Senin, 16 Juni 2025

📉BTC dips; Biden’s crypto plans get chopped


Bitcoin slips on Middle East tensions, while the SEC quietly cuts Biden's crypto proposals.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

Your weekly roundup of the 🔥hottest news in crypto:

BTC Price Slides as Israel Attacks Iran, SEC Axes Biden Crypto Proposals, & More

June 8 - 14

#1

Bitcoin slides to $103K as Israel launches airstrikes on Iran

Bitcoin has tumbled closer to the psychologically important $100,000 price level, dashing traders' hopes of a new all-time high after Israel launched a series of airstrikes on Iran.

Explosions reportedly rocked Iran's capital of Tehran at 22:50 UTC on Thursday before Israel claimed responsibility for the attacks, which saw Bitcoin drop 2.8%, from $106,042 to $103,053, within 90 minutes, before slightly recovering to $104,370 at the time of publication, according to CoinMarketCap.

The drop caught traders offside, with approximately $427.84 million in long positions liquidated over the past 24 hours, according to CoinGlass data. Just days earlier, on Tuesday, Bitcoin had climbed as high as $110,265, just below its May 22 all-time high of $111,940.

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#2

SEC axes Biden-era proposed crypto rules in flurry of repeals

The US Securities and Exchange Commission has rescinded a slate of rules the agency proposed under the Biden administration, including two relating to crypto custody and exchanges.

The SEC said on Thursday that it was "withdrawing certain notices of proposed rulemaking" that were issued between March 2022 and November 2023 under former Chair Gary Gensler.

The agency added that it "does not intend to issue final rules with respect to these proposals," and new rules will be proposed should it change its stance in future regulatory action.

It's President Donald Trump's latest regulatory rollback, which has promised sweeping deregulation of crypto and traditional markets.

#3

SharpLink buys $463M in ETH, becomes largest public ETH holder

Sports betting platform SharpLink Gaming has acquired 176,271 Ether for $463 million, becoming the world's largest publicly traded holder of ETH.

In a Friday announcement, the Nasdaq-listed company said the Ether acquisition was funded through a combination of private placement and at-the-market equity sales, including $79 million raised since May 30. The average acquisition price came in at $2,626 per coin.

The company said over 95% of its ETH is now deployed in staking and liquid staking platforms, earning yield while contributing to Ethereum's network security.

Prediction of the Week

Bitcoin price breakout to $119K possible if oil rally pattern holds

Bitcoin is generally not regarded as a reliable investment during periods of geopolitical uncertainty, particularly when oil prices spike in response to escalating global tensions. However, historical data suggests that such moments often present compelling buying opportunities for traders prepared to capitalize on market dislocations.

In the face of imminent conflict or instability, investors typically rotate into short-term government debt and cash, favoring safety over volatility. Nevertheless, Bitcoin has historically outperformed in the week following abrupt oil price surges, such as the recent rally to $77 per barrel on Friday.

FUD of the week

Russian authorities bust truck-based crypto mine draining village power

Authorities in Russia's Republic of Buryatia have uncovered an illegal cryptocurrency mining operation hidden inside a Kamaz truck siphoning electricity meant for a nearby village.

Discovered during a routine power line inspection in the Pribaikalsky district, the unauthorized setup was drawing electricity from a 10-kilovolt line, enough to supply a small village, according to Russian state-owned news agency TASS.

Inside the truck, inspectors found 95 mining rigs and a mobile transformer station. Two individuals believed to be connected to the operation fled the scene in an SUV before police arrived.

FUD of the week

French police make more arrests in crypto kidnapping case

French police have reportedly made more arrests in the abduction of a crypto entrepreneur's father whose finger was severed as part of the ransom demands.

The state-owned media outlet France 24 reported on Wednesday that police have arrested several people suspected of involvement in the kidnapping, citing a source close to the case.

There has been a growing number of crypto kidnappings in 2025, several of them in France, leading to crypto entrepreneurs beefing up their security measures, and French Interior Minister Bruno Retailleau calling a meeting to discuss the issue.