Bitcoin (BTC) continues to be weak without a rebound, temporarily reported at around $59,400 on June 29. U.S. House Speaker Mike Johnson said that the housing bill containing a ban on central bank digital currencies (CBDC) will be sent to President Trump for signing on Monday. The European Banking Authority releases a penalty framework for non-compliant crypto issuers, as full MiCA enforcement approaches.
Macro Events & Crypto Hot Topics
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According to Cointelegraph, U.S. House Speaker Mike Johnson said that the housing bill containing a temporary CBDC ban (through 2030) will be sent to President Trump on Monday and signed into law. Earlier on June 24, Trump refused to sign a bill containing a U.S. CBDC ban, forcing the advancement of election legislation.
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According to Cointelegraph, the European Banking Authority (EBA) released a consultation paper on June 26 proposing a standardized penalty framework for crypto asset issuers who violate MiCA regulations. Under the proposal, non-compliant issuers classified as significant tokens face fines of up to 12.5% of annual revenue or twice the profit gained from the violation, while the fine cap for significant e-money tokens is 10% of annual revenue.
The EBA will adopt a strict two-step process to determine fine amounts, incorporating aggravating or mitigating factors after assessing the basic severity of the violation. This move marks the EU's MiCA regulation entering a substantive enforcement phase. The framework's release comes on the eve of the critical July 1 deadline, when crypto companies must obtain formal licenses from national regulators to legally operate within the EU's 27 member states; unlicensed firms face the risk of suspension.
News Highlights
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South Korea revises listing rules effective July, KOSDAQ crypto treasury companies face delisting pressure
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U.S. House Speaker: Housing bill containing CBDC ban to be sent to Trump for signing on Monday
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Arthur Hayes: Hypercall could become a strong competitor to Deribit
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European Banking Authority releases penalty framework for non-compliant crypto issuers, full MiCA enforcement imminent
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BIS: Stablecoins lack key monetary attributes, may threaten monetary sovereignty of emerging markets
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Changpeng Zhao: 2026 crypto bear market caused by multiple factors including AI capital diversion and geopolitics
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Loopring announces closure of Loopring DEX and return of user assets
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Arthur Hayes buys 6.16 million SYN from FlowDesk, approximately $2.2 million
Market Overview
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Latest Bitcoin news: <a data-currency='BTC' href='/futures/USDT/BTC_USDT'>$BTC continues to be weak without a rebound, temporarily reported at around $59,400, with $73.7 million liquidated in the past 24 hours, mainly long positions;
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U.S. stocks on June 26 could not escape the downturn; the S&P 500 and Nasdaq Composite closed lower every trading day of the week for the first time since April 2024. Funds are clearly shifting from overextended chip stocks to broader stocks that can benefit from economic growth and corporate profits, and Wall Street is not pessimistic about the second half of the year. The Philadelphia Semiconductor Index plunged 5.3%, Micron fell 6.7%. TSMC ADR fell 0.6%, becoming the least declined stock among Philadelphia Semiconductor components. Over the week, the Philadelphia Semiconductor Index and TSMC ADR fell 7.9% and 6.4% respectively; the S&P 500 and Nasdaq fell 2% and 4.6% weekly.
(Source: Gate)
- In the Gate BTC/USDT liquidation map, based on the current price of 59,562.20 USDT, if it falls to around $58,908, cumulative long liquidation amount exceeds $72.72 million; if it rises to around $60,235, cumulative short liquidation amount exceeds $161 million. The short liquidation amount is significantly higher than the long side. It is recommended to reasonably control leverage ratio to avoid triggering large-scale liquidations during market fluctuations.
(Source: Coinglass)
- In the past 24 hours, BTC spot inflow was $1.46 billion, outflow $1.57 billion, net outflow $90 million.
(Source: Coinglass)
- In the past 24 hours, contract trading net outflows led by $ETH, $VELVET, $XAG, $PUMP, $SLX , etc., presenting trading opportunities.
X KOL Selected Views
Phyrex Ni (@Phyrex_Ni): "Monday is the start of a new week again. I'm a bit headache about Monday now, mainly because the reactions of the U.S. and Iran over the weekend have been borne by cryptocurrencies. And it's very likely that before the U.S. stock market opens on Monday, Trump will TACO, and then Iran will act as if nothing happened, and then the U.S. stock market will go about its business as usual. Regardless of whether this script plays out, I think it's hard for the U.S. and Iran to fully fight again; it's not in either side's interest."
"Especially if Iran blocks the Strait of Hormuz again, I think Europe and Asia will not sit idly by. Of course, this is just my personal opinion, but I haven't closed my WTI short yet. After all, it's been long paying short funding rates recently, so holding a short is quite comfortable, and I've withdrawn the margin; I'm satisfied with over 200% profit."
"Because I can roughly estimate the final outcome between the U.S. and Iran, what happens on Monday is not very important. Instead, what I care about most is the ATM data released by $MSTR this week, especially how it is ATM'd and how the funds after ATM are utilized. Whether more funds are kept as cash reserves or used to buy $BTC , as I said, if it's the former, it means MSTR is hunkering down for winter, which is good; if it's the latter, it means Michael continues to be aggressive."
"For the former, I might try to buy some MSTR and $STRC , but if it's the latter, I will only lower my expected price for buying Bitcoin. Additionally, next week's important data is Thursday's non-farm payrolls. Currently, non-farm seems to be back to a point where both good and bad data are bad data. I wonder if there will be risk-averse sentiment."
Today's Outlook
No major financial data today.
