threatens breakdown?

❗️ According to data from cryptonews, Solana fell 5% to an intraday low near $80 on May 28 after trading above the $95 region earlier this month. The token has now erased most of its late-April recovery, while daily trading volume surged as traders rushed to exit leveraged long positions.The latest selloff accelerated after Bitcoin slipped below the $73,000 level and Ethereum dropped under $2,000.

📣 On-chain activity added another layer of pressure. Pumpfun, one of Solana’s largest meme coin launchpads, resumed large-scale treasury selling after months of inactivity. As per data shared by Lookonchain, the platform offloaded roughly 100,628 SOL at an average price near $84.5, adding fresh supply into an already fragile market.

🔖 Institutional demand has also weakened sharply since early May. Public disclosures showed Goldman Sachs fully exited its Solana ETF exposure during the latest reporting period, removing a key bullish narrative that had supported the token earlier this year. The liquidation came as spot Solana ETF flows slowed across several U.S. products following weeks of reduced crypto allocations from large asset managers.

❗️ How low can Bitcoin go? The bear targets

🌐 The honest answer is that nobody knows, but the levels traders and analysts are actually watching are specific, and they cluster into a clear ladder. Near-term support sits around $65,000, with the 60.000$ to 62.000$ zone in focus right below it. Credible analysts flag $55,000 to $57,000 as a realistic stress-test low. 

⚠️ Prediction markets are pricing meaningful odds of $50,000, $45,000, and even $40,000 before 2027. A handful of cycle analysts call for a deeper bottom near $38,000, and a few perma-bears throw out numbers like $20,000 that deserve heavy skepticism. This piece maps the bear targets in order, explains what would have to break to reach each one, and lays out why most credible forecasters still think Bitcoin holds well above the scariest numbers.

⚡️ Through the June selloff, $65,000 has emerged as the immediate line in the sand. Several technical analysts treat it as the pivot: hold above it, and the structure of a deep correction within a larger uptrend stays intact, with room to recover toward $68,000 and then $70,000. Lose it decisively, and the next support zone, $60,000 to $62,000, comes into focus quickly. As of early June, Bitcoin was wobbling right around and just below this line, which is why every tick matters to traders watching it.

🔔 Citi to offer tokenized private shares to wealthy clients: WSJ

❗️ The platform comes as demand grows for access to large private companies that have stayed away from public markets. Investors have closely watched firms such as SpaceX and Anthropic, which remain private despite strong market interest.

⚠️ The new Citi product will use tokenized depositary receipts. These securities will represent exposure to private-company shares and will be authorized and issued by Citi. Citi will also act as custodian for the assets. That means clients will not be buying direct shares in the same way as public stocks, but they will gain a regulated structure for private-market exposure.

🔖 The platform will initially serve non-U.S. investors. Citi plans to expand access over time, including potential availability for U.S. clients if regulatory conditions allow. The bank is also in talks with large private companies, though it has not named them. The product is designed for investors who already meet wealth or institutional access standards.

📌 Satori Finance joins growing list of crypto projects shutting down

🔔 Satori said in a June 16 statement that it would begin winding down the platform and keep withdrawals available until July 16, 2026, at 23:59 UTC. The team attributed the decision to prolonged unfavorable market conditions and said continued operation was no longer financially viable. The company urged users to close open positions and withdraw assets during the transition period. Satori warned that the platform will cease operating after the deadline and that users may no longer be able to access assets left on the platform beyond that date.

🌐 “We have made the difficult decision to wind down Satori Finance operations,” the team wrote, adding that user assets remain under users’ control throughout the shutdown process.

⚠️ “We want to reassure you that your assets remain fully safe and under your control throughout this transition period. There is no need for concern — this notice is simply to help you plan ahead and ensure a smooth, orderly withdrawal process.”

📣 Solana price eyes breakout after tokenized stock boom fuels 18% rally

❗️ Solana price has extended its recovery to nearly 18% over the past week as record tokenized stock activity and growing institutional adoption helped the token outperform a crypto market still weighed down by macroeconomic uncertainty. According to data from cryptonews, Solana climbed from a local low near $64 on June 25 to an intraday high of $75.8 on June 30 before easing back toward the $73 region. Its rebound came while Bitcoin remained below 60.000$ following another failed breakout attempt, allowing SOL to stand out as one of the few large-cap cryptocurrencies to post a strong weekly gain.

🔖 One catalyst behind the move came from Solana’s tokenized asset ecosystem. The network processed a record $1.36 billion in weekly tokenized equity volume, accounting for roughly 96% of all on-chain stock trading during the period. The surge in real-world asset activity increased on-chain transactions and demand for SOL as the network’s native gas token, adding a source of organic spot buying beyond speculative trading.

⚠️ Institutional adoption also continued to build. Spot Solana exchange-traded funds managed by firms including Bitwise and Fidelity surpassed $1.06 billion in combined assets under management. Unlike spot Bitcoin ETFs, several Solana products distribute staking rewards to shareholders, giving investors an additional yield component alongside price exposure.

🔖 Elon Musk’s SpaceX wallet stirs Bitcoin fears as SPCX sinks 25%

📣 SpaceX has transferred Bitcoin for the first time in six months, while its newly listed SPCX shares have fallen more than 25% from recent highs despite joining the Nasdaq-100. According to Arkham Intelligence, a wallet linked to Elon Musk’s SpaceX moved just $88 worth of Bitcoin on July 8, ending a six-month period without on-chain activity. Although the transfer was tiny, it quickly fueled speculation across crypto markets because the company’s wallets have historically remained inactive for long periods.

➡️ Arkham Intelligence data showed that SpaceX still holds about 18,712 BTC, worth roughly $1.16 billion at current prices. The receiving wallet now contains 614 BTC valued at about $38 million. The blockchain analytics platform also showed that the company’s previous major transfer involved more than 1,016 BTC worth nearly $100 million. While the latest transaction involved only a nominal amount, it arrived after a series of larger Bitcoin sales by corporate treasury holders. Strategy, MARA Holdings, Nakamoto Holdings, and Sequans Communications have all disclosed Bitcoin sales in recent weeks.

⚠️ Past activity has also added to the attention. Arkham Intelligence data indicates that outflows from SpaceX to unidentified wallets accelerated around the crypto market decline on Oct. 10 last year before slowing as the company’s attention turned toward its public listing. Selling pressure has continued in SpaceX shares even after the company secured a place in the Nasdaq-100. SPCX closed 6.83% lower at $149.47 on Tuesday after touching an intraday low of $148.86, leaving the stock below its IPO debut price and more than 25% below levels seen about a month ago. Premarket trading on Wednesday showed the shares edging up 0.49%.

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➡️ Russia is legalizing crypto for everyone except Russians

🔔 The crypto law reaching its final votes in the State Duma legalizes digital assets for cross-border trade while capping ordinary Russians at $3,800 a year and banning crypto payments at home. It is the most honest crypto law ever written, because it does not pretend to be for citizens at all.

⚠️ There is a version of crypto legalization that every country’s industry lobbies for: open access, clear rules, low friction, the state stepping back so markets can step in. The law reaching its final votes in Russia’s State Duma this week is the other version, and its clarity is what makes it worth reading closely. Licenses its exchanges, recognizes digital assets as property, and writes them into the tax code. It also caps what an ordinary Russian can buy at roughly $3,800 a year, keeps the ban on paying for anything with crypto inside the country, phases out peer-to-peer trading, and reserves the law’s one genuinely open channel, unlimited cross-border crypto settlement, for companies paying foreign counterparties.

📊 One of the bill’s architects described that channel’s purpose without euphemism: it lets Russian firms pay partners abroad while circumventing sanctions restrictions. Strip away the licensing scaffolding and the design is legible in a sentence. This is a law that legalizes crypto for the Russian state’s problems and rations it for the Russian public, and understanding why it is built that way explains more about where crypto regulation is heading globally than a dozen friendlier frameworks.

🚨 Breaking: Morgan Stanley Ethereum and Solana ETFs Approved to List & Trade on NYSE Arca

👉 Read more

➡️ Ripple-era SEC chair Jay Clayton confirmed as DNI

📣 The U.S. Senate confirmed former Securities and Exchange Commission Chair Jay Clayton as Director of National Intelligence on July 28 in a 51-47 party-line vote. Clayton will replace acting Director William Pulte after completing the formal transition. President Donald Trump nominated him on June 11, and the Senate Intelligence Committee advanced the nomination 9-8 on July 21.

🔖 The Senate invoked cloture on Clayton’s nomination by 51-43 on July 27 before approving him the following day. Republicans supported the confirmation, while Democrats opposed it. Clayton previously won Senate confirmation as SEC chair by 61-37 in 2017.His latest confirmation was more divided. Senate Intelligence Committee Vice Chair Mark Warner said he had “serious reservations” about Clayton’s willingness to resist political pressure. The criticism represents Warner’s assessment, not a finding about Clayton’s conduct as intelligence director.

❗️ Clayton’s confirmation hearing also focused on his limited traditional intelligence experience, his answers about the 2020 election and subpoenas issued during his time as U.S. Attorney for the Southern District of New York. Supporters cited his work involving cyber threats, illicit finance, sanctions and national-security prosecutions.

⚡️ CleanSpark reports $239M quarterly loss as revenue falls 30.5%, misses estimates

👀 CleanSpark has reported a $239 million quarterly loss as revenue fell 30.5% year over year, while its latest AI data center lease has added a long-term revenue stream outside Bitcoin mining.

🌐 According to CleanSpark’s fiscal third-quarter results published on Thursday, the Nasdaq-listed Bitcoin mining company generated $138 million in revenue for the three months ended June 30, down 30.5% from $198 million in the same quarter last year. The figure also came in below Wall Street expectations, with Yahoo Finance analyst estimates placing the consensus forecast at $142.2 million. For the quarter, the company posted a net loss of $239 million, or $0.89 per basic share, reversing from net income of $257 million, or $0.90 per share, recorded a year earlier.

🔗 Alongside the decline in revenue, CleanSpark’s quarterly sales narrowly missed analysts’ expectations compiled by Yahoo FinanceInvestors reacted by sending the stock lower. Shares fell 5.5% during Thursday’s trading session before recovering about 3% in pre-market trading on Friday to trade above $13.10, according to Yahoo Finance market data. The latest earnings follow a similar market reaction after the previous quarterly report. Following the May results, CleanSpark shares dropped more than 10% in pre-market trading after closing the previous session at $14.30. Google Finance data at the time showed the company carried a market capitalization of about $3.66 billion, with shares trading within a 52-week range of $8.00 to $23.61.

🌐 HTX and FCA seek settlement in UK crypto marketing lawsuit

🔗 HTX and the UK Financial Conduct Authority have entered settlement talks over allegations that the crypto exchange illegally promoted its services to British consumers, with High Court proceedings paused until late August while negotiations continue. The discussions concern a lawsuit filed by the FCA in October against Panama-incorporated Huobi Global and unidentified people alleged to operate and control HTX. In February, the regulator accused the exchange of breaching financial promotion rules that have applied to cryptoassets in the UK since October 2023.

⚡️ HTX, formerly known as Huobi, is one of the world’s largest crypto trading platforms and has been linked to Tron founder Justin Sun, who acquired a controlling interest in the exchange in 2022. The company is also dealing with separate sanctions imposed by the UK and European Union while maintaining that its services are not intended for British customers. Court orders reviewed by Reuters show that discussions between HTX and the FCA began after months of unsuccessful attempts by the regulator to engage with the exchange.

❗️ The FCA had alleged that HTX ignored repeated requests to communicate and operated through what the regulator described as an “opaque operational structure.” Following email exchanges in March, however, the two sides entered settlement discussions that initially ran for three months.

❗️ Bitcoin may offer an escape from the dollar’s reserve currency trap: Forbes

🌐 Bitcoin has been presented as a possible neutral reserve asset after an old video of U.S. Vice President JD Vance resurfaced in which he questioned whether the dollar’s reserve currency status ultimately benefits the United States. Vance, who was a U.S. senator when the video was recorded, described his position as “super heterodox” and questioned whether reserve currency status was necessarily good for the country. He argued that global demand for dollars allows U.S. consumers to purchase foreign goods cheaply and gives the country unusually easy access to borrowing.

🔖 The cost, according to Vance, falls elsewhere in the economy. Strong overseas demand for dollars can support a higher exchange rate, making American goods more expensive abroad while imported products become cheaper for U.S. consumers. Birnbaum argued that the arrangement creates a conflict between the benefits Americans receive from dollar dominance and the pressure placed on domestic manufacturers and exporters.

🔗 The dollar’s international position has traditionally been described as an “exorbitant privilege” because the United States can borrow in its own currency while foreign governments, banks and investors maintain large holdings of dollar-denominated assets.