CMC Updates

Bitcoin remains under pressure after US inflation climbed to a three-year high, reducing expectations for rate cuts and raising concerns about further downside below $60,000.

Bitmine acquired 125,000 ETH over three days despite nearly $10 billion in unrealized losses, bringing its holdings close to 5% of Ethereum’s circulating supply.

BlackRock moved closer to launching its Bitcoin Yield ETF, which aims to generate income through covered call strategies while tracking Bitcoin exposure.

CryptoQuant says Bitcoin's most likely bear market bottom sits near $53,600 as demand weakens, ETF outflows accelerate, and key capitulation signals remain absent.

The CFTC proposed its first prediction market framework, supporting sports-based contracts while introducing new standards for regulating event markets.

Mastercard unveiled Agent Pay for Machines, partnering with Coinbase, OKX, and over 30 firms to support AI-powered payments across crypto and traditional networks.

Ripple launched the XRPL AI Starter Kit, enabling AI agents to make autonomous payments with XRP and RLUSD through the x402 payment protocol.

Crypto gambling generated $14 billion in Q1 2026 despite a broader market downturn, while prediction markets overtook gambling volume for the first time, according to TRM Labs.

Chainalysis partners with South Korean police to strengthen crypto crime investigation capabilities.

Hyperliquid and Paradigm urge US Treasury to soften stablecoin AML rules affecting DeFi access.

Japan’s top three megabanks plan a joint stablecoin launch by March 2027 under trust structure.

Bitcoin fell to a cycle low near $58,000 after stronger-than-expected US jobs data reduced rate-cut expectations and triggered a broad sell-off across risk assets.

More than 60 crypto founders, led by the Solana Institute, are urging lawmakers to preserve developer protections as the CLARITY Act moves toward a Senate vote.

Starknet launches STRK20 privacy layer while Sui rolls out confidential transfers in beta.

FCA proposes allowing UK retail funds to hold crypto ETNs with a 10% portfolio cap.

Janus Henderson buys ENA and adopts USDe treasury use, expanding Ethena's institutional reach.

Starknet introduced STRK20, a zero-knowledge privacy framework for ERC-20 tokens, while Sui launched confidential transfers with compliance-focused disclosure tools.

US spot Bitcoin ETFs have lost nearly $5 billion since mid-May, though inflows into multiple funds suggest selling pressure may be starting to ease